Tom Dorsey – Using Point and Figure Charts to Analyze Markets

Tom Dorsey – Using Point and Figure Charts to Analyze Markets

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Salepage: Tom Dorsey – Using Point and Figure Charts to Analyze Markets

Product Description

An up-to-date look at point and figure charting from one of the foremost authorities in the field

If you’re looking for an investment approach that has stood the test of time—during both bull and bear markets—and is easy enough to learn, whether you’re an expert or aspiring investor, then Point and Figure Charting, Fourth Edition is the book for you. Filled with in-depth insights and expert advice, this practical guide will help you grow your assets in any market.

In this reliable resource, the world’s top point and figure charting expert, Tom Dorsey returns to explain how traders and investors alike can use this classic technique—borne out of the irrefutable laws of supply and demand—to identify and capitalize on market trends.

✅Describes, step-by-step, how to create, maintain, and interpret your own point and figure charts with regard to markets, sectors, and individual securities

✅Explains how to use other indicators, including moving averages, advance-decline lines, and relative strength to augment point and figure analysis

✅Reveals how to use this approach to track and forecast market prices and develop an overall investment strategy

✅Skillfully explains how to use point and figure analysis to evaluate the strength of international markets and rotate exposure from country to country

Today’s investment arena is filled with a variety of strategies that never seem to deliver on what they promise

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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