Insider’s Picks: Top 7 Books for Technical Analysis of Stock Market

The Knowledge Archive – 7 Books for Technical Analysis To Learn Stock Market

Nowadays, everyone is talking about growing money through investing. Some might say “investing is like is gambling your money” and it’s true! Without technical knowledge of the stock market,  it can feel like tossing coins at the market. Blindly following tips and hunches is only a recipe for financial heartburn. But when you equip yourself with the technical concepts, you ace the game where you place your “pieces” (trades) based on calculated moves, not lucky guesses.

You can either learn technical intricacies of the stock market with expert-curated best courses in the market. But if you connect with books over classroom-learning, we have reviewed and shortlisted 7 books for technical analysis that offer a deep understanding of how the stock market works. 

7 Books for Technical Analysis

“Don’t Lose” written by Benjamin Graham is one of the best advised books for the investor to avoid losses. Without wasting any time, let’s jump right into the list of books for technical analysis that contain stock market technicalities.  

Getting Started in Technical Analysis – Jack Schwager

• Written By: Jack Schwager
• Overview: For all the newbies in the stock market, Jack Schwager’s “Getting Started in Technical Analysis” is your go-to guide. He simplifies complex technical concepts for beginners. It covers technical indicators and chart patterns, preparing the traders on how to select best entry and exit points, craft a trading plan, and develop a trading system. 
• Why It’s a Must-Read: Schwager’s has broken down complex topics into simplest form, making technical analysis accessible, even for those stepping into the market for the first time.

Trading in The Zone

• Written By: Mark Douglas
• Overview: One amongst the best books for technical analysis gives a detailed view in the mind of a trader. It explores the psychological aspects of trading, guiding you through the mental game. It burst the bubble of market myths and educates on market risk, boosting your confidence on how to stay cool under market pressure.
• Why It’s a Must-Read: Trading psychology is often overlooked and holds major significance in the trading world. Mark Douglas simplifies complex concepts, making them accessible for traders at all levels.

Japanese Candlestick Charting Techniques – Steve Nixon

• Written By: Steve Nixon
• Overview: Nixon explains the Japanese candlestick pattern which is one of the mostly used technical analysis methods. This book gives a visual approach to understanding market trends through candlestick charts.
• Why It’s a Must-Read: Nixon’s book transforms the commonly complex world of market and creates a more visual narrative, helping traders decode and act upon market trends.

How to Make Money in Stocks – William O’Neil

• Written By: William O’Neil
• Overview: The book spills the beans on finding stocks with high potential for significant returns. It is considered a classic work on technical analysis. The book offers a game plan for choosing stocks wisely and making profitable moves in the stock market.
• Why It’s a Must-Read: O’Neil studied stock price movements of over 100 years, it helps control the risk and identify best entry and exit points.

Technical Analysis of Stock Trends – Robert D. Edwards & W.H.C. Bassetti

• Written By: Robert D. Edwards & W.H.C. Bassetti
• Overview: The book shows the journey through the world of stock trends with “Technical Analysis of Stock Trends” by Edwards and Bassetti. This book dives into the historical significance of trends in stock analysis.
• Why It’s a Must-Read: Understanding trends is key in stock analysis, and Edwards and Bassetti guide readers through spotting trends and leveraging historical data for market insights.

Technical Analysis from A to Z – Steven B. Achelis

• Written By: Steven B. Achelis
• Overview: The book offers an overview, evaluation, and mathematical calculations for over 70 different technical indicators. Each aspect shows how the indicator and technical analysis works in real markets. 
• Why It’s a Must-Read: It is a staple for readers who are seeking a deep understanding of technical analysis. This book also gives a user-friendly guide to the intricate world of market analysis.

Technical Analysis of the Financial Markets – John J. Murphy

• Written By: John J. Murphy
• Overview: Also considered as a cornerstone in technical analysis, the book covers the essentials of market analysis comprehensively.
• Why It’s a Must-Read: It is a go-to guide for serious learners which offers in-depth insights on technical analysis. If you’re a novice trader who wants to learn about the technicalities of the stock market, this book is for you. 

3 Courses of Technical Analysis

They say books are a man’s best friend. But the learning preferences of every person vary. If books leave you feeling like Ishaan Awasthi from “Taare Zameen Par,” remember – you’re not alone! Learn chart patterns, read market whispers, and paint your financial future from best stock market courses, curated for you, all without a single textbook:

Trading in the Zone Course- Technical Analysis by Get Together Finance (GTF): 

Explore the “Trading in the Zone Course – Technical Analysis” offered by Get Together Finance (GTF) – one of India’s leading, ISO-certified stock market institutes. The course is especially curated by experts to empower students in learning trading with technical analysis. Based on “Big Bull’s Approach”, the course expands on demand-supply dynamics and unravels the trickiest stock market information in the simplest way. Making it economically accessible for the average person, GTF has introduced 10 free sessions of “Trading in the Zone – Elementary” on YouTube and the GTF app. 

Technical Analysis by CA Rachna Ranade: 

One of the famous finfluencer and coach, Rachana Ranade is a wise guru, revealing even the most complex finance secrets in the simplest way. She offers a variety of stock market technical analysis courses on analyzing candlestick charts, price movement study, and more. 

Multi-Asset Trading Mentorship Program by E-Learn Market: 

E-Learn market is one of the leading premier institutions of stock market geeks. The Multi-Asset Trading Mentorship Program stands out as one of the most enrolled and sought-after courses, focusing on technical analysis. It is curated by the top 5 trading experts of the E-Learn Market. 

Also Read: Understanding the Benefits of Holding Stocks for the Long Term

Why Will This Help?

This book archive is curated by Kamakhya Asha Swami, a seasoned writer and has thoroughly soaked in all the reviews of books available on the internet (The Bad Ones Too). In the quest for the finest books for technical analysis, Ms. Swami has examined recommendations from reliable sources like Financial Review Board members and delved into readers’ reviews. The blog undergoes a meticulous review and fact-checking process by Arun Singh Tanwar, an expert trader and instructor known for discovering the groundbreaking “Demand-Supply Theory,” which has brought revolutionary changes to the world of finance. He dedicated years studying the market and holds a passion for reading like a bookworm. 

Writer’s Takeaway

Whether you are a visual or auditory person, learning is crucial before jumping into the stock world. The idea of a shortcut to wealth can be really tempting, but investing where your expertise lies is important. Whether you’re a slow or quick learner – the more you practice, the better. It’s important to be patient and arm yourself with a strategic trading setup. In the stock market, they say the one with more patience and a strategic approach reaps the benefits. Therefore, research, consistent practice, and patience is the only key to get the best out of the stock market, and not letting it get the best of you.

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