Trading

About This Book

Trading stocks, currencies, futures, and other financial contracts is not complicated. Anyone can learn it in a relatively short time. This has been my daily experience for the past decade. Even traders who have tried everything for years without success can make their first profits if trading is explained to them in the right way. This book focuses on technical analysis, price movements, and chart patterns. It teaches effective, ready-to-use trading strategies. But it goes beyond usual technical analysis. It also analyzes trader behavior based on psychological factors and mass psychology. Price movements on international financial markets happen because millions of people interact every day. Buying and selling decisions are influenced by emotions and human behavioral patterns. Whether we're looking at a Chinese speculator from 200 years ago, a Wall Street pit trader from 80 years ago, or a modern trader using a smartphone—the human components hardly differ. Greed, fear, uncertainty, and willingness to take risks have determined human actions for millennia. They've shaped how people maneuver their money around the world's markets for centuries. Those who learn to read buyer and seller interaction from charts can read and handle any price movement. All price charts follow universal, timeless rules that can be interpreted with effective technical analysis. Over the years, more than one million visitors have searched for trading information on our website, tradeciety.com. Every day, traders ask us how they can better understand technical analysis and trading. This book answers these questions collectively. It's the book I wish I had at the beginning of my trading career 15 years ago.