If you are a trader and into technical analysis then, ‘The New Science of Technical Analysis’ written by Thomas R. DeMark is a must read book. This book has been in print for years now, and is read by experts as well as new traders alike for they all consider it a fundamental requirement for trading Forex or binary options for that matter.
The New Science of Technical Analysis by Thomas R. DeMark is filling the void that has been created by technical analysis books that fall into two broad categories; the ones that are marked by a lack of rigor in thought, lack of back testing and the second they lack any form of real verification, and sparse foundations.
The New Science of Technical Analysis by Thomas R. DeMark on the other hand is backed by claims and the reasons behind the claims; thus, the writer has been able to maintain sanity and plausibility well. Coming from a much famed speaker, this book is handy for traders who wish to do technical analysis before they venture to Forex or binary options trading.
The reviews from several traders who claim that they lost countless dollars on sham techniques they learned at seminars and reading books by others; however, when they read The New Science of Technical Analysis by Thomas R. DeMark, they were able to gain confidence and the much needed trading skills.
The book has a foreword by John J. Murphy who says that “DeMark’s work as a consultant has been restricted to large institutions and many of the legendary traders in the world today; however, his knowledge is not limited now for a select few but to all. Reading The New Science of Technical Analysis by Thomas R. DeMark, traders can learn creative ideas that help them trade competitively.
The writer of the book has emphasized on the ‘new science’ of technical analysis which according to him helps push the technical frontier another step forward and ultimately helps traders shine while trading Forex or binary options. Moreover, when trading is more visibly dependent on technical analysis, The New Science of Technical Analysis by Thomas R. DeMark is definitely going to be of great role.
The New Science of Technical Analysis by Thomas R. DeMark is filled with innovative, creative, and clever new ideas on technical analysis which are going to play vital role in the way trading is being done world around. Additionally, the traders who wish to excel in trade must know that technical analysis is what differentiates a successful trader from failed traders.