Pattern Recognition & Trading Decisions by Chris Satchwell
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Forex Trading – Foreign Exchange Course
You want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
SIZE 4.2 MB
- Publisher:McGraw-Hill Professional; Har/Cdr edition (1 Nov. 2004)
- Language:English
- ISBN-10:0071434801
- ISBN-13:978-0071434805
Pattern Recognition and Trading Decisions shows how to recognize the many types of patterns that exist, and also how to distinguish a genuine pattern from a misleading one
What separates this book from many other books on technical analysis is that the author shows how to verify a pattern using several different and statistically independent perspectives, thus increasing the likelihood that the pattern is valid. Once a pattern is recognized and verified, trading decisions become more certain, leading to easier and more effective trading.
Verification from several perspectives requires a broad awareness of many techniques of technical analysis, and the author covers this diversity quite effectively by supplying an overview of a variety of trading decision tools and methods.
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