Review: Smart Read for Profit Trading
Rating: 5 out of 5
Date: 05 26, 2014
Using the MACD strategy is smart because you go by momentum of trend which is a great way to predict market shifts. Although the graphs used to help explain the book were confusing at first glance they did not leave you hanging. This book followed them up with really informative descriptions and examples. There were also circles and arrows identifying specific points in the graph which really helped.Chapter 5 lays out four exact points at which are best for you to take long positions in the market. This book covers much more than just MACD. It mentions oscillators, stochastic, amid price, etc... I like the fact that this strategy is covering ‘days’ of momentum not just short random events with no grounding. There were great examples using real life company’s stock, like Microsoft and Apple stock to drive it home. This is a great read for beginners.