Think Like a Whale Trade as a Shark
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About this ebook
This book contains all the essential information you need to trade equities, Foreign Exchange, and cryptocurrencies.
Chapter 1 begins with the basics of fundamental analysis when trading equities, Forex currencies, and cryptocurrencies.
In Chapters, 2, 3, 4, 5, and 6, you will find various technical analysis methods with many examples and charts. Trading charts can be read significantly easier than raw data. Reading charts is useful not only for identifying key trends but also for recognizing major support and resistance levels. Furthermore, you will learn how to use moving averages, RSI, the Fibonacci Numbers, the Fibonacci Retracement, and the definition of the long-term trend in any financial market.
In Chapter 7, you will learn about the role of market volatility and its importance for managing risk and achieving portfolio diversification. How to use the Bollinger Bands and ATR when trading indices, and Beta when trading individual stocks.
In Chapter 8, you will find information about seasonality statistics and seasonal patterns. You will be able to find seasonal patterns for Dow Jones Industrial, three popular currency pairs (EURUSD, GBPUSD, and USDJPY), and two key cryptocurrency pairs (Bitcoin and Ethereum against the US dollar).
In Chapter 9, you will learn about market sentiment. You will learn also about the Fear & Greed index, the Overnight Repo Rate, the Perpetual Contracts, and how to use the Commitment of Traders (COT) report.
In Chapter 10, you will learn about money management, market correlations, cross-market connections, position-sizing, the 2% rule, the Reward/Risk Ratio, the Win Ratio, and why you should always trade small account sizes.
By combining the information and tools presented in this book you have the opportunity to better understand the mechanics of the global financial markets and significantly increase your odds of winning in the long-run.
George M. Protonotarios,
Financial Analyst - M.Sc “Int. Banking & Finance” Salford, UK
www.TradingCenter.org
George Protonotarios
George Protonotarios is a Professional Financial Analyst and a Financial Content Writer.
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Think Like a Whale Trade as a Shark - George Protonotarios
© George M. Protonotarios 2020
Think Like a Whale Trade as a Shark – Copyright April 2020
COPYRIGHT INFORMATION
ALL RIGHTS RESERVED. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means without the prior permission in writing of the publisher, nor be circulated in writing of any publisher, nor be otherwise circulated in any form of binding or cover other than that in which it is published without a similar condition including this condition, being imposed on the subsequent purchaser.
DISCLAIMER AND LEGAL NOTICE
This book is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services or advice by publishing this book. Each individual situation is unique. Thus, if legal or financial advice or other expert assistance is required in a specific situation, the services of a competent professional should be sought to ensure that the situation has been evaluated carefully and appropriately. The author and the publisher disclaim any liability, loss or risk resulting, directly or indirectly, from the use or application of any of the contents of this book.
The information presented in this book represents the view of the author. Every attempt has been made by the author to verify all information included in this book, but there is no guarantee about the accuracy and the reliability of any information presented in this book. This book is not intended for use as a source of financial or investment advice.
RISK WARNING
There is considerable exposure to risk when trading Forex, Futures, and Options. Trading Forex and other leveraged products involves a significant level of risk and is not suitable for all investors. Before undertaking any such transactions you should ensure that you fully understand the risks involved and seek independent advice if necessary. The possibility always exists that you could sustain a substantial loss. Never trade with funds that you may need in the future. Past performance is not necessarily indicative of future results. Any opinions, suggestions, brokers, systems, services, books, software, reviews, links and websites mentioned in this Book are provided as general market commentary, and do not constitute investment advice in any way.
CRYPTOCURRENCY WARNING: Please be careful with your money
When sending funds to an exchange or other counterparty you are trusting that the operator will not abscond with your bitcoins and that the operator maintains secure systems that protect against internal or external theft. It is recommended that you obtain the real-world identity of the operator and ensure that sufficient recourse is available. Exchanging or storing significant funds with exchanges is not recommended.
Trading in cryptocurrency CFDs involves significant risks. Cryptocurrency CFDs are an extremely high-risk, speculative investment. You should be aware of the risks involved and fully consider whether investing in cryptocurrency CFDs is appropriate for you. Major Cryptocurrency Risks include (i) Price volatility, (ii) Leverage, (iii) Charges and funding costs, and (iv) Price transparency.
PREFACE
‘Always think like an investor and act as a trader.’
This book contains all the essential information you need to trade equities, Foreign Exchange, and cryptocurrencies. Everything is included in a single book, as 60% of all the skills you’ll need to trade successfully is common for all financial markets.
There are three important conditions to trade successfully in any financial market: a strong fundamental landscape, a nice market structure, and an accurately-measured trading range. If fundamentals agree, and the market structure has proven itself, knowing the trading range is the only thing you need. This book contains a wide variety of technical analysis methods and techniques in order to help investors recognize market structure in early stages, identify support and resistance, and accurately measure the trading range. However, the complex world of financial trading is a zero-sum game. Someone has to lose in order for someone else to make a profit. And as there are a few people making a lot of money, there are a lot of others who lose constantly. This is why clever investors always add a contrarian flavor to their decision-making process, and most of the time, trade against the public sentiment.
All financial asset classes follow a similar pattern that starts with fear and ends with greed. Smart traders enter the market when the fear of retail traders pushes prices below their ‘fair value’ and sell when the retail greed pushes prices well above their ‘fair value.’ This never-ending circle between fear and greed creates numerous opportunities for patient traders. On a macro scale, fundamental analysis is the perfect tool for identifying the ‘fair value’ of a financial asset and measure risk. Risk and reward are the two crucial inputs of any investment decision. In addition, technical analysis is useful for the identification of price trends and the optimization of entries in the market. Professional traders use both these analysis methods in their decision-making process. They use fundamental analysis to decide what to buy and technical analysis to decide when to buy. To summarize this concept in just one phrase, always think like a fundamentalist investor when deciding what to buy and act as a technician trader when entering the market. Think like a whale and trade as a shark.
Successful trading requires a strong personality and a character that will allow you to trade without fear and greed. Weak hands lose money in the long-run. The stronger your character, the stronger your hands. If you want to be a successful trader, start by building your character, something that cannot be easily taught.
George M. Protonotarios,
Financial Analyst - M.Sc Int. Banking & Finance
Salford, UK
Linkedin: » https://www.linkedin.com/in/qexpert/
Website: TradingCenter.org
INTRODUCTION
‘Don’t take anything for granted, the market has to constantly prove itself. If there is no proof there is no trading opportunity’
This book covers a wide range of fundamental resources and technical analysis techniques in order to help investors seek proof in the right place. Any successful trading decision must have a fundamental background. Chapter 4 begins with the basics of fundamental analysis when trading equities, Forex currencies, and cryptocurrencies. The main goal of studying fundamentals is to identify investment opportunities. Opportunity