Modelling with the integral or stochastic differential equations has
become increasingly important in FINANCE.
However, stochastic calculus is
based on a deep mathematical theory.
This COURSE is suitable for the reader without a deep mathematical
background. It gives an elementary introduction to that area of
probability theory, without burdening the reader with a great deal of
measure theory. Applications are taken from stochastic finance. In
particular, the Black Scholes option pricing formula is derived. The
book can serve as a text for a course on stochastic calculus for
non-mathematicians or as elementary reading material for anyone who
wants to learn about technical analysis.
Preliminaries: Basic Concepts from Probability Theory;
Stochastic Processes; Brownian Motion; Conditional Expectation;
Martingales; The Stochastic Integral: The Riemann and Riemann Stieltjes
Integrals; The Stratonovich and Other
Integrals; Stochastic Differential Equations: Deterministic Differential
Equations; Itô Stochastic Differential Equations; The General Linear
Differential Equation; Numerical Solution; Applications of Stochastic
Calculus in Finance: The Black Scholes Option-Pricing Formula; A Useful
Technique: Change of Measure; Appendices: Modes of Convergence;
Inequalities; Non-Differentiability and Unbounded Variation of Brownian
Sample Paths; Proof of the Existence of the Stochastic
Integral; The Radon Nikodym Theorem; Proof of the Existence and
Uniqueness of the Conditional Expectation.
Comprehensive, accessible guide to technical analysis and market trading strategies
Technical Analysis for Financial Markets is an
all-encompassing course on navigating the financial markets
successfully using technical analysis. Clearly easy-to-understand, and straightforward, this course focuses on the key
information needed by traders and investors to take on any financial
market effectively.
• using technical analysis to trade all major financial markets
•Explains how to navigate the markets successfully, including the top techniques for entries, exits, and risk management
•Straightforward descriptions of proven technical trading methods and strategies
•Filled with technical analysis insights, charts, and examples
technical analysis
offers a unique advantage for managing risk and finding high-probability
trading opportunities. Technical Analysis for Financial Markets provides proven
trading strategies from one of today's top technical strategists.
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