Forex Trading Using Intermarket Analysis
$5.57
| Author(s) | |
|---|---|
| Pages |
127 |
| Format |
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| Published Date |
2006 |
Forex Trading Using Intermarket Analysis explores the application of intermarket analysis to the foreign exchange market, the world’s largest and most widely traded financial market. Intermarket analysis helps traders identify and anticipate changes in trend direction and prices due to influences of other related markets as financial markets have become interconnected and interdependent in today’s global economy.
Introduction:
Forex markets are especially good candidates for intermarket analysis because of the key role of the U. S. dollar in most major currency pairs while other currencies tend to move in concert against the dollar. What influences one currency often influences many other currencies, usually not in lockstep but to a greater or lesser degree, depending on the circumstance.
Knowing what is occurring in various currencies and other related markets can provide traders with both a broader perspective and greater insight into forex market dynamics. It can thereby provide an early warning of impending changes in trend direction in the target market. This allows traders to make more effective and decisive trading decisions than would be possible by relying on traditional single-market technical analysis indicators that too often lag the market.
Forex Trading Using Intermarket Analysis is addressed primarily to traders and investors who use personal computers and the Internet to analyze forex markets and make their own trading decisions. The book also offers insights into how day traders and position traders in both the cash and futures markets can improve their trading performance and achieve a serious competitive advantage in today’s globally interdependent financial markets.
It will interest both experienced traders and newcomers to forex markets who are inclined toward technical analysis and recognize the potential financial benefits of incorporating intermarket analysis into their trading strategies.
Contents:
- WHAT IS FOREX?
- THE FOREX MARKETPLACE
- FUNDAMENTALS AND FOREX
- APPLYING TECHNICAL ANALYSIS TO FOREX
- INTERMARKET ANALYSIS OF FOREX MARKETS
- USING NEURAL NETWORKS TO ANALY ZE FOREX
- TECHNICAL TACTICS FOR TRADING FOREX
- WAVE OF THE FUTURE: SYNERGISTIC MARKET ANALYSIS
Forex Trading Using Intermarket Analysis By Louis B. Mendelsohn pdf
6 reviews for Forex Trading Using Intermarket Analysis
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Nasir Weiss (verified owner) –
This book describes very well how different trading strategies does not work thus leading reader to understanding that there is no chance to be a successful trader on his own unless he buys a software called “Vantage Point”. I believe every book has got something in it. However, the software is quite expensive and probably all the information about it one can find on the website without reading this book.
Liliana Woods (verified owner) –
I was interested in the concept of intermarket analysis after reading an article in Currency Trader Magazine by Barbara Rockefellar. Since I am always open to new ideas (new to me) this seems like a tool that could really add some valuable clues to my trading decision making process. I am VERY interested in the software that has been developed to help automate this process. I’m sure it’s not for everyone since everyone does not yet have a success attitude. But while one person will complain that he sells a product in the book, another person will put it into use and become wealthy, happy and fulfilled. This is the case with most everything in business and especially in trading. I consider this book a significant discovery for my own trading business.
Zariyah Deleon (verified owner) –
Save your money, this pamphlet is a sales pitch for an expensive software. Gosh, don’t you hate those “please-read-my-pamphlet-and-buy-my-software-please-please-please” books?
Zion Booth (verified owner) –
If you know nothing at all and I mean nothing about fx or trading in general, this book will give a very vague non useful description of some of the basics. Has no useful information about intermarket analysis and only 12 useless pages with useless diagrams half filling those pages about it. He does promote his own product for a full chapter though, spends more time on that than intermarket analysis. glad I bought that book NOT.
Travis Zuniga (verified owner) –
This book offers an excellent overview of the Forex markets and their interrelationships. I have read hundreds of explanations of the Forex markets, but Mendelsohn’s explanations go beyond the typical, mundane description of the currency markets on usually finds. He then goes on to describe, in a general way, how markets are interrelated and the kinds of markets that might inpact the currency markets. As I expected, the book never gets specific enough to describe how to build a predictive model or system. This should be viewed as a more elaborate brochure for the VantagePoint software that is sold by Mendelsohn’s company, Market Technologies, LLC. Still, there is enough new material that makes this a very worthwhile read. I also found that Mendelsohn’s writing style was excellent and concise; much better than most financial writers.
Lennox Gregory (verified owner) –
If I had read the author’s previous book, I wouldn’t have bothered with this one. If I had read the reviews of that book, I probably would have skipped this one.
Assuming you accept the author’s premise that intermarket analysis is something forex traders cannot do without, you might still have trouble accepting the solution: Buy Mendelsohn’s product, Vantage Point.
I went to the Vantage Point website. No price is given for the product, so I assume it costs a fortune. Maybe that’s not so bad if it’s really picking 70%+ winners on a regular basis. Still, even if I were won over by the sales pitches on the site and in this book, for all I know, the hundreds or thousands of dollars I spent on the Vantage Point software might eat up most of my profits.
I give the book three stars because it held my interest and didn’t cost too much. Of course, if you find the book truly worthless, then any price is too much. I give the book a mild recommendation, but if you don’t read it, you won’t miss much.