Forecasting Financial Markets: The Psychology of Successful Investing
- Publish Date: 1998-06-01
- Binding: Hardcover
- Author: Tony Plummer
The ability to make money in financial markets depends most critically on an individual's ability to make decisions independent of the crowd. This work shows traders how, by being aware of the forces at work in the financial markets, they can use them to their own advantage. It focuses on: the way that the crowd influence creates specific price movements and patterns, rhythmic oscillations and mathematically-related price movements; the design of trading systems; knowing when to enter a position or exit a position; how market price movements trigger negative and self-defeating behaviour patterns; how best to recognize these patterns and override them; and how to enhance confidence in one's ability to succeed. This edition is fully revised and updated, giving fresh insights into the psychology of trading and market activity, and showing how to achieve trading advantage.