Forecasting Financial Markets: The Psychology of Successful Investing

Forecasting Financial Markets provides a compelling insight into the psychology of trading behavior and shows how "following the herd" can have disastrous results. It demonstrates how one's ability to make money in the world's financial markets depends critically on an ability to make decisions independently of the crowd. Tony Plummer details the three dimensions essential to achieve successful trading, including an ability to understand the forces at work in logical terms, recognize (and neutralize) any emotional responses to market fluctuations, and design an investment process or trading system that generates objective "buy" or "sell" signals. Taking the author's latest research into account, this book provides an in-depth assessment of the phenomenon of cycles, patterns of economic and financial activity, and how to use cycles as a forecasting tool.  It includes Plummer's forecasts for when the global economy will emerge from its current downturn.