Richard W Arms, Jr., is a financial consultant to institutional investors and a private portfolio manager based in Albuquerque, New Mexico. He is a noted expert in the field of technical and market analysis, the 1995 winner of the prestigious Market Technicians Award and the author of several best selling books and articles on his ground breaking theories in volume analysis and market forecasting. This key technical tool for understanding market price movement is listed daily in the Wall Street Journal and is flashed once a minute on CNBC.
Richard Arms’ revolutionary theories have changed the way investors perceive the market. His expertise in the field of technical analysis has had significant impact, evidence of this fact is his Equivolume charting system is now part of the most popular stock and futures software, and his Arms Index – also known as the Short-Term Trading Index or TRIN – has become one of the most important technical tools of Wall Street.
Dick Arms has made “outstanding contributions to technical analysis and market forecasting he is one of only seven living technicians to have won the Market Technicians Association Outstanding Contribution Award.” In “Trading Without Fear”, Richard Arms shows investors how to make sound investment decisions “without succumbing to those two very powerful emotions”: fear and greed. Learning to control those emotions in ourselves – while recognizing them in others – empowers us to capitalize on that knowledge. The result is informed investment choices, tempered by caution, and fueled by confidence and a strong desire to succeed.
Arms’ powerful examination of leading strategies will enable the average investor to master successfully what is widely regarded as one of the most reliable methods of long-term market forecasting: volume analysis. Volume analysis is rooted in a original Arms theory – that volume plays as significant a role in understanding the markets as price movement. And volume is affected by the emotions at work in the marketplace. “The market is very complex. It is pushed one way or the other in varying degrees as a result of individual decisions of millions of participants. Some of those participants are acting logically and others are acting emotionally…it is the volume which is giving us the real picture of the emotions in the marketplace. Price tells us what is happening, but volume tells us how it is happening.”
Mr. Arms has written five books on market and stock reaction to volume. Each is a monumental in technical analysis and forecasting.