Author: Martin Pring
- Trading books are a form of accounting ledger that contains records of all tradeable financial assets of a bank.
- Trading books are subject to gains and losses that affect the financial institution directly.
- Losses in a bank’s trading book can have a cascading effect on the global economy, such as those that occurred during the 2008 financial crisis.
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From the Back Cover
“Given the crucial role that momentum plays in technical market analysis, Martin Pring on Market Momentum is particularly timely and informative. Pring covers all of the popular price momentun tools (Relative Strength Index, Stochastics, Moving Average Convergence/Divergence) as well as measures of volume and breadth (McClellan Oscillator and Summation Index, The Arms Index). He provides an excellent description of the Parabolic and Directional Movement Systems, which are invaluable in determining whether to utilize momentum or trend-following approaches. Finally, he throws in some original ideas of his own with his KST indicator. Pring’s many fans will want to add this volume to their collection of his other fine books. Readers unfamiliar with Pring’s work can use this book to begin their acquaintance with this outstanding technical writer.” JOHN J. MURPHY, author of Technical Analysis of the Futures Markets and Intermarket Technical Analysis, and technical analyst for CNBC-TV. “Understanding market momentum is one of the most basic secrets to successful trading, and one concept that I would recommend every novice trader to master. Martin Pring explains in a clear and straightforward fashion not only momentum but a host of popular indicators; in addition, the reader will gain insight from the way that the veteran analyst and money manager applies those techniques.” THOM HARTLE, editor of Technical Analysis of Stocks & Commodities. “Eureka! There’s gold in these here pages! I have seldom been as excited about a new book. For many years there has been an urgent need for this very book, and at last, here it is! Essentially, it is a full-length, in-depth treatment of the majority of the technical studies and indicators that are included in virtually all stock and futures analytical software programs. This book… is the definitive guide, in my opinion.