Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points - 4th Edition

• Publisher:   McGraw-Hill
• Number Of Pages:   560
• Publication Date:   2002-02-20
• ISBN-10 / ASIN:   0071381937
• ISBN-13 / EAN:   9780071381932

Recommended for professional certification by the Market Technician's Association, this is the Original - and Still Number One - Technical Analysis Answer Book. "Technical Analysis Explained, 4th Edition", is today's best resource for making smarter, more informed investment decisions. This straight-talking guidebook details how individual investors can forecast price movements with the same accuracy as Wall Street's most highly paid professionals, and provides all the information you will need to both understand and implement the time-honored, profit-driven tools of technical analysis.Completely revised and updated for the technologies and trading styles of 21st century markets, it features: technical indicators to predict and profit from regularly occurring market turning points; psychological strategies for intuitively knowing where investors will seek profits - and arriving there first!; and, methods to increase your forecasting accuracy, using today's most advanced trading techniques.Critical acclaim for previous editions include: "One of the best books on technical analysis to come out since Edwards and Magee's classic text in 1948...Belongs on the shelf of every serious trader and technical analyst. " - "Futures". "..."Technical Analysis Explained" [is] widely regarded as the standard work for this generation of chartists." - "Forbes".Traders and investors are creatures of habit who react - and often overreact - in predictable ways to rising or falling stock prices, breaking business news, and cyclical financial reports. Technical analysis is the art of observing how investors have regularly responded to events in the past and using that knowledge to accurately forecast how they will respond in the future. Traders can then take advantage of that knowledge to buy when prices are near their bottoms and sell when prices are close to their highs. Since its original publication in 1980, and through two updated editions, Martin Pring's "Technical Analysis Explained" has showed tens of thousands of investors, including many professionals, how to increase their trading and investing profits by understanding, interpreting, and forecasting movements in markets and individual stocks.Incorporating up-to-the-minute trading tools and technologies with the book's long-successful techniques and strategies, this comprehensively revised fourth edition provides new chapters on: candlesticks and one- and two-bar price reversals, especially valuable for intraday and swing traders; expanded material on momentum - including brand new interpretive techniques from the Directional Movement System and Chaunde Momentum Oscillator to the Relative Momentum Index and the Parabolic; expanded material on volume, with greater emphasis on volume momentum along with new indicators such as the Demand Index and Chaikin Money Flow; relative strength, an increasingly important and until now underappreciated arm of technical analysis; application of technical analysis to contrary opinion theory, expanding the book's coverage of the psychological aspects of trading and investing. Technical analysis is a tool, nothing more, yet few tools carry its potential for dramatically increasing a user's trading success and long-term wealth. Let Martin Pring's landmark "Technical Analysis Explained" provide you with a step-by-step program for incorporating technical analysis into your overall trading strategy and increasing your predictive accuracy and potential profit with every trade you make.

If you're into technical analysis you should get this book its one of these books that any technical analysis should read.
One bad point about the book is there are a lot of unnecessary information in it,his making the book to simple and too long but the real information can be summarized in 150 page only !

This review is for the 3rd edition of Technical Analysis Explained that I just read. Somewhere in the World Wide Web, somebody picked the book as the bible of investing. I thought I was looking for some wisdom, but instead, the book is dry, boring, and tedious. It is just pages and pages of technical information of how the stock market works. Some are relevant, but much is not. The worst part of the book is the ton of information contained within Technical Analysis Explained which will seriously overwhelm any average stock investor. All in all, Technical Analysis Explained is for the hardcore investor, but for anyone else, look elsewhere.

This book has a lot of good information on technical analysis but due to his poor writing style in order to understand what he is saying you might have to read reread & reread and I'm sure that you wont understand everything he is trying to bring out, the charts are really complicated to follow they are mostly not on the same page as the reading material that has you keep turn page back & fourth a few times to get through one chart besides for the fact that they are very small& busy(try to find a peak & through in a 1/4 of a centimeter with MA's trend lines right in middle of it)there are many other good books on technical analysis out there

pring What interest me is the 1-2 bar reversal patterns (Inside/Outside
Bars, 2-Bar reversal; Reversal Bar and Exhaustion Bar) and the
chapters on volume. I learnt Parabolic Blowoff and Selling Climax
from these chapters. Momentum chapters not too bad either. His conversational style of writing is desirable.

I am writing this review retro as I bought it several years ago, and I think for a very basic, easy to understand approach, it was the best one on the shelf. One, he starts with the most basic idea and progresses to more difficult. Two, it includes a CD with self tests after each chapter. If you cant get the test right, then you didnt get the material so it is a good checkup on your understanding of the material covered. Third, I still find it uncommon to see instructional manuals and the like in audio or video format. I get really tired of reading text all the time. Pring responds in audio after each question and tells you why its right or wrong. Again, what good to know the right answer if you dont understand why its right! This book is a great beginner book for first timers and a step closer to the AV interactive books that are the next technology.

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