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Johannes Forthmann – Volume Profile, Market Profile, Order Flow: Next Generation of Daytrading
Volume Profile, Market Profile, Order Flow: Next Generation of Daytrading
Classical technical analysis, as taught in hundreds of books, proves to be unprofitable for traders in many cases. Well-known chart patterns and indicators can only analyze the past. This book clearly shows why the myth of self-fulfilling prophecies has long been nothing more than an illusion. Instead, it presents in an understandable way highly effective technical tools that can help a day trader look behind the scenes and assess trading situations in the here and now.
- The book explains
- how to locate real movements from the beginning
- how to follow the tracks of dominant players
- what you really need to know about charts
- how to avoid mistakes
- how to plan and implement a day trade in a few minutes
This book was written for daytraders who are looking for new ways. It is also suitable for beginners who want to avoid a long way through a labyrinth of frustrating experiences. For European daytraders there is no alternative to absolutely fair priced Micro, Mini Futures and CFD’s. Trading instruments are a few highly liquid futures like Dax, S&P 500, Nasdaq, Euro, Bund, Crude Oil or Gold.
Basic insights about trade sizes, leverage, futures exchanges and other terms can be learned free of charge in a few days on any serious financial site and are not the subject of this book. Contents mainly refer to reality-related methods. Anyone entering this field should answer a few realistic questions, which will be discussed throughout the book.
The author was personally trained 18 years ago by one of the most experienced US futures traders and worked for a renowned Swiss trading house for asset management. Daytrading has been his specialty for 22 years.
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