The Nature of Trends: Strategies and Concepts for Successful Investing and Trading (Wiley Trading): Ray Barros
- Filed under: Recommended
Editorial Reviews
Product Description
Today’s market participants have a myriad of tools at their disposal. Yet the success rate is that of old - 80% to 900f traders fail to achieve their financial goals. This book shows traders how to get their investment act together. It covers in detail the three requirements needed for success: Winning psychology, effective money management and a written trading plan with an edge.
* The Nature of Trends also provides unique tools (for example the MIDAS tool) that provide low risk trade entry by telling the trader the level at which an entry may be safely effected
* Finally, the book provides the “Rule of 3″ to manage a trade. These rules allow the trader to take profits and hold on for long-term profits without increasing risk
From the Inside Flap
Today’s market participants have a myriad of tools at their disposal. Yet 80% to 900f traders still fail to achieve their financial goals.
The Nature of Trends draws on the latest developments in neurology, psychology, game theory and complexity theory to construct a written trading plan with an edge. The book’s step-by-step approach will assist traders in their quest for investing or trading success.
The Nature of Trends provides a template for a successful trading plan: It assists the trader to answer questions such as:
- What are the conditions for low-risk entry?
- What is the trend of my time frame?
- Once in a trade, how can I risk be managed?
Trading or investing is a probability game, requiring tools that will swing the probabilities in the trader’s favor. A technical trader’s best chance for long-term success lies in identifying the path of least resistance (trend) of his time frame. These key ideas of trend and time frame are essential for profit. Barros Swings, introduced in this book, provide a means to determine visually both the trend, and the time frame of (or changes in) that trend.
The Nature of Trends also examines other unique tools (for example, the MIDAS tool) that provide low-risk trade entry by indicating the level at which an entry may be safely effected.
This practical guide to identifying trends and determining their likelihood of continuing or changing is an essential tool for traders looking to increase their probability of achieving their financial goals.
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