Technical analysis and the active trader

by Gary Norden

Exposing the unreliability of technical analysis Technical analysis is one of the most widely used and taught methods of financial markets analysis. It is becoming particularly popular with time poor retail traders who are taught that chart patterns, trend lines, indicators etc offer quicker ways to make trading decisions. But how reliable are these methods?
Technical Analysis and the Active Trader exposes the flaws and unreliability of technical analysis. Using examples from real market scenarios, robust independent studies and behavioral finance, technical Analysis and the Active Trader shows how and why traders will struggle to be profitable using charts and indicators.

256 pages, Hardcover

First published November 22, 2005

Reviews

[David · Rating 5 out of 5]

Never ever have I read a more useful book regarding trading. This book is a must read for any of those who utilize technical analysis (TA).

First thing to note; even though the book is labelled so, the majority of the book is refuting the art of TA by spouting the common faults. This will definitely show you what faults you could possibly be undertaking in your trades. The book is relatively easy to read with plenty of academic support. The author is very objective in his viewpoint on the subject by providing facts and studies.