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Author: Jamie Saettele
Publisher: John Wiley & Sons
ISBN: 0470208236
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
Crowds move markets and at major market turning points, the crowds are almost always wrong. When crowd sentiment is overwhelmingly positive or overwhelmingly negative ? it's a signal that the trend is exhausted and the market is ready to move powerfully in the opposite direction. Sentiment has long been a tool used by equity, futures, and options traders. In Sentiment in the Forex Market, FXCM analyst Jaime Saettele applies sentiment analysis to the currency market, using both traditional and new sentiment indicators, including: Commitment of Traders reports; time cycles; pivot points; oscillators; and Fibonacci time and price ratios. He also explains how to interpret news coverage of the markets to get a sense of when participants have become overly bullish or bearish. Saettele points out that several famous traders such as George Soros and Robert Prechter made huge profits by identifying shifts in crowd sentiment at major market turning points. Many individual traders lose money in the currency market, Saettele asserts, because they are too short-term oriented and trade impulsively. He believes retail traders would be much more successful if they adopted a longer-term, contrarian approach, utilizing sentiment indicators to position themselves at the beginning points of major trends.
Author: Jamie Saettele
Publisher: John Wiley & Sons
ISBN: 0470208236
Category : Business & Economics
Languages : en
Pages : 208
Get Book Here
Book Description
Crowds move markets and at major market turning points, the crowds are almost always wrong. When crowd sentiment is overwhelmingly positive or overwhelmingly negative ? it's a signal that the trend is exhausted and the market is ready to move powerfully in the opposite direction. Sentiment has long been a tool used by equity, futures, and options traders. In Sentiment in the Forex Market, FXCM analyst Jaime Saettele applies sentiment analysis to the currency market, using both traditional and new sentiment indicators, including: Commitment of Traders reports; time cycles; pivot points; oscillators; and Fibonacci time and price ratios. He also explains how to interpret news coverage of the markets to get a sense of when participants have become overly bullish or bearish. Saettele points out that several famous traders such as George Soros and Robert Prechter made huge profits by identifying shifts in crowd sentiment at major market turning points. Many individual traders lose money in the currency market, Saettele asserts, because they are too short-term oriented and trade impulsively. He believes retail traders would be much more successful if they adopted a longer-term, contrarian approach, utilizing sentiment indicators to position themselves at the beginning points of major trends.
Author: Boris Schlossberg
Publisher: John Wiley & Sons
ISBN: 0471973068
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
Proven currency-specific trading strategies from one of today's top currency analysts "If you trade currency, then you need to have this book on your desk. It's the only book you need for technical analysis of the fastest-moving market on the planet." -Rob Booker, Currency Trader, W.R. Booker & Company "In plain English, Schlossberg lays out the basics in using technical analysis to trade foreign currencies, from the fundamentals of how the FX market works to the variety of technical strategies and trade management techniques traders can employ. Along the way, he offers entertaining examples and observations as well as simple, easy-to-read charts and diagrams. Anyone interested in getting started in the hugely popular FX market would do well to begin with this book." -Sarah Rudolph, Executive Editor, SFO Magazine "Boris Schlossberg has done a fabulous job with this book. It's packed with insightful tips and strategies that are sure to save traders a lot of time and money." -Cory Janssen, CoFounder, Investopedia.com "Schlossberg's book is a great resource for traders just starting out in currency markets. His focus on simplicity is critical for a new trader's education on how to make money." -Andrew B. Busch, Global FX Strategist, BMO Financial Group
Author: Abe Cofnas
Publisher: John Wiley & Sons
ISBN: 1118998677
Category : Business & Economics
Languages : en
Pages : 243
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Book Description
EXPERT, DEPENDABLE FOREX COACHING—UPDATED TO KEEP YOU AHEAD IN AN EVOLVING MARKET The Forex Trading Course is the systematic guide aspiring traders need to enter the market with the confidence and skills necessary to generate wealth. Masterfully written so both basic and complex concepts are readily accessible, this all-inclusive training tool outlines a practical course of action to develop strategies integrating fundamental and technical analysis. It also demonstrates how to identify high-probability patterns and trades, adjust your trading plan for different account sizes, use emotional intelligence to improve trading performance, and much more. This second edition is fully revised to address: • Changes brought about by quantitative easing and central bank intervention—including greater spikes and disruptions in the forex and the influence of global growth and inflation on the market • Using binary options with forex trades to make accurate predictions on direction, targets, and stops • Social media trading and how to navigate herding behavior and swarming patterns • The latest insights and trends in cryptocurrencies such as Bitcoin Complete with practice assignments to reinforce the material and a supplemental website to enhance your knowledge, The Forex Trading Course, Second Edition unlocks your optimal potential for profitable currency trading.
Author: George Protonotarios
Publisher: GEORGE PROTONOTARIOS
ISBN:
Category : Business & Economics
Languages : en
Pages : 146
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Book Description
There are three important conditions to trade successfully in any financial market: a strong fundamental landscape, a nice market structure, and an accurately-measured trading range. If fundamentals agree, and the market structure has proven itself, knowing the trading range is the only thing you need. This book contains a wide variety of technical analysis methods and techniques in order to help investors recognize market structure in early stages, identify support and resistance, and accurately measure the trading range. However, the complex world of financial trading is a zero-sum game. Someone has to lose in order for someone else to make a profit. And as there are a few people making a lot of money, there are a lot of others who lose constantly. This is why clever investors always add a contrarian flavor to their decision-making process, and most of the time, trade against the public sentiment. All financial asset classes follow a similar pattern that starts with fear and ends with greed. Smart traders enter the market when the fear of retail traders pushes prices below their ‘fair value’ and sell when the retail greed pushes prices well above their ‘fair value.’ This never-ending circle between fear and greed creates numerous opportunities for patient traders. On a macro scale, fundamental analysis is the perfect tool for identifying the ‘fair value’ of a financial asset and measure risk. Risk and reward are the two crucial inputs of any investment decision. In addition, technical analysis is useful for the identification of price trends and the optimization of entries in the market. Professional traders use both these analysis methods in their decision-making process. They use fundamental analysis to decide what to buy and technical analysis to decide when to buy. To summarize this concept in just one phrase, always think like a fundamentalist investor when deciding what to buy and act as a technician trader when entering the market. Think like a whale and trade as a shark. Successful trading requires a strong personality and a character that will allow you to trade without fear and greed. Weak hands lose money in the long-run. The stronger your character, the stronger your hands. If you want to be a successful trader, start by building your character, something that cannot be easily taught. CHAPTERS This book covers a wide range of fundamental resources and technical analysis techniques in order to help investors seek proof in the right place. Any successful trading decision must have a fundamental background. Chapter 1 begins with the basics of fundamental analysis when trading equities, Forex currencies, and cryptocurrencies. The main goal of studying fundamentals is to identify investment opportunities. Opportunity can be defined as the difference between the current price of an asset and its real value. Fundamental analysis can recognize risk and reward, the two most crucial inputs of the decision-making process. In Chapters, 2, 3, 4, 5, and 6, you will find various technical analysis methods with many examples and charts. Trading charts can be read significantly easier than raw data. Reading charts is useful not only for identifying key trends but also for recognizing major support and resistance levels. Furthermore, you will learn how to use moving averages, RSI, the Fibonacci Numbers, the Fibonacci Retracement, and the definition of the long-term trend in any financial market. By combining all these different technical analysis tools, you will be able to recognize any market conditions, identify strong trends, spot the potential levels of a trend reversal, but most importantly accurately measure the trading range. In Chapter 7, you will learn about the role of market volatility and its importance for managing risk and achieving portfolio diversification. How to use the Bollinger Bands and ATR when trading indices, and Beta when trading individual stocks. In addition, you will learn about the VIX Index and its ability to predict a financial crisis, but also how to use options contracts to spot incoming market volatility. Finally, you will learn about the basics of Foreign Exchange and cryptocurrency volatility. In Chapter 8, you will find information about seasonality statistics and seasonal patterns. Seasonality refers to a time period in which market data tends to experience common and predictable behavior. Whenever a seasonal pattern has been repeated regularly, it becomes statistically significant. However, seasonality reflects an average reliance on past market data. That means seasonal patterns provide a window of opportunity and not an independent forecasting framework. A seasonal pattern can be any price pattern correlated to a particular month, quarter, or semester. You will be able to find seasonal patterns for Dow Jones Industrial, three popular currency pairs (EURUSD, GBPUSD, and USDJPY), and two key cryptocurrency pairs (Bitcoin and Ethereum against the US dollar). In Chapter 9, you will learn about market sentiment. The market sentiment refers to the views, opinions, and expectations of investors toward the future market conditions. It is very important to distinguish between the experts’ sentiment that you should trade in line with it and the public sentiment, that you should generally trade against it. The greatest trading opportunities in life are against the general public sentiment. You will learn also about the Fear & Greed index, the Overnight Repo Rate, the Perpetual Contracts, and how to use the Commitment of Traders (COT) report. If there is one golden rule when investing, it’s to always diversify your investment decisions. This rule is applicable in every aspect of our life. In Chapter 10, you will learn about money management. Money management refers to the process of achieving risk control over your portfolio by eliminating the unnecessary risk, and it is a key ingredient of long-term trading success. You will learn about market correlations, cross-market connections, position-sizing, the 2% rule, the Reward/Risk Ratio, the Win Ratio, and why you should always trade small account sizes. By combining the information and tools presented in this book you have the opportunity to better understand the mechanics of the global financial markets and significantly increase your odds of winning in the long-run. Success is all about education and building the right character. The more educated you become the stronger your character when others are greedy, and the stronger your hands when others are fearful. George M. Protonotarios, Financial Analyst - M.Sc “Int. Banking & Finance” Salford, UK www.TradingCenter.org
Author: Abe Cofnas
Publisher: John Wiley & Sons
ISBN: 1576603474
Category : Business & Economics
Languages : en
Pages : 288
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Book Description
A practical guide to profiting from the proper use of sentiment indicators In Sentiment Indicators, noted trading expert Abe Cofnas draws on his own trading and training experience as he shares his knowledge about the latest techniques and strategies for using Renko, price break, Kagi, and point and figure tools to successfully analyze all markets. Written with the serious trader in mind, Sentiment Indicators offers key information on these potential-filled tools and how to use each in shaping trading strategies. Along the way, it provides a practical overview of how to implement these little-known indicators and why each can enhance your trading endeavors. Shows how these indicators work in different markets: futures, equities, forex, and others Provides a solid understanding of charting techniques and uses real-world examples to illustrate strategies and tactics Presents new sentiment research that analyzes word mining and what it means for markets From historical context and Robot Trading alerts to the critical factors of a trading system, Sentiment Indicators presents a proven approach to trading that will help you identify conditions that have a high probability of profit.
Author: Grace Cheng
Publisher: Harriman House Limited
ISBN: 0857190245
Category : Business & Economics
Languages : en
Pages : 264
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Book Description
Many traders go around searching for that one perfect trading strategy that works all the time in the global FOREX (foreign exchange/currency) market. Frequently, they will complain that a strategy doesn't work. Few people understand that successful trading of the FOREX market entails the application of the right strategy for the right market condition. 7 Winning Strategies For Trading Forex covers: - Why people should be paying attention to the FOREX market, which is the world's largest and most liquid financial market - How understanding the structure of this market can be beneficial to the independent trader - How to overcome the odds and become a successful trader - How you can select high-probability trades with good entries and exits. Grace Cheng highlights seven trading strategies, each of which is to be applied in a unique way and is designed for differing market conditions. She shows how traders can use the various market conditions to their advantage by tailoring the strategy to suit each one. This revealing book also sheds light on how the FOREX market works, how you can incorporate sentiment analysis into your trading, and how trading in the direction of institutional activity can give you a competitive edge in the trading arena. This invaluable book is ideal for new and current traders wanting to improve their trading performance. Filled with practical advice, this book is a must-read for traders who want to know exactly how they can make money in the FOREX market.
Author: ABE. COFNAS
Publisher: Palgrave MacMillan
ISBN: 9783030065454
Category :
Languages : en
Pages : 118
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Book Description
This valuable book provides a much-needed integration of fundamental analysis of global forces and technical analysis to provide highly probable trades in currency markets. Fundamental analysis is often too vague and not quantified. This book provides insights into fundamental analysis and then calibrates it to trading strategies and techniques. Fundamentals are clearly defined as longer-term economic expectations regarding growth, inflation, and labor conditions. Nearer-term understanding of fundamentals deals with market psychology, where markets are manifest risk-on and risk-off emotions. Currencies are explained as expectations battles generating expectation waves. With real trading examples included to underscore the concepts, Planet Forex gives readers an invaluable primer on trading market sentiment that is unprecedented. This book is a must-read for global forex traders, portfolio managers, and other employees in the forex industry, including exchanges, brokerage firms, and financial planners and advisors.
Author: Richard L. Peterson
Publisher: John Wiley & Sons
ISBN: 1119122767
Category : Business & Economics
Languages : en
Pages : 374
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Book Description
In his debut book on trading psychology, Inside the Investor’s Brain, Richard Peterson demonstrated how managing emotions helps top investors outperform. Now, in Trading on Sentiment, he takes you inside the science of crowd psychology and demonstrates that not only do price patterns exist, but the most predictable ones are rooted in our shared human nature. Peterson’s team developed text analysis engines to mine data - topics, beliefs, and emotions - from social media. Based on that data, they put together a market-neutral social media-based hedge fund that beat the S&P 500 by more than twenty-four percent—through the 2008 financial crisis. In this groundbreaking guide, he shows you how they did it and why it worked. Applying algorithms to social media data opened up an unprecedented world of insight into the elusive patterns of investor sentiment driving repeating market moves. Inside, you gain a privileged look at the media content that moves investors, along with time-tested techniques to make the smart moves—even when it doesn’t feel right. This book digs underneath technicals and fundamentals to explain the primary mover of market prices - the global information flow and how investors react to it. It provides the expert guidance you need to develop a competitive edge, manage risk, and overcome our sometimes-flawed human nature. Learn how traders are using sentiment analysis and statistical tools to extract value from media data in order to: Foresee important price moves using an understanding of how investors process news. Make more profitable investment decisions by identifying when prices are trending, when trends are turning, and when sharp market moves are likely to reverse. Use media sentiment to improve value and momentum investing returns. Avoid the pitfalls of unique price patterns found in commodities, currencies, and during speculative bubbles Trading on Sentiment deepens your understanding of markets and supplies you with the tools and techniques to beat global markets— whether they’re going up, down, or sideways.
Author: Cliff Wachtel
Publisher: John Wiley & Sons
ISBN: 1118237455
Category : Business & Economics
Languages : en
Pages : 1
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Book Description
FXstreet.Com’s 2013 Best Book Award! The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Start is written for the risk averse, mainstream retail investor or trader seeking a more effective way to tap forex markets to improve returns and hedge currency risk. As the most widely held currencies are being devalued, they're taking your portfolio down with them—unless you're prepared. For traders, the book focuses on reducing the high risk, complexity, and time demands normally associated with forex trading. For long-term investors, it concentrates on how to hedge currency risk by diversifying portfolios into the strongest currencies for lower risk and higher capital gains and income. The usual forex materials don't provide practical answers for most retail traders or longer term investors. Virtually all forex trading materials focus on time-consuming, high-leverage, high-risk methods at which most traders fail. Materials about long-term investing in foreign assets rarely take into account the prospects of the related currency. A falling currency can turn an otherwise good investment into a bad one. Throughout the book, the emphasis is on planning and executing only low risk, high potential yield trades or investments and avoiding serious losses at all costs. Packed with richly illustrated examples every step of the way and including additional appendices and references to online resources, the book is the ultimate guide to forex for retail traders and investors seeking to tap forex markets for better currency diversification and income. Provides traders with safer, smarter, less complex and time-consuming ways to trade forex with higher odds of success. These include the use of such increasingly popular new instruments like forex binary options and social trading accounts that mimic expert traders. Shows investors how to identify the currencies most likely to hold or increase their value, and provides a wealth of ideas about how to apply that knowledge to a long-term, low-maintenance portfolio for both income and capital appreciation. Helps anyone seeking an asset class with low correlation to other markets by explaining how the very nature of forex markets means that regardless of market conditions there's always a playable trend somewhere, regardless of what other asset markets are doing, and how to find and exploit it for a short-term trade or a long-term investment in a currency pair, stock, bond, or other asset The Sensible Guide to Forex is only book that teaches mainstream risk averse investors and traders how to build a portfolio that’s diversified by currency exposure as well as by asset class and sector, via a variety of safer, simpler methods to suit different needs, risk tolerances, and levels of expertise. Written by Cliff Wachtel, a 30+ year financial market writer, advisor, and analyst, The Sensible Guide to Forex offers practical solutions to the above dilemmas faced by every serious, prudent investor. A must own for any informed investor-but don’t take out word for it - see advanced reviews at: http://thesensibleguidetoforex.com/review/
Author: Mark J. S. Keenan
Publisher: John Wiley & Sons
ISBN: 111960382X
Category : Business & Economics
Languages : en
Pages : 294
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Book Description
The definitive book on Positioning Analysis — a powerful and sophisticated framework to help traders, investors and risk managers better understand commodity markets Positioning Analysis is a powerful framework to better understand commodity price dynamics, risk, and sentiment. It indicates what each category of trader is doing—what they are trading, how much they are trading and how they might behave under a variety of different circumstances. It is essential in isolating specific types of flow patterns, defining behavioral responses, measuring shifts in sentiment, and developing tools for better risk management. Advanced Positioning, Flow and Sentiment Analysis in Commodity Markets explains the fundamentals of Positioning Analysis and presents new concepts in Commodity Positioning Analytics. This invaluable guide helps readers recognize how certain types of positioning patterns can be used to develop models, indicators, and analyses that can be used to enhance performance. This updated second edition contains substantial new material, including analytics based on the analysis of flow, the decomposition of trading flows, trading activity in the Chinese commodity markets, and the inclusion of Newsflow into Positioning Analysis. Author: Mark J S Keenan, also covers the structure of positioning data, performance attribution of speculators, sentiment analysis and the identification of price risks and behavioral patterns that can be used to generate trading signals.. This must-have resource: Offers intuitive and accessible guidance to commodity market participants and risk managers at various levels and diverse areas of the market Provides a wide range of analytics that can be used directly or integrated into a variety of different commodity-related trading, investment, and risk management programs Features an online platform comprising a wide range of customizable, regularly-updated analytical tools Contains an abundance of exceptional graphics, charts, and illustrations Includes easy-to-follow instructions for building analytics. Advanced Positioning, Flow and Sentiment Analysis in Commodity Markets: Bridging Fundamental and Technical Analysis, 2nd Edition is an indispensable source of information for all types of commodity traders, investors, and speculators, as well as investors in other asset classes who look to the commodity markets for price information.
