Technical Analysis Plain & Simple: Charting the Markets in Your Langauge

I was recommended to read this book during my induction period at a major investment bank. I studied Law at University so I had no idea what Technical Analysis was, until I read this astoundingly simple yet powerful book. Resistance & Support Levels are explained in a way that you will never forget the rationale for them after having read his chapter. This book has saved me from major embarassment in the markets!

In this book Michael Kahn clearly explains the practical aspects of technical analysis. I was very impressed by the author's strong financial background, and by his ability to explain technical information in a straightforward understandable way. I found myself looking back at previous successful and unsuccessful trades that I have made, and understanding the reasons behind the outcome. This book taught me principles that I can apply in the market immediately. I highly recommend it.

I have most of the popular TA books, but I saw this at a local store and bought it for a friend -- she doesn't have it yet. It's well written (as one would expect from a Brit.) and has more breadth than depth, as a primer should. You'll need other books of course, but this is the best introduction that I have encountered. One of its greatest virtues is that it does not dwell on technical indicators -- no real TA trader does. (Note that this is the exact opposite of "TA from A-Z", a book that's a terrible introductry text.)Some of the topics covered are: Charts, Trends, Patterns Risk/Reward Setups Intermarket Analysis Candlesticks Technical Indicators Example Trades: Entries/Exits