D.H.Lingerfelt Technical Advisors' Recommended Reading List
D.H.Lingerfelt Technical Advisors' Recommended Reading List(click here to go find any book on Amazon.com)
The following books and periodicals are recommended to enhance your knowledge of Technical Analysis (of Visual Analysis as John Murphy has dubbed it lately). All of these are in my personal library, and I have gleaned a great deal of knowledge from them. I hope that the reader will find them challenging and a valuable resource as well.
The Hedge Fund Edge
by Mark Boucher This is one of the best all time books written on the
subject of investing for low risk and consistant, high returns. I just finished
it and recommend it without reservation. This is a must read for anyone who
desires to get the most out of the investment dollar. It is very complete with
the best summation on the Austrian Economics and the Liquidity Cycle (business
cycle) I have read so far. You can read Von Mises to get the long version but
to get the bottom line, read this one.
Intermarket Technical Analysis...
by John Murphy
This is one of the best books in my library dealing with the interconnection of the various markets available (the dollar and currency market, the stock market, the Bond market, the commodity market, etc.), and the effect each has on the others. It delves into the relationships of the different markets, and the cycles in which they interact.
The Visual
Investor This is another one of John Murphy's books which I can safely say is one of my favorites. Geared for the beginner but also very valuable to the experienced professional. Many good insights into the workings of the markets and how chart reading can be done by anyone. Not too long, and certainly not boring.
Technical Analysis of the Futures Markets
This is the first book by John Murphy that I read and I gleaned a vast amount of insight into technical analysis from reading it. I consider it a classic on the subject and a "must read" by anyone serious about learning this type of market analysis.
Technical Analysis of Stock Market Trends
This is the bible on chart reading and the Dow theory.
No one that I know of has done a greater study of the chart formations and Dow
rules than these two men. An extremely dry and lengthy treatise on the subject,
but one that must be read to understand why formations happen, and what is
going on in the minds of those who participate in the financial markets. Don't
get me wrong, I love this book, but be prepared to spend a while reading it.
Trading for a Living: Psychology, Trading Tactics, Money
Management by Dr. Alexander Elder
This book is a more recent addition to my library, and I
found it containing a lot of very good information on trading in general.
Nothing very new, but a good starting point for the beginner to intermediate
trader and a good reference for the more advanced trader of stocks.
Buffettology : The Previously Unexplained Techniques That Have Made
Warren Buffett the World's Most Famous Investor ~ This book is the explanation of the trading techniques of the famous investor Warren Buffet, written by his former daughter-in-law. I found that this is a very good system for the very long term investor, but also is a good reference for the trader. It provides a good set of criteria for determining which stocks are the best to invest in, and at what price (which is not a discussion found in most systems out there). I highly recommend this book.
The Supertraders Almanac - Reference
Manual : Reference Guide and Analytical Techniques for Investors
by Frank Taucher
This
book is the companion to the above Supertraders Almanac. A very condensed and
concise book on almost every conceivable type of technical and fundamental
analytical technique that there is. I found that this book is a shorthand text
on just about everything to do with analysis, and very well written too. A lot
of charts and hints about details that I loved to
study.
Trading
Financial Futures : Markets, Methods, Strategies, & Tactics Another great book on Interest rates and other financial futures analysis that goes into all the financial instruments and how they work. I found this book invaluable for my education. There are some very good indicators hidden away in this book. I have the first edition, but the next one is soon to be out.
Trading Systems and Methods Advantage (Wiley Trading Series)
This is a book on trading based on technical analysis and although geared for the futures trader, is quite valuable to the stock market as well. There are many chapters on oscillators and other indicators and techniques that are used by the technical analyst. Many good hints on how to interpret the chart activity are explained well. This is the updated version of the one I bought many years ago.
Baron's Finance and Investment Handbook This is a very good reference book on all types of investing with good background material and charts. It contains a financial dictionary that is extremely illuminating reading just in itself. I highly recommend getting this one for your reference shelf to answer those questions that you may not know about the markets or investing.
Standard & Poor's Guide to Sector Investing This book, published in 1995, is one of the best books on mutual fund investing that there is. It deals with the area known as Sector Analysis and gives great historical analysis of the sectors and how to use the information to produce a much higher profit at the end of the day than the buy and hold method. This book is a must for all mutual fund investors. Unfortunately, this is now out of print, but if you can find it, it will become one of your prized possessions.
The
Morningstar Approach to Investing : Wiring into the Mutual Fund Revolution
This is the definitive book on the Morningstar method of mutual fund investing and should be on every fund investor's shelf. It gives the reader and insight on investing in mutual funds not found in other books on the subject. It answers the questions that most people have regarding how to find the best funds available and gives a rundown on the best fund families, best funds, and best fund managers on Wall Street.
The Winning Portfolioby Dr. Paul B.
Ferrell
This is a new book by a great author of the
CBS Marketwatch Mutual Fund site. I am very impressed with this long term
philosophy and have used his ideas for my own portfolio.
Currency Forecasting A Guide
to Fundamental and Technical Models of Exchange Rate Determination
by Michael R. Rosenberg
This is one of the few books on currency
forecasting that I have that one can buy readily. It has the basic models of
price and trend determination as well as some technical studies. The book has
in it's conclusion that the best methods are technical, as do most books on the
subject. This is a good one to have for the foundational aspects on the
fundamental reasons that currencies move.
Technical Analysis Applications in
the Global Currency Markets
by Cornelius Luca
I have
this on my list because, though it does not provide any new information on
currency trading, it does go into the hows and whys, and gives a good treatise
on technical analysis using the currency markets as examples. This is more of a
book on technical analysis than one on the currency markets, but there seems to
be few books out there that covers them well. If you aren't proficient at
technical analysis, and are interested in this market, this is the one for you.
Trading
in the Global Currency Markets
by Cornelius Luca
This is a
more in depth book on how the currency market works than his other book and is
intended for the more advanced trader. It goes into much more detail on the
market and it's fundamental workings.
The following books are others that I find highly informative, though not necessarily intense on technical analysis. Many are economic books and other related trading books that I have found enlightening and informative, and most are readable and I enjoyed reading them. I hope you will find them so as well. And don't forget my book on Mutual funds found on my products page.
Alchemy of Finance by George Soros
The man who can move the currency
markets by a comment.
Methods of a Wall Street Master by Trader Vic
A long time trader with
some great tips. How
to Make Money in Stocks by William O'Neil
The founder and publisher of
Investor's Business Daily has done in depth research in this book.
The Mutual Fund Portfolio Planner by Richard C.
Dorf
One of the best books on the subject of mutual funds and gives much
needed info about them.
Economics
Human Action by Ludwig Von Mises
This is Von Mises'
greatest treatise on Austrian Economics. A must read for anything to do with
the understanding of freedom and Austrian economics.
Economics In One Lesson
by Henry Hazlit
A classic but occasionally revised book on economics that
everyone should read.
America's Great Depression by
Murray RothbardThis is the best book by far on the Great Depression. Dr.
Rothbard shows how the depression was caused by excess spending, central bank
interference in the monetary system by lowering interest rates artificially,
and expansion of the money supply. This book shows how the Austrian explanation
of the business cycle is accurate and how we may avoid depressions totally (if
we want to). I think that this book is one of the essentials for any investor,
economist, or government beurocrat.
The Road to Surfdom by
F.A.Hayek
One of the all time great books on economics and how it effects
world history. A must! The Hidden Order, The Economic of
Everyday Lifeby David Friedman
This book is destined to be a
classic someday. It relates how basic economics exists in every decision.
Free To Choose by Milton
& Rose Friedman great book on economics form the father of the Chicago
School (supply side) position. Principles of Economics by Carl
Menger
A classic form one of the foremost authorities of economics in
history. The Austrian Theory of the Trade Cycle by Ludwig Von
Mises
Another classic from another of the greats.
The Theory of Money and
Credit. by Ludwig Von Mises
Money, Method, and the Market Process : Essays by Ludwig Von
Mises by Ludwig Von Mises
This is a one volume summary of the
best essays of the great Ludwig Von Mises. A little pricy but worth
it.
Champions of Freedom: Austrian Economics: A Reader by
Richard M. Ebeling(Editor)
A must read for the more advanced reader of
economics.
New Ideas from Dead Economists, an
Introduction to Modern Economic Thought by Todd
Buchholz
This book is one of my favorites. Easy reading about the
great minds of the past and how we got to where we are in economic thought.
More of a fun book about an otherwise dry subject. Possibly a good starter book
fro those who haven't read about economics before.
Selected Essays in Political Economy by Fredrich Bastiat
One of the great tretises on freedom and how political freedom and
economics go together best for the benifit of all (except the politicians).
Misc.
Extraordinary Popular Delusions
and the Madness of Crowds by Charles Mackay
Another calssic from the mid 1800's that describes the way
people tend to act in crowds.
Mathematics from the Birth of Numbers by Jan Gullberg
If you are turned on by math in any form, this is one book you desperately
need.
There are many more and I will be adding to this list over time. Please do not consider this list to be exhaustive. These are my favorites and I have chosen to describe them first. Thank you.
Home Mutual Funds Economy Quotes Currency Products Links Contact Us