Chart Your Way to Profit will show readers how to harness the technology available on www.prophet.net to analyze markets and make trading decisions. The book will discuss the fundamentals of technical analysis, including chart patterns and technical indicators. Most importantly, the book will show readers how to design their own charts and indicators in a way that enables them to easily monitor the markets and make solid trading decisions. The Internet has made a huge amount of technical market information available at very low cost. This book shows traders how to organize the information in a way that best supports their trading activities. See attached outline.
Book Details:
- Author: Tim Knight
- ISBN: 9780470125274
- Year Published: 2007
- Pages: 432
- BISAC: BUS036000, BUSINESS & ECONOMICS/Investments & Securities / General
About the Book and Topic:
Chart Your Way to Profit will show readers how to harness the technology available on www.prophet.net to analyze markets and make trading decisions. The book will discuss the fundamentals of technical analysis, including chart patterns and technical indicators. Most importantly, the book will show readers how to design their own charts and indicators in a way that enables them to easily monitor the markets and make solid trading decisions. The Internet has made a huge amount of technical market information available at very low cost. This book shows traders how to organize the information in a way that best supports their trading activities. See attached outline.
Personal computers and easy access to price data make sophisticated technical analysis of the financial markets available at a very low cost. The problem is how does a trader sift through all the available tools to create a viable trading strategy. Various technical analysis websites offer different indicators and different degrees of customization. However, once a trader has committed to a particular website or technical analysis program, the trader is limited by the constraints of the site or program. Sometimes its difficult to translate a technical analysis concept from another source (magazines, books, etc) to a particular analysis program or website. So traders need to be able to find a technical analysis site or program that is in concert with the way they look at the markets and trade.
Strong author platform: Knight is founder of Prophet.net, which has been named the number site for technical analysis by Forbes Magazine and Barrons, and has received similar accolades from other publications. Internet Promotions: Prophet.net and its parents firm (www.investools.com) will promote the book on its website (10,000 paid subscribers and 50,000+ users of free Prophet.net charts). Book/website link: Book readers will be able to implement concepts discussed in book directly on www.prophet.net. Shows how to customize ones market analysis: Utilizing www.prophet.net, the book will show readers how to calibrate and combine technical indicators t create a their own personalized technical analysis approach.
About the Author
Tim Knight is the founder of www.prophet.net, which has been rated by Forbes Magazine and Barrons as the number one on-line site for technical analysis. Prior to starting Prophet, Knight was vice president of technology products for Montgomery Securities, where he helped developed PC-based trader workstations before the development of web trading. Knight has traded for over 20 years, primarily using technical analysis and price charts. He provides regular commentary on his blog: tradertim.blogspot.com.