Forecasting Financial Markets provides a compelling insight into the psychology of trading behaviour and shows how qfollowing the herdq can have disastrous results. It demonstrates how your ability to make money in the world's financial markets depends critically on your ability to make decisions independently of the crowd. Given the impact of the global credit crunch, it has become even more essential to be able to distinguish between short-term and longer-term trends at a time when panic selling and 'fire-sale' purchases are common. Forecasting Financial Markets details the three dimensions essential to achieve successful trading, including an ability to understand the forces at work in logical terms, recognize (and neutralize) any emotional responses to market fluctuations, and design an investment process or trading system that generates objective 'buy' or 'sell' signals. Taking the author's latest research into account, this important book provides you with an in-depth assessment of the phenomenon of cycles, patterns of economic and financial activity, and how to use cycles as a forecasting tool - including the author's forecasts for when the global economy will emerge from its current downturn.... 209 and technical analysis 210a11 see also Berry cycle; cycles; Juglar cycle; Kitchin cycle; Kondratyev cycle; Kuznets cycle; Strauss and Hower ... Wave Principle 285a300 basic wave pattern 286, 286 complete Elliot wave 288 complications 289 corrections 287, 287 complex ... 28, 33 Frisch, Ragnar 49 Frost, Alfred and Prechter, Robert 298 Gartley, H M 140 Gleick, James 58 golden ratio 129 Index 399.
|Title||:||Forecasting Financial Markets|
|Publisher||:||Kogan Page Publishers - 2009-12-03|