Who is John Murphy
John Murphy (Technical Analyst): Known as "the father of technical analysis", he is one of the leading experts in the field of trading and technical analysis of financial markets. He worked as a technical analyst for CNBC for 7 years and is the author of several books, the most famous of which is "Technical Analysis of the Financial Markets". He contributed to the creation of a new branch of market analysis that focuses on global connections.
#Summary_of_John_Murphy's_Book
💎 3 Secrets from John Murphy to Understand the Market➡️
⭐️ Imagine you are in the market for the first time…
Prices are moving in front of you, news, politics, and economics, and every analyst has a different opinion.
And suddenly… John Murphy comes to you and whispers:
↗️ The first secret:
Price is the only truth.
Any news or rumor… you will find it reflected on the chart before it even reaches your ears.
↗️ The second secret:
The trend is stronger than any news.
Like a wave in the sea, it moves and continues until it breaks… and the market is the same.
↗️ The third secret:
History repeats itself.
The patterns that occurred before will reappear.
⚠️ Murphy emphasizes:
📊 The important thing is not just to know the right direction… the most important thing is to know when to enter and when to exit at the right time.