The Trading Pro’s Secret: Intermarket Analysis helps you understand why intermarket analysis is essential for trading success and shows you why and how it can be a key tool in your trading toolbox:
- Factoring in fundamentals
- Understanding historical market correlations
- Spotting intermarket relationships
- Intermarket indicators for intraday or long-term positions
- Using predictive indicators
Thank you for making the effort to obtain and read my new e-book on intermarket analysis. I know you will learn and benefit from this e-book because I try to do all of my writing in "plain English" so it is easy to understand, no matter what your trading experience level.
I have been involved in markets and trading for nearly a quarter century. Starting out as a journalist on the trading floors of the futures exchanges in Chicago and New York was an excellent way for me to begin to learn about "the ways of the markets." Being able to walk right up to floor traders in the trading pits, on a daily basis, and ask them all kinds of questions about markets and price action was an excellent – and rare – opportunity to learn. I took full advantage of that opportunity as a floor reporter on the exchanges, including attending as many trading seminars and workshops as my editors would allow.
Not long after beginning my career on the rough-and-tumble futures trading floors, I realized that floor traders did have an edge over most retail traders in the futures markets because they tended to rely mainly on technical analysis to provide them with early clues about imminent trending price moves. Indeed, I came to learn that technical analysis takes into account all of the fundamental news that has or is expected to occur in a market, reflected by the most recent price activity. Price patterns and movement provided these traders with a roadmap for trading profits.
To put it another way, if a trader decided to rely only on fundamental factors to analyze and trade markets, he or she could spend nearly all day studying past and present news events and supply and demand statistics, only to have all of that information already digested by and factored into the market price structure. ...