Forecasting Financial Markets: The Truth Behind Technical Analysis - Tapa dura

The second edition of this controversial book examines how technical analysis can be used to predict price trends accurately and thus ensure long-term survival for those trading in financial markets. The author also considers the emotional element which exists in investment decisions, where the behaviour of individual investors is influenced by the attitudes of other investors, resulting in something akin to a crowd mentality. By standing back from this and by trading according to certain predetermined rules and price patterns, which the author explains in detail, investors can gain a far greater insight into the behaviour of financial markets and ultimately influence their own success in those markets.