Description
This book, another rendition of Jack Schwager, is said to be the most comprehensive study of fundamental and technical analysis there is in the finance book history. Both the fundamental and technical aspects of analyzing the market are presented in a full-blown manner. Practical trading considerations are orchestrated throughout the study to serve as a guide to traders and investors truly.
About the Author
Jack Schwager is a distinct futures and hedge funds expert and writer of several financial books. He is one of the founders of Fund Seeder – a platform created to search for trading talent across the globe and connects profitable traders with sources of investment capital. He also served as a director of Futures research in Prudential Securities.
Table of Contents
The book contains the following chapters:
Part I Preliminaries
Chapter 1 For Beginners Only 3
Chapter 2 The Great Fundamental versus Technical Analysis Debate 21
Part II Chart Analysis and Technical Indicators
Chapter 3 Charts: Forecasting Tool or Folklore? 27
Chapter 4 Types of Charts 35
Chapter 5 Linking Contracts for Long-Term Chart Analysis: Nearest versus Continuous Futures 45
Chapter 6 Trends 57
Chapter 7 Trading Ranges 83
Chapter 8 Support and Resistance 91
Chapter 9 Chart Patterns 109
Chapter 10 Is Chart Analysis Still Valid? 149
Chapter 11 Technical Indicators 155
Part III Applying Chart Analysis to Trading
Chapter 12 Midtrend Entry and Pyramiding 177
Chapter 13 Choosing Stop-Loss Points 183
Chapter 14 Setting Objectives and Other Position Exit Criteria 189
Chapter 15 The Most Important Rule in Chart Analysis 205
Part IV Trading Systems and Performance Measurement
Chapter 16 Technical Trading Systems: Structure and Design 235
Chapter 17 Examples of Original Trading Systems 261
Chapter 18 Selecting the Best Futures Price Series for System Testing 279
Chapter 19 Testing and Optimizing Trading Systems 289
Chapter 20 How to Evaluate Past Performance 319
Part V Fundamental Analysis
Chapter 21 Fourteen Popular Fallacies, or What Not to Do Wrong 347
Chapter 22 Supply-Demand Analysis: Basic Economic Theory 359
Chapter 23 Types of Fundamental Analysis 373
Chapter 24 The Role of Expectations 379
Chapter 25 Incorporating Inflation 383
Chapter 26 Seasonal Analysis 389
Chapter 27 Analyzing Market Response 403
Chapter 28 Building a Forecasting Model: A Step-by-Step Approach 413
Chapter 29 Fundamental Analysis and Trading 417
Part VI Futures Spreads and Options
Chapter 30 The Concepts and Mechanics of Spread Trading 439
Chapter 31 Intercommodity Spreads: Determining Contract Ratios 453
Chapter 32 Spread Trading in Stock Index Futures 461
Chapter 33 Spread Trading in Currency Futures 471
Chapter 34 An Introduction to Options on Futures 477
Factors That Determine Option Premiums 480
Chapter 35 Option Trading Strategies 487
Part VII Practical Trading Guidelines
Chapter 36 The Planned Trading Approach 559
Chapter 37 Seventy-Five Trading Rules and Market Observations 567