The Technical Analysis Course [Hardback]
A Winning Program for Investors and Tradersby Thomas Meyers
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Description of The Technical Analysis CourseThis is the classic, comprehensive introduction to technical analysis, updated for today's wide-open trading arena. Previous editions of "The Technical Analysis Course: A Winning Program for Investors and Traders" were big hits with investors, providing precisely what they wanted: an easy to understand overview of technical analysis. In this third edition, author Thomas A. Meyers expands his scope while keeping the focus on technical analysis just as sharp.
Included in this edition are completely revised tables and charts plus new lessons on the true value of failed signals, Moving Average Convergence-Divergence (MACD), and Bollinger Bands. Meyers leads the reader through a personalized course of study on technical analysis techniques that provides the critical tools, materials, and plans necessary to buy, sell, and trade more profitably. Written in a clear, no-nonsense style, "The Technical Analysis Course" lays the foundation for investors to become expert technical analysts and smarter, more successful traders.
Technical analysis, long considered by many experts to be the single most reliable method of forecasting market trends and timing significant turns, is an instrumental analytical tool for seizing opportunities in the stock, bond, futures, and options markets. Accurate and unemotional, it is as close as one can get to a scientific approach to investing. Yet in today's turbulent markets, where decisions have become more complex and the overwhelming flood of information more difficult to assimilate, many investors lack a complete working knowledge of this powerful technique. 'The Technical Analysis Course, Third Edition", contains everything you need to know to incorporate the power of technical analysis into your own trading program.
You will learn how to: construct charts using classic tools of technical analysis, updated to take advantage of today's trading realities; identify profitable chart patterns, including reversals, consolidation formations, and gaps; utilize key analytical tools, including trendlines and channels, support and resistance, moving averages, relative strength analysis, and volume and open interest; advanced analysis, including a discussion of oscillators, relative strength index, stochastics, Moving Average Convergence-Divergence (MACD); and, Bollinger Bands is also presented, along with point and figure and Japanese candlestick charting. Author and market veteran Thomas A. Meyers concludes by presenting a weight-of-evidence approach to technical analysis illustrated with three comprehensive real market examples. The beauty of technical analysis is that it can be applied effectively to virtually any trading medium and investment time horizon. A technician can analyze stocks, bonds, options, mutual funds, commodities, and many other forms of investments for buy and sell opportunities.
And this can be done by examining tic-by-tic, intraday, daily, weekly, monthly, or any other time interval. Those 'in the know' on Wall Street realize that security prices do not move randomly; rather, they move in repetitive and identifiable patterns. Increasingly, knowledgeable investors are turning to technical analysis and using this information to gain a significant advantage over other investors. It has been proven time and time again that the markets move in trends readily discernible to the technical analyst. "The Technical Analysis Course" will train you to recognize these trends, act accordingly - and dramatically increase your day-in, day-out profit potential.
Press and Industry Reviews'If you are a neophyte in the markets or have a friend who is, this may be the book for you. It won't turn you into an overnight market wizard. You will, however, acquire an excellent grasp of market terminology and be a step ahead toward trading success and fortune.'
- Technical Analysis of Stocks ad Commodities
'If you believe that divergence analysis is something Freud cooked up to handle split personalities, then you have a lot to learn about technical trading. A simple introduction to this arcane but widely followed art is given in the book The Technical Analysis Course.'
- The Wall Street Journal
Praise for previous editions of "The Technical Analysis Course":
'If you are a neophyte in the markets or have a friend who is, this may be the book for you. It won't turn you into an overnight market wizard. You will, however, acquire an excellent grasp of market terminology and be a step ahead toward trading success and fortune'
- Technical Analysis of Stocks & Commodities
'A simple introduction to this ...widely followed art is given in the book "The Technical Analysis Course"'
- "The Wall Street Journal"
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About Thomas MeyersThomas A. Meyers is a recognized authority on using computers for investment research and analysis. Meyers has been quoted frequently by financial and business publications such as BusinessWeek, Investor's Business Daily, Forbes, and The New York Times. He is the author of more than 100 articles on the subject of investing and coauthor of the highly acclaimed Encyclopedia of Technical Market Indicators.
Contents of The Technical Analysis CourseHow to take this course
Lesson 1: The Philosophy of Technical Analysis
Lesson 2: Basic Chart Construction
Lesson 3: Major Reversal Chart Patterns
Lesson 4: Consolidation Formations
Lesson 5: Gaps
Key Analytical Tools
Lesson 6: Trendlines and Channels
Lesson 7: Support and Resistance
Lesson 8: Using Moving Averages
Lesson 9: Relative Strength Analysis
Lesson 10: Volume and Open Interest
Lesson 11: Oscillators
Lesson 12: Relative Strength Index
Lesson 13: Stochastics