Martin Pring's Introduction to Technical Analysis [Paperback]
A CD-ROM Seminar and Workbookby Martin Pring
In stock, usually dispatched within 24 hours
Description of Martin Pring's Introduction to Technical AnalysisThis is a basic interactive guide to technical analysis - from one of the world's leading experts. Technical analysis is the art of identifying market turning points at a relatively early stage. For the savvy investor or trader who identifies these changes and acts accordingly, the rewards can be enormous. Listen and watch as this unique entry-level guide explains and demonstrates the tools used by one of the world's foremost technical analysts to evaluate emerging trends before they become apparent to the crowd.
Using its effective interactive CD-ROM/workbook format, you'll learn how to: interpret charts of futures, stocks markets, and options and identify key support and resistance levels; master the basic concepts of momentum and understand its effect on price; apply the theory with a common sense set of trading strategies; use price and volume patterns to identify breakouts; analyze peaks and troughs that can signal a change in the prevailing trend; interpret moving averages and analyze their impact; and, use state-of-the-art techniques such as candlestick charting to determine trends and reversal patterns.
You'll also receive savvy advice on when to buy, when to take profits, and how to deal with false breakouts.You'll develop your technical analysis skills with more than eight hours of CD tutorial, including video, animated diagrams, and extremely realistic movies, including videos. Then you can test yourself by trying the interactive quiz that comes at the end of each chapter. It's the definitive guide to one of today's hottest and most profitable investment tools, and a must for every investor, analyst, and trader.
Press and Industry Reviews"This is a great book for the beginners. it explains in a simple language and easy flow and maintains the interests of the novice. I would recommend this book, it is a small investment, for making analysis before buying stocks."
- H. Garcha, Baton Rouge, LA
"I found the book to be very informative, and I have just applied some of the chart analysis to get out of some positions in the NASDAQ. You have saved me over $5,000 last week!"
- Jeff Chang
"This is the best thing out there. To have it on your computer is the ultimate."
- S. Gallas, Florida
"The difference between a book and a CD tutorial is amazing! On the CD, the concepts really click."
- Bruce Harlow, Hawaii
"The CD/book on Intro to Technical Analysis presents the subject matter better than anything else I've seen (my 3rd book on TA). It is presented in a manner that is applicable immediately. Martin's analogies clarifies what can be complicated concepts. Two thumbs up... "
- Sam in Hawaii
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Contents of Martin Pring's Introduction to Technical AnalysisPART ONE. BASIC CONCEPTS
1. BASIC PRINCIPLES
Some Ground Rules
What Is Technical Analysis?
Methods of Plotting Charts
Methods of Scaling Charts
2. THE MARKET CYCLE MODEL AND BASIC TREND IDENTIFICATION
Different Types of Trends
The Market Cycle Model
How Significant Is the Reversal?
3. SUPPORT AND RESISTANCE
PART TWO. TREND INDICATORS
4. PRICE PATTERNS
Four Basic Principles of Pattern Interpretation
Confirmation of a Valid Breakout
Double Tops and Bottoms
5. THE UPS AND DOWNS OF TREND LINES
Significance of Trendlines
Corrective Fan Principle
Logarithmic Versus Arithmetic Scale
6. PRICE PATTERNS FOR TRADERS
Saucers and Rounding Tops
Key Reversal Days
7. MOVING AVERAGES
Simple Moving Averages
Rules of Interpretation
Envelopes and Bollinger Bands
PART THREE. ADVANCED TECHNIQUES
8. PRINCIPLES OF MOMENTUM
Overbought and Oversold
A Useful Tip
The Importance of Time Frames
How to Tell the Significance of a Divergence
Divergences Must Be Confirmed by Price
Price Pattern Completion
Moving Averages and Momentum Indicators
9. KEY MOMENTUM INDICATORS
Rate of Change
Overbought and Oversold Levels
Interpreting the RSI
Moving-Average Convergence Divergence (MACD)
10. HOW TO MAKE VOLUME WORK FOR YOU
Principles of Volume interpretation
11. INTRODUCTION TO CANDLESTICK CHARTING
Basics of Candle Construction
Hammers and Hanging Men
Dark Cloud Cover and the Piercing Line
More on Dojis
Upside Gap Two Crows
Upside and Downside Gaps
Rising-Three and Falling-Three Methods
12. SOME QUICK TIPS ON PRACTICAL TRADING TACTICS
Good Places to Enter Positions
Good Places to Take Profits or Cut Losses
How to Deal with False Breakouts
Installation, Technical Support, and FAQs
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