Technical Analysis for the Rest of Us: What Every Investor Needs to Know to Increase Income, Minimize Risk, and Archieve Capital Gains
Technical Analysis for the Rest of Us clearly explains basic areas of technical analysis, such as price pattern interpretation and resistance/support levels, and focuses on those areas that are most useful and relevant to individual investors. Using technical analysis effectively is a skill, and the acquisition of a skill requires practice. You will have many opportunities to practice interpreting stock price patterns, moving averages, and trading volume data.
Financial programs on television show many charts that contain stock price patterns. After studying the contents of this book, you will be able to interpret a stock price pattern and come to your own conclusion about the prospects for a stock. This is advantageous because some of the guests on television programs are not skilled at technical analysis and offer erroneous interpretations of price patterns.
Here is an outline of the content of this book. Chapters 1 through 3 present information on how to analyze stock price patterns, volume of trading data, and moving averages of stock prices. These three subject areas form the basis of technical analysis as it is applied to individual stocks. The last six chapters provide guidance in the broader context of how to apply technical analysis to a variety of investment activities and opportunities as follows:
Chapter 4 describes three types of portfolios—aggressive, balanced, and conservative and gives guidelines for choosing the most suitable one for the various phases of the market. Chapter 5 explains the three basic approaches to the market active short-term trading, making intermediate-term transactions, and investing for the long term.
Chapter 6 describes the best Web sites on the Internet that provide free stock price charts and a wide variety of data and technical indicators helpful to technical analysts. Chapter 7 describes the benefits of closed-end funds and explains their advantages over traditional mutual funds. Chapter 8 focuses on preferred stocks and illustrates how they can be bought both for high dividends and capital gains. Chapter 9 outlines the basics of real estate investment trusts (REITs) and indicates how they can be a good source of high dividends.
- Basic Concepts of Technical Analysis
- Volume Analysis
- Moving Averages
- Portfolio Management
- Technical Analysis and the Stock Market
- Technical Analysis and the Internet
- Analyzing Closed-End Funds
- Analyzing Preferred Stocks
- Analyzing Real Estate Investment Trusts (REITs)