New Trading Systems and Methods (Wiley Trading) Review

New Trading Systems and Methods (Wiley Trading)
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Many people refer to the Achelis book for simple, straight-forward descriptions of technical analysis tools. I too have it on my primary bookshelf. However, lately, more often than not, I find myself reaching for Kaufman's book to get good background on the various ways of technically analysing trading options. He has chapters devoted to practically every indicator type you may encounter: chart reading, events, regressions, trending, momentum, oscillators, seasonality, cycles, patterns, multiple time frames, and advanced techniques. He then goes into some details regarding system testing, practical considerations, risk control, and diversification. As a wrap up, he provides some end-notes for the mathematically inclined.
There appear to be traders who will sit at their screen all day and watch patterns. I think many who wrote many of the recent reviews may fall into this category, and didnt' rank the book very highly. On the other hand, there are other traders who may wish to design Automated Trading Scenarios and need some math to flesh out their trading strategies. It is for these types of traders to whom this book is devoted. I think you'll find a wealth of ideas you can mix and match to make a trading strategy uniquely your own.
However, technical anlysis and automated trading strategy design takes much work and energy. A good chunk of statistics is practically mandatory (which the book doesn't delve into). This book fulfills only a portion of the overall knowledge someone will need build a winning trading strategy.
I'll give it two thumbs up as it provides excellent details on the spectrum of technical analysis and provides references for the times you wish to flesh out the details.

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The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks (Wiley Trading) Review

The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks (Wiley Trading)
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I have purchased numerous books on Stock Trading and for the first time felt compelled to write a book review because this book is simply that good. I first read about Tim Ord in Fari Hamzei's highly acclaimed book "Master Traders." Tim Ord is nationally rated as a top Market Timer and to be one of the Traders featured in " Master Traders" tells you something about his credentials.
Tim Ord's book, "The Secret Science of Price and Volume," analyzes what really drives equity prices, which is Supply and Demand. His unique methodology of Price and Volume analysis: " Ord Volume", evaluates what is moving equity prices at all junctures of their Price Swings, Legs and Price Points. He also uses these methods to evaluate Tops and Bottoms of Price structure and applies them to the major indices as well. Price and volume relationships have been in existence for over a hundred years and will continue to do so. The author presents disciplined trading and investing strategies based on time tested principles that will continue to work because fear, greed and human behavior will always be present in the marketplace.
Trading legends such as Richard Wyckoff, Jesse Livermore, Nicolas Darvas and William O'Neil to name a few all have utilized Price and Volume techniques to help amass their fortunes. Livermore's and O'Neil's "Price pivots points," Wyckoff's "Jumping the Creek," and "Falling through Ice" methodologies are Price and Volume based. William O'Neil's, "Follow Through Day," in the General Market Averages which show when Institutions are coming in to buy stock at long term or intermediate term lows is also related to these principles. The author explains the physics of this science and will teach you exactly how to interpret price and volume action in a manner which nobody else has shown before. In fact Ord Volume will help reveal when Institutions are either piling into stock or whether they are gradually accumulating it as well as when they are dumping or slowly supplying stock to the general public. Knowing this information is invaluable to both trader and investor.
These methods by no means are limited only to the technically oriented investor or trader. Fundamental and Value investors will also benefit by interpreting whether or not the forces of supply and demand are working in or out of favor with the particular group of stocks they follow.
The author also brilliantly covers topics such as Stock selection, Market Timing, Sector Analysis, Sector Rotation, Breadth analysis, Market Sentiment and much more. An informative chapter on the Gold sector is also included. This book is a Treasure chest. Whether you are a Long Term Investor, Intermediate-term Trader, Swing Trader or have a preference to sell stock short, "The Secret Science of Price and Volume," will provide you with a road map to profitability.

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In The Secret Science of Price and Volume, leading market timer Tim Ord outlines a top-down approach to trading—identifying the trend, picking the strongest sectors, and focusing on the best stocks within those sectors—that will allow you to excel in a variety of markets. With this book as your guide, you'll quickly become familiar with Ord's proven method and discover how it can be used to make more profitable trading decisions.

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The Volatility Course Review

The Volatility Course
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Readers would buy this book assuming that they will be able to master the concept of volatility, and use it in their options trading, but this is far from being the case.
One would expect a book that deals with an advanced concept such as volatility, to take it as a given that the readers are already familiar with all the basics such as "an option gives the buyer the RIGHT not the OBLIGATION" etc.I estimate that about 2/3 of the book deals with such beginner stuff.
On top of that, the authors don't even try to conceal that their primary purpose in writing the book is to deliver traffic to their premium web service.
I did learn a few things about volatility, but I was left with the feeling that I was tricked

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The Practical Guide to Wall Street: Equities and Derivatives (Wiley Finance) Review

The Practical Guide to Wall Street: Equities and Derivatives (Wiley Finance)
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Having worked on Wall Street for 7 years, this is the book I wish I had when I started. It gives exactly the right level of depth in each of the product areas you will encounter on the Equity side of Sales & Trading.
If you are an experienced trader on a particular desk the explanations will seem elementary. But as a basis for understanding all the various desks on the trading floor this is perfect.
There are also very useful sections on how to read company balance sheets and announcements and macro economic announcements. Crucially these sections concentrate on what you need to know as a salesperson or a trader and not what you need to be an accountant or an economist. Consequently a lot of unnecessary complication and depth is stripped away to make these concepts much easier to follow.
This book should not just be considered by traders and sales people - it is very relevant to anyone working in middle office or IT/Operations functions too.
Read this book cover to cover and you will finally understand in detail why it is the traders ask you to make available functions that show the future basis calculation or ask you to create or redeem an ETF.
One point to note is this book is limited to products found on an Equity trading floor. There is no coverage of Fixed Income products (Bonds, Foreign Exchange, Commodities). A similar book for those areas would be most welcome.

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The Practical Guide to Wall Street is an indispensable resource for anyone who aspires to a front-office sales or trading position on Wall Street and an essential desk reference for market practitioners and those who interact with this exciting but widely misunderstood industry. Written by an experienced trader in a clear, conversational style and assuming no previous background in finance, The Practical Guide to Wall Street provides a thorough schooling in the core curriculum of the equity and equity derivatives sales and trading business - exactly what you would learn from sitting beside the traders at a tier-one Wall Street investment bank (except that in practice, traders rarely have time to provide such detailed explanations!) Topics covered include:
Clear, detailed and intuitive explanations of all major products, their function, pricing and risks (several of which are unavailable anywhere else despite producing billions of dollars in annual revenue for Wall St.)
The layout of the trading floor, the roles and responsibilities of the different sales and trading groups and how they interact to service the client business
An overview of the structure of the macro-economy and the trader's perspective on the significance of economic data releases and their impact on the financial markets
A review of those concepts from fundamental valuation and financial statement analysis of greatest relevance on the trading floor (as opposed to abstract valuation models)
Practical details of the structure and functioning of the equity and derivative markets including translations of trader jargon, Bloomberg tips, market conventions, liquidity and risk considerations and much more…

This book provides the first comprehensive explanation of all aspects of the functioning of the equities division, with information, details and insights previously only available to those who already worked on a trading floor. The availability of this material in a format accessible to non-professionals fundamentally changes the level of industry knowledge employers in the financial services industry can expect of new hires.

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Quantum Trading: Using Principles of Modern Physics to Forecast the Financial Markets (Wiley Trading) Review

Quantum Trading: Using Principles of Modern Physics to Forecast the Financial Markets (Wiley Trading)
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Any trader that spends time researching the great traders of the past is bound to come across the name of W.D. Gann. Gann was a legendary trader in the early part of the last century. He became a legend through his many market predictions that would prove to be true, along with the incredible amount of wealth acquired through his methods. Gann was very secretive about his trading methods, and is reported to have been concerned about his image if people discovered his methods. The book Quantum Trading published by Wiley effectively and convincingly suggests turning away from linear two-dimensional thought, and embracing a probabilistic quantum base, which will reap greater rewards for a speculator in the markets.
Does reading about sun spots and the possible effects of solar wind on the pricing of the markets give you pause in questioning the source? If you read that high sun spot activity has a correlation to the stock market performing below average and you questioned the source of the so-called "science behind the assertion," you would likely not be alone. When I read something like that, I picture someone in the basement of their home with an Ouija board pulling stock prices out of the air, a method which is without merit. What if I added that it was not a self- described "guru of trading", but rather the Atlanta Federal Reserve that published the results? Having an open mind to new ideas in the way things work in the markets will aid the reader in absorbing the material. It shouldn't be required however, as the entire math and methods of calculation are included within the text.
Even with a track record that took from a childhood of poverty as a poor farm boy to one of the richest men in the United States, many today dismiss his methods as more superstition than a true science. With Quantum Trading, Oreste breaks the chains of limitations so many traders put upon themselves through methods and belief they have about the market and how it functions. In a step-by-step technique that is well considered and easy to comprehend, Oreste lays out the processes for calculating each method and indicator. By the end of the book, I understood the concepts and theory of the approach. I found the non-subjective methods used to be highly refreshing in a trading book. So many books on the market do not provide clear and concise rules of entry and exit, allowing for interpretation that is often useless to the reader.
In combination with support and resistance lines, the time elements of market prices are incorporated to fulfill the last element needed for market timing of entries. There is a chapter that describes the basics of options (and a little beyond the basics, which is a bonus, as every option trader needs to know the behavior of options and terminology associated with it), along with the advantages and drawbacks to utilizing options as a trading vehicle. What I found particularly helpful to a new trader is not so much the instructions what to do, but of what not to do. Most trading books fail to dedicate insight to all the landmines traders face and how to avoid many of them. Traders by nature are always exploring a new way to catch a mouse, it's part of the job. Simply learning some of the pitfalls without losing any money make the book worth reading.
Readers will learn concepts like Gann angles, price and time in equilibrium, price-space-harmonics with quantum properties, theories, and concepts, including Einstein's theory of relativity, in ways that may be useful to traders. The book is well-written (although at times repetitive in terminology), and is obviously produced by an author with vast experience in the trenches of the trading world. The trading experience of Oreste shines through in a mentoring style that leaves the reader with a new and different set of trading tools than they likely had before reading.
I am glad I read Quantum Trading, and recommend it to any trader looking for a mechanical, systematic approach to read it as well.

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A cutting-edge guide to quantum trading
Original and thought-provoking, Quantum Trading presents a compelling new way to look at technical analysis and will help you use the proven principles of modern physics to forecast financial markets.
In it, author Fabio Oreste shows how both the theory of relativity and quantum physics is required to makes sense of price behavior and forecast intermediate and long-term tops and bottoms. He relates his work to that of legendary trader W.D. Gann and reveals how Gann's somewhat esoteric theories are consistent with his applications of Einstein's theory of relativity and quantum theory to price behavior.
Applies concepts from modern science to financial market forecasting
Includes a CD that?shows how to generate support/resistance areas and identify potential market turning points
Addresses how non-linear approaches to trading can be used to both understand and forecast market prices

While no trading approach is perfect, the techniques found within these pages have enabled the author to achieve a very attractive?annual return since 2002. See what his insights can do for you.

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Navajo Rugs: The Essential Guide Review

Navajo Rugs: The Essential Guide
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This is an excellent source on how to find, evaluate, buy and care for Navajo Rugs, especially for the new collector. Insight and information on the history, weaving & weaves, tools used and the major periods of design are all outlined in this book along with beautiful color photos. Navajo Rugs is the essential text for anyone interested in this artform.

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An introduction to collecting and caring for Navajo rugs and woven art

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Trading Chaos: Maximize Profits with Proven Technical Techniques (A Marketplace Book) Review

Trading Chaos: Maximize Profits with Proven Technical Techniques (A Marketplace Book)
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This book is not about chaos theory, nor trading chaos, but a trading book with the first 95 pages about trading psychology, primarily Zen and Tao based, and the rest 133 pages of a trading system that comes with "Metastock". As a trading book fan and a Chinese who know Zen and Tao well, I do like the first part of it as food for thought, and definitely not as reading material to sharpen my trading edge. I doubt whether the very vague Zen or Tao approach taken by the author can be well understood and practised by western traders. Furthermore, I agree with a previous reviewer that the "trade with the trend/flow" concept preached by the author contradict a little bit with his own quasi-countertrend system presented in the second part. So, I suggest those who dont have access to Metastock nor Omega Tradestation facilities should give it a pass. It's definitely not a smart way of investing if one puts money on something that does you little good.

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Mastering the Currency Market: Forex Strategies for High and Low Volatility Markets Review

Mastering the Currency Market: Forex Strategies for High and Low Volatility Markets
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I trade futures, stocks and options, with futures now making up the bulk of my trading. I am very interested in learning currencies and gaining additional flexibility in my trading. I came across this book and saw it was a new publication so I pre-ordered. I assumed it would have the latest inside information on currencies and how best to trade them. After the all, the title is "Mastering the Currency Market, Forex Strategies for High and Low Volatility Markets". I have to say that I was sorely disappointed.
The editorial review says the book is divided into these sections:
* The basics of trading currencies
* Fundamental analysis of price valuation
* Technical analysis and trading charts
* Trading philosophy and psychological discipline
* Volatility and risk management
The first 2 sections are the only parts of the book that offer anything unique to currencies. And out of a 292-page book, these sections end after only the first 48 pages. The rest of the book is a basic technical analysis indicator training manual with some candlestick signals thrown in the mix. Starting with simple candlesticks, covering basic chart patterns and looking at multiple time frames for trade confirmation. The book ends with a short treatise on psychology and trading journals, subjects that have entire works dedicated solely to them. There are no unique "Forex" strategies, just basic technical analysis education.
Chapter 1 discusses the basics, names of currency pairs, market times, etc.
Chapter 2 although seemingly lacking real depth may give the most insight to someone interested in mastering currencies. It discusses economic factors affecting currencies and the price movement. There is a handy chart showing economic reports and the usual effect they have on individual currencies.
There is no detailed insight to the individual currency trading instruments or to the Forex market in general. Interesting, the title suggests strategies for high and low volatility. Looking in the book's index, volatility is discussed on one page, in one small paragraph, and it is a less than an introductory discussion. Which Forex strategies work best in which type of market? Where are the high and low volatility examples? What are the best pairs to trade? How do we hedge? Is there any currency correlation? We may never know.
It would have been simpler for the authors to write the first 2 chapters and then add a page that says, "Apply standard technical indicator trading techniques to the currency market." and end the book there.
If you were a beginner trader, I would say you could add this to your library. However there are hundreds, maybe thousands of technical analysis books on the market, many better than this. We surely do not need another one.
Perhaps a better name for the book would have been "A Beginners Guide to Technical Analysis: With some Forex pairs used as examples." Had that been the name, I would have saved myself the return shipping. 2 stars for basic technical analysis, 1 star for any real Forex insight.
One thing to take in account on all Amazon reviews. Reviewers who have only reviewed the item you are researching should be subject to suspicion. Click on the username to see if the reviewer has any history on Amazon and make your choice wisely.


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Make Volatility and Risk Work forYou with Forex Trading!

"This book should be in every trader/investor's library. As we come out of thisdepressed market . . . this book can be your companion, helping you avoidmistakes and enhance your trading/investment program."—Bill M. Williams, author of Trading Chaos

"Whether you're just getting started trading the world's most exciting financial market,or you're looking to add to your trading edge, [the authors] have written an engagingbook packed with powerful techniques that you can use right now."—Rob Booker, trader, author, educator, and founder and host of TraderRadio.net

The foreign exchange market is the largesttrading market in the world, withaverage daily volume well into the trillions.Because the market is always characterized byhigh liquidity, forex traders benefit most fromvolatile markets—making it the ideal investmentapproach today and well into the future.

Mastering the Currency Market is a comprehensiveguide to currency and futures tradingstrategies and techniques for both highly volatileand nonvolatile markets.

Putting to work their vast and highly diverseexperience in forex trading, the authors explainhow to take advantage of the many benefitsof foreign exchange trading, includingits low cost of entry afforded by margin, andthe dynamic pricing by nature of the competitivemarketplace. Mastering the CurrencyMarket is divided into five sections covering:
The basics of trading currencies
Fundamental analysis ofprice valuation
Technical analysis andtrading charts
Trading philosophy andpsychological discipline
Volatility and risk management

With four decades of combined experience,the authors clearly communicate to you a tradingmethod that will give you the confidenceto both analyze markets and execute tradessuccessfully, regardless of underlying marketconditions.

As 2008 introduced nightmare scenarios forinvestors around the world, it was Al Gaskill'smost productive period of his trading career.He used the same trading methods spelled outin this book.

Apply the lessons inside and you'll see profitsrise during periods of high market volatility,and when the market slows down, you candownshift to countertrending methods. It'sa win-win investing method, and Masteringthe Currency Market leads you through it everystep of the way.


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Option Spread Trading: A Comprehensive Guide to Strategies and Tactics (Wiley Trading) Review

Option Spread Trading: A Comprehensive Guide to Strategies and Tactics (Wiley Trading)
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The author definitely knows what he is writing about but I have strong doubts about his ability to write a readable and error-free book. Throughout reading it, I had a strong impression that I was the first person on the planet who read it, and this includes the author himself and editors and proofreaders if there were any. (It is incomprehensible to me how such a reputable publishing house as Wiley could give it a green light.) But it is not only English, which sometimes gives you a real headache. It is also factual errors. For example, there is reference to Figure 4.4 but it is not there. There is also no Figure 4.3 but luckily, there is no reference to it, either. The author writes "straddle" where it should be "strangle" and "iron condor" where it should be "iron butterfly." Figure 5.17 has Long Straddle with wrong numbers, and this is a Figure comparing the Long Straddle with the Reverse Iron Butterfly. There are more errors, misreferences, and clumsy sentences violating the rules of English grammar. The author also has a very strange tendency to explain relatively simple concepts in the most convoluted manner and constantly repeat himself.
The aforementioned Figure 5.17 was a last straw that broke my patience and rushed me to write this review. I am almost sure that I will see more surprises in the rest of the book, and I intend to read it to the end because of the autor's competence in the subject (that's why 2 stars rather than 1). So if you are eager to test your patience and to see how quickly you'll get really annoyed with this book, buy this book with confidence.

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Getting Started in Stock Investing and Trading Review

Getting Started in Stock Investing and Trading
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Very comprehensive, strategies for long term investments and short term trading! A rather short book but a great place to start.

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An up-to-date guide to the complex world of equities
Getting Started in Stock Investing and Trading walks investors and traders through the essential information they need to know before they decide what kind of participant they want to be in equities. The book is filled with the key strategies and tools and offers a comprehensive guide for those entering this marketplace. The author does not argue that one method is better or more appropriate than another. Rather, he reveals the various methods and lets investors decide for themselves. The book covers investment risks, value investing, market strategies, trading methods such as day and swing trading, technical indicators, and diversifying your portfolio, and
Offers a thorough overview of strategies and tools that investors need to profit from the volatile equities markets
Provides examples, charts, and timely additions that reflect recent changes in the equities markets


Other titles by Thomsett: Getting Started in Bonds and eight editions of Getting Started in Options. This book is another title in The Getting Started series, which makes complex issues easy to understand.

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The Complete Idiot's Guide to Options and Futures, 2nd Edition Review

The Complete Idiot's Guide to Options and Futures, 2nd Edition
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I personally prefer stock, bonds, and mutual funds, but you can make a ton of money trading futures and options. As the author says "People can reap huge profits, or lose their shirts".

The book gives a very good overview of all the major markets, including history of futures trading as well as how large an order should be, the typical margin put up, and how volitle of and investment a particular futures market can be, like advising corn as a good starting point and staying away from metals. I also agree with that philosophy. Another thing the author does in explaing the markets that i like is that he informs the reader of all the factors that can influence price fluctuations and how to try to time your movements into and out of the markets based on these trends. I also like that he does admit that there is a time to sell a winner and to sell a loser to cut your loses instead of going deeper in debt. sometimes it is best to get out after your first margin call.
The thing that I think makes the book most valuable are the options strategies. These also work very well with stocks and some index funds. As the author states these are very limited profit potential, but there is also very little risk. If you guess the market pretty well then there is almost no risk. My favorite of these is also the most basic the straddle option. Here you can make money if prices go up on down, but not if they remain fairly consistent. You typically purchase and at the money call ( right to buy) option and an at the money put option ( right to sell)the only risk involved is the money that is initially paid for the option. Both are purchase at roughly the same strike price so if a price swing up or down will net the option holder some money. Their are other strategies such as the bear put spread, and bull call spread as well as married options were you are actually buying futures. I personally do not like the three becasue all involve selling an options contract which theoretically can have unlimited loss potential. Unless you are very experienced and have a good track record stay away from them.
In conclusion options and futures are very risky intruments. I would advise simply playing the stocks and funds, but if you like this market i would advise buying optiosn, the most you risk there is the amount you paid for the options, and there are no margin calls, I persoanlly know someone who was almost driven to bankruptcy becasue he did not know what he was doing and got into the futures market. I must admit though that the futures market intrests me more than and other area of finance and investing.

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The Ed Ponsi Forex Playbook: Strategies and Trade Set-Ups (Wiley Trading) Review

The Ed Ponsi Forex Playbook: Strategies and Trade Set-Ups (Wiley Trading)
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I'm an Ed Ponsi fan. However, I think he may have inadvertently misled people with his choice of title and cover art. In particular, the subtitle -- Strategies and Trade Set-Ups -- along with the sports diagrams on the cover, imply that he's going to get down with some powerful set-ups and management techniques. The trade set-ups consist of trading off 10 and 20 day moving averages, and the management techniques consist of the option of adding to a winning trade when it retraces. Duh.
Furthermore, there is quite a lot of rank beginner stuff, for example, an explanation of currency pairs, pip value, lot size, etc. I don't have much patience with that sort of thing. There is plenty of introductory Forex material readily available, and I don't see why so many authors seem to feel the need to pad their books with what their readers already know. It's like buying a book on computer programming that contains detailed instructions on how to turn on the computer or what a hard drive is.
Oddly enough, in a book that explains pip value, there is a chapter on trading other people's money. I think he tried to be all things to all people, from those who started trading a demo last week to the guy who wants to start a hedge fund. I don't think it comes off very well, especially in a 200 page book.
The meat of the book -- the strategy -- consists of various sources of information that can give you a head's up on currency strength. We're talking the COT Report and such things, some which are not so widely known by intermediate level traders. It's good information to have. It wasn't what I was expecting, though. And of course, it's still a crap-shoot. Was the crowd right, or was the crowd wrong? It's the same old question with the same old answer: buy your ticket and take your chances.
The take-away is that Ed feels the real money is in long-term trading as opposed to day-trading. Certainly if you are trading moving averages, you need to let your profits run. Personally, I hate trading moving averages -- or anything that wiggles, for that matter -- and no day will dawn when I'm willing to eat a 100 pip stop.
Buy the book anyway. There are useful and important nuggets and the book is worth the money. Just don't expect trade set-ups that you haven't heard about a hundred times before.


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A practical guide to trading the foreign exchange market
The Ed Ponsi Forex Playbook offers a visual approach to learning specific trading strategies and identifying profitable trading opportunities in the Forex arena. Page by page, it skillfully describes strategies for long-term trading, swing trading, and day trading in a clear, easy-to-understand manner.
Written by the author of the hugely successful Forex Patterns and Probabilities, The Ed Ponsi Forex Playbook takes the entire concept of Forex education to a new level. The author raises the bar with this ambitious work, presenting fresh new strategies and concepts. Ponsi uses clever analogies and comparisons to make his explanations crystal clear.
With Ponsi as your "coach", the book employs sports analogies to show you, his players, the way to victory on the Forex playing field
Strips away the mystery, showing exactly how successful Forex traders make money
Explains complex financial concepts in ways that the average person can understand
Provides not only useful information, but actionable information to the Forex trader

The foreign exchange market is the most actively traded market in the world, and Ed Ponsi is world-renowned as one of the foremost educators in this field. With The Ed Ponsi Forex Playbook as your guide, you'll learn how to take advantage of the many opportunities found in the Forex arena.

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Trade Stocks and Commodities with the Insiders: Secrets of the COT Report (Wiley Trading) Review

Trade Stocks and Commodities with the Insiders: Secrets of the COT Report (Wiley Trading)
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I just finished reading Mr. Williams book. I do not know Larry and I have never taken any of his courses. This is the second book I have read by him and I loved it. It is interesting to read other reviews and how they like it or dislike it. Most of the opinions seem to be based on whether or not Larry's ideas mesh with their own view of the markets. I trade Bond futures short term, they fit my style. This book deals with a longer term horizon than what I am used to, but, I could'nt put the book down. In my estimation its easier to identify short term moves, yet Wall Street and the general investing public's obesssion lies in trying to guess where and when the markets next big move is going to come. As a short term trader, I can use the COT data he points out as a high probability set up to formulate my game plan. I want the best odds possible. Larry does a great job testing data with no assumptions to get real, usable data that could have a significant monetary value to your investments or trading by dispelling alot of commonly held beliefs about technical analysis. I am an avid student of Technical analysis and I think the Studies that Larry has conducted provide the BEST possible roadmap and probable direction of the markets ahead. Its up to the individual to use that information accordingly. Larry's COT indicators provide great setups. So now its time to think. How can you formulate a strategy based on your own game plan to capitalize on this scenario. If your looking for someone to tell you when to buy and when to sell, you're never going make and money in this game. Rmember what Henry Ford said. "Thinking is the hardest work there is, which is probably the reason why so few engage in it."


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The High Frequency Game Changer: How Automated Trading Strategies Have Revolutionized the Markets (Wiley Trading) Review

The High Frequency Game Changer: How Automated Trading Strategies Have Revolutionized the Markets (Wiley Trading)
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Paul Zubulake and Sang Lee have written an excellent introduction to the High Frequency world. They take the reader through the birth and growth of high frquency trading and present the key elements of HFT and their impact on the markets.The authors leverage informational surveys with key participants to present factually based insights that are very informative. HFT will be a key component of market sturcture for a very long time and this book allows the reader to form a more complete understanding of its processes and its impact.
D. Keith Ross, Jr. CEO, PDQ ATS

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The financial industry's leading independent research firm's forward-looking assessment into high frequency trading
Once regarded as a United States-focused trend, today, high frequency trading is gaining momentum around the world. Yet, while high frequency trading continues to be one of the hottest trends in the markets, due to the highly proprietary nature of the computer transactions, financial firms and institutions have made very little available in terms of information or "how-to" techniques. That's all changed with The High Frequency Game Changer: How Automated Trading Strategies Have Revolutionized the Markets. In the book, Zubulake and Lee present an overview of how high frequency trading is changing the face of the market. The book
Explains how we got here and what it means to traders and investors
Details how to build a high frequency trading firm, including the relevant tools, strategies, and trading talent
Defines key components common to HFT such as algorithms, low latency trading infrastructure, collocation etc.


The High Frequency Game Changer takes a highly controversial and extremely complicated subject and makes it accessible to anyone with an interest or stake in financial markets.

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The New Commodity Trading Guide: Breakthrough Strategies for Capturing Market Profits Review

The New Commodity Trading Guide: Breakthrough Strategies for Capturing Market Profits
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I generally do not write reviews, however I found the strategies in this book so beneficial for any serious trader (or serious trader-to-be) that I felt compelled to add my two cents.

The concepts presented in the Trading Guide are elegant, simple yet profound. The author points out there's no `Holy Grail', however I have already used his SNI and Voice from the Tomb for successful trades, and his `Breakthrough Strategy' in my experience identifies the major trends more often than not.

In response to `Old Fashioned' I felt this review unfair in that the moving average explanation was tucked not in the body of the book but in the Appendix with this section specifically targeted for novices not familiar with how these work (and I do not see where he talks about calculating by hand?) Don't let this one review put you off as the body of the book presents many old and new useful concepts some I have not seen before in my many years of trading.

An excellent and essential trading book for anyone trading or thinking of trading commodity futures.



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"I've been trading stocks and commodities for more than 30 years, and I've read any number of how-to books, but George Kleinman's The New Commodity Trading Guide is as clear, precise, and useful as any book I've come across during my career. I cannot recommend it strongly enough, if for no other reason than George finally explains 'The Voice from the Tomb' better than any of the old guard at the CBOT. Read it and reap."--Dennis Gartman, editor/publisher The Gartman Letter, L.C."Commodities present great financial opportunity and, as every hedge fund and trader has experienced, great risk. This book shows how to use commodity trading and volatility to capture excess profits while limiting losses. These lessons are as critical for investors as they are for traders, as we are likely to be in a volatile trading environment for the foreseeable future."--Daniel J. Dart, private investor and COO, Merrill Lynch Investment Managers, Third Party Group (retired)"George Kleinman's book has just the right blend of practical trading wisdom, technical charting, and fundamental analysis. It's full of revealing discussions about seasonal trading patterns and long term trends. But most importantly it presents a balanced view that honestly reveals both the difficulties and advantages of being a private commodities trader. There's something here for both experienced investors and beginners interested in learning from a seasoned expert."--Jeff Augen, author of The Volatility Edge in Options Trading and Trading Options at Expiration"I highly recommend George Kleinman's The New Commodity Trading Guide. George's insights, the result of 25 years of successful trading experience, are explained in a way that a new trader can grasp and, at the same time, an experienced trader can translate into his own trading. Best of all, George presents many of his own creative trading methods including his Natural Number Method, explained for the first time in this book."--Jeff Quinto, president of Transformative Trading and futures trading coach"Since leaving the trading floor, George is one of the few people I still talk to about the markets, and this book clearly shows why. He is able to take classic time-tested methods of technical analysis and adapt them to the conditions faced by today's electronic traders."--Andrew Stanton, 20-year veteran of the NY trading floorsOver the long term, commodities prices are expected to rise based on massive increases in global demand. But, as many investors have discovered the hard way, merely knowing this is not enough to make consistent profits. Fundamental changes in the commodities markets have occurred that have implications most investors do not understand. For instance, century-old "open outcry" trading floors have now been replaced with computerized trading. In The New Commodity Trading Guide, commodities expert George Kleinman reveals the new practical realities of worldwide electronic commodities trading and specific strategies for capitalizing on today's radically different markets.Kleinman shows how to leverage the one indicator that consistently drives commodity prices today...introduces the right ways to trade on news and profit from trends...reveals consistent seasonal price shifts that mean huge profits...shows which conventional strategies still work (and which don't!). Finally, he introduces the Natural Number Method, a breakthrough approach that any commodities trader can use to supercharge performance!Capturing the 5000% returnWhat you can learn from one of history's fastest price moves

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Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets (Wiley Trading) Review

Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets (Wiley Trading)
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This book will be helpful to those seeking an introduction to the interrelatedness of the currency, commodity, equity and fixed income markets. The book is well written and easy to read. However, I would not suggest the book to a person with no technical, economic or financial background.
I have followed Mr. Laidi's currency outlook for over a decade now both on TV and in print, and can honestly say that I have yet to come across another analyst with the foresight of Mr. Laidi (he called the bear market and USD collapse when the rest of Wall St. were still believing in an unending bull market).
Although many of his correlations referenced in this book are obviously backward looking, it does teach traders to take a global market perspective before narrowing down to specific currency pairs. I felt his explanation of the FED, under both Greenspan and Bernanke, really did a good job on a very difficult topic, as many traders, like myself, really don't understand the different weapons the Fed and other central banks posses.
Equally useful and informative was his chapter on the effect of interest rates, there isn't enough space for me to go into it, instead I will let you gather the pearls of wisdom for yourself.
Mr. Laidi finally concludes that some of the historical tendencies are currently being challenged and that only time will tell if a new relationship has emerged or if history will again be proven right. Pick up this book if you want to read the work of an original thinker at the top of his craft. Whether you trade FX or another market, I think you will benefit from Mr. Laidi's insight.

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As head FX strategist at CMC Markets–one of the world's leading forex/commodity brokers–Ashraf Laidi understands the forces shaping today's currency market and their interplay with interest rates, equities, and commodities. And now, with Currency Trading and Intermarket Analysis, he shares his extensive experiences in this field with you. Throughout the book, Laidi outlines the tools needed to understand the macroeconomic and financial nuances of this dynamic field and provides you with insights that are essential to making the most of your time within it.

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Getting Started in Real Estate Day Trading: Proven Techniques for Buying and Selling Houses The Same Day Using The Internet Review

Getting Started in Real Estate Day Trading: Proven Techniques for Buying and Selling Houses The Same Day Using The Internet
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While this book is well-written and easy to read, it falls short on a couple of important points. "Day Trading" real estate, as defined by Goins, is really nothing more than basic double-closing/simultaneous closing house flipping that has been around for years. Yes, you're in and out the same day because both your purchase closing and sale closing are scheduled back-to-back, but you contract weeks in advance. Nothing new at all. Certainly more than a day to turn it around.
Also, the book claims that you can do this "without cash." However, in Chapter 7 Goins suggests that you borrow against your credit cards, life insurance, personal home or IRA. Or another suggestion - sell your stuff on Ebay. Sure are a lot of suggestions for getting that cash that the cover of the book declares you don't need to day trade real estate. Goins recommends a deposit of at least $500 for most contracts. That's required cash, pure and simple. It seems a bit deceptive to repeatedly say you don't need cash to do this when the reality of this method, or pretty much any real estate business method, is that at least some cash is required.
The print quality was lacking in the copy I received, with several of the front pages being illegible ink smears.
This book is well-organized and probably contains a nugget of good usable information here and there. If you've already read about flipping houses you will find little new material. If you haven't read about flipping then this book is as good as any to use for basic information.


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Real estate day trading is using the Internet to buy and sell houses without leaving home. In many cases, the investor closes on a house and resells it the same day. Readers will learn the author's system for how to buy and sell 5-10 houses a month in today's market, using the Internet, phone, fax, and email to analyze, research, and find the properties, buyers, and others needed for the transaction. Author Larry Goins has personally done deals in nine different states and has students in the US, Canada, Australia, New Zealand, Japan, China, Israel, the Philippines, and Denmark. Day trading can be used for wholesaling properties to other investors, retailing, lease options, short sales, foreclosure investing, etc. The basic steps are:
Search online for potential properties to make offers on, using specific techniques for finding the right ones.
Once an offer is accepted, usually within 1-2 weeks, put it on paper using clauses included in the book, and get the property inspected by a rehab contractor to get a free estimate of how much the repairs will cost. This is done by finding reputable contractors online and through referrals from realtors and through autoresponders.
Order an appraisal.
Sell it fast! Using the buyers list you have built on the internet through email marketing groups, social networking sites, blogs, free classified sites, bank-owned property sites, and more, send an email with the details of the property and instructions on how they can get the property under contract. Usually within two hours several potential buyers will reply.
Set up a closing to buy it and to sell it on the same day; closings are about 30 minutes apart. By it at 10:00 and sell it at 10:30, for example.
There are many ways to fund and close on the property. The book will contain step-by-step, easy processes for assignments, options, flex options, simultaneous closings, using hard money, private money, cash partners, and credit partners, none of which will require an investor's own cash or credit.

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