Chart Your Way To Profits: The Online Trader's Guide to Technical Analysis (Wiley Trading) (Hardcover)

by Tim Knight

Chart Your Way to Profits shows you how to harness the technology available on www.prophet.com to analyze markets and make informed trading decisions. It discusses the fundamentals of technical analysis and shows you how to design your own charts and indicators in a way that enables you to easily monitor the markets and make solid trading decisions.

From the Inside Flap
Making money in today's markets isn't easy, but with the right approach, you can succeed. No one knows this better than author Tim Knight, who has been charting and trading the financial markets for more than twenty years. During this time, his passion for the markets led him to create Prophet.net—a Web site containing an innovative array of technical analysis tools—which has been consistently ranked the number one site for technical analysis by Barron's and Forbes magazines.  

Now, in Chart Your Way to Profits, Knight shows you how to use the powerful technology available online in conjunction with technical analysis to analyze markets and make the most profitable trading decisions possible.

Written in a straightforward and accessible manner, Chart Your Way to Profits covers a lot of ground with respect to technical analysis and charting. You'll be introduced to the charting tools ProphetCharts and JavaCharts, so you can discover how to perform your own analysis with the help of hundreds of real-world examples. Along the way, you'll also become familiar with some of the most important rules of sound trading.

Filled with in-depth insight and practical advice, Chart Your Way to Profits also:

• Examines a variety of chart types currently available, how to size and arrange them, and the differences in charting stocks, options, indices, and other financial instruments
• Discusses the mechanics of managing watch lists—as well as chart styles—and how to use them effectively
• Highlights essential indicators, including moving averages, Bollinger bands, the parabolic stop and reversal (PSAR), and moving average convergence divergence (MACD)
• Explores numerous analysis methods for financial charts, such as saucers, multiple tops and bottoms, trendlines, channels, and Fibonacci studies
• And much more

Consistent analysis produces consistent profits. And through the ups and downs of financial markets, technical criteria and charting allow traders to be completely objective in their assessment of price action, while leaving emotion out of the decision-making process. Chart Your Way to Profits can help you do the same, as it shows you how to combine technical analysis with powerful online tools to achieve trading success.