Forecasting Financial Markets The Psychology of Successful Investing

Forecasting Financial Markets The Psychology of Successful Investing 5th edition Tony Plummer "This book will entertain and intrigue keen investors" Financial Times FRONT FLAP: In Forecasting Financial Markets, Tony Plummer provides a compelling insight into the psychology of trading behaviour and shows how the herd instinct can have disastrous results for individual investors. The ability to make money in markets depends critically on an individual's ability to make decisions independently of the crowd. To attain such independence, the investor must acquire the capacity to: understand the forces at work in logical terms; recognize and neutralize emotional responses to market fluctuations; design an investment process or trading system that generates objective "buy" or "sell" signals. The book explores in detail these three dimensions to successful trading. This fifth edition of Forecasting Financial Markets has been completely updated to take into account the author's latest research into cycles and the implications that cyclical patterns and rhythms have for economic and financial market behaviour. Chapters deal with: the phenomenon of cycles; the threefold nature of cycles; economic cycles; recurrence in economic and financial activity; forecasting with cycles; finding cycles. REAR COVER: "This book will entertain and intrigue keen investors." Financial Times "Tony Plummer... has written a book that is almost breathless in its enthusiasm for his chosen craft." The Independent "A brilliant, original, insightful work... deserves to be read by all serious technical analysts." The Independent "Should interest not only practitioners and skeptical economists, but also countless thoughtful managers who are rightly impatient with expert 'forecasts', which are, alas, not always worth the paper they are printed on." Sir Adam Ridley (writing in the Foreword) REAR FLAP: Tony Plummer is a director of Rhombus Research Ltd, and is a former director of Hambros Bank Ltd and Hambros Fund Management PLC. He worked as a financial market assets manager between 1976 and 1999, concentrating on bonds and currencies, and now focuses on independent research into the patterns and rhythms of global markets. He lectures regularly on crowd psychology and technical analysis in the United States, Europe, and the Far East. He has an Honours Degree from the University of Kent at Canterbury and a Master's Degree from the London School of Economics. He is a fellow of the UK Society of Technical Analysts and is a qualified practitioner in Neuro-linguistic Programming.Plummer, Tony is the author of 'Forecasting Financial Markets The Psychology of Successful Investing', published 2006 under ISBN 9780749447496 and ISBN 0749447494.