The Best Book for Learning to Trade Stocks
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- Опубліковано 5 лют 2025
- This is by far the best book for learning how to trade. It is called Technical Analysis of the Financial Markets and it was written by John J. Murphy.
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I endorse this book. I have read more than 10 books on TA and I still feel this book is the best
So you start stock market📈
What would you recommend for learning to read charts…
@00Tenrai00 I learned chart reading from Wyckoff analytics. They are the best chart readers IMHO.
@@hasantao Hlo
Prop fund manager here. Please use this. I want more money, and the liquidity you provide helps me attain this goal
lmao
Hahahahha 👏🏼👏🏼👏🏼
😂😂😂😂
😂😂😂
AAHAHAH this is gold! ahaha
I’ve seen investors blow up their portfolios with valuation analysis and technical analysts make millions. Don’t be stupid - learn as much as you can about everything.
its all about are you in the top 2% of technical analysis or are you in the top 2% of fundamental analysis..
Love this book. Very comprehensive. Specific TA price configurations and moving averages are predictive, more often than not, some more than others. Combined, one CAN get an edge in the market. You can and should back test that method on past market action, to confirm that edge. Then monitor the performance of your market edge, because it will eventually lose effectiveness. Rinse and repeat with a new method. People who don't like TA and say it doesn't work truly have not done their due diligence. The best approach is a combination of fundamental and technical analysis, taking into account market psychology, and having an ear to the ground for sudden shocks to the system that can move the market quickly. Study smart, and go make money.
It is a great book to study, then look for when the patterns don't work and learn to fade them.
😂
If you know when the patterns dont work then congratulations, you can tell the future and you didnt need any strategy to begin with let alone TA of all things
I have this on my bookshelf. Retail traders lose > 90% of the time. I wouldn't encourage this. The odds are just staying within the index. A lot of studies have confirmed this / academia. I've done both, did far better in the index with 0 effort. All that excess time trading should be learning math to pump one's career or personal finance or tax mitigation strategies. Trading for many can be a rabbit hole that leads no where (or worse, to ruin). Do some videos of risk of ruin & Martingale betting systems!
Then the question is how to get in that 10%. System based criteria with robust statistics. Purely data driven. This is the way.
Do you have a top 5 list for trading books. What about Steve Nison's Japanese Candlestick Charting Techniques?
@@theninthpower That's a good book too. There's Encyclopedia or Chart Patterns by Bulkowski that'll have the odds data in there (outdated for sure, algos really changed the market). Trade Your Way to Financial Freedom by Tharp - this is good to introduce you to the money management aspect (High Probability Trading by Link will do so similarly). Trading in the Zone by Douglas for mindset/psych. Alexander Elder is also a big writer in the trading space, though I never got much out of his stuff. I'm not a good or successful trader though. I realized I'm just a personal finance expert.
For edutainment: Reminiscences of a Stock Operator
I really do not recommend trading. Maybe index 80%+ of your liquid networth and maybe speculate with 20% max? I wish I did that, I'd be a millionaire now in my 30s (if I just indexed in S&P500). My networth now is only a few hundred thousand. I wouldn't waste time on trading, it requires a lot of research/patience and its completely random. My advice to young people (and as an educator) is to focus on your skillsets and career.
If you think about economics, wealth is created by generating value for others/society. You're fulfilling a demand and have a monopoly/oligopoly on it. Trading produces no value to society other than providing liquidity - profitability becomes arbitrary as it is 0-sum (or worse as you pay slippage and commissions).
Investing/indexing is long-term capital injections for companies to create goods/services/value for others, you are rewarded commensurately and more reliably.
You can speculate at the end of your life, but your time is best spent developing your skillset/career, especially as investing compounds. You will get rich reliably with an index while young, trading, it's essentially gambling...And the latter will consume way more time. I've been on both sides there. If someone says trading is great, have them show you their 3rd-party audited track record - most will not (I haven't seen one in my years). That's how you know something is up. Even people who make their careers selling trading courses...=/
@@dagmeistr You'll have to ask the quants that one. I know one that makes 1 million per year...I think that advanced math degree + CFA is a better investment. He indexes in his personal life lol...
@@XAUCADTrader Ya trading is actually what got me into math and computer science. Pursuing a minor in mathematics at the moment. I got inspired by Jim Simmons. Simmons beat the market over a 30 year period average 60%. So it is possible. Robust statistics and system based trading. It’s made me hit profitability. Just gotta be disciplined and stick to the system. Nothing discretionary, ever! Ahha
bro u look like isaac newton
He's the current incarnation.
You're awesome, dude. Thank you for always giving us good book recommendations.
I proved for myself in 3 years experience working and researching on the topic that nothing works to get better in trading, so no book is better than nothing. :)
This man right here is awesome ! Just found him a week ago.. love all his content ❤
Technical Analysis is like astrology that tracks possibility of events based on planetary alignment with stars. Follow it at your own peril. Value investing is the way to go
Brother, I applaud your attempt to swim against the river of stupidity, but money flows from weak hands to strong hands no matter what, and sage advice like yours is not going to stop that. Just ... let them dream ...
Most value investors are underperform the market. People don't understand what TA is for. TA is not some tool to magically predict the markets it is there to define your risk and reward in a trade. It is there to know when to enter and if your thesis is wrong where to exit and if it's right where is a logical place to take profits. It's something which is so basic but people don't understand.
ua-cam.com/video/ZN6P9ErUcOg/v-deo.html
@@RookieTrader6 "most people don't see God because they don't look *low* enough. (to your point on basic concepts that people gloss over and don't understand but are key)
TA is a chart that shows you historical prices thats all. You can make a TA chart on anything. Like the price of beef and then by looking at the chart you can see the price hitting historical targets where the markets deem over or under valued. The events are repeatable like shortges in supply or embargos which also affect supply, and high cost which affects demand. If they start charging you 100 dollars a pound for beef, how many people would show up to buy it. Not a lot probably and you would see the price drop due to lack of demand and abundance of supply, match that event to the price hike for 100 dollars a pound and thats why people use technical analysis.
Traders miss out on the Main indregent permutations and distribution. Ta is only used for signal generations.... Beyond signals MM. But permutations and distribution frequency plays the key role long-term.... No trader has ever worked in that area to expertise
Please talk about the strategies within the book that you resonate with most. Would love your opinion on this, thank you!
I invested in some of these, but my portfolio is down 23%. I can’t buy more, and I don’t know what to do. Any tips to make back my losses before selling? I’m stressed-retirement is near.
The market is tough. Do your research or talk to an advisor. I made my first million after years of trying. Good luck!
@@YayoiXon I know how you feel. I lost money too at first. After the 2020 crash, I pulled out $160k and gave it to an analyst. In 7 months, I made $580k. The right help changes everything!
@@MontieUptain That’s amazing! Who is this expert? I need help too.
@@YasinEsch Ralph Anthony D’auge. He’s really experienced. Look him up-he’s great at helping people with the market.
@@YayoiXon I checked his website. He looks good. I emailed him and hope to hear back soon. Thanks!
If you want to gain expertise at driving on a winding mountain road using only what you see in your rear view mirrors, then TA is for you!
Pretty good analogy.
History always repeats itself. Just depends on how far back your looking.
Fundamental analysis is pretty much the same. Financial Accounts are what i see in the rear view mirror, and hocus pocus is what you put into your subjective Financial Modeling.
Price action is very important for entry and exit points, in which TA is very important, u ca vase your buys and sells on strong fundamentals suc as sales and earnings, but u need to understand the chart and areas of value on that chart before buying. This book explains that well.
Trading ideas such as Canslim, mentioned in books such as "How to make money in stocks" and many more, are the way to go for retail investors.
That’s fine, but it’s better than nothing
- this guy is so chill 🙌
Do you have any personal experience with the techniques from that book? I'm interested
Yes definitely. I've read almost the entire book and I've read certain chapters more than once. It's a great book with excellent strategies. Nothing is 100%, but it certainly helps.
I will try to do a more in depth review of the book and discuss some of the strategies.
That's awesome! I'll look forward to the vid!
@@TheMathSorcererplease 🙏🏽
@@TheMathSorcerer I have read this book and I had my ass handed to me twice. What specific chapters did you reread and focused on?
What about Benjamin Graham’s book, The Intelligent Investor?
dated
It's not about trading
Graham's book is good for fundamental analysis and long term investment in stocks.
This and Technical Analysis of Stock Trends by John Magee as well!
Show the whole book and mention the author if you think its the best
😂
It's like saying astrology is better than nothing. Sometimes nothing is better.
The benefit of having a system is being able to remove emotions from the equation.
that book is amazing and is highly regarded by the best traders in the world.
I just had an exam on basic technical analysis. Lol
oh wow lol
Thanks❤
Bro’s creating my liquidity
Have you ever read the mathematical ideas of Professor Jose Arguelles?
@TheMathSorcerer what were you inspired by, a falling book?
You use TA to find potential trade setups. The secret is knowing that it's like having a 60% chance of being right and using the proper bet sizing and stop losses and then winning over time by letting the winners ride. But 90%+ don't have that kind of self control / ability to control ego so lose.
I’d say intuition after enough of studying a company and then investing for the really long term in something you understand, is far better than learning technical analysis. You can try spending loads of time delving deeply into stocks astrology and alchemy, I’ll do real investing. You keep your inverted scrotum patterns on stock charts.
hahahah true
Hahahah damn true
Invertir es una de las cosas más difíciles que hay. Además desde finales de los 90 está tan automatizada que es difícil por no decir imposible,competir contra las inteligencias artificiales que gobiernan los mercados. Nos podemos consolar leyendo libros de teorías de juegos y así aprendemos muchas matemáticas. Nadie gana dinero mirando gráficos que suben y bajan. No hay patrones, solo hay AI y mucho dinero. Siempre gana la AI
Se ve que no te ha ido bien en el trading.
bueno bueno, menuda argumentacion hermano, eso del AI es algo nuevo?
Thanks
I can't see the name of the author
It's a John murphy
Thank You
Thank you so much sir just searching for this!!
Please, I need reliable trading books from universities
If there are any Indians here.. can you please verify that this book is worth for indian market?
Nothing. Absolutely nothing. TA is bullshit.
Nope
It doesn't work for any market
thanks
Well if it worked, you would probably make money with it rather than affiliate links and udemy right?
You mean a person should only have one income?
I like this guy's site, but stock trading is a great way for small fish like us to give their money away to big fish.
How could you say that something that doesn’t work is better than nothing? It’s gotta be the worst advice I’ve ever heard.
199€?
Very good books but it gives only basic knowledge
I read one book on swing trading with technical analysis and I started figuring out about half way through the book that all the examples given in the book of how a price moves was being projected by the author onto the charts he was using. I saw that any chart could have been interpreted differently based on how you want to draw your double top, cup handle bs ESPECIALLY on what time frame you are using, and then I got really pissed when I saw his explanations were simply hindsight 20/20 arm chair quarterbacking, and he only picked charts that fit his interpretation for his book. I threw the book away and never finished it. I agree with Tom Sosnoff that TA is a good engagement tool, but it tells you little to nothing about future price movements. (If you want to use trend lines to make an entry, cool.. but that is so easy to understand, there is no reason to read an entire book on how to draw a stupid trend line).
do you trade ?
Hello, I really love your channel, specially your videos about books. However I think you should not market that kind of book. Technical Analysis is considered as BS/scam by most practitioners in financial markets. There's a ton of great books about : quantitative finance / financial mathematics / option pricing / asset classes. Student that want to learn finance should throw TA books in the bin as soon as they can
Monkeys flinging poop at a random list of stocks on a wall has a better long term record than TA. Math Sorcerer is out to lunch on this one.
@@xyzctAll the usic traders use ta
Technical Analysis is tea-leaf reading for traders. Worthless.
At least with the tea leaf reading you can enjoy a cup of tea.
a mathematician promoting TA garbage is ridiculous. this is NOT how you make money from the markets. this is pure gambling catering to people with very little common sense. professional traders would laugh you out of the room if you mention TA. stop the nonsense.
Also Known as the Bible of TA.
Totally, what a great book!
Techn why did what nni
Buy best losers win instead of a book that has been written by a non-trader. Compare the trading experience of 30 years to the author of this books experience (10 years). According to Wikipedia,John Murphy wasn’t even a trader but only analyst. After that he made his money TEACHING, not trading. So he’s the pioneer of the early UA-cam Guru, who sells courses but doesn’t do anything himself.
Everytime he says TA my mind is in the gutter
Albert Einstein look like
Bro you look like Jeff bezoz
❤❤❤🎉
Please send it to me with your autograph
That book sucks for TA. Internationally known for bad grammar. Tried reading it for TA knowledge over 20 years ago. The reason why I tried it is 30 years ago it was recommended for CMT level 1. If you want CMT level education then use their study guides.
Thanks “Professor Dork” 😉🙌🙌
I don’t think TA works
Ur followers of newton goat
🔥🔥🔥💪🏾
Hi
Stonks only go up lol
Why is something that doesn’t work better than nothing… the book most likely does provide value, but that was definitely poorly explained
That book is nonsense, was this sponsored?
i beg to differ , this book will lead to nothing , period.
Have you made any money from this sorcerer?
Literally the worst book. Retail TA will keep you a slave. I will give you this... Learn all these principles, then do the opposite😉
Jeff Bezos ka chacha ka ladka
Absolute retail garbage
I really appreciate your book reviews, but technical analysis has been (empirically and also mathematically with a few assumptions) proven to be pure bullshit.
How did they disprove it
😂😂😂amateur
Can you plz recommend some books on mastering graph theory 📉📈
( 0 to Hero kinda mathematical graphs & not any trading related)
Hello