Posts Tagged ‘trading books’

  • Trading Book Review: Forex On Five Hours A Week

    Friday, November 19th, 2010

    Forex On Five Hours A Week

    Raghee Horner
    RRP $77.95

    Trading book review by Janene Murdoch from the Educator Investor Bookshop

    Trading the forex market has become one of the most popular forms of trading, mainly because of its twenty four hour access and the fact that there is always a bull market available in this arena, a concept that is rather attractive today.

    But what if you don’t want to become a full-time trader? What if you just want to spend some time trading because you already have a job you like or what if you’re just looking to make a few extra dollars every month trading on the side, that’s where Forex on Five Hours a Week comes in.

    With this book, author Raghee Horner (a top forex trader and trusted teacher of trading systems) distils her forex strategies into the most streamlined systems possible and shows those with little time to dedicate to the market everything they need to know to capture consistent profits.

    By sharing her extensive experience in classic charting techniques, price action, and market psychology, Horner enables traders and investors of any skill level to quickly capitalise on, and make money from, the forex market. Page by page, she lays out a blueprint for fitting forex trading into your current schedule and skilfully addresses how to analyse the market, use visual and objective tools, and formulise a successful trading plan.

    Along the way, Horner also covers many other essential elements of this discipline, including focusing on the right indicators and set-ups, working across multiple time frames and pairs and understanding the role of individual financial centers.

    Successful trading shouldn’t be defined by time, but more importantly, by results. With Forex on Five Hours a Week as your guide, you’ll learn how to execute successful forex trades without spending every waking hour in front of a computer screen.

    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: 30 Days to Market Mastery

    Friday, November 5th, 2010

    30 Days to Market Mastery

    Author: Jacob Bernstein
    RRP $62.95

    Trading book review by Janene Murdoch from the Educator Investor Bookshop

    This book is a solid foundation for those investors and traders looking to succeed in today’s market. An excellent book for new traders, “30 Days to Market Mastery” outlines an easy to understand and easy to implement approach to learning how to trade.

    This book covers the fundamentals of how to structure trades in a disciplined fashion, so as to avoid vague decisions and acting on unclear trading signals. It also provides a number of strategies for entering and exiting the market in a way that maximizes the chances of making money and minimizes the potential for losing money. With this book as your  guide, you will learn the proper organizational, analytical, and behavioural skills that are vital to consistent success in trading.

    In “30 Days to Market Mastery” each trading day contains a single lesson, and each lesson contains a quiz to help the reader master the material.

    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: Exploding The Myths

    Friday, October 8th, 2010

    Exploding The Myths

    Author: Frank Watkins
    RRP $34.95

    Trading to win in bull and bear markets

    Trading book review by Janene Murdoch from the Educator Investor Bookshop

    With this book you will discover how to:

    - Avoid the costly mistakes that newcomers make
    - Find the best buy signals
    - Insure your investment
    - Predict a profitable trade
    - Avoid endless research
    - Learn day trading deterrents
    - Learn the folly of fundamentals

    Exploding The Myths questions some market adages that the author believes have helped keep the industry rich and the investor poor.

    “To suggest that time in the market is more important than timing the market may suit a fund manager but it will not help a small investor. Likewise diversification has nothing to do with making a profit, it is all about avoiding risk.”

    This book explodes some of the myths that surround the share market and points out the traps and pitfalls of which unwary newcomers fall prey. Frank Watkins has a very clear message when it comes to investing your hard earned capital. “By investing visually you can get your timing right – buy stocks that are rising and make constant profit regardless of market conditions.”

    Frank has a very simple philosophy – buy stocks that are rising, use strict money management and risk management rules and the profits will flow during any market conditions.

    This book will change the way you think!

    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: Adxcellence

    Friday, September 17th, 2010

    Adxcellence

    Author: Charles Schaap
    RRP $219.95

    Trading book review by Janene Murdoch from the Educator Investor Bookshop

    ADX is the Average Directional Movement Index which was created by J. Welles Wilder and is usually plotted in a chart window along with two DMI (Directional Movement Indicator) lines. ADX is mainly used to quantify trend strength, however the unique combination of indicator lines also gives a visual representation of trend direction, momentum, and volatility.

    This books contains a full and complete, detailed explanation of ADX and is the definitive and only complete work on this subject. It shows specific trading strategies including how to find attractive trading opportunities, enter and exit trades. A one-of-a-kind masterpiece that no serious technical trader of stock or futures should be without.

    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 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: 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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