The New Technical Trader by Tushar Chande

Extremely well-organized, comprehensive and written within the context of real-world trading, this guidebook integrates new methods of technical analysis with strategies for effective risk control and money management. Linear regression analysis, new momentum oscillators, VIDYA, Qstick, typical trade profile and contingency planning are among the topics discussed. Tutorials and practical examples explain indicators in detail.

The book is not intended to those who are just doing their first steps in Forex. The author assumes that you have a thorough understanding of the forex market and some advanced mathematical knowledge.

The technical indicators presented here seem to provide one with better tools that he would normally obtain from the over-used an beated indicators sold on the market today. However, it is not a book where you can just read it any apply the techniques straight away. You will need to obtain the necessary programming skills or buy ready-made programs with these indicators. As such the book is more of a reference and explanatory nature rather than one where you can just start applying techniques immediately after you have finished reading it.

But reading this book will provide you a new way to look at the market and its indicators.

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