A lot of work has been conducted on time series classification and similarity search over the past decades. However, the classification of a time series with high accuracy is still insufficient in applications such as ubiquitous or sensor systems. In this paper, a novel textual approximation of a time series, called TAX, is proposed to achieve high accuracy time series classification. l-TAX, an extended version of TAX that shows promising classification accuracy over TAX and other existing methods, is also proposed. We also provide a comprehensive comparison between TAX and l-TAX, and discuss the benefits of both methods. Both TAX and l-TAX transform a time series into a textual structure using existing document retrieval methods and bioinformatics algorithms. In TAX, a time series is represented as a document like structure, whereas l-TAX used a sequence of textual symbols. This paper provides a comprehensive overview of the textual approximation and techniques used by TAX and l-TAX