Where can I find information on the theories behind technical analysis?

Studying books on technical analysis alone is not nearly enough, but if that's what you are looking for then I would highly recommend "Technical Analysis of the Financial Markets" by John J. Murphy. It provides a broad overview of the entire field, as well as recounting the history of TA, reasons why it is relevant today, and (most importantly) some discussion of why and how technical analysis principles work. Another great one is "The Candlestick Course" by Steve Nison, though of course that has a much narrower focus. Good luck

Hey,

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Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.

I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org/

personally, while I have learned the basics of how the indicators I use work from my reading. It is only when you really focus on those tools yourself and experiment that you discover how meaningful they become.

You won't get a consensus of opinion on how a particular charting tool "should be used". to me charting is an ART with a little SCIENCE thrown in. I like to watch/read how another chartist approaches a chart...it is usually far different from my approach.....I then cherry pick the bits I like and forget the rest.

The problem I have had with many texts is that the authors often try to be ALL THINGS. For example Candlestick charts...the predictions of direction are made usually on the basis of the last 3-4 candles...Now for long term charts I have not found this useful at all....day trading might be a different story but I don't daytrade....do I use Candlestick charts??? Certainly, but not the fancy candlestick formations....I like the shadows and bodies of the candlesticks revealing micro resistance/support levels that cannot be seen in closing line charts or closing P&F charts.

You don't find that from reading...you get that through experience of doing.

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/ed075

I found this book on MACD to be very good:

http://www.futures-trading-infonet.com/macd-unders...