Finding the best trading indicators suitable for your needs isnt easy. With hundreds of choices can distract you. Knowing whats bad and whats good can be something of a minefield. In this article, weve done the hard work for you.
Reviews
1. Market Indicators: The Best-Kept Secret to More Effective Trading and Investing
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Used Book in Good ConditionDescription
A smart trader needs to know what other traders are thinking and doing. Professional traders and investors use a wide range of indicatorssome well-known, some not so well-knownto gauge the state of the market.Market Indicators introduces the many key indicators used by professional traders and investors every day. Having stood the test of time, these indicators will alert the trader to market situations that offer the best chance to trade profitably.
Richard Sipley is a portfolio manager for Boston Private Bank and Trust Company, responsible for trading millions of dollars of assets. Sipley uses these indicators every day in his trading and investing, and he draws on that experience to explain what they are, how they work, and how to use them.
2. Naked Forex: High-Probability Techniques for Trading Without Indicators
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Highlighting on key points...Description
A streamlined and highly effective approach to trading without indicatorsMost forex traders rely on technical analysis books written for stock, futures, and option traders. However, long before computers and calculators, traders were trading naked. Naked trading is the simplest (and oldest) trading method. It's simply trading without technical indicators, and that is exactly what this book is about.
Traders who use standard technical indicators focus on the indicators. Traders using naked trading techniques focus on the price chart. Naked trading is a simple and superior way to trade and is suited to those traders looking to quickly achieve expertise with a trading method.
- Offers a simpler way for traders to make effective decisions using the price chart
- Based on coauthor Walter Peters method of trading and managing money almost exclusively without indicators
- Coauthor Alexander Nekritin is the CEO and President of TradersChoiceFX, one of the largest Forex introducing brokers in the world
Naked Forex teaches traders how to profit the simple naked way!
3. Anatomy of a Volume Profile Trader: Learn strategies for trading the Volume Profile Indicator
Description
Anatomy of a Volume Profile Trader was written for those who want a full understanding of how to analyze a market for real time trading purposes. In this book we review volume traded at price to understand the development of market structure for trade direction consideration. This book contains various methods, strategies and examples of how the Volume Profile Indicator can be used to understand the development of any market or time-frame.4. Technical Analysis for Beginners: A Practical Guide for Charting
Description
In order to reduce printing costs and the selling price, Technical Analysis for Beginners A Practical Guide for Charting, brings together two previously published books:
- Technical Analysis for Beginners Part One Stop Blindly Following Stock Picks of Wall Streets Gurus and Learn Technical Analysis
- Technical Analysis for Beginners Part Two Riding the Stock Market Cycle
Each book is presented in its entirety. Many improvements have been added to previous versions:
- More than 170 full-color illustrations to facilitate the learning of the visual trader
- Improvements for the buy and sell signals on charts
- A glossary of technical analysis terms
- An alphabetical index
Part One: Stop Blindly Following Stock Picks of Wall Streets Gurus and Learn Technical Analysis
This book has been written to help the new traders who trust blindly in those close to them, their colleagues or financial gurus, and want to understand chart patterns before investing in stocks. Easy to understand, the book addresses the people who want to use tools allowing detection of buy-and-sell signals. Inside, youll find examples, tables, charts, and comments of popular stocks. Most of the charts show entry points, exit points, and even false signals. After you read this guide, youll know:
- How to use charts to enter and exit the market at the right time
- How to enrich charts with indicators
- How to spot the markets trend
- How to use the four families of indicators
- How to highlight the trend, the support, the resistance and the trend channel as well as the positive and negative divergences
- Learn about the bullish and the bearish patterns and candlesticks patterns
- How to avoid many traps in the financial markets
- Look at trading psychology and the markets emotional cycle
Part Two: Riding the Stock Market Cycle
This book focuses on the four stages that make up the stock market cycle. Being able to detect, before the crowd, the appropriate time to enter an upward stage is the key for any investor. Each stage can be recognized using technical indicators. The use of technical indicators remains fairly simple. In this book, the technical indicators are grouped into two categories:
- Leading indicators that launch buying and selling signals
- Lagging indicators that detect reversals
The combination of indicators, volume, lines, and patterns with the stages of the stock market cycle leads to better control of trading. Understanding each stage is a great way to anticipate the reaction of the markets. The concept of stages raises some issues. Is my stock in a consolidation period? Are the indicators about to launch an imminent breakout signal? Is the initiated sell signal confirmed by other indicators?
Intelligent Investors are using Tools and Trading Psychology
The use of a screening platform allows you to find the rare gems. Sample forms or search filters are available in this book. These filters can be adapted to any screening platform. The logic in creating search filters remains the same, no matter the screening service provider. Its difficult to leave your emotions aside when your portfolio has lost 10 percent in just one day. Dont put yourself in vulnerable situations. Keep your emotions balanced by investing at the appropriate moment.
Technical Analysis for Beginners A Practical Guide for Charting will give a great boost to your trading performance by learning technical analysis. This guide helps make a better decision and increase your chances of greater profits. Dont let the money to the sharks of Wall Street.
5. Charting and Technical Analysis