Before applying the scientific approach to the study of the markets, a number of things must be considered.
First, a universe of reliable market data on which to perform back-testing and statistical analyses must be available. Since this book is focused on commodities trading, the market data used as the basis for our universe on an end-of-day time frame will be a subset of the diverse set of markets supplied by Pinnacle Data Corporation: these include the agricultural, metals, energy resources, bonds, currencies, and market indices.
Intraday time-frame trading is not addressed in this book, although it is one of our primary areas of interest that may be pursued in a subsequent volume.
Wednesday, 13 August 2008
TOOLS AND MATERIALS NEEDED FOR THE CIENTIFIC APPROACH
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