About this ebook
They used volume and price to anticipate where the market was heading next and so built their vast fortunes. For them, it was the ticker tape; for us, it is the trading screen. The results are the same and can be for you, too. I make no bones about believing I was lucky to start my own trading journey using volume. To me it just made sense. The logic was inescapable. And for me, the most powerful reason is very simple. Volume is a rare commodity in trading - a leading indicator. The second and only other leading indicator is price. Everything else is lagged.
There's ONLY one question!
As traders, investors, or speculators, all we are trying to do is to forecast where the market is heading next. Is there any better way than to use the only two leading indicators we have at our disposal, namely volume and price? In isolation, each tells us very little. After all, volume is just that, no more no less. A price is a price. However, combine these two forces, and the result is a powerful analytical approach to forecasting market direction with confidence.
What you will discover
This book will teach you all you need to know from first principles. So whether you're a day trader or a longer-term investor in any market, instrument, or timeframe, this book is the perfect platform to set you on the road to success and join those iconic traders of the past. All you need to succeed is a chart with volume and price…simple.
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About the author
I have been extremely fortunate in that I began my trading and investing career using volume, a methodology I have since expanded to embrace the term volume price analysis. It is founded on the approach used by the iconic traders of the past—people like Charles Dow, Richard Wyckoff, Jesse Livermore, and Richard Ney. For them, it was the ticker tape machine punching out a stream of share prices and orders, from which they could interpret the buying and selling. For us, life is straightforward with instant live prices on the screen.
Volume price analysis is a methodology that can be applied to all markets and which works in all timeframes. Richard Wyckoff was one of the great champions of the retail trader, and I hope, in publishing my books, that, in my tiny way, I can continue the legacy he created. The tagline to my best-selling book, A Complete Guide To Volume Price Analysis, sums this up the best, I believe...Read the book... then read the market. Volume and price are the two leading indicators we have with which to forecast where the market is heading next, and I hope that in reading this book and others I have written, you, too, will become a volume trader and fulfill your personal dreams and aspirations using this unique approach.
