Books or websits on technical trading

[treble1055]

Anyone know any books or good websites on technical trading? Ive always been good at realizing patterns so figured I would be better off trading using charts.

Thanks in advance

[Doodman]

Try Entries & Exits: Visits to 16 Trading Rooms (Wiley Trading)

You can also try out the chat room on this website. The first month is only 10$ and you'll learn much more than what a book will teach you.

[madcowdisease]

If you're interested in short term to intermediate term trading, or basically anything other than buy-and-hold long-term investing, then I would recommend turning to the MTA (Market Technicians Association). The MTA sponsors the Chartered Market Technican designation (CMT) which is becoming the global standard for professional technical analysts and qualifies the charter holder for exemption from the FINRA Series 86 exam. Progressing toward the CMT charter requires sufficient work experience in the field as well as completion of three administered exams. The curriculum for these exams is based on a library of information that covers the full gamut of technical analysis from the historical origin of the discipline rooted in Dow Theory to basic and advanced indicators and tools on to automated systems and programming. The curriculum list can be found on the MTA's website here:

http://www.mta.org/eweb/DynamicPage.aspx?webcode=cmt-recommended-reading

If you wish to acquire the books I'd strongly encourage going through the following reputable and secure vendor at the link below. The books are offered at a discount and shipping is cheap and fast out of South Bend, Indiana.

http://www.invest-store.com/mta/


If you are low on funds and are looking for just a couple to get you started I would recommend the following as must owns for the committed trader:

Technical Analysis : The Complete Resource for Financial Market Technicians
By: Kirkpatrick, Charles D.; Dahlquist, Julie R.

Japanese Candlestick Charting Techniques, 2nd Edition
By: Nison, Steve; Nison, Nison


PS: you may also be interested in the MTA's Knowledge Base which is a free repository of information regarding technical analysis. It should be enough to whet your appetite but I would still recommend the books included in the CMT curriculum if you are serious about making trading a critical component of your financial endeavors.

http://knowledgebase.mta.org/



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[treble1055]

Thanks a lot madcowdisease, some really good advice. I've been searching for some books along the lines of technical trading and I really like all the posted. The MTA courses seem like a great idea, but I have to be sure that the time is available before I start.

Once again, thanks a lot.

[madcowdisease]

Thanks a lot madcowdisease, some really good advice. I've been searching for some books along the lines of technical trading and I really like all the posted. The MTA courses seem like a great idea, but I have to be sure that the time is available before I start.

Once again, thanks a lot.

Even if you don't opt for enrolling in the program I'd recommend using their vendor for your books to get the discount. As I mentioned they're fast shippers and the prices are right for unused texts (e.g. only your highlights and notes in the margin).

[alvyeo]

The book: Japanese Candlestick Charting Techniques, Steve Nison
is a great book to start with.

In the book, it describes a combination of technical analysis using Candlestick chart and western style such as: moving averages, support, resistance and etc.

Hope it helps.

[madcowdisease]

Futures Magazine is running a sale on quite a few titles. Happy hunting.

http://www.invest-store.com/futuresmag/tl060112.html