Technical Analysis from A to Z, 2nd Edition
Main Themes:
- Comprehensive Guide to Technical Indicators: This book serves as a comprehensive catalogue of over 135 technical indicators used in financial market analysis.
- Practical Application: The book focuses on providing clear explanations of what each indicator is, how it’s calculated, and how it performs in real market scenarios.
- Relevance to Various Markets: While applicable to stock trading, the book’s principles are relevant across various financial markets, including bonds, futures, and options.
Most Important Ideas/Facts:
- Wide Range of Indicators: The book covers an extensive list of trading tools from basic ones like the Absolute Breadth Index to more complex concepts like Dow Theory and Elliott Wave Theory.
- Updated and Expanded Content: This second edition includes over 35 new indicators compared to the previous version, reflecting recent advancements in the field of technical analysis.
- Targeted Audience: The book caters to both newcomers and experienced traders seeking to deepen their understanding of technical analysis or find new indicators to incorporate into their strategies.
Key Quotes:
- “There is an urgent need for a concise reference on such a vast array of technical tools. Achelis new edition fulfills that need and should provide an invaluable guide to newcomers and veterans alike.” – John J. Murphy, President, MurphyMorris.com, Author of “Technical Analysis of the Financial Markets” and “Intermarket Technical Analysis”
- “Steve Achelis has done it again. The first edition was a wonderfully comprehensive encyclopedia of market indicators. The second edition is even better.” – Martin Pring, President, International Institute of Economic Research, Author of “Technical Analysis Explained” and “Martin Pring’s Introduction to Technical Analysis”
Author Credibility:
- Steven B. Achelis is the founder of Equis International, Inc., a company specialising in investment analysis software. He is the designer of MetaStock, a widely used technical analysis program. Achelis is an experienced investment analyst and trader with multiple publications and media appearances to his credit.
Overall Takeaway:
“Technical Analysis from A to Z, 2nd Edition” appears to be a valuable resource for traders of all levels seeking a detailed and practical guide to technical analysis and its various indicators. The book’s comprehensive nature, updated information, and focus on real-world application make it a potentially beneficial addition to any trader’s library.
Technical Analysis from A to Z: FAQ
What is “Technical Analysis from A to Z”?
“Technical Analysis from A to Z” is a comprehensive guide to technical analysis, a method used to forecast price movements in financial markets. This book, written by Steven B. Achelis, serves as a valuable resource for both novice and seasoned traders.
What topics does the book cover?
This book provides detailed explanations, interpretations, calculations, and real-world examples of over 135 technical indicators, covering a wide range of tools like the Absolute Breadth Index, Zig Zag, Arms Index, Dow Theory, and Elliott Wave Theory.
Why is this book considered valuable for traders?
With the increasing popularity of technical analysis in today’s financial markets, “Technical Analysis from A to Z” offers traders a comprehensive understanding of various technical indicators. This allows them to make more informed trading decisions based on historical market data and trends.
Who is the author, Steven B. Achelis?
Steven B. Achelis is a renowned figure in the world of technical analysis. He is the founder of Equis International, Inc., a company known for its investment analysis and portfolio management software. Notably, Achelis is the designer of MetaStock, a highly popular technical analysis program used globally.
What is the significance of the second edition?
The second edition of “Technical Analysis from A to Z” includes updates and revisions, with over 35 new indicators added to reflect the latest advancements in the field. This ensures readers have access to the most up-to-date information and techniques.
What format is the book available in?
“Technical Analysis from A to Z” is available in various formats to suit different preferences. Readers can choose from Kindle Edition, Hardcover, or Paperback.
Can the book be used for analyzing different financial markets?
Yes, the principles and indicators discussed in the book can be applied to various financial markets, including stocks, bonds, futures, and options. The concepts are universally relevant to understanding price movements.
Where can I purchase “Technical Analysis from A to Z”?
The book is readily available for purchase online through major retailers like Amazon. You can find both physical copies and the Kindle edition for immediate access.
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