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The Trading Pros Secret-Jim Wyckoff

The Trading Pros Secret-Jim Wyckoff

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Published by Smith55

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Published by: Smith55 on Oct 02, 2009
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The Trading Pro’s
Intermarket Analysis
by Jim Wyckoff
rd by Darrell Jobman
Investor Education Books series by Trad
.comUS Retail: $19.95
One of the best ways to learn about the markets and trading is tohave a mentor, an experienced person who knows the ropesthoroughly and is willing to pass along his or her knowledge to youpersonally. As a reporter for a wire service on every majorexchange floor at one time or another, Jim Wyckoff had access tosome of the best and brightest people in the business – not just onementor but many mentors.Although this resource of floor trading knowledge has beendwindling as markets made their transition to electronic tradingthat dominates most markets today, Jim was there during the primeperiod when trading expanded into new market areas and newproducts and when nearly all of the trading was conducted on anexchange floor.Not only was he able to learn the fundamentals and nuances of each market but Jim was able to see firsthand how theprofessionals analyzed the markets and how they developed andimplemented their trading strategies. As a reporter and not as acompeting trader, Jim was in a unique position to get traders’views and opinions about every aspect of trading in every marketin every type of market condition.Over the years, Jim became an expert analyst in his own right,sifting through all the ideas to which he had been exposed,selecting those that made the most sense and developing his ownway of analyzing markets. He has been passing along thatperspective to subscribers of his own information service and as asenior market analyst forwww.TraderPlanet.comfor several yearsnow.One of the most valuable lessons Jim learned from his years of involvement in the markets is the importance of intermarketanalysis and how highly professional traders regarded this type of analysis. He had observed many successful traders usingintermarket analysis to trade spreads and other positions, both on along-term position basis and in short-term intraday trading, and headopted intermarket analysis as one of the “tools in his toolbox,” ashe likes to call those things that help him analyze markets daily.In this e-book, Jim shares some of the tips and ideas he has learnedfrom the professionals as well as his own conclusions about how tobe a successful trader. He explains the significance of intermarket
analysis and shows how VantagePoint Intermarket AnalysisSoftware can be one of those “tools” that can help you analyzemarkets and make sound trading decisions to improve your tradingresults.
Darrell JobmanEditor-in-Chief www.TraderPlanet.com 

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