خرید و دانلود نسخه کامل کتاب The Art of Currency Trading: A Professional’s Guide to the Foreign Exchange Market – Original PDF

he title of Brent Donnelly’s book is The Art of Currency Trading. He did not call it The Science of Currency Trading. He also did not call it the Practice of currency trading, the Study of currency trading, or the Discipline of currency trading. Currency trading is an art, much like painting or drawing or playing music. And the people who are really good at it are like artists. In recent years there have been several attempts to turn trading and investing into a scientific discipline. The proponents of finance as a science call this ‘‘evidence-based investing.’’ Get into an argu- ment with one of the evidence-based investing people and they will bury you under an avalanche of data and charts. Thing is, the data and charts are contradicted by the market within a matter of days, and rendered useless. You can pretty much find any piece of data to support your conclusion. They have conferences on this stuff. I am not big on evidence-based investing. There are no immutable physical laws in finance. No e=mc 2 . No mathematical certainties. You may learn a technique, it may work for a while, and then it will stop working. The market, as a whole, exhibits a property known as non-stationarity, which is the idea that you are playing a game where the rules constantly change. A science can’t function under these circumstances, unless it is an adaptive sci- ence, which would mean that it isn’t really a science. So we’re back to square one: trading is an art