The Exchange-Traded Funds Manual (Wiley Finance) Review

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(More customer reviews)Gary Gastineau, a managing director at Nuveen Investments and the author of The Options Manual (1988), has written the most detailed account available in print of open-ended exchange-traded funds: how they work, what are their distinctive characteristics, who trades them (largely, specialists, market makers, and hedge funds), who owns them (largely, brokerage firms clearing and carrying the ETF shares for specialists, market makers, or hedge funds), and what are their advantages and disadvantages over other sorts of investment for various investors.
This is no gripping page-turner, in the league of Jack Schwager's "Wizards" series. But it doesn't need to be. Mr. Gastineau's manual is directed chiefly at investment advisers and financial planners as a reference volume, and it serves that purpose quite well. Advisers and planners, and of course their clients, face a bewildering variety of issues pertaining to these relatively new vehicles-issues of tax efficiency, risk management, trading costs and spreads, etc. In many offices, this book will be a welcome aid in sorting out all of that.

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Full coverage of ETF investments from an expert in the field
The initial edition of Gary Gastineau's The Exchange-Traded Fund Manual was one of the first books to describe and analyze ETFs. It made the case for the superiority of the structure of investor-friendly ETFs over mutual funds and helped investors select better funds among the ETFs available.
With this new edition, Gastineau provides comprehensive information on the latest developments in ETF structures, new portfolio variety, and new trading methods. With a realistic evaluation of today's indexes, Gastineau offers insights on actively managed ETFs, improved index funds, and fund and advisor selection.
Discusses how to incorporate ETFs into an investment plan
Offers updated coverage of new ETFs, including full-function actively managed ETFs, and a valuable chapter on trading ETFs
Written by the leading authority on exchange traded funds

Exchange-traded funds offer you diversification and participation in markets and investment strategies that have not been available to most investors. If you want to understand how to use ETFs effectively, the Second Edition of The Exchanged-Traded Fund Manual can show you how.

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Exchange Traded Funds and E-Mini Stock Index Futures Review

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(More customer reviews)I've attended several of Mr. Lerman's stock index seminars that he has done for the Chicago Mercantile Exchange--I agree with one of the endorsers that stated that he is a powerful communicator. He has translated his gift for teaching investment/trading principles into written form. Exchange Traded Funds and E-mini Stock Index futures was not only highly educational, it will help boost my investment returns and help save thousands of dollars in annual fees/expenses as well. I particularly liked the asset allocation section and appreciated how easy it is to construct portfolios with Spiders, QQQs and other ETFs. The best parts though were the multitude of strategies for basic investors all the way up to the more advanced trader. The sections on hedging portfolios against a bear market and spreading small/midcaps vs. large caps were easy to comprehend and implement. With small and mid-sized stocks outperforming the large caps YTD 2001, and in 2000, these types of strategies are very germaine. There are also tons of great statistics, graphs and an excellent section on Risk--the most ignored factor in investing. For the advanced investor he also explains fair value and index arbitrage in very easy to comprehend language. Overall, great job...well worth the time and money spent!

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Shows how to use both ETFs and E-Minis for high-powered results
Exchange Traded Funds (ETFs) are a remarkable new tool for trading and investing in broad market segments or narrow sectors. ETF trading volume and asset growth continue to soar at record levels. Ideal for speculating in and hedging as well as long-term investing in the broader markets, these index products work together to diversify and balance any global portfolio. Now, one of the top executives (and experts) in the industry reveals the intricacies of the products, how to use them, and what the future holds. Readers will get sample index portfolios and strategies for all market participants--ranging from the short-term trader to the long-term investor; and from the risk taker to the conservative investor.
David Lerman (Chicago, IL) is the Senior Director of Equity Index Products Marketing at the Chicago Mercantile Exchange. He has traveled around the globe on behalf of the CME, giving seminars and workshops to retail and institutional audiences, including pension funds, corporations, banks and brokers on risk management/trading using equity index futures and options.

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The ETF Handbook, + website: How to Value and Trade Exchange Traded Funds (Wiley Finance) Review

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(More customer reviews)If you are an investment professional and are trading, or interested in trading ETF's this book should be on your desk. I have reviewed several ETF publications in the past few months. I returned all of them except for this one. As we know ETF's are not just another equity. This publication exposes the myth that posted volume of an ETF is its liquidity. It also explains the best method of buying and selling ETF. This point alone can save you hundreds of thousands on transaction fees. (Of course this is on an institutional size trade.) It also empowers you with the knowledge of how the market makers and broker dealers work with these products. With over 800 listed ETF's for just the United States, as a professional money manager you owe it to yourself to read book. It will assist you in doing your due diligence on these investments. As you can tell I think this is a must read!

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Super Sectors: How to Outsmart the Market Using Sector Rotation and ETFs (Wiley Trading) Review

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(More customer reviews)I trade as a second job and read over 80 books about trading and investing so far in my career. if you read other books about sector rotation, like john murphy s intermarket analysis and Laidi s " currency trading and intermarket analysis " and were expecting something similar dont buy this book. is has only very superficial information about sector rotation. the rest of the book is about common sense investing rules, some trading tips and some quotes about sun tzu. they are all worthwhile for a beginner who just started trading but thats it. the chapters about 5 sector supertrends are more than obvious. who doesnt know that china is growing a lot and will consume a lot of commodities? please. I did not pay to hear that. This author poorly matched the contents of his book with the title. Other readers should be warned. If you want to know about sector rotation, and i say that because this is exactly my trading style, you should read the above mentioned books or Sam Stovall s " sector analysis" . Apart from that you have Martin Pring's newsletter and thats about it. no more worthwhile reading in the market about sector rotation. sorry for my spelling I am so pissed of because i bought this book that I am writing this review from my cell.

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Smart financial strategies that can secure your financial future

There are more than 600 exchange traded funds on the market today, and new ones are opening every day. Total worldwide invested assets in ETFs now tops $500 billion. Written in a straightforward and accessible style, Super Sectors outlines a specialized trading system that utilizes standard and leveraged exchange traded funds in an easy-to-follow plan, so that you can identify and invest in the hottest sectors in the world.In this book, author John Nyaradi skillfully shows you how to use ETFs to take advantage of businesses and sectors that are profiting, while also minimizing risk by getting out of the same areas before they start to decline. Along the way, Nyaradi reveals how to best analyze different sectors, such as technology, utilities, industrial, energy, services, and finance, and then discusses which ETFs can help you profit from the opportunities these sectors present. The book:• Outlines an active investment management strategy that will allow you to generate steady success in any market• Details how different types of businesses profit and suffer during different business cycles• Explores how sectors rotation strategies and exchange traded funds can put you in a better position to excel financially• Includes interviews with key expertsThe "buy-and-hold" strategy of yesterday won't work in today's investment environment. Nyaradi identifies the strongest potential sectors in the future. Find out what will work with Super Sectors as your guide.

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ETF Trading Strategies Revealed (Trade Secrets (Marketplace Books)) Review

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(More customer reviews)This book is "worth its weight in gold" if you are serious about trading or investing using Exchange Traded Funds (ETFs). On first impression it seems like a pretty thin book (90 pages), and the heart of the material in Part III is just 30 pages. But in Part III you learn very simple, practical, back-tested rules and strategies for outperforming the market by rotating periodically to the best-performing ETFs. The book presents results (compound annual returns) from following these strategies from 1998 to 2006, ranging from 15-16% for style index rotation to 19% adding an international ETF, 20% for sector ETFs, and 26% using Fidelity sector funds. [...]
The hardest thing for many traders or investors to accept may be that such simple, mechanical strategies that require monitoring the market only once every other week (with variants once per week or once per month) can perform so well. They work, for these funds better than for individual stocks, because of persistence of trends within market sectors, and styles such as value vs. growth and large-cap vs. small-cap that last even longer. Many people want to use fancy indicators, and many traders are in the market for the action and are too impatient for this approach. But if your goal is to simply make money with less risk than the overall stock market, this approach is very practical and usable.
The other 60 pages of this book include an introduction to ETFs and how they work, two chapters on chart analysis -- one written by Steve Palmquist, a successful professional trader, and one where David Vomund interviews well-known trader Linda Bradford Raschke -- and a short chapter on trader psychology that presents the personal trading process used by Dr. J.D. Smith, founder of AIQ Systems. They are very worthwhile for their advice and antidotes to the traps that traders often fall into.
I know David Vomund and knew Jerry Smith personally, and have met Linda Raschke and Steve Palmquist -- these are four very good people to learn from. David Vomund, the author, manages money using these strategies, and writes and presents seminars for AIQ. He is rated by Timer Digest as one of the ten best market timers for the 10-year period ending December 31, 2005, and has appeared on the cover of that publication twice in this period. But none of this seems to go to his head -- David's philosophy is pretty simple, practical, and all about making money rather than trading excitement or fame. If you actually apply these strategies, this book should literally be worth its weight (just a few ounces) in gold, and potentially quite a bit more.

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Want to know how to trade the hottest new investment vehicle? This book reveals the secrets of profiting from a new and growing investment vehicle the Exchange-Traded Fund. Pulling from experts in the field like Linda Bradford Raschke and Steve Palmquist, this book has all the information you need to begin trading ETFs for profit: Learn the basics of ETFs; how they work, why they re growing in popularity, and how you can get your share of the profits. Discover the way to apply classic techniques to leverage your ETF investments for both the short-term and long-term. Study simple but highly effective mechanical ETF rotation techniques (style, sector, and international) that are now available to the individual investor. ETF Trading Strategies Revealed doesn t end there. Learn from long-time trader and founder of AIQ Systems, Dr. J.D. Smith, what it takes to mentally be the best. When you have the emotional discipline to follow his techniques, you ll find increased profits aren t far behind.

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Simple Steps to Trading Discipline: Increasing Profits with Habits You Already Have Review

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(More customer reviews)This is a great trading book that covers two important aspects of trading: discipline and keeping a trading journal. Author Toni Hansen shows the reader how to correctly track each trade by logging it as soon as possible after it happens to capture the thoughts and emotions linked to that trade. She also shows how to analyze the type of trade it was, the time of day it took place, and the method you used, by doing this you can more clearly see your strengths and weaknesses in different types of trades. You will use the information you gather to correct your losing trades by adjusting areas that you see are causing losses, it could be to big of position sizing in a certain trade,you may have entered the trade to late, or traded a security that does not fit your personality. By keeping an accurate trading journal this book shows how you can track, analyze, correct, and learn to be a better trader and profit from this education.
While the keeping of a trading journal is the main theme of the book it also offers great advice for good trading. You must focus your trades on markets and securities you know well. You must have a focused trading plan and master the art of reading price action in the markets. New traders must narrow down this field and discover the areas of the market for which they have the most natural aptitude. When trading, the ability to think and act swiftly without hesitation is a major key to your success. You will learn why the five building blocks to price development are pace, support and resistance, trend development, volume, and correction periods and how to read and profit from them. The book offers great advice for beginners like: "An important concept for any trader to learn early on, however, is that cash itself is a position." And "A trading system is only as good as your ability to implement it." You will also see how the impact of your emotions will have a huge impact upon your success or failure in trading. This book will be a five star for beginning traders that are just getting started on building a trading system and learning how to learn from their mistakes. Veteran traders will learn little but may need a refreshment course on discipline if they have gotten off track. Also check out Alexander Elder's trading books for a more in depth understanding of the psychology and discipline needed to be a successful trader.

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Trading ETFs: Gaining an Edge with Technical Analysis Review

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(More customer reviews)Deron Wagner,in Trading ETFs, has presented a very simple, logical and, I think, successful approach to trading ETFs. In a very readable and understandable style and utilizing numerous chart examples, Mr. Wagner describes how he goes about finding the highest probability trades, how he determines the optimum entry point, how he manages open positions, and how he exits positions be they big winners, breakevens, or losers.
He describes his approach as being a "top down strategy". His first step is to determine the direction of the broad market trend; then, once the trend is determined, he finds those indexes that have the most relative strength or weakness compared to the major indexes; then he selects the strongest ETFs within those indexes (or weakest if going short); then he looks at volume for confirmation; and finally he uses one or more of several techniques to properly time the new entry into the selected ETF.
The one thing that I liked most about Mr. Wagner's book was his use of clean and simple charts. He uses almost exclusively only two and sometimes three moving averages, draws simple trendlines and areas of support and resistance, and shows volume levels and averages. He does not "goop' his charts up with additonal indicators such as MACD-Histograms, slow stochastics, and RSI. While these indicators are certainly very useful to many traders, Wagner's plain, simple approach of looking only at price action and volume confirmation has a lot to be said for it.
Risk management and position sizing are touched upon only briefly but adequately and his comments about using trailing stops are most enlightening.
The two chapters describing case studies of 10 ETF's bought long and 10 ETFs sold short are most useful in illustrating the use of Mr. Wagner's various setups.
I have read Trading ETFs only once now but I am already looking forward to going through it again a second and third time. It is the type of book that you can only absorb only so much the first time around but pick even more pearls of wisdom on subsequent readings.
Needless to say, I recommend Mr. Wagner's newest book highly.

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Day Trading With Short Term Price Patterns and Opening Range Breakout Review

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(More customer reviews)This author is one of the few that have touched upon one of the most fundamental and universal properties of almost any market. Whether your games is futures or equities, look at any chart and you will see periods of little price activity alternating with periods of greater price movement. This is the crux of this book. Markets invariably move from stages of expansion, to contraction, and back to expansion, etc. Several other price patterns and technical analysis approaches are tested as well. However, after reading this book, you will no longer be one of those who try to "get in" on a runaway bull or bear market - only to have it turn right around on you as if it knew you were coming, but rather, you will be one of the ones who are ready when an otherwise "dead" market takes everyone else by surprise.

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Short-Term Profit Hunter: Stochastics, Moving Averages and the Mindset to Make You a Winning Trader Review

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(More customer reviews)Jay's presentation of his refined trading technique was just in time for me. The methodology Jay has evolved which include 3M - Methods, Mindset, and Management are all encompassing the trading business. His methods provide the trader resource enough to begin trading for profit almost from his next trade. I have set up his method and it worked great for me on NIFTY futures on the morning of 3rd Feb 2011.

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Commodity Trader's Almanac 2011: For Active Traders of Futures, Forex, Stocks & ETFs (Almanac Investor Series) Review

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(More customer reviews)After reading the reviews here, I purchased this book (2011 edition) for my significant other this Christmas. Of all his gifts, he LOVED this and pored over the contents for hours. It's a great addition to any serious investor's library. The part i liked most is the journal format for each date, to write notes etc. No more little post-its with stock symbols all over the house!

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12 Habitudes of Highly Successful Traders Review

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(More customer reviews)This book clearly explains 12 habits you must develop to be a successful trader. These habits are developed through having the right attitude toward trading.
Preparedness-You must be prepared to trade, do not take trades with out the right thought put into the trade and methods applied to them.
Abundance consciousness-You must believe that there is plenty of money to be made in the markets, and you deserve to have your share.
Risk Taking-You have to take the right amount of risk for your profit goals but not put yourself in a situation of blowing up your account.
Thinking in Probabilities-You must trade in a way that gives you an edge in the markets. The odds should be in your favor.
Discipline-You must follow your own methods and strategies that give you that edge. Always follow proper psychology, risk management, and method.
Courage- You must have the ability to pull the trigger and make the trade. You can't paper trade and back test systems forever.
Accept Loss-This is the most important habitude, you must decide what price will let you know you are wrong and sell to stop your losses when that price is hit. Not doing this can lead to the destruction of your account.
Comfortable with Uncertainty-You must understand that anything can happen at any time in the markets, and accept that.
Optimism-You must have a positive attitude when trading.
Open-Mindedness-You must be open to all possibilities, and be able to change styles and systems when markets change.
Long Term View-You have to understand that each trade is only one among hundreds
and that in the long term your systems and methods will be successful and you will profit even after draw downs in equity.
Detachment-You must keep your self worth and ego separated from your trading. You are not your trades. You will trade better if your life is balanced.
The book does a great job of explaining why each of these habits are essential to success and how they tie together in the way a trader must think. You can learn these principles the hard way through losing money and time trading with the wrong mindset or you can just read this book, believe the author and follow her good advice. This book is short and to the point, it does not waste a page or a sentence, I believe the price paid will be worth it to beginning traders or those that need to work on their trading psychology. The book is small but the principles it teaches are huge.


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Twelve Habitudes of Highly Successful Traders uncovers all the habits unsuccessful traders refuse to accept."Have you ever found yourself fully intending to do one thing and ending up doing quite the opposite? Or promising yourself you won't do something and going ahead and doing it anyway? Or wanting to do something but finding yourself not doing it? These are sins of omission and commission and mixed behavior."Ruth Barrons Roosevelt, a futures trader and international psychological trading coach, shows traders how to recognize emotions, resolve conflicts and how to make good habits a second nature.Are you the reason for your inability to be a prosperous trader? You may see an opportunity, have the courage to invest, and yet end up sabotaging the trade before fruition. She guides you into acknowledging your strengths and weaknesses and gives practical successful resolutions.Ruth's first book on trading psychology, Exceptional Trading, is a well acknowledged success and this book should equal or exceed your expectations. The reader will want to review the book each year to assess his current trading 'habitudes' and make adjustments under her competent tutelage.You get an extra bonus when you purchase this title or her first book. As you recognize your shortcomings and bad 'habitudes' in trading, you'll find you can apply them to your whole life. Along with owners of her first book, you will begin looking for another new title authored by Ruth Barrons Roosevelt.

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