Technical Analysis From A to Z by Steven B. Achelis is a comprehensive guide that covers a wide range of technical analysis tools and techniques, suitable for both novice traders and experienced professionals.
The book starts with a basic introduction to what technical analysis is and why it is useful in the financial markets. It covers key concepts like trends, support and resistance, chart patterns, and the use of moving averages. Achelis explains these concepts clearly and concisely, making them easily understandable for readers who are new to technical analysis.
The book then delves into the more advanced topics, such as various types of oscillators, market indicators, and computerized trading systems. Each of these topics is covered in detail, with practical examples that illustrate how each tool can be used to make informed trading decisions.
“Technical Analysis From A to Z” also includes a valuable reference section that provides detailed descriptions of almost every technical indicator available. The explanations of each indicator include its calculation, interpretation, and historical testing, along with hints for its effective use.
The book goes beyond mere definitions and calculation methods, providing real-world examples and comparisons to enhance the understanding of how these indicators work in live markets. It also offers a guide on how to use computer software for complex calculations and chart plotting, giving readers the tools they need to practically apply their knowledge.
“Technical Analysis from A to Z” serves as a valuable tool for anyone looking to enhance their trading decisions. With its holistic approach to technical analysis, the book is suitable for traders and investors of all skill levels. From novice traders looking to understand the basics to seasoned professionals seeking a refresher or reference, Achelis’ work offers valuable insights that can improve any trading strategy.
