The introduction to the Magee system of technical analysis. In a new edition by W. H. C. Bassetti. Incl. 1 CD-ROM (Q2770558)

Founded by John Magee, the Technical Analysis (TA) consists of those methods and toots that help analyzing the stock markets from an engineering point of view. This 8th edition of Magee's book on TA is a complete introduction into the TA field, and is meant to initiate the newcomers in the study of technical investment and trading. The intelligent application of TA techniques is not an infallible way to investment success; this book cannot help directly and immediately, but gives the means for a long-term success in investing. To achieve this, one must understand the psychological, mental rules of trading, must stick to the initial investment plan, and never give it up even it seems doomed or hurry into taking largely profits. NEWLINENEWLINENEWLINEThis book gives to the newcomer a thorough grasp of chart-oriented TA and the basics investing following the technical methods. It explains statistical and number-driven systems, short-term trading methods, and offers background on options and futures, on all these topics, with indications for more advanced study. The book contents is organized on sections, with 11 chapters, and 4 appendices, the suggestive titles of the sections being as follows: Section I: A brief history of dow theory and the foundations of TA; Section II: The central concepts and vocabulary of TA; Section III: Magee's methodology: risk management, portfolio management, and rhythmic trading. Pragmatic portfolio theory from Bassetti; Section IV: Other TA tools: number-driven techniques, candlesticks, and point-and-figure-charting algorithmic trading; Section V: Considerations for traders/investors of whatever stripeday traders to long-term investors; Section VI: Trading only half systems and methods: the other 90\% is mental; Section VII: Appendices (A. Selected John Magee letters; B. Tekniplat charting; C. Continuous study plan; D. Resources). NEWLINENEWLINENEWLINEThe main purpose of the book is to give traders an indispensable perspective and foundation on which to add further studies, and addresses the largest class of possibly interested people, from all types of economists to mathematicians and programmers, and to applied psychology and philosophy aspects. The CD-ROM attached to the book contains its PDF format contents, an indicator-insight (PDF), various Internet links to the Free Updates, Paid Services, TA-oriented seminars and workshops.