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.
Click to preview book at Amazon
- Amazon.com: Trading With Traders Book 3 Mastering Technical Analysis: Technical Tools Simplified for
Amazon.com: Trading With Traders Book 3 Mastering Technical Analysis: Technical Tools Simplified for the Novice Trader eBook: Philip Cooper: Kindle Store
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
Have you ever traded?
Have you ever traded currencies or another asset such as stocks?
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
- Why Technical Analysis Works
- Trends and Trend Lines
- Moving Averages
- Support and Resistance
- Pivot Points
- Forex Signals
- W.D. Gann – A Biography and Ideas of a Mathematician
- The Personalities of the Currency Pairs and Trading Sessions
- Fibonacci Retracements
- Bollinger Bands
- Relative Strength Indicator
- Moving Average Convergence Divergence Indicator
- Ichimoku Kinko Hyo
- Commodity Channel Index
- Williams Percent Range Indicator
Comments
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.
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