5 best books on graphical analysis for trading

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Graphic analysis is the heart of trading. Of course, you need to be able to read these mysterious lines. Here are the books that seem especially useful to me:

  1. "Technical Analysis of the Financial Markets" by John J. Murphy. A classic in the genre. Even in 2025, it remains relevant. It covers the basics, patterns, indicators. Market trends, trading volumes – it’s all here. It works with both traditional assets and digital ones.

  2. "The Trading Mastery" by John Carter. New edition with fresh strategies. Entry and exit points on the charts. Psychology is important. Lots of practice. The author knows his stuff.

  3. "Japanese Candlesticks: Chart Analysis of Financial Markets" by Steve Nison. Candles are an art! Nison reveals the secrets of this ancient technique. Candlestick formations predict price movements. It seems simple, but it's profound.

  4. "Chart Trading Systems: A Professional Approach" by Alexander Elder. Create your own system. Elder combines technique, risk, and psychology. It turns out delicious. Not everything is clear at first, but it's worth it.

  5. "Graphs and Neural Networks in Trading: Modern Algorithmic Approaches." Recently released, in 2024. It seems the future is already here. Machine learning meets classic graphs. Graph theory in trading? Sounds a bit scary, but intriguing.

From classics to neural networks – this is the journey that technical analysis has taken. Study. Experiment. Create your own strategies. The market is waiting. And it doesn't always forgive mistakes.

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