Posts Tagged ‘book review’

Trading Book Review: Midas Technical Analysis

Friday, July 1st, 2011

Midas Technical Analysis

Author: Andrew Coles and David Hawkins
RRP $92.95 Trader Dealer Price – $79.95

Trading book review by Janene Murdoch from the Educator Investor Bookshop

The Midas system is based on Volume Weighted Average Price (VWAP). Whilst it is not a technical analysis tool, it is a pricing tool used by brokers and institutional investors to ensure efficient pricing in trading.

These two author/traders have expanded the original concept into a trading tool, demonstrating how it can be used in different time frames in conjunction with some more traditional indicators such as moving averages.

Included in Appendix B and C are the codes for the Midas Curves for use in the software Metastock and Tradestation.

This is a fabulous book for technical analyst’s who take their craft very seriously.

This book is available from the Educated Investor Book shop. If you would like to order this book please visit The Educated Investor Bookshop website.

By Janene Murdoch
Educated Investor Bookshop

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Trading book Review: The Technical Analysis Course – 4th Edition

Friday, May 20th, 2011

The Technical Analysis Course – 4th Edition

Author: Thomas Myers
RRP $85.00

Trading book review by Janene Murdoch from the Educator Investor Bookshop

The Classic Introduction to Technical Analysis– Fully Updated and Revised!

The most reliable method for forecasting trends and timing market turns, technical analysis is as close to a “scientific” trading approach as you can get and it is particularly valuable in today’s volatile markets. The Technical Analysis Course, Fourth Edition, provides the know how you need to make this powerful tool part of your overall investing strategy.

Through a series of lessons and exams, you’ll master the techniques used by the most successful technical analysts in the market today. Updated with hundreds of real market examples, The Technical Analysis Course provides the essential foundation for using time-tested technical analysis techniques to profit from the markets. You’ll learn how to:

*Identify profitable chart patterns, including reversals, consolidation formations, and gaps
*Utilize key analytical tools, including trendlines and channels, support and resistance, relative strength analysis, and volume and open interest
*Perform advanced analysis using moving averages, trading bands, Bollinger Bands, oscillators, the Relative Strength Index, stochastics, and moving average convergence-divergence

This book is available from the Educated Investor Book shop. If you would like to order this book please visit The Educated Investor Bookshop website.

By Janene Murdoch
Educated Investor Bookshop

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Trading Book Review: Gartley Trading Method

Friday, November 26th, 2010

Gartley Trading Method

Ross Beck
RRP $82.95

Trader Dealer Price $70.00

Trading book review by Janene Murdoch from the Educator Investor Bookshop

Gartley Trading Method

A detailed look at the technical pattern simply referred to today as the Gartley Pattern.

Gartley patterns are based on the work of H.M. Gartley, a prominent technical analyst best known for a particular retracement pattern that bears his name. In recent years, Gartley patterns, which reflect the underlying psychology of fear and greed in the markets, have received renewed interest. This definitive guide skillfully explains how to utilize the proven methods of H.M. Gartley to capture consistent profits in the financial markets. Page by page, you’ll become familiar with Gartley’s original work, how his patterns can be adapted to today’s fast moving markets and what it takes to make them work for you.

This book examines how to identify and profit from the most powerful formation in the financial markets and discusses the similarities, differences and the superiority of the Gartley Pattern compared to classical chart patterns including the Elliott Wave. It shows how to apply filters to Gartley patterns to improve the probability of your trading opportunities, as well as specific rules such as where to enter and exit positions.

Gartley’s pattern is based on a unique market position where most traders refuse to participate due to fear. This book reveals how you can overcome this fear, and how to profit from the most consistent and reliable pattern in the financial markets.

This book is available from the Educated Investor Book shop. If you would like to order this book please visit The Educated Investor Bookshop website.

By Janene Murdoch
Educated Investor Bookshop

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Trading Book Review: Trade Your Way to Financial Freedom

Friday, October 1st, 2010

Trade Your Way to Financial Freedom – Second Edition

Author: Van Tharp
RRP $50.95

Trading book review by Janene Murdoch from the Educator Investor Bookshop

This title presents the bestselling holy grail of trading information, now brought completely up to date to give traders an edge in the marketplace.

“Sound trading advice and lots of ideas you can use to develop your own trading methodology.” – Jack Schwager, author of “Market Wizards” and “The New Market Wizards”.

This trading masterpiece has been fully updated to address all the concerns of today’s market environment. With substantial new material, this second edition features Tharp’s new 17-step trading model and also addresses reward to risk multiples, as well as insightful new interviews with top traders updated examples and charts.

This book is available from the Educated Investor Book shop. If you would like to order this book please visit The Educated Investor Bookshop website.

By Janene Murdoch
Educated Investor Bookshop

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Trading Book Review: DeMark Indicators

Friday, September 10th, 2010

DeMark Indicators

Author: Jason Pearl
Publisher: Bloomberg Press
RRP $39.95

Trading book review by Janene Murdoch from the Educator Investor Bookshop

For any investment professional or specialist trader, knowing how to read and interpret rapidly fluctuating market signals can be one of the most challenging aspects of the job. This new title shows how DeMark Indicators can provide a technical analysis system for identifying risk, calculating future projected price rises, constructing more reliable trend lines and forecasting possible trend reversal levels.

Jason Perl’s concise explanation of the indicators themselves will familiarise the reader with one of the most popular technical analysis tools and also demonstrate how to combine the various indicators and time frames to achieve a higher probability of trading success.

This book is available from the Educated Investor Book shop. If you would like to order this book please visit The Educated Investor Bookshop website.

By Janene Murdoch
Educated Investor Bookshop

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Trading Book Review: The Complete Trading for a Living

Friday, August 27th, 2010

The Complete Trading for a Living (including Study Guide)

Author: Alexander Elder
RRP $120.00

The Complete Trading for a Living

Trading book review by Janene Murdoch from the Educator Investor Bookshop

This is the bestselling trading book of all time. Dr. Alexander Elder’s ‘Trading for a Living’ now comes complete with a companion study guide in a handsome leather edition that no trader should be without.

Focusing on the three critical areas of mind, method, and money, Dr. Elder helps professionals master new approaches to trading stocks, currencies, futures, and options. A clear understanding of the three M’s will help you discipline your mind, master the best methods for trading the markets and manage money in your trading accounts, so that no string of losses can kick you out of the game.

Dr. Elder’s revolutionary ‘Trading for a Living’ has won international acclaim and helped hundreds and thousands of traders bring their skills to new levels. The accompanying ‘Study Guide for Trading for a Living’ adds more than 200 questions, charts and assessments, that pinpoint the reader’s strengths and weaknesses as a trader and helps measure improvement and growth.

These two books are now available together in one beautifully bound volume, worthy of a place of honor in every trader’s library.

This book is available from the Educated Investor Book shop. If you would like to order this book please visit The Educated Investor Bookshop website.

By Janene Murdoch
Educated Investor Bookshop

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Trading Book Review: The Daily Trading Coach

Friday, August 13th, 2010

The Daily Trading Coach

Author: Brett N. Steenbarger
RRP $59.95
The Daily Trading Coach

Trading book review by Janene Murdoch from the Educator Investor Bookshop

Every trader is an entrepreneur and just as a new business must capitalize upon the strengths of it’s founders, a career in the market crucially hinges upon the assets (personal and monetary) of the trader. As an active trader, and a coach of traders in hedge funds, proprietary trading groups and investment bank settings, author Brett Steenbarger has helped others to see the personal assets they have possessed all along: those that can pay a lifetime of dividends.

In The Daily Trading Coach, he provides the tools to help you prioritize both your trading goals and your life and become your own trading psychologist.

There are 101 lessons in The Daily Trading Coach, each averaging several pages in length. Each lesson follows the same general format of identifying an everyday challenge that traders face, an approach to meeting the challenge and a specific suggestion for implementing that approach. The lessons cover a range of topics relevant to trading psychology and trading performance, including detailed instructions for utilizing psycho-dynamic, cognitive, and behavioral brief therapy methods to change problematic behavior patterns and instill new, positive ones. The chapters are independent of one another, so that you can read them in order or you can use the Table of Contents or Index to read, each day, the lesson that most applies to your current trading. In addition, the book includes insightful self-coaching perspectives from eighteen successful trading professionals who share their work online.

While the aim of the book is to help you become your own trading coach, its broader purpose is to help you coach yourself through life. The challenges and uncertainties you face in trading – the pursuit of rewards in the face of risks – are just as present in careers and relationships as in markets. The Daily Trading Coach provides a road map, and a practical set of insights and tools for discovering and implementing the best within you.

This book is available from the Educated Investor Book shop. If you would like to order this book please visit The Educated Investor Bookshop website.

By Janene Murdoch
Educated Investor Bookshop

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Trading Book Review: Universal Principles of Successful Trading

Friday, August 6th, 2010

Universal Principles of Successful Trading

Author: Brent Penfold
RRP $52.95
Publisher: Wiley

Trading book review by Janene Murdoch from the Educator Investor Bookshop

Although traders can choose to trade different markets over different time-frames with different techniques and instruments, there is one common thread that ties all winning traders together and that is the universal principles of successful trading.

All consistently profitable traders adhere to them regardless of what, how or why they trade.

Brent Penfold has included interviews with 15 elite traders whom he refers to as the Market Masters. None of these traders, trade the same yet all of them embrace the universal principles.

These traders represent a diverse group. Some are the new young hot shots of trading while others are market legends who are trading today just as actively as they were 50 years ago. They’re spread across the globe – from the United Kingdom, America, Singapore, Hong Kong, Italy and Australia. All of them offer the reader one singular powerful piece of advice to help them towards their trading goals.

Each piece of advice emphasizes an essential element of the universal principles. These universal principles are what unites these elite traders – not their entry technique, not their markets and not their time-frames. They all trade differently, but what they won’t deviate from, are the universal principles. Without doubt the universal principles are essential knowledge for all traders in all markets.

This book is available from the Educated Investor Book shop. If you would like to order this book please visit The Educated Investor Bookshop website.

By Janene Murdoch
Educated Investor Bookshop

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Trading Book Review: Trading in the Zone

Friday, July 30th, 2010

Trading in the Zone

Author: Mark Douglas
RRP $59.95

Trading book review by Janene Murdoch from the Educator Investor Bookshop

Maximizing the trader’s state of mind is the key to achieving successful results.

Conflicts, contradictions and paradoxes with thinking, can spell disaster for even a highly motivated, astute and well grounded trader.

Mark Douglas is a trader, personal trading coach, and industry consultant since 1982. In this book he sends the message that “thinking strategy” will profoundly influence a trader’s success rate. He addresses five very specific issues to give traders the insight to understanding about themselves and what will make them consistent winners in the market.

Trading In The Zone offers specific solutions to the “people factor” of commodity price movements, it uncovers the true culprit for lack of consistency when it comes to stock picking, lack of focus and self-confidence. Through simple exercises, you will learn how to think in terms of probabilities, and adopt the specific beliefs necessary to developing a winner’s mindset.

Along the way, you will gain valuable insights into your own entrenched misconceptions about the market, backed by compelling examples, this book adds a new dimension to getting an edge on the market. Through a better understanding of yourself, as well as of Wall Street’s realities, you will come to leverage the power of your psyche for unprecedented profitability.

This book is one of the Educated Investors best selling psychology books. If you would like to order this book please visit The Educated Investor Bookshop website.

By Janene Murdoch
Educated Investor Bookshop

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Trading Book Review: The Wiley Trading Guide

Friday, July 23rd, 2010

The Wiley Trading Guide

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Publisher: John Wiley
RRP $49.95

Pre-Release. Books will not be readily available until 1st week August 2010

Trading book review by Janene Murdoch from the Educator Investor Bookshop

Wiley has brought together seventeen of Australia and the world’s, best traders and authors in this well balanced book.

Crossing many markets and embracing all disciplines of analysis, each topic is clearly explained and so becomes the perfect source of reference for both the beginner and more experienced trader.

Many of the chapters will challenge the reader to think outside their comfort zone and question their trading techniques, plans and systems.

This book covers a number of different topics such as:

- Creating a trading plan and devising a strategy to suit your goals
- Combining analysis methods
- Taking control of your mind set and adapting your trading techniques to the forex and futures markets

This authoritative guide will help the established trader raise their trading to the next level.

All traders will admit that you can never stop learning, and for such a small investment, this book allows you unprecedented access to information and ideas from professional traders that you would normally pay thousands of dollars for.

Contributing Authors to The Wiley Trading Guide are:

- Louise Bedford
- Jim Berg
- Kel Butcher
- Davin Clarke
- Daryl Guppy
- Alan Hull
- Glen Larson
- Wayne McDonald
- Stuart McPhee
- Justine Pollard
- Peter Pontikis
- Tom Scollon
- Happy Stanton
- Gary Stone
- Chris Tate
- Leon Wilson

If you would like to order this book please visit The Educated Investor Bookshop website.

By Janene Murdoch
Educated Investor Bookshop

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