As a trading coach and financial advisor, Bennett McDowell has used his own proprietary trading system--Applied Reality Trading or ART to enhance the performance of his clients' portfolios. Now McDowell outlines the unique benefits of his system and makes the case for trading the reality--not the fantasy--of financial markets.
Readers will discover the importance of simplicity in a trading approach; how to develop "The Trader's Mindset;" how to use ART(r) technical analysis software; and much more. The ART of Trading will enlighten readers in how to use reality to enrich both their financial portfolio and their own financial psychology.
Bennett McDowell used his own proprietary trading system—Applied Reality Trading® or ART®—to enhance the performance of his clients' portfolios. Now, with this new book, McDowell reveals the unique benefits of his system and makes the case for trading the reality, not the fantasy, of the financial markets.
The ART system is based on reality, and here you'll find the specifics on how to use reality to improve your trading and investing endeavors—whether you deal in stocks, bonds, the Forex market, commodities, or options—and you'll learn how to overcome the volume of information generated by today's markets.
Divided into five comprehensive parts, this reliable resource offers an extensive look at how the ART system and its companion software—which is compatible with a variety of platforms—can help you execute exact trade entries and exits, control risk, and capture consistent profits. Step by step, you'll discover how to:
*Use price and volume, the true realities of the market, to minimize distortions in your financial decision-making
*Combine technical analysis with live streaming market data to excel in your trading and investing
*Select the right financial market and the right time frame for you
*Apply advanced ART techniques to your trading rules, once you've become familiar with the overall system
While ART adds structure to your trading and investing activities, it can also be tailored to fit your personal style and experience level. You can use ART to trend trade, scalp, or countertrend trade—or you can use it to time your investments. As you'll see, ART is capable of doing all this and much more since it's not a "Black Box" trading system.
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