tailieunhanh - Trading Chaos: Applying Expert Techniques to Maximize Your Profits (Wiley Finance Editions)

A practical guide for making sense of chaos theory and applying it to today's financial markets. Enables traders and analysts to uncover hidden determinism in seemingly random market events and make accurate investment decisions with high probabilities for profit. | APPLYING EXPERT TECHNIQUES TO MAXIMIZE YOUR PROFITS w A Wiley Finance Edition WILEY TRADING CHAOS BILL WILLIAMS PhD A MARKETPLACE BOOK Contents 1 A Look at the Current Reality of Trading 1 2 Understanding the Markets 20 3 Chaos Theory A New Paradigm for Trading 32 4 Defining Your Underlying Structure and How That Affects Winning and Losing 49 5 Navigating the Markets The Need for Good Maps 62 6 Level One Novice Trader 75 7 Level Two The Advanced Beginner 101 8 Using Fractals and Leverage 133 9 Level Three The Competent Trader 152 10 Profitunity Trading Partner 176 11 Level Four The Proficient Trader 193 12 Level Five The Expert Trader 227 Bibliography 250 About the Author 258 Index 259 XV A Look at the Current Reality of Trading The beginning is the most important part of the work. Plato GOAL TO UNDERSTAND THE AVERAGE TRADER S VIEW AND EXPERIENCE OF THE MARKET The market is not your problem. Your problem is that you see the market as your problem. Once upon a time people got together swapped things and traded. The trading of goods wasn t something they analyzed or fussed and fretted over it was just something they did along with planting seeds in the spring harvesting crops in the fall and then trading with their neighbors for wild game tools or other necessities. If they had a trading problem they sought advice from their parents and grandparents great uncles older brothers and other people who were successful traders. In the past these were the experts and the practical advice they gave was based on real-life experiences. Then came the sophistication of the second half of the 20th century. After World War II there arose an entirely different class of traders trading experts the ones with degrees great