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9 recommended books for advanced Forex trading technical analysis
Source: | Author:finance-102 | Date2023-02-08 | 307 Views | Share:
Here are 9 recommended books for advanced Forex trading technical analysis:
  1. Technical Analysis of the Financial Markets -- by John J. Murphy is a comprehensive guide to technical analysis that covers the basics as well as advanced concepts. It explains the principles of chart analysis and the use of various technical indicators in Forex trading. The book is written in a clear and concise manner, making it easy to understand for traders at all levels of experience.


  2. Trading with Intermarket Analysis -- A Visual Approach to Beating the Financial Markets Using Exchange-Traded Funds" by Louis B. Mendelsohn provides an in-depth look at how different markets, such as stocks, bonds, and commodities, are interconnected and how these relationships can be used to inform Forex trading decisions. The visual approach of this book makes it easier for traders to understand complex intermarket relationships and apply them in their trading strategy.


  3. Japanese Candlestick Charting Techniques -- by Steve Nison is a classic in the field of technical analysis. It provides a comprehensive understanding of the Japanese candlestick charting method, which is widely used in Forex trading. The book covers the basics of candlestick charting as well as advanced patterns and signals, making it a valuable resource for Forex traders looking to improve their technical analysis skills.


  4. Cycles: The Science of Prediction -- by Edward R. Dewey explores the concept of cycles in financial markets and how they can be used to predict market trends. This book provides an in-depth look at how different cycles, such as seasonal, annual, and long-term, interact with one another to create trends in the Forex market. Traders can use this knowledge to identify potential market turning points and make informed trading decisions.


  5. Intermarket Analysis -- Profiting from Global Market Relationships" by John J. Murphy is a follow-up to his first book, "Technical Analysis of the Financial Markets". It delves deeper into intermarket analysis and provides practical applications of the concepts discussed. The book covers the relationships between Forex, stocks, bonds, commodities, and other financial markets, and how these relationships can be used to inform Forex trading decisions. This book is a valuable resource for advanced Forex traders looking to improve their understanding of intermarket analysis.


  6. The Definitive Guide to Swing Trading Stocks -- by Kevin Matras provides a comprehensive guide to swing trading in the stock market, which can also be applied to Forex trading. The book covers the basics of swing trading, including entry and exit strategies, as well as more advanced topics such as risk management and technical analysis.


  7. Quantitative Trading -- How to Build Your Own Algorithmic Trading Business" by Ernest Chan provides an in-depth look at quantitative trading and how it can be applied to Forex trading. The book covers the basics of algorithmic trading, including data analysis, strategy development, and backtesting, as well as more advanced topics such as risk management and high-frequency trading.


  8. Trading Price Action Trends -- Technical Analysis of Price Charts Bar by Bar for the Serious Trader" by Al Brooks provides a comprehensive guide to price action trading in Forex and other financial markets. The book covers the basics of price action analysis, including trend identification and reversal patterns, as well as more advanced topics such as risk management and trade management.


  9. The Intelligent Investor -- by Benjamin Graham is a classic book on investing that provides a comprehensive guide to value investing. While the book primarily focuses on the stock market, the principles discussed can also be applied to Forex trading. The book covers the basics of value investing, including security analysis and portfolio management, as well as more advanced topics such as market psychology and risk management.




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