Forecasting Financial Markets: The Psychology of Successful Investing

Forecasting Financial Markets: The Psychology of Successful Investing

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In "Forecasting Financial Markets", Tony Plummer provides a compelling insight into the psychology of trading behavior and shows how the herd instinct in decision-making can have disastrous results. The ability to make money in markets depends criticallyon an individual's ability to make decisions independently of the crowd. To attain such independence the investor or trader must acquire the ability to:

Understand the forces at work in logical terms;

Recognize -- and neutralize -- their own emotional responses to market fluctuations;

Design an investment process or trading system that generates objective 'buy' and 'sell' signals.

The book explores these three dimensions to successful trading in detail.

This fourth edition of "Forecasting Financial Markets" has been completely updated to take into account the author's latest research into cycles and the implications cyclical patterns and rhythms have on economic and financial market behavior.

New chapters included deal with:

*The phenomenon of cycles;

* The threefold nature of cycles;

* Economic cycles;

* Recurrence in economic and financial activity;

* Forecasting with cycles;

* Finding cycles.