Best Technical Analysis Explained, Fifth Edition: The Successful Investor's Guide to Spotting Investment Trends and Turning Points By Martin J. Pring

Best Technical Analysis Explained, Fifth Edition: The Successful Investor's Guide to Spotting Investment Trends and Turning Points By Martin J. Pring

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Technical Analysis Explained, Fifth Edition: The Successful Investor's Guide to Spotting Investment Trends and Turning Points-Martin J. Pring

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Ebook About
The guide technicians turn to for answers--tuned up to provide an advantage in today's global economy The face of investing has significantly changed in the 30 years since this book's first publication, but one essential component of the markets has not--human behavior. Whether you're trading cornerstone commodities or innovative investment products, observing how investors responded to past events through technical analysis is your key to forecasting when to buy and sell in the future. This fully updated fifth edition shows you how to maximize your profits in today's complex markets by tailoring your application of this powerful tool. Tens of thousands of individual and professional investors have used the guidance in this book to grow their wealth by understanding, interpreting, and forecasting significant moves in both individual stocks and entire markets. This new edition streamlines its time-honored, profit-driven approach, while updating every chapter with new examples, tables, charts, and comments that reflect the real-world situations you encounter in everyday trading. Required reading among many professionals, this authoritative resource now features: Brand-new chapters that analyze and explain secular trends with unique technical indicators that measure investor confidence, as well as an introduction to Pring's new Special K indicator Expanded coverage on the profit-making opportunities ETFs create in international markets, sectors, and commodities Practical advice for avoiding false, contratrend signals that may arise in short-term time spans Additional material on price patterns, candlestick charts, relative strength, momentum, sentiment indicators, and global stock markets Properly reading and balancing the variety of indicators used in technical analysis is an art, and no other book better illustrates the repeatable steps you need to take to master it. When used with patience and discipline, Technical Analysis Explained, Fifth Edition, will make you a better decision maker and increase your chances of greater profits.

Book Technical Analysis Explained, Fifth Edition: The Successful Investor's Guide to Spotting Investment Trends and Turning Points Review :



Currently on chapter 4 and already finding lots of problems.This book proposes theoretical concepts with easy/idolized sketches to illustrate each concept. Unfortunately, the verification of the presented theory by real market examples shows poor agreement when critically evaluated. To restate, the "proof" of trend behavior seems cherry picked and inconsistent between figures.Furthermore, the book seems to be full of typos. In chapter 2, the figure numbers in the text do not match the actual figures being described. Upon doing a critical comparison of charts 2.3-2.5 to the presented theory in the chapter, I hardly find justification for the asserted trends proposed from the data. The figures also have no legends or descriptive captions to explain the use of dashed or solid arrows. In chart 3.1 (a rare example of a figure with a legend) the legend is a typo.I've come to the conclusion that if you leisurely read this book and accept the "trends" without critical evaluation, you will believe you are being given valuable knowledge. If you attempt to study the chapters you will find it's bologna.As stated above, I'm far from finishing the book. This review will be updated as I continue, if I find it necessary. Though, if this pattern continues, I will likely cut my losses and just throw the book away..
The book does a nice job of covering the topics and gives some very sound explanations of the concepts. I would recommend the book to anyone interested in technical analysis. It is not perfect, but I think its among the best I have read. My only real complaint is that the book is physically badly made. Its too thick and has a rigid spine, so I was literally breaking the spine to open the pages completely and the paper is cheap and translucent, so highlighting just makes a mess of the other side of the page. Publisher knew better than to produce this way. That aside, the info is great. I recommend the book.

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