This book is unique. It is a comprehensive guide to using technical analysis for trading financial markets. Not only does it provide a thorough knowledge of technical analysis, it also explains how the various financial markets work and how you can successfully trade stocks, bonds, currencies, commodities, derivatives, et al., using technical analysis.
This book is divided into two parts.
PART ONE covers the workings of the different financial markets, with particular emphasis on the stock, commodity and currency markets as these are the biggest trading arenas. This part provides a solid knowledge platform for anyone wishing to trade these markets. For each market, the author explains all the key concepts essential for trading, such as margin calculations, P&L calculations, how to choose the right brokers, etc.
PART TWO is a detailed exposition of technical analysis and its application in real-life trading. The coverage is comprehensive, spanning virtually every method, system and school of technical analysis. Real-life charts and examples are used extensively, supported by illustrations and diagrams for easy understanding. A complete chapter is dedicated to the importance of money and risk management.
The emphasis throughout is on how traders can profitably apply the various methods of technical analysis, trading systems and technical indicators, and not merely on their descriptions.For those starting out in trading, the book offers essential lessons. For experienced traders, it will serve both as a comprehensive guide and a permanent source of reference for successfully trading the various financial markets.
This book is divided into two parts.
PART ONE covers the workings of the different financial markets, with particular emphasis on the stock, commodity and currency markets as these are the biggest trading arenas. This part provides a solid knowledge platform for anyone wishing to trade these markets. For each market, the author explains all the key concepts essential for trading, such as margin calculations, P&L calculations, how to choose the right brokers, etc.
PART TWO is a detailed exposition of technical analysis and its application in real-life trading. The coverage is comprehensive, spanning virtually every method, system and school of technical analysis. Real-life charts and examples are used extensively, supported by illustrations and diagrams for easy understanding. A complete chapter is dedicated to the importance of money and risk management.
The emphasis throughout is on how traders can profitably apply the various methods of technical analysis, trading systems and technical indicators, and not merely on their descriptions.For those starting out in trading, the book offers essential lessons. For experienced traders, it will serve both as a comprehensive guide and a permanent source of reference for successfully trading the various financial markets.