Cover image for Forecasting financial markets : the psychological dynamics of successful investing
Title:
Forecasting financial markets : the psychological dynamics of successful investing
Author:
Plummer, Tony.
Personal Author:
Edition:
Third edition.
Publication Information:
London : Kogan Page, [1998]

©1998
Physical Description:
x, 310 pages : illustrations ; 25 cm
Language:
English
ISBN:
9780749425852
Format :
Book

Available:*

Library
Call Number
Material Type
Home Location
Status
Central Library HG4637 .P57 1998 Adult Non-Fiction Central Closed Stacks
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Summary

Summary

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.


Reviews 1

Choice Review

In this third edition of a popular book on investing, Plummer presents a strategy that is part "crowd psychology" and part technical analysis. Thus, the pursuit of trading profits as a common objective for investors ensures that stock market behavior is a crowd phenomenon. Moreover, there is in the author's view a relationship between price movement and an extension of the golden ratio in the Fibonocci sequence so popular in mathematics. Using this extension known as the Golden Spiral along with price patterns in traditional technical analysis, Plummer develops a set of indicators to predict or forecast market trends. The latter part of the book deals with application of the rules developed for short-term trading. The volume is not recommended for college collections. Individual or professional investors who wish to explore a different approach to technical analysis and short-term trading will find the author's approach interesting if not altogether convincing. Public and professional library collections. W. S. Curran; Trinity College (CT)


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