Making money in today's markets isn't easy, but with the right
approach, you can succeed. No one knows this better than author Tim
Knight, who has been charting and trading the financial markets for
more than twenty years. During this time, his passion for the markets
led him to create Prophet.net—a Web site containing an innovative array
of technical analysis tools—which has been consistently ranked the
number one site for technical analysis by Barron's and Forbes magazines.
Now, in Chart Your Way to Profits, Knight shows you how to use the powerful technology available online in conjunction with technical analysis to analyze markets and make the most profitable trading decisions possible.
Written in a straightforward and accessible manner, Chart Your Way to Profits covers a lot of ground with respect to technical analysis and charting. You'll be introduced to the charting tools ProphetCharts and JavaCharts, so you can discover how to perform your own analysis with the help of hundreds of real-world examples. Along the way, you'll also become familiar with some of the most important rules of sound trading.
Filled with in-depth insight and practical advice, Chart Your Way to Profits also:
- Examines a variety of chart types currently available, how to size and arrange them, and the differences in charting stocks, options, indices, and other financial instruments
- Discusses the mechanics of managing watch lists—as well as chart styles—and how to use them effectively
- Highlights
essential indicators, including moving averages, Bollinger bands, the
parabolic stop and reversal (PSAR), and moving average convergence
divergence (MACD) - Explores numerous analysis methods for
financial charts, such as saucers, multiple tops and bottoms,
trendlines, channels, and Fibonacci studies - And much more
Consistent analysis produces consistent profits. And through the ups and downs of financial markets, technical criteria and charting allow traders to be completely objective in their assessment of price action, while leaving emotion out of the decision-making process. Chart Your Way to Profits can help you do the same, as it shows you how to combine technical analysis with powerful online tools to achieve trading success.
