Charting Secrets Review

I have come across a few writers and a lot of readers who want to either create or read the ultimate book on charting and technical analysis. A sort of bible or holy grail for chartists. I don’t believe it is or would be possible to create such a book. My reasoning is that as we all have different personalities and learning styles we all look for different things in a book.

So where does Louise Bedfords’s latest book fit? I would suggest that it is a worthwhile book for anyone who has not completed the Security Institute’s course on technical analysis. To me the big plus, and for some a minus, is that it is written in Louise’s friendly informative and instructive style as opposed to being a sleep inducing, dry read that many expect good charting books to be. It is easy reading, well structured and quite thorough for an introductory book on charting. Though don’t get me wrong, by saying introductory I am not suggesting it is thin on detail. It is packed with information that needs to be understood.

To me the biggest bonus of the book are the exercises she insists, pleads and begs people to do before they look at the answers or move on to the next section. Why? Because it is in doing the exercises that the learning and understanding truly take place. Therefore, if you buy the book, and you are hungry for information and understanding, do the exercises and then look at the price charts you have been following and apply what you have learnt. I am convinced that through diligent study you will find that this book’s lessons are worth a thousand times or more than the cost of the investment.

This article was originally published in the Sep/Oct 07 issue of YourTradingEdge magazine (www.YTEmagazine.com). All rights reserved. © Copyright 2009, MarketSource International Pty Ltd.

Wednesday, November 12th, 2008 Trading books reviews

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