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Thomas R.DeMark – The New Science of Technical Analysis
Thomas R.DeMark – The New Science of Technical Analysis
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From the Foreword by John J. Murphy “DeMark’s work as a consultant has been restricted to large institutions and many of the legendary traders in the world today. By sharing his creative ideas with us, as well as his passion for precision and improvement, Tom DeMark’s emphasis on the ‘new science’ of technical analysis helps push the technical frontier another step forward. With the unprecedented attention now being paid to technical analysis, this new book couldn’t have come at a better time.” –John J. Murphy, bestselling author of Technical Analysis of the Futures Markets and Intermarket Technical Analysis, and technical analyst for CNBC “This book is filled with innovative, creative, and clever new ideas on technical analysis. Tom DeMark has done a wonderful job of turning subjective techniques into objective strategies and tactics.” –Courtney Smith President and CIO Pinnacle Capital Management, Inc. “Those who know him and his work call him the consummate technician–a trading system developer without peer.” –Futures magazine “DeMark is the ultimate indicator and systems guy. No one touches him.
I know the Holy Grail of trading systems doesn’t exist because if it did, Tom would have found it by now.” –James Bianco Director of Arbor Trading “Tom DeMark is a genuine leader who has been behind-the-scenes until now. Publishing DeMark is a coup.” –Ralph Vince author of The Mathematics of Money Management
Technical Analysis Course
How to understand about technical analysis: Learn about technical analysis
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
Behavioral economics and quantitative analysis use many of the same tools of technical analysis, which,
being an aspect of active management, stands in contradiction to much of modern portfolio theory.
The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis, which states that stock market prices are essentially unpredictable.
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.
Salepage : Thomas R.DeMark – The New Science of Technical Analysis
About Author
Thomas R.DeMark
Tom Demark Signal system provides buy-sell trading signals for Bitcoin, crypto currencies, indices, forex pairs, NASDAQ 100 stocks and commodities. … A Demark trading strategy helps a trader to evaluate the current state of the trend as well and the likely exhaustion point.9 thg 4, 2018
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