Forecasting Financial Markets provides a compelling insight into the psychology of trading behaviour - and shows how a clear understanding of such patterns, and the ability to neutralise emotional responses to market fluctuations, can increase investment success.
Über den Autor
Tony Plummer is a director of Helmsman Economics Ltd, and is a former director of Guinness Flight Hambro Global Fund Managers Ltd, Hambros Fund Management PLC, and Hambros Bank Ltd. He carries out independent research into the patterns and rhythms of global markets as well as giving global lectures on crowd psychology and technical analysis.
Inhaltsverzeichnis
Part One: -The logic of non-rational behaviour in financial markets
1 Wholly individual or indivisibly whole
2 Two's a crowd
3 The individual in the crowd
4 The systems approach to crowd behaviour
5 Cycles in the crowd
6 Approaches to forecasting crowd behaviour
Part Two: The dynamics of the bull-bear cycle
7 The stock market crowd
8 The shape of the bull-bear cycle
9 Energy gaps and pro-trend shocks
10 The spiral and the golden ratio
11 The mathematical basis of price movements
12 The shape of things to come
Part Three: Forecasting turning points
13 The phenomenon of cycles
14 The threefold nature of cycles
15 Economic cycles
16 Recurrence in economic and financial activity
17 Integrating the cycles
18 Forecasting with cycles
19 Price patterns in financial markets
20 The Elliott wave principle
21 Information shocks and corrections
22 The confirmation of buy and sell signals
Part Four: The psychology of trading
23 The psychology of fear
24 The troubled trader
25 The psychology of success 26 Summary and conclusions
Klappentext
Forecasting Financial Markets provides a compelling insight into the psychology of trading behaviour and shows how "following the herd" 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.rnrn 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.rnrn 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.
- Post-credit crunch, this book shows how to unshackle the emotional factors from serious investment decision-making
- Demonstrates how to use the analysis of financial cycles as a profitable forecasting tool
- Provides a practical three-dimensional trading plan
