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Can you suggest a book for learning how to read gold and silver charts?

August 10, 2012, 12:00 PM Przemysław Radomski , CFA

I am a new subscriber and new trader. Can you suggest a book for learning how to read charts such as the ones presented on the site? Thank you.

You might try "Technical Analysis and Stock Market Profits" by R.W. Schabacker. It was first published about 80 years ago, but it's still relevant today as investors' psychology doesn't really change over time. And the same can be said for price patterns, which reflect that psychology.

While it's not really about recognizing chart patterns, we suggest that you read Jack Schwager's "Market Wizards". It features many different strategies - unique, yet all successful and quite inspiring. Actually, it was this book that inspired us to write an essay on gold trading vs. gold investment that we posted on the website, The Universal Investor.

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