Technical Analysis Plain and Simple: Charting the Markets in Your Language Book

Pssst...fancy seeing a rounded bottom? Then technical analysis is for you. Technical analysis sounds an awful name for any subject, and it is, but it gets a bit sexier when you know it is a means to make money in the markets. TA is growing in popularity among online and traditional traders as a means of generating short-term stock trading ideas. Unlike fundamental analysis which involves examining a company's accounts, P/E ratios and the like, the technical analyst is more concerned with price charts and other graphical indicators. TA is a lot easier, quicker and more profitable for short-term (up to three-month) stock ideas than fundamental analysis; not so boring now, eh?Technical Analysis Plain & Simpleis one of the best introductory guides to the subject of how to use technical analysis to generate trading ideas. It does exactly what it promises on the cover. It keeps the subject "plain and simple" but never superficial. As Kahn explains "this isn't brain surgery". All the essential key topics are covered: price charts, patterns and indicators, including the rounded bottom, and indeed a few rounded tops too. However, that would be a given. What takes a trading book further is how practical it is and whether it can be used to make money. The answer here is a definite yes. Reassuringly, Kahn even has a chapter entitled "Technical Analysis in the Real World" giving the book more of a practical cutting edge than even the classic Technical Analysis Explained by Martin Pring, the Lord of Technical Analysis.Kahn has a sense of humour too and his writing style is conversational, engaging the reader and chatting to him (or her) rather than lecturing. Beyond that, he asks and answers the important questions so often neglected by academic technical analysts: is this a good trade? What makes a stock look good? Should you even be playing the game?Don't let the "Plain and Simple" series title mislead you. Technical Analysis Plain and Simpleis for beginners, but it will also make an essential refresher and reference tool for the more advanced technical analyst. --Alpesh PatelRead More