Technical Analysis for the Active Investor provides a successful money manager′s perspective on the tools and techniques market participants use every day whether they realize it or not. Geared toward the active investor, this book serves as bridge toward understanding technical analysis, even if you′re already well versed in the market. You′ll explore the fundamental aspects of diversification, investor psychology, pattern recognition, risk management, and more as you discover who′s using which tools, how they′re using them, and how successful they are in various areas. These techniques are designed to take the emotion out of investing by applying rules that govern almost every investment that fluctuates in price in a free market, giving you a concrete basis upon which to build a more successful investment strategy.
Technical analysis looks at statistics generated by market activity to evaluate securities. If you′ve ever bought a stock, bond, or mutual fund only to watch it go down and then vowed to sell once you "broke even," this book is the solution you need for more accurate and effective market evaluation.
- Learn the true meaning of diversification
- Understand investor psychology and sentiment
- Utilize ratio analysis, intermarket analysis and pattern recognition techniques
- Explore the impact of seasonality, momentum, relative strength, and more
By discussing technical analysis openly, transparently, and professionally, this book shines a light on effective tools and successful techniques that can help you make more money. If you want to understand the markets from an analyst′s perspective, Technical Analysis for the Active Investor provides the guidance, tools, and insight you need.