Page 11 - THE MARKET WHISPERER

X Meir Barak

Crises 52
The Great Depression: Black Monday and Tuesday, 1929 52
Black Monday, 1987 52
The Dot-Com Crisis 53
The Credit Crunch (Sub-Prime) 54
Crises of the Past Decade (S&P 500 Index) 54
Crises and Traders 55
Who’s Selling to you? 56
“Market Makers” 56
Specialists 56
The ECN Revolution 57

Chapter 2 DAY TRADING AND HOW TO GET STARTED 61
Eight Stages on your Path to Success 63
Hardware, Software, and the Internet 66
The Advantage of the Group: Using Trading Rooms 66
69
Your Guide to Opening a Trading Account 70
How to Open an Account with a Broker 70
Can Your Bank Be Your Broker? 70
How to Choose a Broker 71
How to Choose a Trading Platform 72
With Which Brokers Should You Never Work? 73
Should You Trade on Margin? 75
How Much Should be Deposited in the Trading Account?

Chapter 3 MARKET ANALYSIS FUNDAMENTALS 83

The Price Says It All! 85
The Market is Always Right! 85
Market Forces: Bidders and Askers 86
“Go In! Go In!”…When Does the Public Buy? 87
The Role of the Professional 88
Science or Art? 89
Who’s Afraid of Technical Analysis? 89
So What is Technical Analysis? 90
Fundamental Economic Analysis: What Does It Incorporate? 91
Fundamental Economic Analysis Versus Technical Analysis 92
Why Do I Never the less Use Fundamental Economic Analysis? 96

Chapter 4 THE CHART: MONEY’S FOOTPRINT 101
How to Read Millions of Peoples’ Thoughts 103
Line Chart 105
Point and Figure Chart 106
Bar Chart 106
Japanese Candlestick Chart 109
115
Presentation of Candles over Varying Lengths of Time