Technical analysis - the new science, Thomas R. Demark.

Thomas DeMark's book is a true bestseller among technical analysis manuals. True, I would like to immediately note that this textbook is more suitable for people who already have basic knowledge of this subject.

“Technical analysis - a new science”, despite the complexity of this subject, is written in quite readable language; the textbook covers almost all sections of technical analysis.

In addition, some attention is paid to practical issues of trading; the book is easy to read, despite some adaptability of the translation from English.

Download Technical analysis - the new science

. The main sections that you can get acquainted with:

1. Trend lines - construction of supply and demand lines that characterize the trend depending on its direction. minimums and maximums as a basis for constructing trend lines, as well as the selection of other basic points.

2. Trend correction – its components, calculation formulas and application of the results obtained for the most successful entry into the market.

3. Overbought and oversold - as the main indicators of the state of any market, rules for determining, signs and signals for a quick change in the existing trend.

4. Wave analysis - the general concept of this method of studying financial markets, tools for its implementation.

5. Accumulation and distribution - or to describe the contents of this chapter more fully - Working with trade volumes.

How important is the total volume of transactions performed and how does it affect changes in the direction of the trend. 6. Moving Averages – description and analysis of a well-known indicator of technical analysis.

The effectiveness of its application and various calculation methods. 7. Sequenta - the formation of so-called installation sets, on the basis of which entry into the market is made. In a simpler form, these are common Forex patterns that can be discovered by analyzing historical price movement data.

8. Price gaps - gap , conditions for its occurrence and the impact it can have on the prevailing trend.

9. Forecasting Price Ranges – It is quite important to know the potential of a price or how far it can travel within a certain amount of time.

These indicators are used both to calculate possible profits and to place stop orders. 10. Shares – types and features of trading using them.

11. Options - as a simplified way to make money on Forex or other financial markets.

The textbook “ Technical Analysis - the New Science, Thomas R. DeMark” really deserves attention; even a professional trader can learn a lot of new and useful information from this book.