Top 20 Best Technical Analysis Books

The Forex Exchange market is one the largest financial markets worldwide. According to the Bank for International Settlements, the daily volume Forex trade is well over $5trillion. There are many people looking to become successful stock traders. However, Forex trading courses are costly, making it hard for new traders to set foot in the Forex trading landscape.

Fortunately, there are lots of books on the market that teach you Forex trading strategies. One of the best ways of learning how to be a successful Forex trader is by buying the Best Technical Analysis books.

Technical analysis is essentially an investigation of cost and volume information on different stocks with an aim of trying to predict what the cost may do later.

Technical analysts believe that all the info on the market is already factors in the market prices of the stocks. The cost of stock is plotted on charts and is used to study the previous movement of prices to figure out future prices. Technical analysis is vital for both long term investors and short term trades to help them make a decision on future prices of the stocks.

One of the best ways to learn how to carry out complex technical analysis and interpretation of price charts is to purchase one of the Best Books on Technical Analysis. However, these books can vary in quality and thus it is crucial to choose the ones that are written by expert authors. Here are Top 20 Best Technical Analysis Books you can buy on the market today.

1. TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS

(A Comprehensive Guide to Trading Methods and Applications)

by John J. Murphy

TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS

John J. Murphy is one of the most popular technical analysts in the world. He has appeared on CNN, CNBC, Bloomberg and many other financial TV shows. His book, “Technical Analysis of the Financial Market is one of the most comprehensive eBooks of its kind. Unlike other technical analysis books that are too wordy, this eBook contains only the most relevant information to help you become a successful technical analysis.

John Murphy has tried his best to explain every minor concept for the beginners of the stock market. He teaches you the basic concepts of technical analysis and how you can apply them to futures and stock markets. The book covers all the essential topics you need to be able to objectively analyze stock charts. You will learn about the Rotation of Stocks, Inter-market Relationships, Japanese Candle Sticks and many other topics.

In addition to all these, John Murphy has focused on F and O markets too. He has explained how technical analysis is useful in the future market. Thus, if you are looking to perform Bitcoin Analysis or Technical Analysis of Financial Market, you’ll have all the tools you need to market an informed decision.

Best Takeaways of the Book

  • Covers lots of technical analysis concepts and their application in futures and stock marketers.
  • Covers the recent developments on computing technology, technical tools and indicators to keep you updated on the latest technical analysis techniques.
  • Covers all the basics of the technical analysis and it has lots of charts and graphs to illustrate the points, making ideal for beginner Forex Traders.
  • It is simply the most comprehensive book on the subject of technical analysis you can get.

2. TECHNICAL ANALYSIS EXPLAINED

by Martin J. Spring

TECHNICAL ANALYSIS EXPLAINED

This book is ideal for those who believe that technical analysis cannot work for financial markets. Martin Spring explains all the important you need to know about analysis of patterns, price action trading, charting and much more. The book explains everything about technical analysis from scratch, making it a perfect option for beginner traders in the market.

The book is divided into three parts: Trend Determining Techniques, Market Structure and Other Aspects of Market Analysis. Martin spends more than half of the book explaining the various methods of determining trends, including: trendlines, business cycles, price patterns, support and resistance zones as well as momentum indicators. One of the momentums indicator the author discusses is his own “Know Sure Thing, KST”.

In the Market Structure Section, the author covers topics, such as topics such as volume, time and price, all with an aim if identifying secular cycles and trends. He analyzes such phenomena as market breadth, seasonal patterns and sector rotational.

In the third section, the book covers Market Sentiment as a topic. Among the relationships and indicators that measure investor confidence are brokers as market leaders, high yield versus government bonds, relative action of consumer staples to the S and P, as well as regular and inflation protected bonds as a commodity barometer.

Other topics included in the third section of the book include, the technical analysis of international stock market, interest rates and automated trading systems. Martin Spring also introduces the Elliott Wave Theory in a brief appendix pricing.

Best Takeaways of the Book

  • Despite the wide breadth of knowledge, the book is very approachable and easy to understand for beginner traders.
  • The book covers ancillary topics, such as Market Mechanics and Trading Psychology that helps traders understand importance and application of technical analysis.
  • Contains exhaustive info covering all the core concepts of technical analysis.
  • The book is divided into three sections, each covering different technical analysis topics.

3. JAPANESE CANDLESTICK CHARTING TECHNIQUE, Second Edition

by Steve Nison

(A Contemporary Guide to the Ancient Investment Techniques of the Far East)

JAPANESE CANDLESTICK CHARTING TECHNIQUE

Steve Nison is one of the most popular technical analysts in Japanese. In his book, Japanese Candlestick Techniques, he provides a step by step guide on the theory and practice of the Japanese techniques of technical analysis. This makes the book an ideal option for those looking for expert knowledge on Equities Trading or Futures. The book is a one stop guide for both professional and beginner Technical Analysts.

The book acts as an introduction to Japanese Candlestick Charting methods. It also covers more advanced techniques that can be applied in nearly any financial market. The author includes lots of examples to illustrate each and every technique he discusses in the book.

The Japanese Candlestick Charting Technique has been used for many years in Japan. In fact, the Japanese charting analysis was used long before the western world was aware of how technical analysis works. The Steve Nison’s explains the history of Charting Analysis very nicely. This makes it one of the best technical analysis books on the market.

Best Takeaways of the Book

  • Provides voluminous info on Candlestick Charting, one of the mostly used technical analysis tools.
  • Ideal resource for traders looking to learn the Japanese Candlestick Charting technique from an expert.
  • The author includes explains of all the Candlestick patterns Forex traders can use today.

4. GETTING STARTED IN TECHNICAL ANALYSIS

by John Schwager

GETTING STARTED IN TECHNICAL ANALYSIS

Jack D. Schwager is a renowned hedge fund expert and futures. He graduated from Brooklyn College with a BA in Economics and later graduated with an MA in Economics in Brown University. With his extensive knowledge and experience in the hedge funds market and futures, Jack wrote the book, Getting Started in Technical Analysis with an aim of turning readers into an expert trader using technical analysis.

Technical analysis is a complex topic and it takes lots of your time to get the hang of it. The book teaches you how interpret chart patterns so as to correctly predict prices of a given security. Jack’s book aims to teach traders how to use technical analysis and invest better.

The book is a perfect option of beginner traders as it explains everything in right from the scratch. It covers the most important topics traders should know to trade successfully, such as price action trading, charting, analysis of patterns and much more.

Overall, “Getting Started in Technical Analysis” is a very good and interesting technical analysis book for both experienced and beginner readers. Thus, it easily falls on the list of the best books for technical analysis today.

Best Takeaways of the Book

  • It is ideal for beginner traders looking for the basic concepts of technical analysis.
  • Covers essential info on chart patterns and technical indicators to help beginners get started.
  • Readers learn how to accurately predict prices of a given security

5. TECHNICAL ANALYSIS FROM A TO Z

by Steve B. Achelis

TECHNICAL ANALYSIS FROM A TO Z

Steve B. Achelis is an expert financial trader and analyst. He founded the EQUIS International, Inc. , a company that specializes in offering all types of trading software, such as investment management, portfolio management and many more. The aim of Steve B. Achelis is to make financial trading easier.

His book, Technical Analysis from A to Z, Second Edition is specifically made for both beginner and experienced traders. It teaches all the basic concepts of technical analysis. The first half of the book is specifically meant for beginner traders. It introduces them to Forex trading with technical analysis by analyzing the most basic concepts and terms.

The second part of the part of the book targets experienced traders, who are already using technical analysis, but are looking to improve their trading skills. The book provides them a comprehensive explanation of all tools used in technical analysis.

In the book, Steve acknowledges that the number of people using technical analysis is small. He states that the primary reason of writing the book was to increase awareness of technical analysis and get more people to use it to trade profitably.

In addition to explain the basic concepts of technical analysis, the book also gives readers over 135 examples of technical indicators. It clearly explains each of the indicators and how they perform in real market conditions.

Overall, the book, Technical Analysis from A to Z, Second Edition is well written and provides valuable information for any new and budding trader looking to start trading with technical analysis like a professional.

Best Takeaways of the Book

  • Gives readers a detailed explanation of all technical tools.· Covers all the basic concepts and common terms of technical analysis, making ideal for beginner traders.
  • Provides over 135 examples to illustrate how to use different technical analysis techniques in real market conditions.

6. TECHNICAL ANALYSIS FOR DUMMIES

by Barbara Rockefeller

TECHNICAL ANALYSIS FOR DUMMIES

If you’re a beginner trader looking to learn technical analysis from scratch, Technical Analysis for Dummies is an ideal place to start. The author, Barbara, holds a BA in economics from Reed College and a Master’s degree in Economics from Columbia University. She is a trader, essayist, newsletter publisher and an international economist. With over 20 years in Fundamental analysis and technical analysis, Barbara’s books are guaranteed to turn you into a professional trader in a matter of months.

Her book, Technical Analysis for Dummies provides readers a step by step guide to identifying stock market trends and spot turning points so as to make real time decisions. The primary goal for the book is to help traders improve their portfolio performance through adequate knowledge of technical analysis.

The book breaks down the complex aspects of technical analysis into an easy to understand information for new traders. It also helps experienced traders refresh their memory on technical analysis. In addition to explain the various technical analysis concepts, the book showcases ways you can put them into practice and start making huge profits. It helps you learn how to interpret charts and other confusing jargons so you can be able to take winning trading positions.

Apart from teaching readers the basics of technical analysis, the book also teaches how to spot trends, differential between investing and active trading, connect customer behavior and what occurs on the charts. It also provides essential info on technical indicators as well as how to them. It also provides readers with expert proven tips for choosing the right timeframes and many more.

Best Takeaways of the Book

  • Ideal for beginner traders looking to get started with technical analysis.

  • Provides real time examples to help readers learn how to use the different technical analysis concepts in real market conditions.
  • In addition to learning the basics of technical analysis, readers also learn other vital trading strategies, such as how to spot trends, test technical indicators and choose the correct time frames.

7. HOW TO TRADE FOR A LIVING

by Andrew Aziz

HOW TO TRADE FOR A LIVING

How To Trade for a Living is another top rated technical analysis book worth buying. The author of the book is Andrew Aziz, a Chemical Engineer from University of British Columbia. Aziz had a PhD in chemical engineering but despite his qualifications, he decided to leave his career and study stock market. Since 2009 Aziz dedicated his future to learning modern day trading concepts and the journey ultimately led him to writing one the best technical analysis books on the market today.

Unlike other technical analysis books, Aziz’s book is short, well organize and easy to understand. The book only covers, six topics, which Aziz believes it all a beginner trader needs to get started. The six topics covered by the book include:

  1. Day Trading Strategies
  2. Timing

  3. Trading psychology
  4. Trading tools
  5. Money management
  6. Best brokers for day trading

Most traders love Aziz’s book as it enables them to accomplish their set trading goals, regardless of the strategy they adopt. The book explains the importance of implementing technical analysis across numerous timeframes so as to quickly identify trades that have the highest possibility of success.

Whether you are a beginner or experienced trader, you will certainly love reading this technical analysis book. It will not only help you improve your trading skills, but also enhance your chances of becoming a successful trading.

Best Takeaways of the Book

  • The author clearly describes the fundamentals of day trading. He explains the difference between day trading and other styles of trading and investment.

  • The book has six topics that are easy to read and implement.
  • It is ideal for beginner traders looking to get started with their trading. The author elaborates all important trading strategies that many successful traders use every day.
  • The covers all the essentials you need to become successful in day trading. Aziz emphasizes the importance of having the right trading tools, being motivated and working hard.

8. Charting and Technical Analysis

by Fred McAllen

Charting and Technical Analysis

Fred McAllen’s book, Charting and Technical Analysis is one the best technical analysis books on the market. The book teaches you how to analyze stocks, options, Forex markets and mutual funds. What makes this book different from other technical analysis books is the author’s in depth focus on who is selling and who is buying.

The author does not just spotlight charts with 20/20 hindsight perspectives about the best buying and selling points. He goes further to explain how to identify when bottoms and tops are forming. According to Fred McAllen, the main goal of the book is to empower traders with knowledge on how to make more informed trading decisions with technical analysis.

The Charting and Technical Analysis book is a valuable resource whether you are an active trader or if you just want to know how to invest in mutual funds. The book covers all the tricks and tactics successful salespersons and financial advisors use to earn commission from mutual funds.

You will also learn how gaining more knowledge on the concepts of technical analysis can be a money saver. If you are having problems deciphering and analyzing stock charts, the Fred McAllen’s book will prove to be a valuable resource.

Best Takeaways of the Book

  • The book provides an in depth analysis of all the basic technical analysis concepts. It teaches you to focus on who is buying and who is selling so you can make profitable trading decisions.
  • Readers learn how to decipher and analyze stock market charts so they can make real marketing decisions on their own.
  • Readers learn how they successfully invest in mutual funds.

9. TECHNICAL ANALYSIS SECOND EDITION

(The Complete Resource for Financial Market Technicians)

by Julie Dahlquist and Charles D. Kirkpatrick II

TECHNICAL ANALYSIS SECOND EDITION

As the name suggests, Technical Analysis is a book that covers theory and practical application of technical analysis. It was written by Julie R. Dahlquist and Charles D. Kirkpatrick II. The authors wrote the book with an intention of making it easy for beginner traders to use technical analysis when making investment decisions.

The book covers crucial technical analysis topics, including flow of funds, tested sentiment, risk prevention strategies, seasonal effects and momentum indicators. The authors provide illustrations and hands-on examples on each of the above technical analysis concepts. This makes the book a valuable resource for both beginner and experienced traders.

According to the authors, the books helps traders remain up to date by combing advanced technical analysis concepts, such as pattern recognition and market analysis with experimental indicators, such as Renko, Clouds, Kagi, Ichimoku and other innovative ways of choosing the right portfolios.

The authors combine academic and practical approaches to teach traders the basic technical analysis concepts. This explains why it is an important resource for experienced traders looking to improve their trading skills and beginner traders who have are interested in learning technical analysis from scratch.

Best Takeaways of the Book

  • Combines academic and practical approaches to teach traders how to accurate use technical analysis in their trading.
  • Provides an in-depth knowledge of technical analysis, making it an ideal resource for both beginner and experienced traders.
  • The authors use hands-on examples and vivid illustrations to explain different trading concepts.

10. TECHNICAL ANALYSIS FOR THE TRADING PROFESSIONAL

by Constance M. Brown

TECHNICAL ANALYSIS FOR THE TRADING PROFESSIONAL

Technical Analysis for Trading Professionals is a valuable resource for traders and academics looking for hands-on info on technical analysis. It is a great book for professional traders searching the internet to find good analytics tools to help them get high ROI on their trading quickly, especially in a volatile market. The author of the book, Constance M. Brown has been an institutional trader and finance manager for more than 10 years.

In the book, Constance tries to remove the notion that technical indicators fail. She discusses the best strategies experienced traders can use to improve their traditional technical analysis. According Constance, technical indicators fail because traders are not doing much to improve them.

In addition, the book covers new technical analysis methods that modern traders can use. Some of these include evergreen tools and insights that stock analysts use to remain on top of the global financial market.

Best Takeaways of the Book

  • Clear and detailed explanation of the cycle analysis and their features.
  • In depth analysis of new technical analysis techniques for modern traders.
  • An explanation on how to calculate swing projections, Fibonacci retracements.
  • A more in depth guideline on how to use composite index.

11. MASTERING TECHNICAL ANALYSIS

by Michael C. Thomsett

MASTERING TECHNICAL ANALYSIS

Mastering Technical Analysis helps both beginner and experienced traders understand the concepts of technical analysis. It teaches them how to interpret technical indicators and implement the information they gather. The author of the book, Michael C. Thomasett has written other 75 financial books.

In the first few chapters, the book introduces the concept of technical analysis to beginner traders. It teaches them the ins and outs of the investing cycle, provides them tip on how to interpret stock charts, and gives them a detailed explanation risk management in the financial market.

Best Takeaways of the Book

  • Perfect for beginner traders looking to get started with their Forex trading.
  • In depth analysis of the basic technical analysis concepts.

12. TECHNICAL ANALYSIS OF STOCK TRENDS

by Robert D. Edwards and John Magee

TECHNICAL ANALYSIS OF STOCK TRENDS

The Book, Technical Analysis of Stock Trends, is a must read resource for traders looking to use the concepts of technical analysis in their trading. The book covers all the essentials of technical analysis including chart pattern, technical indicators, timing and much more. Readers are also introduced to the Dow Theory and taught how it can be replaced with a more feasible option.

The book also covers the topic of Leverage Space Portfolio Model and the Pragmatic Portfolio Theory and other key technical analysis concepts. According to the authors, the book is a valuable resource for both beginner and experienced traders.

Best Takeaways of the Book

  • Covers the key technical analysis concepts, such as the Pragmatic Portfolio Theory and Leverage Space Portfolio model.
  • Provides detailed analysis of chart patterns.

13. TECHNICAL ANALYSIS USING MULTIPLE TIMEFRAMES

by Brian Shannon

TECHNICAL ANALYSIS USING MULTIPLE TIMEFRAMES

The Book, Technical Analysis Using Multiple Timeframes is a must read book for both new and experienced traders looking to expound their knowledge on technical analysis. Traders will certainly love this book as it teaches them how to emerge successful regardless of the strategy they adopt.

The book clearly discusses the importance of implementing technical analysis in different timeframes so as to identify trades that have the highest chances of successes. In addition, the book covers topics, such as Stop Loss Order Placement, Price Target Identification and Short Selling to equip traders with the most advanced trading strategies.

Best Takeaways of the Book

  • Teaches traders how to implement technical analysis in different timeframes so as to identify trades that have the highest chances of successes.
  • Covers other vital technical trading techniques, such as short selling, price target identification and much more.
  • Ideal for experienced, budding and beginner traders

14. GETTING STARTED IN CHART PATTERNS

by Thomas Bulkowski

GETTING STARTED IN CHART PATTERNS

This technical analysis book is ideal for intermediate traders. The book contains anecdotal stories that are entertaining to read. The stories teach you how to remember and stick to different technical analysis concepts.

The author also includes a section that teaches you how to use and read simple trade charts and informs you the right time to use them. The book retails at a very affordable price when compared to most of the technical books we have covered above.

Best Takeaways of the Book

  • Covers lots of anecdotal stories to help traders grasp multiple technical analysis concept and use them in their day to day trading
  • Teaches traders how and when to use stock charts

15. Developing Profitable Trading Strategies

by Patrick Grattan

Developing Profitable Trading Strategies

This book contains lots of valuable information for stock traders. In addition, to teaching readers different technical analysis strategies, it provides them with valuable tips for developing trading strategies and testing them. This helps traders to avoid making losses due to poor decision making.Patrick teaches you how to test your own technical analysis strategies and determine which are working and making you money.

Best Takeaways of the Book

  • Give readers valuable tips for developing trading strategies and testing them
  • Teaches you how to choose the best technical analysis strategies

16 . The Art and Science of Technical Analysis

by Adam Grimes

The Art and Science of Technical Analysis

If you have some cash to invest in training, this is the book for you. The author of the book is Adam Grimes, the current CEO Waverly Financial Advisors. The book provides an in depth information about technical analysis. It teaches them how to implement various technical analysis strategies and make profitable trading decisions. The book may be a little complex at first and requires time and patience to under what the author has to offer.

Best Takeaways of the Book

  • Provides readers with in depth information on technical analysis. It is ideal for professional traders looking to expound their trading skills.

17. The Handbook of Technical Analysis

by Mark Andrew Lim

The Handbook of Technical Analysis

This is a great technical analysis book that retails at a considerably higher cost. According to the author, the book is ideal for students studying for their financial technical analysis certifications. It is ideal for beginner traders as it is specifically written to help student pass their certification examination.

Best Takeaways of the Book

  • Covers all the core topics you need to pass your Financial technical analysis certification.
  • Ideal for beginner traders looking to get started with using technical analysis in their trading

18. Encyclopedia of Chart Patters

by Thomas N. Bulkowski

Encyclopedia of Chart Patters

This may be one of the best technical books depending on what you want to learn about technical analysis. The author introduces you to the concept of technical analysis and teaches you how to read and interpret chart patterns. The book is full of incredible chart patterns used by professionals to know when to sell or buy stocks.

Best Takeaways of the Book

  • Contains hundreds of chart patterns to help you know how to read and interpret them. This will help you make the right trading decisions in real marketing enviroements.

19. Momentum Masters

by Mark Minervini

Momentum Masters

According to Mark, technical analysis is not all about charts. The book takes a different approach and discusses one particular types of technical analysis: momentum analysis. The author provides readers with a clear explanation of momentum analysis and how they can use the concept to make profitable trading decisions.

Best Takeaways of the Book

  • Discusses a unique technical analysis technique, momentum analysis in details and teaches traders how to use the strategy to make profitable trading decisions.

20. Charting Financial Markets

by Michael Kahn

(A practical Guide to Technical Analysis for Investors)

Charting Financial Markets

The book is a great resource for traders looking for a professional guide to charting in financial markets. The author introduces the concept of technical analysis and then provides in depth info on charting.

  • He teaches traders how to read and interpret charts in any financial market.

Top 20 Best Technical Analysis Books Infographics

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About Me

I'm Mike Semlitsch the inventor of the PerfectTrendSystem. I'm in the trading business since 2007. Helping other traders to succeed in trading is my passion. The PerfectTrendSystem is the result of more than 30,000 hours of hard work. Connect With Me:  

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