Quick-Scan: Complete Idiot’s Guide To Technical Analysis by B. Faber
Sometimes, a book comes along whose title leaves us no choice but to do a review in more depth than the mention given in the “Books For Traders” column in Technical Analysis of Stocks & Commodities. There’s no way we could overlook a book with a title like The Complete Idiot’s Guide To Technical Analysis. Though it contains a lot of information that long-term technical analysis traders might not be familiar with and on other indicators they might want to take a refresher course on, the book’s main purpose is to initiate the novice. For that purpose it does a great job. The book’s four parts break down the challenge of becoming a technical analysis trader/investor into well-managed compartments.
Even before getting into the first chapter, “Information is power,” the foreword and introduction contain a good look at the foundation of technical analysis and the objectives of the book. The explanations presented for each aspect of technical analysis are detailed enough to take a good look into each facet of the business. In the beginning, there are enough references to fundamental analysis to contrast the differences between fundamental and technical analyses’ trading and investing styles. There is also a clear and helpful differential made between traders and investors.