The Forex Chartist Companion by Michael Duane Archer and James Lauren Bickford

The Forex Chartist Companion: A Visual Approach to Technical Analysis is a book authored by Michael Duane Archer and James Lauren Bickford.

This book presents a visual approach to applying charting techniques, recognizing chart patterns for success in foreign exchange (Forex) trading. It discusses several methods and tools in technical analysis used by forex traders, including trendlines, support and resistance, momentum indicators, Fibonacci studies, and pattern recognition techniques like triangles, head and shoulder patterns, etc.

“The Forex Chartist Companion” provides insights into chart construction, the different types of charts, including line, bar, and candlestick charts, and the various timeframes. It also delves into more complex concepts like the Elliot Wave and Gann Theory, which can be invaluable tools for experienced forex traders.

The book is largely beneficial for traders who primarily use charting techniques for their trading decisions. It offers a comprehensive guide to understanding and interpreting charts, which can be especially useful for forex traders given the 24/7 nature of the market.

As always, it’s important to remember that no single book or resource can guarantee success in the forex market, and it’s essential to apply risk management techniques and develop a solid trading plan.

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