Fractal Market Analysis: Applying Chaos Theory to Investment and Economics 1st Edition

I call it my market bible. I love this book. It is an easy read with easy applications. I must say I am manic. This is one of the reasons I find math so beautiful. There is still a long ways to go for mathematics and I truly want to be a part of additions to dynamical systems.

Brief introduction to terminology, and is great for interested readers outside finance sectorto learn about classical market models, albeit man-made, misleading, or only economic academic favored "models".This book tries to made market research more scientific, using re-scaled range analysis in hydrology of Richardson.

The title only indicates part of the true subject matter of this book. The book teaches about fractal analysis of any data set, and uses financial markets as special cases to illustrate the concepts involved in fractal analysis. He begins with a brief, but facinating history of fractals, and you learn the concepts you will need to form your own trading strategies. Mr. Peters demonstrates an easy familiarity with fractals, and this serves to keep the book interesting through its most difficult mathmatical passages.

A great book! Highly recommended. Reading this book opened my eyes to completely new territory. This will greatly benefit me professionally and intellectually.

The author has excellent experiences in all kinds of markets and true understanding of how to put them all together. The explaination of relationship between price and volatility is truth telling. A timeless classic.

3 stars for effort - trying to explain a technical analysis to a non-technical audience, but 1 star or less for content. It really shows that the author is not trained in mathematics or economics since there are numerous mistakes in the presentation, explanation and scope of many of the more subtle points, enough to qualify this as not serious. The main subjects of this book has long been basic research and deeply debated in the academic community (and not just in math, finance, and economics) but only relatively recently been the subject of attention by traders, investment MBAs and the such. Its a sexy subject but perhaps the math is too daunting, but that doesnt mean you should get it from someone who is obviously pulling together some papers in the field without the background to understand fully what the qualifications are. Thats just silly. Just because chaos theory implies that the perbutations of a butterfly in Africa can result in storms in the midwest doesnt mean the reverse, and thats what you need to predict what might happen next.

Summary from my full length review - Good book on the subject with reasonably clear explanation. College level math a requirement to read the book. Not a book for traders in general. More like a book for academics interested in analyzing market behaviours from afar.

I have found Mr. Peters book excellent. I am no mathematician and still I found it easy to read. I was interested in learning about fractal market analysis and I found what I needed in this book.