Technical Analysis Demystified: A Self-Teaching Guide [Paperback]

Constance Brown (Author)

Book Description

ISBN-10: 0071458085 | ISBN-13: 978-0071458085 | Publication Date: November 19, 2007 | Edition: 1

Learn all about technical analysis and chart a course for a stable financial future

Interested in incorporating technical analysis into your investment strategy but feeling a bit at sea when it comes to making sense of all the charts and tools? Here's your lifeline! With help from Technical Analysis Demystified, you'll have big profits in your forecast.

Chartered Market Technician Constance Brown explains the many different types of technical analysis tools and how to use them. Key topics covered include charting, moving averages, trends and cycles, oscillators, market patterns, Fibonacci ratios, price data, risk-to-reward ratios, and much more. Featuring end-of-chapter quizzes and a glossary, this straightforward guide makes technical analysis easy to understand and apply to your strategy of spotting-and profiting from-market trends and patterns.

This fast and easy guide offers:

• Clear explanations of charting techniques
• Time-tested trading rules and guidelines
• Valuable charts, graphs, and figures
• Strategies for developing your own system for analyzing the market
• Detailed descriptions of real-time trades

Simple enough for a novice but in-depth enough for a seasoned investor, Technical Analysis Demystified will help you capitalize on market cycles.

Editorial Reviews

About the Author

Constance Brown, CMT (Chartered Market Technician), founded Aerodynamic Investments, Inc., after working for more than 15 years as an institutional trader in New York City. She continues to actively trade and advises numerous financial institutions and banks around the world.

Product Details

• Paperback: 304 pages
• Publisher: McGraw-Hill; 1 edition (November 19, 2007)
• Language: English
• ISBN-10: 0071458085
• ISBN-13: 978-0071458085
• Product Dimensions: 9.3 x 7.4 x 0.6 inches
• Shipping Weight: 14.1 ounces (View shipping rates and policies)
• Average Customer Review: 3.2 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #618,253 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

13 of 14 people found the following review helpful:

5.0 out of 5 stars An Important Contribution for All Traders, January 6, 2008

By 

Glenn Tisman "Doctor T" (Huntington Beach, CA) - See all my reviews
(REAL NAME)   

This review is from: Technical Analysis Demystified: A Self-Teaching Guide (Paperback)

Serious and not casual beginners and advanced traders will find this text a pearl. Connie Brown's expertise is a given however just like my French professor at City College she expects all to do intense homework. The text illustrates trading concepts that will require burning the midnight oil to understand and use them successfully. MS Brown illustrates exactly how to apply the important tools. She does employ her own Composite Oscillator (which I use in my own trading) and compares its divergence to the RSI as an important sign for price reversal. She points out that there are hidden secrets of importance in those oscillator squiggles that we usually disregard as noise.

The importance of simultaneous signals given at different time intervals and by different tools is illustrated. The late February 2007 market pullback is illustrated by use of divergence in a three day chart. I checked that and found the lack of divergence in the one day chart. That could have been discussed but was not addressed. She illustrates momentum oscillator details (Stochastic, (Stochastic flutter), MACD with fast and slow settings, Gann price prediction (mentioned but not detailed), Astronomy as a timing method (illustrated briefly), and cycles. She incorporates these techniques with Elliott wave and Fibonacci retracement and projection in detailed analysis of trading case histories that are invaluable to study in detail. Price reversals were surprisingly left out and will have to be studied in her other works. They were apparent in some of the examples however other points were highlited at the time.

In conclusion, this book represents observations and discussion from a master trader. Her motivation is strictly academic. She points out the most important tools you will need to meticulously study to be a successful trader. You will find out what you really don't know.


Glenn Tisman, M.D.

3 of 3 people found the following review helpful:

3.0 out of 5 stars Did somebody pay attention to the answers?, January 14, 2010

By 

C. Barnes (Sarasota, FL USA) - See all my reviews
(REAL NAME)   

This review is from: Technical Analysis Demystified: A Self-Teaching Guide (Paperback)

I have just spent an evening reading on the first three chapters. I have been answering Ms Brown's questions at the end of the chapters and have gotten about 50% right. When I go into the reading and look up the answers...I still think that I'm correct. or example, in the text she will make a statement defining a Fibonacci series and yet when asked that in the question section, the book will call something else the correct answer. I've decided to ignore the questions... I hope that her text is correct. It seems to be but her editor should be strung up for not proofreading the questions. It would be nice to get good feedback on the learning process...maybe in the second edition???

1 of 1 people found the following review helpful:

5.0 out of 5 stars A superb book considering scope and price, April 7, 2011

By 

Theoni Lussos "Kandy" (Fitchburg, MA) - See all my reviews

Amazon Verified Purchase

This review is from: Technical Analysis Demystified: A Self-Teaching Guide (Paperback)

I've read most if not all of Ms Brown's work and I must admit this is best and most approachable introduction to her system to date. It is totally incredible the updates to her system that she reveals here, without stating such as is his way, which have helped me in countless ways. Once again Ms Brown, as I've said many times before, HURRRAH. Highly recommended for all traders though of course beginners may not grasp everything in it because they don't have so much to "unlearn".