Best Technical Analysis Books for Active Trader & Investors - NTA

Top 5 Must Read Technical Analysis Books

Top 5 Must Read Technical Analysis Books

Technical analysis is another way to learn and to apply it practically in the stock market. The individuals who are the participants of the stock market and do the trading according to their technical analysis are known as “Traders”. It is the most effective and popular way for decision making tool used by the traders in the equity, commodity and in forex market. Trading can be from short to medium.

This is a particular discipline that structures the price-volume data of a certain financial instrument over the period. The structures that take place in this are the various candlestick patterns or the price patterns and indicators that are derived from the statistical formulas using the plan volume data.

Probability is the most important element in the technical analysis. In this article, you will get to know if are also a technical trader then what books should you read and also for beginners. Nifty Trading Academy presents the article on “best technical analysis books”. So, let’s see about the top 5 books that you should read being a technical analysis trader.

List of Best Technical Analysis Books in India

1. Getting Started in Technical Analysis – by Jack D. Schwager

Getting Started in Technical Analysis

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  • This book gives the basic and foundation of the technical analysis.
  • This book is full of examples and explains clearly about the basic topics like trends, trading ranges, chart patterns etc.
  • Explains the various forms of charting in the easy manner and after that goes deeper into the trading signal generation methods.
  • The author himself has written about his experience as a real world trader. One must read this book for technical analysis in India.

2. Japanese Candlestick Charting Techniques – by Steve Nison

Japanese Candlestick Charting Techniques

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  • Candlestick charting is the technique and an important tool for the technical analysis about the stock market.
  • This book gives the comprehensive and enough study about the guidance regarding the candlestick charts and patterns.
  • This charts can be used in any of the time frame.
  • Though the book name is complicated but the language used in is very easy so that any of the trader can read it easily.

3. Encyclopedia of Chart Patterns – by Thomas N. Bulkowski

Encyclopedia of Chart Patterns

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  • The book name will give you the enough guidance what will be content in it.
  • But rather than the chart patterns it also explains about the descriptions about the preconditions and the confirmation of each chart patterns.
  • Different Chart Patters has different probabilities of either it can be success or it can be failure.
  • This book also give guidance about the success failure ratio of each pattern and the vast number examples from the stock markets.

Also ReadTop 5 Technical Analysis Software

4. How to Make Money in Stocks – by William O’ Neil

How to Make Money in Stocks

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  • This book is all about the techniques you can use to make money in the stock market despite the conditions of the market.
  • While writing this book there has been done the research for more than 100 years of data of the stock market.
  • “CANSLIM” method is introduced in this book and after that it becomes successful method for trading and for many traders, investors and also for the fund managers.
  • This book contains many practical examples that makes it easy to understand.

5. Technical Analysis from A to Z – by Steven B. Achelis

Technical Analysis from A to Z

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  • This book also gives the immense and comprehensive study about the technical analysis use in the stock market.
  • This books has further two parts, as the first part is completely for the beginners types of traders and the second one belongs to the advanced types of traders.
  • And in this book also you will find many charts patterns and also many indicators for the study of the stock market.
  • One must go through this book as every book has something new to learn and make yourself more a learner.

About Us

Nifty Trading Academy (NTA) is the leading pioneer in imparting stock market training that too in live market session. We have designed courses on the basis of the technical analysis and for the inquiry of the different courses you can contact us easily through the emails or through calls. Hope that you like our article that will be useful for the current and new traders and investors to know about the technical analysis for intraday trading. Our blog on “best technical analysis books” if you like it then share the articles with your mates also. Till then, Read and Learn more about the Stock Market.