Book Description
John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.
"If one could read only one book on technical analysis, this should be the one." --Knight-Ridder Financial Products and News (on the first edition, Technical Analysis of the Futures Markets, 0-13-898008-X)
This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.
"One way to get started in technical analysis is to read a good book on the subject. One of my favorites is Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy. It's an easy read." Ralph J. Acampora, CMT, Managing Director, Prudential Securities Inc.
Customer Reviews:
If you haven't read this book yet, I suggest that you do ASAP.......2007-10-24
The day when you truly understand 80% of the contents of this book is the moment of milestone of your trading career. As you progress in your trading career, check back with this book to determine how much you have learn. This book is the pivotal standard of all technical traders.
Reference.......2007-08-13
If you use the charts to look for trades, you have to buy this book. It's an awesome reference for charting.
Good Even for a Random Walker.......2007-07-22
This book is a very well written introduction to the Technical Analysis of the financial markets. It covers a lot of ground and for a text book style layout, it is surprisingly easy to read. Murphy starts with a solid introduction including the philosophy of technical analysis and a defense against the criticisms from academics and followers of the Random Walk Theory. The meat of the book is a comprehensive treatment of the core components of technical analysis including Trendlines, Reversal and Continuation Patterns, Moving Averages, and Oscillators. The author continues to dig deeper with Point & Figure Charts, Japanese Candlesticks, and Eliott Wave Theory.
As a big fan of Malkiel's "Random Walk Down Wall Street," I started reading this book with some healthy skepticism. While I was not converted to the chartist's philosophy, I felt like I did pick up some tools that could still be useful in a buy-and-hold strategy.
Everything a beginner needs to know.......2007-07-07
John Murphy's book explains nearly everything anyone who is looking to understand the technical side of the market could ask for.
PROS: Easy to follow. Starts from the ground up into the complicated stuff. Feels like a year's worth of college courses finished in a few weeks time. This is far and away the best overall stock book I've read to date. I'm making money now!
CONS: Spends a bit too much time on futures trading (for which the book was originally written) Doesn't get far enough into how much time should lapse as a pattern unfolds. Doesn't get much into the psychology of the trader's mind. Somewhat outdated on computer advances (not a big deal)
Classic Technical Analysis Book.......2007-06-28
I received 4 copies of this book during my course work at the NYIF, its an excellent referance manual for anyone applying Technical Analysis to the financial markets.
Book Description
Unlock the secrets of an ancient charting tool
The most ancient form of charting, the Japanese candlestick method has become an extremely popular analytical tool among the new generation of traders. However, because of the aura of mysticism surrounding candlesticks and the arcane terminology typically used to describe them, many traders in the West never really learn how to use them properly and exploit their full potential. Profitable Candlestick Trading demystifies candlesticks for today's traders. With the help of numerous real-world examples, Bigalow clearly explains how candlesticks work, how to read them, and how to maximize profits with them. Bigalow shares some of his original candlestick-based trading programs, the same programs which have yielded impressive results for his clients at leading financial firms in the United States and abroad.
Customer Reviews:
Great Information But..............2007-08-17
I'm very pleased with the information contained in the book. However, most of the information contained in the book can be found on the authors website for free. Just google Stephen Bigalow and check it out for yourself, lots of info in the forum at that site as well. I read some other reviews (at another site) that recommended his second book over this one as the basics can be found at his website (and several others) and you can get more into the theory in the other book. With that said I still recommend it and would say its a 5 star rating based on the information. I use it every night while doing my research for the next trading day. Anyway, just something to know. Seems most days you can find just about anything on the net if you look hard enough. May all your days be bullish kickers!
Excellent CandleStick Trading Book.......2007-05-05
I am a beginner Commodities/Futures Trader, and am in the process of learning everything I can about all the various trading tools and charting methods. My expectations after having read a lot of books now, is that the book should contain a focused look at the 'topic' followed by primary, secondary and tertiary examples of how the methodology of the subject can work effectively AND when it doesnt work well. Stephen Bigalow did an excellent job. The only weakness? The vast amount of analysis provided was for Stock Traders, even though the CandleStick methodology was invented for commodities/futures trading. There is a 3 page section that covered how effective the Candlestick charting method is for commodities trading, but in those 3 pages, he basically says that Candlesticks were invented for Commodities Trading and all the examples that are in the book apply BETTER for commodites as the underlying factors of price in Commodities are not as variant as they are with stocks. Bingo. So why all the analysis based on Stock Trading? I guess he had to play to the larger market of buyers. Anyway, he covers every kind of pattern, and his explanations are clear, succinct, and understandable. I highly recommend this book if you want to understand CandleStick's.
Good fundamentals.......2007-01-12
This book is an excellent introduction into Candlestick Trading. The author shows how to gauge market sentiment in an unusual way. Highly recommended!
Candlestick patterns work -- regardless of whether the market rises or falls !!.......2006-09-09
I attended Steve's seminar 2 years ago, and have been using candlestick patterns ever since. This is an excellent book which provides an easy-to-read introduction to candlestick charts. Steve's approach is a major element of my trading plan.
Great Reading.......2006-05-29
This is an excellant written book,simple step by step explanation of the candlestick methodology. I was impressed with the ease in which I learned the 12 Major candlestick patterns.This book has taken the mistry out of candlestick reading,
and it will place a wealth of knowledge in the hands of newbee traders like myself.Excellent book.
Book Description
This comprehensive book on bonds takes a practical real-world approach to the subject, and includes a detailed discussion of each type of bond including a wide range of products. Specific chapter coverage discusses not only the instruments, but their investment characteristics, the state-of-the art technology for valuing them, and portfolio strategies for using them. For portfolio managers, fixed income trades, and salespeople.
Customer Reviews:
Don't be misled by the title........2007-03-19
I purchased this book with a lot of expectations. But this book contains neither analysis nor strategies. It only contains glossary of terms used in various Bond markets. Don't be fooled by the planted reviews :)
I reviewed this book for the publisher (prior edition).......2004-04-22
I was a major peer reviewer for the publisher of "Bond Markets, Analysis and Strategies," and have used it several times (perhaps as many as 10 semesters) for both undergrads and MBAs. I have no incentive to give this book any particular rating, but I HIGHLY RECOMMEND IT TO EITHER PRACTITIONERS AND ACADEMICS, AS IT IS AN EXCELLENT TEXT! There are very few weaknesses, and I disagree with most of those cited by the other reviewers listed here. It is clear, concise, loaded with examples, and beautifully written. It is also closely tied to real-world practice without sacrificing the mathematical modeling. Of course, it is no high-level bond pricing text, but it is not supposed to be--it is a broad introduction to bond markets. As such, it succeeds remarkably. In fact, I often refer to it to refresh my own understanding of the structure and pricing of these markets.
I highly endorse it, and will continue using it.
Lots of Jargon.......2002-11-06
I am a senior majoring in finance at the Curtis L. Carlson School of Management, at the University of Minnesota-Twin Cities. I just got done taking a bond course called: Financial Markets and Interest Rates. For the class we used this text book. Although it is a well-rounded book on bonds, it is very hard to understand if you do not have other examples describing what is going on. My professor who holds an MBA had alternative notes on Microsoft PowerPoint made for us to supplement the hard to understand text. The examples do not fully give a clear idea of what is happening, especially to the beginner learning bonds. I would rate this book 2/5 stars and would look elsewhere for an easier type of book, perhaps a tutorial. This book is used at high level universities including mine and Princeton University. Fabozzi is not fooling around when displaying info on bonds.
Excellent introduction to Bond Markets - VERY well written.......2002-06-15
If you think of this as an introductory book to the world of Bonds rather than a field manual for professionals you will find this to be a wonderful book. I find it to be engagingly written (yes, engaging!) with well-chosen examples. It is very nice to be able to read a book about Bonds and find it stimulating. It would have been easy to write a book that could act as a sleep-aid. Instead, this book provides learning objectives for each chapter and the prose is so inviting that I felt the book to be a page-turner.
The math used is not complicated and is chosen to help understanding rather than demonstrate the sophisticated math used in the actual world of bond trading. If you want that kind of material this isn't the book for you.
I don't know if there is a solutions manual available, but I couldn't find it. If there isn't, there should be. I have never had a college course that used the problems in the book for actual coursework and yet, no matter how simple the problems seem, it is nice for the student to be able to confirm that he or she has indeed found the right answer.
There are also many helpful footnotes that point to materials for further and deeper reading on the subjects introduced in this fine book.
A lot of hand waving, but does help.......2002-04-04
A little too wordy, but as a management text, I guess its a prerequisite. It covers the gamut of fixed income securities, but only approaches the problems deterministically. The first thirteen chapters are "text" chapters, with the real math starting in chapter 14. However, the math used is elementary, and will not be of much help in the real world. For the fixed income math portion look into "Bond Pricing and Portfolio Analysis" by Olivier de La Grandville.
For a first course in bonds, and if the student has no prior background, this book will indeed be useful. But, for advanced students the book mentioned above should be more insightful.
Book Description
This great "how to" book covers the various mechanics of natural gas trading, including the physical (cash) market for natural gas production, transportation, distribution, and consumption. The heart of the text is the definition and demonstration of financial trading tools and techniques. It closes with discussion of more complex structures of trading and the author's philosophy on how a risk management department should function within a natural gas trading company.
Customer Reviews:
Principles.......2007-05-29
The principles of gas trading laid out clearly and concisely. Perfect for my needs.
A Great Book to Learn Natural Gas Trading.......2006-08-04
Even if you do not have a solid understanding of derivatives, this book is really good explaining step by step how the different derivatives are used for hedging natural gas; regardless if you are the producer, trader, or end user. The author gives many examples of how each derivative works. I highly recommend this book if you are starting out as a junior trader, risk products trader, supply planner, etc.
educational sources for practical trading purposes.......2005-07-16
I have not seen any book that describes its domain with such generous detail and is geared for real life trading. The contents may not be enough for those who trade only financial energy instruments, but it is indeed a good course material for the market makers, and hedgers, namely end users and producers. I highly recommend this book to those who are involved in natural gas industry.
Excellent Resource for Natural Gas Traders.......1998-12-05
Was very pleased with the material contained in this book. Although I am a beginner in the natural gas trading field, I found Sturm's book both easy to understand yet challenging in its scope. A great deal of emphasis is placed upon various hedging techniques and many helpful diagrams are included to portray the trading flow. Overall a very unique and insightful book for beginners and for those with years of experience in trading natural gas.
Download Description
Commodities are hot! Learn how to profit now from this exceptional alternative to stock investing. 300,000 new investors start trading futures for the first time every year. Expert insight from a successful trader with over 25 years of real-world experience. Presentation is paced to provide a sound introduction all the way to sophisticated techniques in futures and commodities trading
Customer Reviews:
a balanced introduction.......2007-07-30
If trading is about markets, psychology, technique, then this book is an excellent introduction to these areas. Beeing balanced and only 250 pages, the book does not cover the areas in much depth. This might be a positive or a negative according to what one wants. 5 stars because the book is easy to read and gives an excellent big picture view on trading.
Great Book with a lot pf tips .......2007-05-07
this book is ideal for beginners and pro's that need some directions on how to make things the right way, i must say i enjoyed the small stories in between , overall whoever is looking to begin trading futures it is a must
Excellent Place to Start Your Commodites Trading Education.......2007-05-05
George Kleinman does a fantastic job of explaining the Commodities and Futures markets. Further, he does a great job helping a new trader get some 'legs' to stand on. He provides valuable insight into developing a trading methodology, and helps the beginning trader 'find his way' in the plethora of trading solutions out there. He demystifies how trading is done, and provides solid "Western" and "Conventional" trading practices so that the beginning trader has an excellent foundation to expand their knowledge. I would say that George's suggestions and lessons in the book are the basis for my knowledge (book smarts at this point) and provided the grounding necessary for expanding my knowledge base into Fibonnaci, WD Gann, Candlesticks, and so much more. Basically, it is my opinion that every beginning trader (not stocks but Commodities and Futures) should read this book. He does an excellent job explaining how trades, stops, support, resistance, MACD, Stochastics, Trend Lines, many other various methodologies can aid a trader into making good trades. I highly recommend this book.
Reference book.......2006-07-29
This is a book esp. for begineers. You can find every detail about futures & options. The stories and examples makes the book even much valuable.
Chapter 12 (Traders Psychology), Chapter 13 (Trading Secrets) and Chapter 14 (Jesse's Secret) are good to read even for experienced traders.
The worst part of the book is technical tool TMVTT.
It's a book that you can use as reference anytime. Good to have one.
WRITTEN BY A SUCCESSFUL TRADER.......2006-03-11
If you are interested to start learning about trading Futures, this book is a good reading. Basic to medium level information, well presented.
Amazon.com
According to Jim Rogers, "commodities get no respect." Here are a few reasons why he thinks they should: they are easier to comprehend and study than stocks and behave more rationally since they are subject to the basic laws of supply and demand; they have outperformed many other investment options in recent years; it is foolish to ignore an entire sector of the marketplace; and a bull market is currently under way in commodities--a trend that Rogers expects to last for a least a decade longer. Further, Rogers believes that you cannot be a successful investor in stocks, bonds, or currencies without an understanding of commodities. Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market is designed to introduce the novice to the basics of investing in commodities as well as explain what they are and why they are important. In doing so, he shatters some myths about the relative risks of commodities, explains the relationship between the stock and commodities markets, and provides a succinct analysis and history of the global oil, gold, lead, sugar, and coffee markets.
Rogers also offers practical advice and information for beginners, including the best resources, how to read the commodities reports in the newspaper or on television, the various ways to open an account, information on index funds (such as Rogers' own index fund that he started in 1998), mechanisms, terminology, and other vital details people must know before investing. Clearly written and entertaining, Hot Commodities offers a solid introduction to investments that many people, including financial advisors, fail to give the proper respect. --Shawn Carkonen
Book Description
The next bull market is here. It’s not in stocks. It’s not in bonds. It’s in commodities –and some smart investors will be riding that bull to record returns in the next decade.
Before Jim Rogers hit the road to write his bestselling books Investment Biker and Adventure Capitalist, he was one of the world’s most successful investors. He cofounded the Quantum Fund and made so much money that he never needed to work again. Yet despite his success, Rogers has never written a book of practical investment advice–until now.
In Hot Commodities, Rogers offers the lowdown on the most lucrative markets for today and tomorrow. In 1998, gliding under the radar, a bull market in commodities began. Rogers thinks it’s going to continue for at least fifteen years–and he’s put his money where his mouth is: In 1998, he started his own commodities index fund. It’s up 165% since then, with more than $200 million invested, and it’s the single-best performing index fund in the world in any asset class. Less risky than stocks and less sluggish than bonds,, commodities are where the money is–and will be in the years ahead. Rogers’s strategies are simple and straightforward. You can start small–a few thousand dollars will suffice. It’s all about putting your money into stuff you understand, the basic materials of everyday life, like coal, sugar, cotton, corn, or crude oil. Once you recognize the cyclical and historical trading patterns outlined here, you’ll be on your way.
In language that is both colorful and accessible, but Rogers explains why the world of commodity investing can be one of the simplest of all–and how commodities are the bases by which investors can value companies, markets, and whole economies. To be a truly great investor is to know something about commodities.
For small investors and high rollers alike, Hot Commodities is as good as gold . . . or lead, or aluminum, which are some of the commodities Rogers says could be as rewarding for investors.
From the Hardcover edition.
Customer Reviews:
Good info.......2007-08-14
The book is well written,Jim is very knowledgeable and gives ways in which anyone can invest in commodities. He explains a complicated subject in laymans terms. He also describes the world today and how politics and logistics come into play, a fascinating book.
Good overall intro but don't expect to make a trade after reading it.......2007-07-27
Before reading this book, I barely knew how to spell commodities, much less trade them. This book gives a good high-level introduction to what the commodities market is all about and attempts to get you jazzed about the market for the coming decade. After reading the book, you'll be able to understand the commodity trading lingo and know how to read prices, but will not have enough information (nor the confidence) to make your first trade. It lacks thorough details concerning trading in general, fundamental analysis of futures, and direction on creating a trading plan. I'm currently reading Trading Commodities & Financial Futures by George Kleinman which goes into much better detail of these subjects. I certainly got a better handle on trading by reading Hot Commodities, but it's a bit novice, even for a novice.
Rating Jim Rogers.......2007-07-03
As a result of Jim Rogers, I've actually changed a substantial part of my portfolio. However, this is an endorsement of Jim Rogers, and not the book, "Hot Commodities." I knew no more after reading the book than I did after hearing and seeing him on TV. The message could have been summed up in about ten pages, not 255.
cheap introduction to fundamental analysis.......2007-06-15
The author gives some of his logic why he believes the commodities market is entering a bull market for maybe the next decade, then he follows this with some alternatives to the commodities market followed by the usual introduction about how the commodities markets function. Next he turns to showing how to think about the markets as a fundamentalist--he claims he is the world's worst trader. He talks about the impact of China on the markets, as contrasted with the impact of India and other Central Asian emerging economies (including Russia). Then he illustrates the fundamentalist logic for supply, demand and world politics and their influence on the prices for oil, gold (and lead), sugar and coffee. Along the way he mixes in some of his market experience and insights.
I find the value of the book primarily in his illustration of the kind to thinking and resources needed to perform fundamental analysis of the commodities market. And this is one of the cheapest books to cover the basics.
Commodities.......2007-05-16
Simply coherent, myth depleting writing on what is mistakenly viewed by many as an obscure subject; the coin of which Las Vegas is not made...
Customer Reviews:
Impressionable, but..........2007-08-25
If you are looking for clear cut set of rules/strategy that you, the individual investor, can follow to make money, then look elsewhere. The trend followers solely follow the movement of the price in exclusion to everything else. They identify a trend - uptrend or downtrend - and play upon it. As noted in the book, they react to and not predict the prices.
The methods, far and few, explained in the book are definitely not suitable for me - the retail investor. First of all, I don't have access to a trading system that can follow the rules outlined. Second, I am not a trader in the strict sense myself, where trades are triggered by a system without me realizing what is happening. To perfect such a system would take me ages given that investing isn't my main bread winner. This book will pass off as a great text book in the annals of the Ivy League schools, but when it comes to making money for you, the individual investor again, I think you are better off reading the likes of Jesse Livermore, Nicolas Darwas and William O' Neal. Read the Lessons from the Greatest Stock Traders of All Time' by John Boik or any of William O'Neals books. They define clear cut rules that we can all follow and make money. How else would I have made about 80K in the past three years compared to the first 8 years of my investing where I barely made any.
There are a lot of anecdotes in the book - literally, every page has 2-3 of these. All of these may impress, but in the end they are nice to feel scholarly about. If you are a beginning investor, the first chapter -Trend following, all of 22 pages - lays the foundation by explaining the different schools of thought regarding investing. Then there is 55 pages outlining the great trend followers are their performance but never in clear and precise terms or rules what their methods are. It almost feels sycophantic reading about other 'great' beings the way it is written. At last, after reading almost 210 pages, I got to see some system of trading. All these are pretty dry.
This is possibly the only one exception to the many great investing books in my library that I could have borrowed from the library. You will be better off reading 'How to make money in stocks..' by William O' Neal again and again and again.
Not bad, but not very useful.......2007-06-03
I own this book, I even recommend this book. But let me explain the 2 star rating....
While the book is a good history lesson, and shows how some of these guys make a lot of money, it's just not practical advice for the rest of us. I highly doubt that many of us have a billion dollar hedge fund to run.
Also, there are no real strategies in this book.
However, it did get me thinking in a different way. So for that, it is worth the money. (The main thing was to allow for larger swings against your position, allow the market a little more room than I did before.)
I know that this guy sells other products on his website, but to be honest, I don't see them being worth it. Most of this book is about defending trend traders, which is fine, but I wasn't attacking them in the first place.
I have begun to use the 4 hour chart more with his thinking, and I have to say it makes a little more sense. Not to get caught up in "micro-movements" as I call them. But to allow massive 300 pips swings against you on a weekly chart isn't practical for most of us.
So in conclusion, I think it's a good read, but if you get what I got out of it from my review, then it may or may not be worth the money.
It describes trend followers but does not give any sysytems.......2007-06-01
If you want to read about trend followers you can get this book. But if you want books with trend following systems do not waste your money.
Listen to the author's podcasts before you dismiss him based on negative reviews........2007-05-25
I discovered Michael Covel in a web search for "trading podcasts" and find his audio diatribes refreshing, inspiring, offering a real perspective on trading discipline.
A link to the podcast directory is at the turtletrader dot com web site, they are just a few minutes in length and worth your time.
At least listen to the one titled "Understand your emotions", it is worth your time and an important reminder to anyone running any amount of money.
Sometimes the author uses his audio forum to respond to negative reviews of his book, if you are listening for the first time, skip the rebuttal and sample another of his podcasts.
Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition, (Paperback).......2007-05-12
Disappointing. Long on theory and very short on practical advice. Not of much use to an individual investor. I would not recommend this book to someone looking for a "how to" book.
Customer Reviews:
Not worth the Time and the Money.......2005-05-01
I am a student who happens to have read both John Hull's 'Options, Futures and Other Derivatives' and his 'Fundamentals'. To say that 'Options, Futures and Other Derivatives' is a good book is a great understatement, and can even be considered an insult. Yet, this book, which is targeted at readers who are not as acquainted with derivatives fails to impress. Through out the book you can feel how John Hull struggles to explain things in a simple manner. Sadly, his efforts have failed, and this is most evident when my fellow classmates had a hard time understanding the materials starting from Swaps. When we reached the section on options pricing, the book lacks the rigorous math that is needed for students to fully appreciate the beauty of deriving things like Black-Scholes. Overall, if you are a beginner, go straight to 'Options, Futures, and Derivatives'. This book is not worth wasting time over.
not worth the money.......2005-02-03
As promised this book contains no calculus.However it looks more like a formula sheet.There are some typos in some important parts.The intuitive explanations for some important topics are omitted or not well explained.Solutions manual is just a waste of time.Actually the book doesn't contain good questions at all.Despite the fact that it's one of the most used textbooks for the entry level in options and futures it's really not worth the money.One can find online lecture notes and do with them without having to pay that much money.
Great Book!.......2002-06-11
I needed to understand everything I could about Futures and Options in a short time and this book was perfect for that purpose. The introduction about futures and options is great and the content in general is very easy to understand and follow. I really liked the examples and the way the author explained each topic. However, I have to confess that maybe my engineering background helped me to understand the math behind, but I believe that even if you don't have much mathematical knowledge you can follow the book.
A big plus of this book is that it contains a chapter about Value at Risk and one focused more on more recent types of derivatives contracts (e.g., energy, weather, etc.).
In general, I think that with this book you could cover more ground more quickly than with other books.
Great Book!!.......2002-04-19
This book is a great introduction to options and futures, I do not have any university experience in mathematics and was able to follow nearly all that I have read so far. However, if you are not comfortable with substituting into equations and following equation derivations, maybe option/futures trading is not for you.
You better know your math.......2002-01-29
The book is a good book IF you know your math. It has been a while since I have done calculus and finance classes and needed to review other books in order to understand all the math. I laughed at the introduction when the author stated math is not needed. While this is partially true, it is because the author expects the reader to memorize his formulas and so omitts some of the steps of how the formulas come about. Do not try to do this book without help or even better yet, without the solution manual. It was a grueling class with more than 1/2 the class dropping it because the book was so hard to understand.
Book Description
Trying to trade stock, bond, commodity and currency markets without intermarket awareness is like trying to drive a car without looking out the side and rear windows—very dangerous. In this guide to intermarket analysis, the author uses years of experience in technical analysis plus extensive charts to clearly demonstrate the interrelationshps that exist among the various market sectors and their importance. You'll learn how to use activity in surrounding markets in the same way that most people employ traditional technical indicators for directional clues. Shows the analyst how to focus outward, rather than inward, to provide a more rational understanding of technical forces at work in the marketplace.
Customer Reviews:
Must Read.......2006-04-13
This is a book that everyone should read. Even if you don't trade this is a great book about economics and will help anyone to understand what moves the markets and why. There are numerous charts in this book comparing different markets to each other in a plain easy to understand format. As a technical book goes this one is easy to comprehend will give the reader a much greater knowledge of the markets and the economy in general. As a trader myself this is one of the best books out on this subject I know of and one of the best books I have read on trading period. As an example a few years ago lots of economists were talking deflation. If you had of read this book you would have known that we were not heading into a period of deflation but inflation. What is presented in this book is not an exact science but will give the reader insight to what the future economic situation will be.
If you liked this book, you'll love his new book...........2004-01-09
Those who were reluctant to accept the benefits of intermarket analysis after reading Intermarket Technical Analysis (1991) will find making the paradigm shift much easier after reading his latest book published in February 2004 called Intermarket Analysis. Murphy has the benefit of some monumental market events in the last three decades to demonstrate his case and he uses them to great effect.
As John pointed out in an interview for Stocks & Commodities magazine I did with him in December 2003, it was his original goal to write the quintessential intermarket book but then found the topic so involved that each chapter could have become a book. There is just so much to discuss. Attempting to cover anything but a small snippet in a review is sheer folly. It is also impossible to do the book justice.
Markets have become so interdependent in the last decade, a correlation that continues to strengthen with time. If those who suffered financial ruin between 2000 and 2002 had read Intermarket Technical Analysis, how many of them could have avoided huge losses and even profited from what occurred? We will never know for sure but is it a risk they anyone can afford to take, especially when considering that the cost of avoidance (cost of the book) is less than $50? For those serious about making money in the market and keeping it, his new book, Intermarket Analysis is an absolute must!
Matt Blackman - Technical writer/review and regular contributor to Technical Analysis of Stocks & Commodities Mag, Traders Mag (Europe), Working Money, Traders.com Advantage, SFO Magazine
The textbook on market forecasting.......2003-11-05
You'll learn a lot from this book. Most investors sit obsessively focused on the market averages. They'll cut on their TV and see the ticker on CNBC be in the green and feel elated or else they'll see it red and get worried. Murphy's book will show you how a study of the bond, currency, and commodities markets along with an analysis of the stock market will help you see the big picture and get a better feel for where the economy and all of the markets are going. The past 3 years has proven to us that just because the stock market has a rally doesn't mean we are on the verge of a big economic boom or a new bull market.
Murphy demonstrates how each of these four sectors interact with one another and the business cycles and if you can grasp the lessons he teaches you then you'll have a clearer understanding of what drives the financial markets. Once you understand these cycles you will be able to forecast the intermediate term trend of the markets. It really isn't that complicated.
The only negative about this book is that it reads like a textbook. It takes a theory of how these markets rotate with one another and demonstrates it with example after example. It takes work to get through the book, but the payoff is well worth it. In fact the lessons in this book are critical to anyone who wants to become a successful investor. In today's environment of rapid boom and bust in which market timing is critical they are more important than ever. Even though it is 10 years old, this is the best book on the subject.
Covers insights many miss.......2003-06-01
This book and its concept dwells into the area of the financial markets and how they affect each other. Its theory meshes with various other market theories in that if one market goes up, another may respond differently. This is one of the handful of books i would recommend to anyone beginning to get serious about the financial markets. I first picked this up in a state library, much to my amazement it was brand new and never borrowed, much like a lot of the information in it.
Badly needs updating & poorly executed.......2002-11-18
This book is old (1991) and does not cover the important
facet of sector rotation or how to intrepret this book into a meaningful stock play. Murphy in this book does not even hint at it, thus allot of this information is not truly useful. The concept is superb but the execution quite flawed.
Instead get the other Murphy book:Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications OR Martin Pring's new edition to his updated Complete Technical Analysis. Even Murphy's chapter in New Thinking in Technical Analysis: Trading Models from the Masters
was better than this book, despite its short 25 page conciseness.
Funnily his video on this topic DOES update the book and cover Sector Rotation so Murphy obviously is aware of the oversight.
This book is boring with no payoff. There is too much repitition with no real payoff (sector rotation); if you are truly interested in this important field of study look elsewhere.
Book Description
From the world's foremost authority on chart analysis-- a practical new treatise on mastering powerful trading tools and systems
In the sequel to his best-selling book, The New Science of Technical Analysis, Tom DeMark refines the most popular and precise of his indicators with exacting new attention to real-time trading applications. For the first time, DeMark shares his powerful new indicator, TD Combo, which when combined with the highly popular Sequential Combination is a powerful new tool for understanding market rhythm and calculating price points.
THOMAS DeMARK (Phoenix, Arizona) and his technical indicators have been a major force at some of the largest and most successful trading operations in the world, including his own firm, Devan Capital.
Customer Reviews:
tour de force of technical d'avant garde.......2007-10-23
After reading this book, I understood wholeheartly why so many institutional traders employ Demark's ideas and concepts in their operations. As you know, they are no dummies when it comes to markets. They breathe, eat, and sleep with markets on daily basis. And they use the most ruthless weapons in their arsenals. Tom Demark's tools are exactly just that, sharp cold steely market weapons. Needless to say, I learned a lot from this book. In fact, more so than his previous book.
Professional / amateur divide.......2007-08-08
This is the first time I've commented on a book here on Amazon before reading it.
What strikes me is that the reviews can be broken up into two camps:
- trading professionals working in the industry, who have the indicators already programmed on their terminals, and who have the incentive to use them
- trading amateurs, either complaining about the poor structure, layout or grammer used in the book, or who don't have the means or the ability to program the indicators for themselves.
With this in mind I ordered the book, figuring that I would much rather trade on the same side as the professionals. I gave it four stars so as not to unduly influence the book's current rating.
The methodology in this book made me a professional.......2007-06-04
I took the leap to professional trader after I seriously studied Tom DeMark and the methodologies in this book. My analysis, trading and most importantly, my money making, went to another level. There is a reason that SAC, Paul Tudor Jones and others have relied on Tom DeMark over the years. Retail traders are mostly unaware of these indicators but hedge fund professionals on trading desks all over the world know the name DeMark.
Practical, Useful and Worth Keeping Near Your Terminal.......2007-03-08
Mr. DeMark has put together a practical collection of indicators which investors -- of all time frames -- can use to enhance their profitability.
This book also complements his video series where some of the indicators in this book are described.
Like most technical analysis books, the material presented shares its roots with methods described in many earlier works. However, learning Mr. DeMark's implementation of them will add another dimension to your understanding of technical analysis (on macro and micro levels), and will also improve your bottom line.
Completely Dessapointed.......2006-11-02
The first book of DeMark was good but this one is not a book, is like some manual for some software. All indicators are copyrighted, so you have to use one of the charting software indicated and even doing that you don't have access to the code.
You can't write your own for the software are you using or modify some because there is no formulas explained.
Is like to buy a car and you can't see inside the engine, touch them, stripping, etc. You only can drive.
It's shame, a complete waste of time and money.
At the begging he mention Larry Williams. I suppose if Larry
it had kept the Williams %R formula in the secret he would be one of the most popular traders known.
The dumb trader: pays for a profits promise when buying something, and indicator, an expert, a system.
The smart trader says: before pay, show me the profits an then we see.
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General
| Popular Economics
| Business & Investing
| Subjects
| Books
Japanese Candlestick Charting Techniques, Second Edition
Technical Analysis of Stock Trends
Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points
Study Guide to Technical Analysis of the Financial Markets (New York Institute of Finance)
Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude
