Forex Book

“Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices” is a real holy grail for the point-and-figure Forex trader. The great advantage of this book is that the author dedicates a good part of it to explain the basics of point-and-figure charting thoroughly, so that a person without a slightest understanding of this charting technique would become fluent in point-and-figure methods of analysis, being able to plot such charts by hand and understand their fundamental background. From the technical analysis point of view the point-and-figure charts represent a completely new field for an effective forecast building. This methodology, which is detailedly described in the given book, allows building the leading indicators instead of the usual lagging technical indicators (like moving averages or MACD). I recommend this book to all categories of traders — newbies and professionals, technical analysts and fundamental analysts, scalpers and swing traders.