Book Review-Trading With Traders - Book 3

Mastering Technical Analysis

Authors Profile

Philip was born and educated in the United Kingdom. He joined Citibank in London before moving to Athens where he worked as a foreign exchange trader for both Citibank and Chase Manhattan. Philip was then posted to Citibank's Middle East North African Training Centre in Athens/Beirut as the operations manager and a foreign exchange trainer. After returning to the United Kingdom Philip joined Union Bank of Switzerland as the Head of Learning and Development and introduced trading simulations as a safe way for new traders to trade. In 1993 he was appointed Head of Learning and Education for UBS in North America. He later left the bank and went into partnership with two colleagues and set up a successful financial training company (New Learning Developments) in New York City. At New Learning Developments he developed relationships with all the major investment banks such as Goldman, Lehman, JP Morgan, and other major financial institutions such as The Federal Reserve Bank, Chase, Citibank, ABN-AMRO and the World Bank. In 2001 he returned to London where he worked as a training consultant to financial services institutions and the Ministry of Defence. He now spends his time developing knowledge databases for on-line brokerage houses and conducts webinars on foreign exchange and on-line retail trading. He also writes fictional short stories and is in the process of writing a political thriller.

Trading with Traders - Book 3 - Mastering Technical Analysis is the third book in the popular series of eight books written by Philip.

The Books

All eight books in this series are now sold on Amazon.

Mastering Forex Fundamentals

Mastering Candlestick Charts

Mastering Technical Analysis

Mastering Fundamental Analysis

Mastering Complex Trading Strategies

Getting A Trading Edge

Mastering Stocks Commodities and Binary Options

Central Banks and the European Union

Technical Analysis Charts

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Mastering Technical Analysis

Book 3 of the series ‘Trading with Traders’ discusses and teaches the various types of technical analysis indicators used by forex, stock and commodity traders all over the world. It concentrates on the indicators that are most popular with professional and retail traders alike. By the time you have finished this book you should have gained enough confidence to start trading with success on a live account using real money.

Like many novice forex traders you will probably have had a little success and a lot of losses. Don’t give up just yet! Forex trading is not something you can rush into without an education. Take your time to learn the ropes and get yourself a mentor, someone you trust who is a professional trader or self educate yourself by reading and trading on a dummy account. What are the things you have to learn? Well first and foremost it is charting and technical analysis. Charting was covered at length in Trading with Traders - Book 2 - Mastering Candlestick Charts. Mastering Technical Analysis covers the most effective and popular technical analysis tools used by traders today.

Liquidity in the forex market is mainly derived by the big international banks and very experienced institutional investors. Don’t even think about taking these goliaths of the forex trading world on, you will be eaten alive. Learn to swim beside them and catch the same waves they do. Successful traders don’t have any magic formulas or secret indicators that no one else has. They are using simple proven techniques of technical analysis; exactly the same indicators that you will learn to use by reading this book.

A Billion Dollar Day

Content - Mastering Technical Analysis

  1. Why Technical Analysis Works
  2. Trends and Trend Lines
  3. Moving Averages
  4. Support and Resistance
  5. Pivot Points
  6. Forex Signals
  7. W.D. Gann – A Biography and Ideas of a Mathematician
  8. The Personalities of the Currency Pairs and Trading Sessions
  9. Fibonacci Retracements
  10. Bollinger Bands
  11. Relative Strength Indicator
  12. Moving Average Convergence Divergence Indicator
  13. Ichimoku Kinko Hyo
  14. Commodity Channel Index
  15. Williams Percent Range Indicator

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Comments 2 comments

Tamo 23 months ago

Mike, we do have tradeplans petsod on the SST Owner's Club website. The best thing to do is to trade the pairs with the best movement, range and lowest spread costs. It's pretty easy to see if you look at some daily charts and then intraday charts. But when you make low spread costs a necessary criteria, the list gets pretty small. EURUSD, GBPUSD, EURJPY.. Maybe a few others but those are the three best over a long period of time. In fact, if you're day trading, why not keep it simple and focus on just the EURUSD? The SST FX just nailed down +1000 pips during the US session this past month but the Euro Session had some nice movement too.


Emily 23 months ago

Thanks for the advice on cdiert repair on all of this blog. The things i would advice people is always to give up the particular mentality that they buy at this point and fork out later. As a society most people tend to try this for many factors. This includes holidays, furniture, and also items we'd like. However, it is advisable to separate the wants from the needs. When you're working to fix your cdiert score you have to make some sacrifices. For example you possibly can shop online to economize or you can click on second hand outlets instead of costly department stores intended for clothing.

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