Charting and Technical Analysis PDF Download {Free}

The author of the book Fred McAllen himself carries 25 years of experience as a Stockbroker, Financial Advisor, and Portfolio Manager who shares all the essence of his stock market experience through this book.

McAllen wrapped up this complete book in 19 chapters which have the potential to make you master generating consistent returns on the stocks.

The main objective of writing this book is to teach you to study effective trading and investing methods before stepping into the financial market.

Starting with a glimpse of the Buy and Hold Theory and some basic questions that need to be clarified about the person who is responsible for taking your financial decisions, do they have knowledge and experience and selling a single security in the past?

He also shares the human psychology behind Dollar-cost-averaging, the most prominent factors in Mutual and Index Funds, and how to make them more efficient to bring your returns to a new peak.

For a better understanding, here is the breakdown of the Charting and Technical Analysis pdf book into the most important bullet points mentioned below to digest it deeply:

• Investing and Trading is a double sword as it can profitable for the informed investor, but at the same time, it can be extremely costly for the uninformed.
• The ‘Modern Day Financial Advisors’ can destroy your trading journey in a minute as they are hired even having a lack of knowledge about the financial market.
• How stock brokers and advisors are mainly focused on generating high brokerages by doing unnecessary trades and segments rather than one-time commission.
• Your Investment salespeople usually do various common tools such as Buy and Hold Theory, Mutual Funds, Dollar Cost Average, and Market Timing techniques.
• People usually do not make their financial planning and decisions on paper instead discussing them everywhere.
• So educate yourself rather than relying on financial advisors and salespersons.
• Starting to learn technical analysis with some effective study techniques including The Dow Theory, The Three Trend Market 1. Primary trend, 2. Secondary trend, 3. Minor trend
• The detailed elaboration of the Three Trend Market in all three phases along with the graphical illustrations.
• “Charts are the Footprint of Money”, and the importance of Charts.
• The most effective Candlesticks patterns include Doji, Hanging Man, Spinning Top, Evening Star, and Hammer, and how they can be implemented in charts.
• In-depth guide about Pattern Formations such as Bullish Harami, Bearish Harami, Engulfing pattern, and The Rising and Falling Three methods.
• How to learn the concept of Support, Resistance, and Trends and identify the important levels.
• How to identify the two uncommon patterns Saucers and Spikes and when to take profits and when to stay away from them.
• What are Price Gaps and why do stocks open gap up and gap down compared to their previous closing day?
• What is Market Reversal,  and Percentage of Retracement, and how does it impacts the stock market?
• In the end, what is McAllen’s favorite trading strategy with its elaboration?
• What is StopLoss, Trailing Stoploss, and how you should limit your losses to protect from liquidity?

Besides these techniques and concepts, the last chapter concludes all important techniques bring in one frame for better memorizing of all the lessons.

One thing is certain if you properly learn above mentioned strategies and master them with practice, no one can stop you to become a successful and profitable trader as well as a long-term investor.

I suggest you not rely on just a summary instead you should download the complete Charting and Technical Analysis PDF and e-Book available in the section below for the best understanding.