Louise Bedford Books

trading results in great profits if you have a plan

To buy click on cover. Click link below for Trading Secrets at The Book Depository Book Depository Link     When I had been trading for around 6 months, I was starting to become frustrated because both companies I had purchased trading education from were throwing me fish rather than teaching me to fish for myself. I started my trading doing covered calls which work quite well for producing income every month but they really only work well in a market that is going up in value. I found myself holding shares that had reduced significantly in value that I



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Volatility

trading tools of the trade

Investopedia has an article here but it doesn’t seem terribly helpful to me. Here is a document I wrote when I was trying to come to grips with it and also what my software was showing me. Volatility I have been on something of a crusade to understand volatility and how it is calculated in my charting packages Optuma and Beyond Charts Plus. First Historical Volatility. This is the standard deviation of the % change in price for a specified period (sometimes called the Interday return). There are a few different ways this can be calculated. In Microsoft Excel, it



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Bollinger on Bollinger Bands

bollinger bands indicate relative price

Click on cover for Amazon Click link below for The Book Depository Book Depository Link     I became very interested in using Bollinger Bands to help me with entries and exits particularly for mean reversion strategies on foreign exchange. Bollinger details a great methodology for determining if the current price is high or low on a relative basis. Almost every charting package these days includes the Bollinger Band indicators – or at least the simplest ones. John’s book has many more indicators and I have been able to add many of them to Optuma. If you would like these



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Alexander Elder Books

Mark Douglas Trading in the Zone

  Click on cover for Amazon This book does not seem to be available at The Book Depository.       Click on cover for Amazon Click link below for The Book Depository Book Depository Link   Click on cover for Amazon Click link below for The Book Depository Book Depository Link   Alexander Elder covers topics including traders psychology, market psychology, computerised systems for technical analysis, trading systems and risk management. Dr Elder also runs a web site here. He introduces some trading systems which can make a good starting point for a trader. He also has some codes



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Charting Software

optuma

While there are many free charting software packages you can use online, if you are serious about trading the markets you will need good software and a data subscription. I have used two different charting packages. My personal preference is Optuma, previously known as Market Analyst. Optuma has an odd selling model these days unfortunately. On their website, if you scroll down to the bottom, you can find 4 available options all for a monthly fee. The fee ranges between $199 per month (for end-of-day data) to $399 per month if you want connection to a Bloomberg terminal and real-time



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