Introduction
Knowing, understanding and leveraging chart patterns is a major strategy in the world of trading for every successful trader. For beginners and experienced traders alike, an exhaustive trading chart patterns book is worth its weight in gold as far as mastering the art of analyzing chart patterns is concerned. To facilitate your search, we have come up with a compilation of the best trading chart pattern books available, complete with summaries and their locations.
Introduction to Trading Chart Patterns
Before we get into the books, it is important to understand what chart patterns are all about. They are graphical presentations of price movements within a specified period. Traders use them to forecast future price moves and therefore make informed trades. A good book on chart patterns will not just introduce you to various chart formations but also teach you ways and means on how they can practically be applied in actual daily trade situations.
Also Check Out TradingBuddy Chart Pattern and Candlestick Pattern Book Combo
1. Getting Started in Technical Analysis by Jack Schwager
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This amazing book on trading chart patterns is an excellent base for beginners. It entails every major aspect of technical analysis ranging from chart patterns to technical indicators. The book covers the selection of entry and exit points, how to develop a trading system, and making a successful trading plan. For any trader to succeed, all these aspects are necessary and Schwager’s book encapsulates all this knowledge in one guide.
“This book is a must-have for your trading library due to its depth in explaining how to approach chart patterns.” - Online Review
2. Technical Analysis Explained by Martin Pring
This book is often called the “Bible” of technical analysis, and it provides so much information on essential concepts. The book also addresses certain peripheral themes such as trading psychology and market mechanics. The book can still be understood by beginners despite its vastness in terms of ground covered.
“If you’re just about to get into technical analysis, this is where you should begin.”
3. Technical Analysis of the Financial Markets by John Murphy
The John Murphy authored book is a comprehensive guide to technical analysis. It has great detail and actionable ideas that make it useful for both beginners and experienced traders. Also, Murphy, once an analyst of CNBC; he is a master at presenting difficult subjects in simple terms.
“Great guide to the world of technical analysis. You must read!” – Online Review
4. How to Make Money in Stocks by William O'Neil
Written by the man who founded Investor's Business Daily, this book is considered to be a classic work of technical analysis. O'Neil researched the book by studying stock price movements over one hundred years. He suggests various technical strategies and tips for managing risk, as well as how to time entry and exit points.
“Readers seeking genuine trading insight should add this title to their library.” - Online Review
5. Japanese Candlestick Charting Techniques by Steve Nison
Candlestick charting is a commonly used technique in technical analysis, and Nison’s book has been recognized as a definitive guide on it. It explains everything about candlesticks that traders use today.
“This book is an excellent explanation of why markets act like they do.” – Online Review
6. Encyclopedia of Chart Patterns by Thomas Bulkowski
This trading patterns book is a complete list of chart patterns together with their statistical performance in forecasting future price movements. From event trading to news releases, the updated version covers eve related issue.
“Bulkowski’s Encyclopedia of Chart Patterns is regarded as a classic and must read.” - Online Review
7. Technical Analysis Using Multiple Timeframes by Brian Shannon
This book presents examples of how 1- 2- 3 pattern can be used across time frames to identify high probability trades. Another area covered within this publication includes shortselling which is discussed alongside stop-loss order placement, target pricing identification among others.
“I loved this practical guide! I would definitely recommend it!” – Online Review
8. Getting Started in Chart Patterns, 2nd Edition by Thomas Bulkowski
It also provides expert insights into these trading chart patterns books and offers practical advice for reading them. Forty key formations are introduced here along with several tactics associated with each one while real trades are highlighted using dollar figures making it an honest view on how trading activity affects profits.
“If you want to understand technical charts better, then Getting Started in Chart Patterns by Bulkowski ranked amongst the best.” - Online review
9. Chart Patterns: After the Buy by Thomas Bulkowski
Bulkowski’s Trading Chart Patterns goes beyond mere identification of simple chart patterns to show what happens next in a given situation. His research conclusions have been presented here in detail so that readers could select more profitable buy signals, avoid pitfalls and thus, increase their income.
“Overall, this book is a must-have reference on chart patterns across all stages in the life cycle of the trade.” – Online Review
Conclusion
Good trading involves understanding and applying chart patterns. These trading chart patterns books are packed with professional insights and practical tips for people who have just started investing as well as seasoned investors. Whether you are an inexperienced trader or a veteran looking to improve your skills, these publications will equip you with basic knowledge that can guide you when making better trading decisions. If you prefer reading online, then consider a trading chart patterns book pdf. So get yourself copies of these books and start your journey towards becoming an expert in chart patterns.
All books are available on Amazon, where you can purchase them.
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