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Trading Without Fear: Eliminating Emotional Decisions with Arms Trading Strategies |
| Richard W. Arms |
| "The key to investment success, if there be just one, is the ability to remain emotionally detached. That detachment is only achieved through confidence. That confidence is only arrived at through knowledge. That knowledge is arrived at through thought, study, hard work, and experience. In this book, I will try to impart the knowledge and experience I have acquired over the last thirty years." — Richard Arms from the Introduction to Trading Without Fear Richard Arms' revolutionary theories have changed the way investors perceive the market. His expertise in the field of technical analysis has had significant impact, evidenced by the fact that his Equivolume charting system is now part of the most popular stock and futures software, and his Arms Index—also known as the Short-Term Trading Index or TRIN—has become one of the most important technical tools of Wall Street.
In Trading Without Fear, Richard Arms shows investors how to make sound investment decisions "without succumbing to those two very powerful emotions": fear and greed. Learning to control those emotions in ourselves—while recognizing them in others—empowers us to capitalize on that knowledge. The result is informed investment choices, tempered by caution, and fueled by confidence and a strong desire to succeed. Arms' cogent examination of leading strategies will enable the average investor to master successfully what is widely regarded as one of the most reliable methods of long-term market forecasting: volume analysis. Volume analysis is rooted in a seminal Arms theory—that volume plays as significant a role in understanding the markets as price movement. And volume is affected by the emotions at work in the marketplace. "The market is very complex. It is pushed one way or the other in varying degrees as a result of individual decisions of millions of participants. Some of those partici-pants are acting logically and others are acting emotionally...it is the volume which is giving us the real picture of the emotions in the marketplace. Price tells us what is happening, but volume tells us how it is happening."
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| Cloth Bound |
Pages, 6 x 9 in.
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Item #:
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0471137480
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John Wiley & Sons, Inc. | |
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