A Complete Guide to Technical Trading Tactics By: John L Person
As the name suggests, “A Complete Guide to Technical Trading Tactics “ brilliantly furnishes various aspects of multiple trading methodologies using pivot point analysis which has been proved to be serviceable along with our knowledge of traditional technical analysis and therefore helps us corroborate entry and exit points while trading . Future and option markets is one of the best solution for all who are looking for time tested trading techniques, as it is now developing as a remunerative arena for both beginners and experienced hands.
As the name suggests, “A Complete Guide to Technical Trading Tactics “ brilliantly furnishes various aspects of multiple trading methodologies using pivot point analysis which has been proved to be serviceable along with our knowledge of traditional technical analysis and therefore helps us corroborate entry and exit points while trading . Future and option markets is one of the best solution for all who are looking for time tested trading techniques, as it is now developing as a remunerative arena for both beginners and experienced hands.
Anyone who is expecting even modest profits from trading should have a solid knowledge about the markets as well as the trading techniques used to capitalize on them. John Person, a seasoned trader with long twenty-five years of experience with trading legends, expounds upon various methodologies of trading which include Pivot points, cycle analysis, Candle chart patterns and Fibonacci ratio corrections. While Pivot points gives a brief idea of the market price rates during different time frames, Cycle analysis helps to foretell market turning points. Fibonacci ratio corrections and candle chart patterns are concerned with analyzing and relating the past price rates with the current ones. This stuff gets easier to understand as you review the charts and graphs through out the book. Person goes a step further and does what many trading books do and shares about the mental thought processes which is perhaps the most important aspect of trading, that would surely assist especially a novice to overcome the extremities and stumbling blocks in this trading battle. Despite the redundancy in the literature on the emotional requirements each of the technical topics explained by the author is time tested and will give you a better understanding of the market requirements thus helping us to trade confidently and focused.
To be a successful trader, one need to persistent, hard working and above all emotionally stable (or so the book says, have you met many of these guys though?) Regardless of emotional stability though, an in-depth understanding of the technical aspects of trading is paramount and the author does a great job of covering some important topics that are not freely available with a google search.
Categories:
Equities,
Fibonacci,
Intermediate,
Options