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US import, usually ships within 20 working days
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- Product code: 9697
- ISBN: 0934380430,
ISBN13: 9780934380430,
240 pages, paperback
Published by Traders Press on 1998
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Description of The Magic of Moving Averages |
Taken from the Introduction:
'As I mentioned earlier, I believe this approach to trading has been overlooked by many. On the other hand, it is so basic it is hard to believe that it isn't already being used by quite a lot of investors already. Here's why. As many of you already know, the basis behind any market move in a particular direction is founded upon one simple principle - there are either more buyers than sellers (in which case the market goes up), or more sellers than buyers (in which case the market goes down). So why do I believe that other investors are somehow arriving at the same area on the charts as I am to place buy or sell orders? Because, as you will learn, this trading strategy places orders above or below where a particular market is trading at that time. When the market price finally trades at our price, the market has a tendency to continue in that direction at a rapid pace, which tells me there are many other orders placed to buy or sell at the same price I have chosen; i.e. more buyers than seller forcing the price up, or more sellers than buyers forcing the price down.'
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