Top 10 Best Technical Analysis Books (Stock, Bonds, FX)

The Best Technical Analysis Books Contain The Techniques The Pro's in Finance & Investment Banking Industry Use to Predict Markets. You Can Too.

We list the technical analysis study material that Certified Market Technicians (CMTs), and Certified Financial Technical Analysts (CFTe’s) use to break into the financial services industry.

If you want to master stock market technical analysis, sentiment, and stock charts, then you need to study the books professional technical analysts use to get high paying jobs with investment banks and advisory firms.

The Best Technical Analysis Books Of All Time
The Best Technical Analysis Books Of All Time

Are you serious about technical analysis & chart analysis?

Do you want to attempt to successfully trade stocks, Foreign Exchange (FOREX), Binary Options, or even Contracts for Difference (CFD’s)?

If so, you need to study Technical Analysis (TA). TA is essentially the study of Supply and Demand, Volume and Price through an array of different lenses called Stock Charts.

Professional Market Technical Analysts study for an IFTA (International Federation of Technical Analysts) exam or Certified Market Technician (CMT) exam, which are industry-recognized certifications.

Top 10 Best Technical Analysis Books

1. Technical Analysis of the Financial Markets

John J. Murphy

Technical Analysis of the Financial MarketsA precious contribution to the understanding of technical analysis of the financial markets, this book is a must-have for the technical (Stock Charts & Indicators) trader.

This book is also a prerequisite reading for any serious or professional technical analyst and is a core IFTA exam syllabus for the (International Federation of Technical Analysts).

Positives: One of my favorite Technical Analysis reference books and published by the New York Institute of Finance, this book is well presented and easy to understand.

Negatives: A mind-blowing amount of information; however, it does not backtest the indicators to show if they are instrumental in the practical world.

Score 72% –  Content: 5/5 –  Applicability: 3/5 –  Readability: 4/5 –  Fundamentals: 1/5 – Technical Analysis: 5/5

Buy on AmazonBuy on eBooks.com

 

2. Technical Analysis Explained

Martin J. Pring

Technical Analysis Explained, Fifth EditionOne of the Bibles of Technical Analysis, and one of the best. Pring is a famous technical analyst, and the depth of the value of this book is unmistakable. This book is a prerequisite read for any serious or professional technical analyst and is a core IFTA exam syllabus for the (International Federation of Technical Analysts) of which I am certified.

Positives: With 600 pages of detailed Technical Analysis, the quality and quantity of the content can be overwhelming.

Negatives: Combining this best of this book and covering some fundamental analysis would provide an improved and more efficient way to learn.

See the Liberated Stock Trader Book for this combination.

Score 76% – Content:5/5 – Applicability:4/5 Readability:4/5 –  Fundamentals:1/5 – Technical Analysis:5/5

Buy on AmazonBuy on eBooks.com

 

[Related Article: The 10 Best Stock Market Analysis Software Programs]

3. Technical Analysis: The Complete Resource for Financial Market Technicians

Technical Analysis: The Complete Resource for Financial Market TechniciansKirkpatrick, Charles D & Dahlquist, Julie R

The latest or current edition

A comprehensive book, with a particular focus on the flow of funds, system trading, money management, sentiment, and takes a brief look at statistics.

Covers also backtesting and includes various academic studies to back up assertions.

Lots of charts and indicators and core reading also for the CMT (Chartered Market Technician) Exam.

Buy on Amazon
-

4. Cloud Charts: Trading Success with the Ichimoku Technique

Linton, David

Cloud Charts: Trading Success with the Ichimoku TechniqueUpdata Plc.

Recognized as an authority on Cloud Charts, David Linton’s section on Ichimoku Techniques (recommended by IFTA/STA) is the key.

Good writings and clear explanations backed up with very thoughtful use of Ichimoku Charts, make this a must-read reference.

Buy on Amazon


5. Japanese Candlestick Charting Techniques

Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far EastNison, Steve

New York Institute of Finance
From the man who introduced candlestick charting to the West, this is the updated 2nd edition of the original.

Candlestick Charts or Bars are used routinely today and are an essential part of building your charting methodology.

Candlesticks give insights into short-term supply and demand scenarios and enhance the speed of pattern recognition.

Buy on Amazon

6. The Definitive Guide to Point and Figure

The Definitive Guide to Point and Figure
du Plessis, Jeremy
Harriman House Ltd
The latest or current edition

Understanding Point and Figure Charting is essential to the IFTA certification, and there are questions in the exam paper on this topic.  Point & Figure (P&F) was a real eye-opener for me.  Many of the major Stock Market Analysis Software Program Vendors offer P&F charts now as standard, which is a welcome resurgence of the technique.  To see which vendors offer P&F read the Stock Market Software Review

Buy on Amazon

On your journey to greatness, it helps to learn from the very best.

I recently signed up for Masterclass.com and learned business leadership from Howard Schultz, economics & society from Paul Krugman, and even business strategy from Bob Iger.

Discover your new passion; from making music to design and photography with Masterclass, you can learn from the best.

Pursue Your Passion With MasterClass | MasterClass

Visit Masterclass.com


7. Forecasting Financial Markets

Forecasting Financial MarketsPlummer, Tony
Kogan Page
The latest or current edition

Forecasting Financial Markets provides insights into the psychology of trading behavior and describes how “following the herd” can cause investing disaster.
It shows how your ability to make money in the world’s financial markets depends on your ability to make decisions independently of the crowd.  This book is an essential addition to the other books as it focuses on psychology and sentiment, critical for you to understand.

8. R N Elliott’s Masterworks, the Definitive Collection

R. N. Elliott's Masterworks
Prechter, Robert
New Classic Library, a division of Elliott Wave International, Gainesville GA, USA
The latest or current edition

I had the pleasure of hearing Robert Prechter speak on socioeconomic theory at the IFTA World Conference in 2014, and he is a giant of the industry.  The Definitive Collection This book compiles R.N. Elliott’s original writings on the Wave Principle and presents it to you in a single, all-inclusive book.

Devour the three ground-breaking works, long out of print, in which Elliott first described the Wave Principle to the world.

Buy on Amazon

9. Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds

Ichimoku Charts: An Introduction to Ichimoku Kinko CloudsElliott, Nicole
Harriman House Ltd
The latest or current edition

Nicole Elliott’s 25 years’ experience of financial markets – both as analyst and trader – and ability to inject flashes of dry humor into her writing make the study of Ichimoku a pleasant and insightful experience.*

Now, for the first time in English, this book presents the next stage of candlestick analysis – Ichimoku Kinko Hyo. Sometimes called Cloud Charts, this analysis adds moving averages to candlestick charts. But moving averages a little different from those traditionally used in the West. For trending markets, Cloud Charts add an essential tool for analyzing near-term areas of support and resistance.*

Sources: Amazon.com & STA-UK.org

Buy on Amazon

10. Breakthroughs in Technical Analysis

Breakthroughs in Technical Analysis: New Thinking from the World's Top Minds (Bloomberg Financial) Hardcover – 1. August 2007
Keller, David

Bloomberg Financial
The latest or current edition

The recommended section in this book is the GANN theory section developed by W.D. Gann.

This is usually a critical piece of the exam, but can also be challenging to learn as the esoteric concepts, in theory, are more like taking a step into the twilight zone.

Buy on Amazon

Bonus Book: Mastering Hurst Cycle Analysis

MASTERING HURST CYCLE ANALYSIS: A modern treatment of Hurst's original system of financial market analysis Paperback – 30. November 2011
Grafton, Christopher
Harriman House Ltd
The latest or current edition

Christopher Grafton helps to translate J.M Hurst’s ideas to the modern-day with plenty of examples.

Cycle analysis is core curricula, and Hurst cycles are a new addition to the curricula for IFTA.

Further information on Hurst cycles are at http://hurstcycles.com

Buy on Amazon

Bonus Book: 21st Century Point & Figure

21st Century Point and Figure: New and Advanced Techniques for Using Point and Figure Charts
du Plessis, Jeremy
Harriman House Ltd
The latest or current edition

One of the oldest methods of charting gets another serious update.

As the book mentions, 21st Century Point & Figure updates the theory.

Now that we have automated charting and backtesting available broadly we get insights into the effectiveness of Point & Figure

Buy on Amazon

Bonus Book: Quantitative Trading Systems

Practical Methods for Design, Testing, and Validation.

https://amzn.to/339i6VfBandy, Dr. Howard B.
Blue Owl Press.

Building a robust trading system is essential to success.  This is precisely what Quants (Quantitative Analysts) do for their day job.

With so many Stock Market Software Program Vendors offering integrated backtesting functionality, this book is a must-read.

Dr. Bandy’s interesting book is a must-read for anyone who wishes to develop a trading system.

Read which Stock Market Program Vendors offer Back-Testing.

Additional Sources: IFTA / STA https://www.sta-uk.org/education/reading-list/

Buy on Amazon

Read which Stock Market Program Vendors offer Back-Testing.

Sources: IFTA / STA https://www.sta-uk.org/education/reading-list/

Watch the Best Technical Analysis Books Video

Top 20 Best Stock Market Investing Books Video Review

-

Now it’s over to you. Did you enjoy this article, let us know what you think, leave a comment

Top 10 Best Stock Market Software Review

Top 20 Stock Market Financial Books Review

Top 20 Stock Market Websites Review

Top 20 Stock Market Movies & Documentaries of ALL TIME Reviews

Top 20 Stock Market Audio Books Review

LEAVE A REPLY

Please enter your comment!
Please enter your name here