Anna Coulling : Stock Trading & Investing Using Volume Price Analysis : Over 200 worked examples

Anna Coulling : Stock Trading & Investing Using Volume Price Analysis : Over 200 worked examples

Course Detail

Salepage: Anna Coulling : Stock Trading & Investing Using Volume Price Analysis : Over 200 worked examples

Merchandise Description

In this book with more than 200 real-world examples for stock traders and investors, you will discover a system that was used by the famous traders of the past to accumulate their vast riches. Understanding the power of the tape, which only gave two crucial pieces of information—price and volume—helped successful traders like Jesse Livermore, Richard Wyckoff, and Richard Ney to forecast the direction of the market. Richard Wyckoff also broke down the volume price analysis approach into three core principles. It is a powerful strategy that can be used to all markets, instruments, and timeframes, regardless of whether you are an investor, trader, or speculator. The majority of the examples in this book are taken from the US stock markets, but they are also drawn from the futures markets, where bonds, indices, commodities, and derivatives involving currencies are exchanged. Together, the fully annotated chart examples and the text that goes with them provide a comprehensive study of the volume price link and provide hints as to the way the stock may move in the future. Whether you choose your stocks for growth, dividend yield, option methods, or speculative day trading, volume price analysis will also advise you which stocks to buy or sell and when.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

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