Hello Guys I Know that Many newbies entering the crypto Market to Earn passive income..
But many of them lose their money..
Did you know why they lose their money on their initial stage? Answer is simple they have No knowledge of Technical analysis.. If you are one of them Then don't worry here i am going to tell you My Favourite 5 Technical Analysis Books..
Here is the List..
1."Japanese Candlestick Charting Techniques" by Steve Nison
This book is the definitive volume on candlestick charting, which is one of the most commonly used technical analysis tools. Prior to Nison’s work, candlestick charting was relatively unknown in the West. He helped publicize the technique and train institutional traders and analysts at top investment banking firms. The book offers a thorough explanation of the subject, including explanations of virtually all candlestick patterns that are used by traders today.
2.“Technical Analysis of the Financial Markets” by John Murphy
This book is an approachable introduction to technical analysis that still provides a high level of detail and actionable insights. As a former technical analyst for CNBC with over 40 years of experience in the market, Mr. Murphy has become a leading voice for technical analysis and is highly skilled at conveying complex topics in an easy to understand manner. Novice traders may want to check out this book before diving into more complex topics.
3.“Encyclopedia of Chart Patterns” by Thomas Bulkowski
This book is truly an encyclopedia that contains an exhaustive list of chart patterns a statistical overview of how they have performed in predicting future price movements. Mr. Bulkowski is a well-known chartist and technical analyst and his statistical analysis sets the book apart from others that simply show chart patterns and how to spot them. The updated version of the book includes a section on event trading and patterns that occur with news releases.
4."Technical Analysis From A to Z" by B Steven Achelis
An excellent read for beginners to learn the basics of technical analysis that presents the concepts and standard terminology employed in an easy-to-understand format in the first part. Over 100 technical indicators and a wide range of commonly used chart patterns are explained in a lucid manner in the latter part of this work. What makes this work of such great utility is the methodical approach adopted by author in explaining each of the indicators and illustrating them with relevant practical examples in this top technical analysis book.
5."Elliott Wave Principle" Key to Market Behavior by by A.J. Frost, Robert R.
An excellent analytical work on Elliott Wave principle which proposes that stock market movements can be studied with the help of patterns which come together to represent larger wave-like movements. This work describes how an understanding of Elliott wave theory can help unravel the mysteries of seemingly random stock market movements and can be used to forecast future market trends with accuracy. The authors assert that the underlying scientific principle behind this system can be found at work in nature, art and mathematics as well as in human body and go on to analyze historical ups and downs with the help of this system. An almost academic work with practical applications in finance and study of stock market behaviour.
What do you think about this Books? And Which Book you should Read first? Reply fast in the comment Section
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