The Science of Financial Market Trading is popular PDF and ePub book, written by Don K. Mak in 2003, it is a fantastic choice for those who relish reading online the Science genre. Let's immerse ourselves in this engaging Science book by exploring the summary and details provided below. Remember, The Science of Financial Market Trading can be Read Online from any device for your convenience.
The Science of Financial Market Trading Book PDF Summary
In this book, Dr Mak views the financial market from a scientific perspective. The book attempts to provide a realistic description of what the market is, and how future research should be developed. The market is a complex phenomenon, and can be forecasted only with errors ? if that particular market can be forecasted at all.The book reviews the scientific literatures on the financial market and describes mathematical procedures which demonstrate that some markets are non-random. How the markets are modeled ? phenomenologically and from first principle ? is explained.It discusses indicators, which are quite objective, rather than price patterns, which are rather subjective. Similarities between indicators in market trading and operators in mathematics are noted, and particularly, between oscillator indicators and derivatives in Calculus. It illustrates why some indicators, e.g., Stochastics, have limited usage. Several new indicators are designed and tested on theoretical waveforms to check their validity and applicability. The indicators have a minimal time lag, which is significant for trading purposes. Common market behaviors like divergences between price and momentum are explained. A skipped convolution technique is introduced to allow traders to pick up market movements at an earlier time. The market is treated as a nonlinear phenomenon. Forecasting of when the market is going to turn is emphasized.
Detail Book of The Science of Financial Market Trading PDF
- Author : Don K. Mak
- Release : 20 September 2024
- Publisher : World Scientific
- ISBN : 9789812382528
- Genre : Science
- Total Page : 261 pages
- Language : English
- PDF File Size : 14,8 Mb
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