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Trend trading lets the market do the work for you
Is your portfolio doing all it should? Are you looking for a market-focused way to increase returns? Try your hand at trend trading. Instead of analyzing the performance of a company, analyze the performance of the market as a whole. When you spot a trend, jump on it and let it ride until it's time to move. Whether your strategy is short-term, intermediate-term, or long-term, trend trading can help you capitalize on the action of market and get the most out of every move you make.
Trend Trading For Dummies will get you up to speed on the ins and outs of this unique technique. You'll learn how to spot the trends and just how heavily market analysis figures into your success. You can get as complex as you like with the data for long-term predictions or just go for quick rides that pump up your gains. Before you jump in, you need to know the basics that can help ensure your success.
* Learn the rules of trend trading and why you need a solid system
* Understand technical analysis to make accurate predictions
* Analyze the market and learn what to look for before you trade
* Use leverage to your advantage to make better moves
Trend Trading For Dummies includes trading strategies that you can use as-is, or customize to suit your needs. Thorough preparation is the key to any good trading plan, and it's no different with trend trading. Trend Trading For Dummies allows you to trade using every angle, and will get you out of or into the market in a flash.
List of contents
Introduction 1
Part I: Getting Started with Trend Trading 5 Chapter 1: What Is Trend Trading? 7
Chapter 2: Gathering What You Need to Get Started 15
Chapter 3: Considering the Risks of Trading 25
Chapter 4: Understanding the Advantages and Disadvantages of Trend Trading 37
Part II: Essential Trend Trading Strategies 47 Chapter 5: Price Waves You Can Surf to Profits 49
Chapter 6: Looking at Chart Indicator Tools 61
Chapter 7: Understanding Broad-Based Market Indicators 73
Chapter 8: Knowing What Time You Want to Trade 87
Chapter 9: How to Make Money When the Market Goes Up or Down 97
Part III: Becoming a Top Trader with the Five-Energy Method 103 Chapter 10: Cycle Timing Tools: Finding the Best Time to Enter a Trend 105
Chapter 11: Support and Resistance: Figuring Out the Best Price to Enter a Trend 115
Chapter 12: Using Momentum Indicators to Test the Strength of a Trend 131
Chapter 13: Scale: Confirming the Trade on a Longer Time Interval 143
Chapter 14: Putting It All Together: The Five-Energy Trading Methodology 153
Chapter 15: Seeing the Five Energies in Action 167
Part IV: Determining Where, When, Why, What, and How to Trade 191 Chapter 16: Understanding Leverage 193
Chapter 17: Choosing a Trading Time That Works for You 201
Chapter 18: Creating Watch Lists to Find the Best Opportunities 211
Chapter 19: Using Relative Strength to Make More Money 223
Chapter 20: Scanning Markets with Technology 233
Part V: Managing Risk and Following the Keys to Success 243 Chapter 21: Practicing Diversification 245
Chapter 22: Hedging Your Position to Protect You from Losing All Your Money 253
Chapter 23: Using Stop Signs to Keep You Safe 263
Chapter 24: Documenting Your Trades and Printing Your Charts 279
Chapter 25: Reviewing Your Trades - Always! 291
Part VI: The Part of Tens 299 Chapter 26: Ten Habits of Highly Effective Trend Traders 301
Chapter 27: Ten Common Misconceptions about Trend Trading 307
Index 313
About the author
Dr. Barry Burns is the founder of TopDogTrading.com, which he created to help students shorten their learning curve in becoming professional traders. He was also the lead moderator for the FuturesTalk.net chat room, has written numerous articles, and has been featured in several books and online trading radio interviews.
Summary
Trend trading lets the market do the work for you Is your portfolio doing all it should? Are you looking for a market-focused way to increase returns? Try your hand at trend trading. Instead of analyzing the performance of a company, analyze the performance of the market as a whole.
