Technical Analysis of the Financial Markets by John J. Murphy
If you are serious about technical analysis, this is the one book you must have. But don’t take my word for it: this book is one of the two required texts for the level 1 exam administered by the Market Technicians Association for its Chartered Market Technician certification (the other is Technical Analysis Explained by Martin Pring).
It’s all here: chart basics, support and resistance, trend identification, reversal and continuation patterns, moving averages and other indicators, discussions of money management and trading ideas. Granted, this is a big book and is quite textbook-like, but the material is presented in an easy-to-understand manner (and of course, there are many pictures…I mean, charts!).
Get this book for your investing library – it may very well be the only technical analysis book you’ll ever need!
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