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Informationen zum Autor Tony Plummer is a director of Helmsman Economics Ltd, and is a former director of Guinness Flight Hambro Global Fund Managers Ltd, Hambros Fund Management PLC, and Hambros Bank Ltd. He carries out independent research into the patterns and rhythms of global markets as well as giving global lectures on crowd psychology and technical analysis. Klappentext Forecasting Financial Markets provides a compelling insight into the psychology of trading behaviour and shows how "following the herd" can have disastrous results. It demonstrates how your ability to make money in the world's financial markets depends critically on your ability to make decisions independently of the crowd. Given the impact of the global credit crunch! it has become even more essential to be able to distinguish between short-term and longer-term trends at a time when panic selling and 'fire-sale' purchases are common. Forecasting Financial Markets details the three dimensions essential to achieve successful trading! including an ability to understand the forces at work in logical terms! recognize (and neutralize) any emotional responses to market fluctuations! and design an investment process or trading system that generates objective 'buy' or 'sell' signals. Taking the author's latest research into account! this important book provides you with an in-depth assessment of the phenomenon of cycles! patterns of economic and financial activity! and how to use cycles as a forecasting tool - including the author's forecasts for when the global economy will emerge from its current downturn. Zusammenfassung Forecasting Financial Markets provides a compelling insight into the psychology of trading behaviour - and shows how a clear understanding of such patterns! and the ability to neutralise emotional responses to market fluctuations! can increase investment success. Inhaltsverzeichnis Part One: -The logic of non-rational behaviour in financial markets1 Wholly individual or indivisibly whole 2 Two's a crowd 3 The individual in the crowd 4 The systems approach to crowd behaviour 5 Cycles in the crowd 6 Approaches to forecasting crowd behaviour Part Two: The dynamics of the bull-bear cycle7 The stock market crowd 8 The shape of the bull-bear cycle 9 Energy gaps and pro-trend shocks 10 The spiral and the golden ratio 11 The mathematical basis of price movements 12 The shape of things to come Part Three: Forecasting turning points13 The phenomenon of cycles 14 The threefold nature of cycles 15 Economic cycles 16 Recurrence in economic and financial activity 17 Integrating the cycles 18 Forecasting with cycles 19 Price patterns in financial markets 20 The Elliott wave principle 21 Information shocks and corrections 22 The confirmation of buy and sell signals Part Four: The psychology of trading23 The psychology of fear 24 The troubled trader 25 The psychology of success 26 Summary and conclusions...
About the author
Tony Plummer is a director of Helmsman Economics Ltd, and is a former director of Guinness Flight Hambro Global Fund Managers Ltd, Hambros Fund Management PLC, and Hambros Bank Ltd. He carries out independent research into the patterns and rhythms of global markets as well as giving global lectures on crowd psychology and technical analysis.
