Mathematical techniques in financial market trading /

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Bibliographic Details
Author / Creator:Mak, Don K.
Imprint:Hackensack, N.J. : World Scientific, ©2006.
Description:1 online resource (xvi, 304 pages) : illustrations
Language:English
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11213066
Hidden Bibliographic Details
ISBN:9789812774064
9812774068
1281379107
9781281379108
9812566996
9789812566997
9786611379100
661137910X
Notes:Includes bibliographical references (pages 297-300) and index.
English.
Print version record.
Summary:The present book contains much more materials than the author's previous book "The Science of Financial Market Trading". Spectrum analysis is again emphasized for the characterization of technical indicators employed by traders and investors. New indicators are created. Mathematical analysis is applied to evaluate the trading methodologies practiced by traders to execute a trade transaction. In addition, probability theory is employed to appraise the utility of money management techniques. The book: identifies the faultiness of some of the indicators used by traders and accentuates the potential of wavelets as a trading tool; describes the scientific evidences that the market is non-random, and that the non-randomness can vary with respect to time; demonstrates the validity of the claim by some traders that, with good money management techniques, the market is still profitable even if it were random; and analyzes why a popular trading tactic has a good probability of success and how it can be improved.
Other form:Print version: Mak, Don K. Mathematical techniques in financial market trading. Hackensack, N.J. : World Scientific, ©2006