Forecasting financial markets : the psychology of successful investing / Tony Plummer.

Format:

Book

Author/Creator:

Plummer, Tony.

Language:

English

Subjects (All):

Stock price forecasting.

Investment analysis.

Physical Description:

viii, 392 pages : illustrations ; 24 cm

Edition:

Fourth edition.

Place of Publication:

London ; Sterling, VA : Kogan Page, 2003.

Summary:

In "Forecasting Financial Markets," Tony Plummer provides a compelling insight into the psychology of trading behavior and shows how the herd instinct in decision-making can have disastrous results. The ability to make money in markets depends critically on an individual's ability to make decisions independently of the crowd. To attain such independence the investor or trader must acquire the ability to:

Contents:

Part one: The logic of non-rational behaviour in financial markets

Wholly individual or indivisibly whole

Two's a crowd

The individual in the crowd

The systems approach to crowd behaviour

Cycles in the crowd

Techniques for forecasting crowd behaviour

Part two: The dynamics of the bull-bear cycle

The stock market crowd

The shape of the bull-bear cycle

Energy gaps and pro-trend shocks

The spiral and the golden ratio

The mathematical basis of price movements

The shape of things to come

Part three: Forecasting turning points

The phenomenon of cycles

The threefold nature of cycles

Economic cycles

Recurrence in economic and financial activity

Integrating the cycles

Forecasting with cycles

Finding cycles: a case study

Price patterns in financial markets

The Elliott wave principle

Information shocks and corrections

The confirmation of buy and sell signals

Part four: The trader at work

The psychology of fear

The troubled trader

The psychology of success

The mechanics of success

Summary and conclusions.

Notes:

Includes bibliographical references and index.

ISBN:

0749439394

OCLC:

51439295