Here’s an interesting book that I discovered today in the bookstore: Stikky Stock Charts: Learn The 8 Major Stock Chart Patterns Used By Professionals And How To Interpret Them To Trade Smart–in One Hour, Guaranteed. The book teaches some of the basics of technical analysis in a very simple and straight-forward way. I think it would be perfect for anyone who’s interested in learning more about charting but is intimidated by most TA writing. (I have several friends who fall in that category. They visit my site, look at some charts and quickly tune out, saying WTF is up with all those lines on the charts, etc.) I may be giving a few of these away for Christmas presents this year.
You can see some sample pages of the book at the Stikky website. Here’s a little bit about what Stikky.com says about the book:
Read this book if you want to…
- make intelligent investment decisions
- minimize losses and maximize gains
- time when to get in and out of investments
- surprise your friends with your insight into the markets
- take your first steps to understanding the world of finance.
Stikky Stock Charts uses a simple, pattern-based learning method to bring a valuable skill to anyone with a ruler and an hour to spare. We took the latest research into chart patterns and spent hundreds of hours with readers testing and simplifying it to be sure it will work for you.
Includes a comprehensive Next Steps section with guides to the eight steps to begin trading, four classes of broker, major investment types, software, stock data, free sources of charts, and more.
What this book is about
Stikky Stock Charts uses a powerful learning method to teach anyone the signals that professional traders use to make buy and sell decisions, step-by-step.
Each step builds on what came before and reinforces it. That way, by the time you reach the end of the book, you will be confident in reading a stock chart and forecasting the most likely next move.
Still more exciting, the things you learn will serve as ‘hooks’ on which you can hang future knowledge about stock chart trends and patterns.
The book also explains how to set a stop loss, which can help you to minimize your trading losses and maximize your gains.
While I’m on the topic of books, The Bull Hunter: Tracking Today’s Hottest Investments caught my eye today as well and I’ve added it to my ever-growing list of books to read.
Good to see that someone noticed this book too!!!
I thought i was the only one that love it.
ATE LOGO
D.
I read “Getting Started in Technical Analysis” first, got confused, then found Stikky Stock Charts. Great beginners book, took me an hour to read the whole thing. Then I went back and re-read “Getting Started” and it made more sense.
Love some recommendations for “Step above beginner” TA books.
I may have suggested this book before: John Hayden’s The 21 Irrefutable Truths of Trading.
As a total all around read on trading including TA, you can’t beat this book.
Remember one thing about books that claim professionals use them or their techniques to enter the markets.
The professional uses the information to fade the novice. That is his edge. Forwarned is forarmed.
Steve,
That book sounds interesting. Thanks for the tip