The book shows how you can radically improve the quality of market movement forecasts and identify bullish and bearish trends in time. The methods and approaches from the book can be applied to various markets—stocks, futures, FOREX, bonds, indices, and many others. The book places great emphasis on trading psychology: using multiple examples, it shows that the profit gained from trading and investing is determined by what happens inside you.
Quote
“Money has no inherent value (or it does, but very little) aside from the value we assign to it.”
Why read
The authors aimed to make the book’s material applicable to all today’s markets; to teach both new and experienced traders to foresee and recognize upcoming bull and bear markets and respond to them using technical techniques; to help traders profit from more short-term trading as well as from long-term investing when appropriate.
For whom
For traders, investors, and financial analysts.
Despite the use of many new terms and concepts for many people (which are explained in detail), the book is, in essence, written very simply and accessibly for everyone. It can become a study guide for beginner traders.