Chapter 8: Technical analysis for traders

Many dozens of books cater specifically to the needs of those people wishing to learn more about the art of technical analysis. Attempting to give a comprehensive explanation of this vast topic in just a few pages would be unrealistic, but we will cover some of the analytical methods, broad concepts and indicators, and some of the issues that relate specifically to foreign exchange.

If you want to learn more about technical analysis, we suggest the following books:

• Robert D Edwards and John Magee, Technical Analysis of Stock Trends

• John J Murphy, Technical Analysis of the Financial Markets

• Martin J Pring, Technical Analysis Explained

• J Welles Wilder, Jr, New Concepts in Technical Trading Systems.