As they say the classics, and professional traders: "bargaining with the trend, trading in the direction of the main trend," and then just end up in the black, and there is no feeling that someone has deceived you, staying once again with an empty pocket. All just because.
This is not a theoretical book proves what you usually can effortlessly download free from the Internet, book "favorite" classics, but a completely new, practical book professional trader Michael Covel, who from their mistakes of a few years, wrote and presented a win-win method of preparation of your profit.
Why does he do it, you ask, why give this technique to other people? And to ensure that any could feel the taste of victory, the smell of money. Michael Covel thus returns to society money which has been spent.
In this practical book, you will find all the same simple, not zamorochennye and piled tools for market analysis. But as the author reveals the action and the algorithm of each of the tools that you would not just press a key, and more fully understand everything that happens in the market. Simple and accessible language of writing a book to help deal with this raging market as forex and stock market, this information will be useful not only for all the beginners but also for hardened professionals who have spent years trying to rein in the market. For the methodology, which each of us is looking for over the years, it is so simple, the main thing correctly to approach her and all the details to fully understand.
The main cause of losses is the lack of understanding of the emergence of the trend, as such, that is, there is no clear understanding of what the trend is, its ability to action, that is, the directional movement has already taken place, or it has already been or is it just another flat.
The technique of following the trend of Michael Covel. So, we explain what it means to follow the trend. When there is a trend, then there is movement and, consequently, if it is correct to recognize it and just "sit" on it, then the profit is already in your account. From this it follows that we will earn when it is a trend, and vice versa. Therefore, the "follow" the trend is the key to success for profit.
Go to follow the trend, it is assumed that on this very stage you get, and a significant part of the profit, regardless of the direction of the trend. Whether the trend is upward or downward, this technique can be used in any market, whether it is the stock market, bonds, commodities or foreign exchange market, regardless of their liquidity and volatility. But often such basic understanding, are prohibitive.
Michael Covel, has corrected this situation, and why this book was written, the writing of which took place with a lot of research and hard work. Our work includes the following information, and based on the following:
- Statistical returns and profitability of traders trading with the trend;
- The views of professionals selling only in the direction of the trend over the period of 20-40 years;
- Information in the media about the financial crisis;
- Information in the media about those who finance these crashes brought ruin and loss;
- Statistics showing trade traders who have played by the method of following the trend;
- Statistics of those who sold and turned into victims of financial crisis.
Create a book based on the approach of Jim Collins in his book "Good to Great" by which a group of researchers and asked various questions formulated by collecting data during the survey and test, and then vigorously and diligently to discuss them. This was done in order not to create a book that consists of endless boring tables and figures, charts and graphs that show the profitability of trading with the trend, illustrating the methodology and to each reader can fully appreciate all the data given in the book, and to understand them.