The Trading Pro’s Secret: Intermarket Analysis helps you understand why intermarket analysis is essential for trading success and shows you why and how it can be a key tool in your trading toolbox:

• Factoring in fundamentals
• Understanding historical market correlations
• Spotting intermarket relationships
• Intermarket indicators for intraday or long-term positions
• Using predictive indicators

Introduction

Thank you for making the effort to obtain and read my new e-book on intermarket analysis. I know you will learn and benefit from this e-book because I try to do all of my writing in "plain English" so it is easy to understand, no matter what your trading experience level.

I have been involved in markets and trading for nearly a quarter century. Starting out as a journalist on the trading floors of the futures exchanges in Chicago and New York was an excellent way for me to begin to learn about "the ways of the markets." Being able to walk right up to floor traders in the trading pits, on a daily basis, and ask them all kinds of questions about markets and price action was an excellent – and rare – opportunity to learn. I took full advantage of that opportunity as a floor reporter on the exchanges, including attending as many trading seminars and workshops as my editors would allow.

Not long after beginning my career on the rough-and-tumble futures trading floors, I realized that floor traders did have an edge over most retail traders in the futures markets because they tended to rely mainly on technical analysis to provide them with early clues about imminent trending price moves. Indeed, I came to learn that technical analysis takes into account all of the fundamental news that has or is expected to occur in a market, reflected by the most recent price activity. Price patterns and movement provided these traders with a roadmap for trading profits.

To put it another way, if a trader decided to rely only on fundamental factors to analyze and trade markets, he or she could spend nearly all day studying past and present news events and supply and demand statistics, only to have all of that information already digested by and factored into the market price structure. ...

Download The Trading Pro’s Secret: Intermarket Analysis

PDF format, 997KB, 43Pages.

By Jim Wyckoff
Foreword by Darrell Jobman
Investor Education Books series by TradingEducation.com

Foreword

One of the best ways to learn about the markets and trading is to have a mentor, an experienced person who knows the ropes thoroughly and is willing to pass along his or her knowledge to you personally. As a reporter for a wire service on every major exchange floor at one time or another, Jim Wyckoff had access to some of the best and brightest people in the business – not just one mentor but many mentors.

Although this resource of floor trading knowledge has been dwindling as markets made their transition to electronic trading that dominates most markets today, Jim was there during the prime period when trading expanded into new market areas and new products and when nearly all of the trading was conducted on an exchange floor.

Not only was he able to learn the fundamentals and nuances of each market but Jim was able to see firsthand how the professionals analyzed the markets and how they developed and implemented their trading strategies. As a reporter and not as a competing trader, Jim was in a unique position to get traders’ views and opinions about every aspect of trading in every market in every type of market condition.

Over the years, Jim became an expert analyst in his own right, sifting through all the ideas to which he had been exposed, selecting those that made the most sense and developing his own way of analyzing markets. He has been passing along that perspective to subscribers of his own information service and as a senior market analyst for www.TraderEducation.com for several years now.

One of the most valuable lessons Jim learned from his years of involvement in the markets is the importance of intermarket analysis and how highly professional traders regarded this type of analysis. He had observed many successful traders using intermarket analysis to trade spreads and other positions, both on a long-term position basis and in short-term intraday trading, and he adopted intermarket analysis as one of the “tools in his toolbox,” as he likes to call those things that help him analyze markets daily.

In this e-book, Jim shares some of the tips and ideas he has learned from the professionals as well as his own conclusions about how to be a successful trader. He explains the significance of intermarket analysis and shows how VantagePoint Intermarket Analysis Software can be one of those “tools” that can help you analyze markets and make sound trading decisions to improve your trading results.

Darrell Jobman
Editor-in-Chief
www.TraderEducation.com

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