Chart Your Way to Profits, Second Edition shows how to harness the technology available on www.prophet.net to analyze markets and make informed trading decisions. Knight discusses the fundamentals of technical analysis and shows 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. This new edition will discuss a wider range of technical tools and will show readers how to evaluate and compare industry sectors and groups of stocks to identify the best trading opportunities. Written in a straightforward and accessible manner, Chart Your Way to Profits, Second Edition not only thoroughly explains technical analysis, but also provides many real world examples demonstrating how effectively technical analysis can identify high profitable trades.
Book Details:
- Author: Timothy Knight
- ISBN: 9781119200314
- Year Published: 2010
- Pages: 519
- BISAC: BUS036000, BUSINESS & ECONOMICS/Investments & Securities / General
About the Book and Topic:
Chart Your Way to Profits, Second Edition shows how to harness the technology available on www.prophet.net to analyze markets and make informed trading decisions. Knight discusses the fundamentals of technical analysis and shows 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. This new edition will discuss a wider range of technical tools and will show readers how to evaluate and compare industry sectors and groups of stocks to identify the best trading opportunities. Written in a straightforward and accessible manner, Chart Your Way to Profits, Second Edition not only thoroughly explains technical analysis, but also provides many real world examples demonstrating how effectively technical analysis can identify high profitable trades.
Personal computers and easy access to price data make sophisticated technical analysis of the financial markets available at a very low cost. The problem however, is how to sift through all the available tools to create a viable trading strategy. Various technical analysis websites offer different indicators and different degrees of customization, but once a trader has committed to a particular website or technical analysis program, the trader is limited by the constraints of that specific site or program. It can be difficult to translate a technical analysis concept from another source (magazines, books, etc) to a particular analysis program or website, and therefore 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. Chart Your Way to Profits, Second Edition makes this possible.
TOOLS & INDICATORS: This Second Edition will feature many new technical tools for tracking individual stocks, and will show readers how to use Prophet charts to do advanced intermarket technical studies to identify the best opportunities. ONLINE COMPONENT: Book readers will be able to implement concepts discussed in book directly on www.prophet.net, which will show readers how to calibrate and combine technical indicators to create a their own personalized technical analysis approach. PROMOTION PLATFORM: Prophet.net will promote the book on its website (10,000+ paid subscribers and 150,000+ users of free Prophet.net charts), and Knight will promote the book on his blog, SlopeofHope, which receives about 150,000 monthly visits.
About the Author
Timothy Knight (Palo Atlo, CA) 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. He operates a highly successful trading blog, SlopeofHope. 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.