The Nature of Trends: Strategies and Concepts for Successful Investing and Trading (Wiley Trading) Review

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(More customer reviews)Trend identification is such a difficult art. Some think a simple moving average is enough, others use complex formulas, some just eye ball the charts. Barros instead uses his own system, based on disregarding irrelevant price info (such as a false new low), and instead looking for signs of an aging trend that is start to have new force pushed behind it. His objective isn't to pick the exact bottom, instead its to wait and see how a trend develops according to his wave system, then make a high probability entry point at a solid junction where he can manage his risk v reward. This type of thinking for trend changes and identification is far superior to the standard MA crossover type systems that exist, because it takes into account pressure that both the sellers and buyer are applying to the price movements.
His ideas and formulas do take some time to process on any trend, so don't think its a book written for those who want a simplistic solution. The great part about this book is you can truly build a workable system with its ideas alone. A lot of other books leave out key information, letting the reader seek out the missing pieces. Barros does no such thing, he gives you everything you need (so long as you can understand it) to build a solid long/intermediate term trading system.
One disappointment for me was the lack of info on day trading or very short term trades. I'm sure this was not by accident, Barros seems to know a lot about the day time frame and I'm sure he'll release another book with the day time frame perspective. It would have been nice to have a chapter on day time frame trends, but oh well.
If you're a technical trader and can't seem to find those good entry points, this is a good book for you. If your entries are fine, but you'd like a good exit strategy for long term positions, this is a good book for you. If you have just read some beginning TA books, and wish to move to the next level, this is an excellent book for you. If you want someone to explain market theories in relation to market fundamentals, probably look elsewhere. This book is more about a method you take on faith as working.

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Today's market participants have a myriad of tools at their disposal. Yet the success rate is that of old - 80% to 90% of traders fail to achieve their financial goals. This book shows traders how to get their investment act together. It covers in detail the three requirements needed for success: Winning psychology, effective money management and a written trading plan with an edge.* The Nature of Trends also provides unique tools (for example the MIDAS tool) that provide low risk trade entry by telling the trader the level at which an entry may be safely effected* Finally, the book provides the "Rule of 3" to manage a trade. These rules allow the trader to take profits and hold on for long-term profits without increasing risk

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All About Stock Market Strategies : The Easy Way To Get Started Review

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(More customer reviews)This dual authored 249-page book McGraw-Hill paperback covers different investment styles. It is divided into 10 chapters and includes a 15-page appendix of on-line investing resources, and 100 useful Websites, as well as a 9-page glossary. One unique feature is the inclusion of Psychological Quotient (PQ) Charts that can help readers ascertain their investment style and, thereby increase their odds on selecting the most appropriate investments.
The authors put forth the theory that if an investing strategy does not fit a person's personality that he/she will not stick with it for very long. Therefore, they provide a selection of currently used investing strategies together with the personality traits needed to execute the strategy successfully.
According to the authors, the investing process encompasses stock selection, timing of entry and exit points and portfolio management (asset allocation, number of holdings). However, they point out that the strategies for picking investment vehicles depends upon the investor's style of investing.
The authors point out that if an investor can use a systematic investing approach while maintaining discipline that he can more than double the annual return compared to random investing.
The authors created PQ charts. They rate each investment style on a scale of 1 to 10 for each of ten personality traits. These traits are: discipline; patience; risk tolerance; reward expectation; volatility tolerance; time horizon; time commitment; quantitative skill; charting skill; and investing confidence.
Nine specific investment styles are reviewed. The four major styles are growth (high risk/high reward); value (hunting for bargains); momentum (where the action is); and technical investing (using charts). There is one chapter on each style and together they cover 100 pages and are the heart of the book.
Each chapter follows the same format by providing the PQ chart personality rankings, anatomy of the types of stocks that fit that category, chart patterns of these stocks, how to screen for stocks, checklist of questions on evaluating stocks, exit and entry strategies, portfolio strategy, a case study, stock chart evaluation checklist, on-line resources, and helpful hints.
Five minor investing styles are portrayed in a separate chapter. They include: fundamental investing (balance sheet review), income investing (dividend payers), hybrid investing (combining styles), active trading (day traders, swing traders, position traders), and style surfing (style now in vogue).
Also provided are market capitalization strategies. Those covered include: large-, mid-, small-, and micro-cap strategies. A few advanced strategies are briefly discussed. They include short-selling, market-neutral investing, index trading, option hedging, and global investing.
Each style is explained and a PQ chart is included. A table showing the names of specific index funds and ETFs is also included for each investing style or market cap. This table provides readers with the specific funds to consider based upon their investment profile.
Overall, this book provides readers with a crisply written introduction to understanding the different investing styles, determining their style, help in locating funds that track these styles. This book contains sufficient resources to help investors strengthen their knowledge about investing and the markets. I highly recommend this book to new investors, as well as those who don't have a clue as to what they should be focusing on.

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ALL ABOUT . . . SERIES

All AboutSTOCK MARKET STRATEGIES

Nerve-rattling markets have convinced investors of one thing­­buy and hold is no longer the only viable strategy. All About Stock Market Strategies provides an in-depth examination of today's most popular and successful investing strategies. From the basics of each strategy to choosing the correct strategy for a particular market, it is an authoritative look into this essential topic, written for investors of every size and objective.

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The Index Trading Course Workbook: Step-by-Step Exercises and Tests to Help You Master The Index Trading Course (Wiley Trading) Review

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(More customer reviews)This book has some great information on how to trade Indexes. It is broken out into sections, so if you are new to options it will walk you through the basics of what an option is and the different option strategies that are used for markets that are trending either up, down, or sideways (no movement). Unlike playing stock, If you are a savy options player you can make money no matter what the market does.
If you are a more advanced options trader you can skip past the basic chapters to read about the different indexes that are available to trade and how you can leverage indexes where the underlying is based on Gold, Treasury Bills or Foreign Markets.
This is one of the best Options Books I have ever purchased and if you are a serious options investor it is a must have for your library. I had to write the review becuase, if I kept this gem to myself it would do disservice to the Authors and I want to encourage them to release future editions of this book.

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An indispensable, hands-on companion to The Index Trading Course
In The Index Trading Course, financial experts George Fontanills and Tom Gentile provide an in-depth look at the tools and techniques used to trade in this profitable market.
Now, in The Index Trading Course Workbook, Fontanills and Gentile offer a wealth of practical exercises that will help further your understanding of index trading, as well as test and apply what you've learned before you take one step into the real markets-where time and money are luxuries you can't afford to lose. The media assignments found in each chapter are especially useful. They'll help you put the material you've read into action by prompting you to access some of the extensive media tools currently available to all traders-including financial papers, magazines, the Internet, and television.
This hands-on companion to The Index Trading Course also includes a complete answer key for every multiple-choice question and covers a wide range of issues related to this discipline such as:
Core stock market indexes along with the sector offerings from a variety of financial entities
Actively traded index products, including exchange traded funds (ETFs), index options, and ETF options
Options strategies used for different trends and volatility situations
Indicators and systems
Trade adjustments
The art of risk management

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Trading Without Gambling: Develop a Game Plan for Ultimate Trading Success (Wiley Trading) Review

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(More customer reviews)This book is in the top eight out of the over one hundred stock trading books I have read. It presents one of the most important principles of successful trading: DO NOT GAMBLE, ONLY TAKE TRADES WITH A HIGH PROBABILITY OF MAKING MONEY. Author Marcel Link covers in great detail all the areas that a stock trader needs for success in the markets.
First he explains the importance of having a detailed trading plan:
1. Entering a trade
2. Exiting a trade
3. Stop placement
4. Position sizing
5. Money management parameters
6. What to trade
7. Trading time frames
8. Back testing
9. Performance review
10. Risk vs. Reward
In two areas of the book he writes about how even though great traders have a huge amount of differences about them they all share one common trait:Discipline. Whatever your trading style you must have the discipline to follow your trading plan by taking your wins while they are there, cutting your losses when it is time, and never trade to large a position and risk to much of your capital.
He touches on some of the key aspects of trading strategies, but his main point is whether you trade based on technical indicators or fundamentals you must trade a proven system that has been back tested and once you make your system rules, follow them.
The author advises focusing on one market and really know how your market or specific stock trades. He believes you can really hurt your performance watching commodities, futures, bonds, or to many individual stocks, and having to many positions on at the same time. I agree.
You will receive advice to keep the right perspective and always ask yourself "If I did not have this position on would I buy now"? Try to look over your own shoulder while in a trade and give yourself advice like you are trying to advise a friend's trading.
I really liked how Mr. Link said that you should avoid over trading and you should not always either be long or short a stock, that no position was a position in itself. (I had to follow this "no position" mantra in my major account in 2008 being unable to get a feel for any trend or support and resistance levels and saved myself from huge losses).
The author shares his personal trading rules, key principles for successful trading, favorite books and magazines. This book is a treasure test of information and advice from a real 20 year veteran trader who has done very well for himself and is sharing his knowledge with us. This is not a gamble, buy the book and use its principles and you will win in trading.

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Many people perceive trading as nothing more than a gamble. But there are still people who consistently make money trading. How do they do it? They've learned to separate gambling from trading. And the way they do this, says author Marcel Link, is by developing a proper plan. In Trading Without Gambling, Link shows how to create and use a sound game plan to improve every aspect of trading–including finding trades, timing, knowing how much to trade, where to exit, and how to adjust risk–while leaving very little to gambling.

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Real Time Proven Commodity Spreads: The 20 Most Consistently Profitable Low-Risk Trades Review

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(More customer reviews)I first balked at the high price of this book. It didn't matter that it was written by professional futures trader, George Angell. I bought it and studied the different spread trades that he dedicates a chapter each to. This book will be useful for years to come from taking these trades. The price is well worth it in just one or two contract spreads.

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This book updates spread trade Mr. Angell originally published in 1980.Learn 20 specific trade strategies that have been proven successful in real-time.One Pork Belly spread has been 100% correct since 1972!

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The Very Latest E-Mini Trading: Using Market Anticipation to Trade Electronic Futures Review

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(More customer reviews)An excellent primer for the beginning trader and good insights for more experienced traders. What stands out about this book is that Mr. Gutmann is not a professional trader, but got into trading like most of his readers probably got into trading, by thinking this looks like an easy way to make money (ha, ha). However, unlike 90% of beginning traders, Mr. Gutmann has become consistently profitable. Reading about his journey to profitability is a must for new traders. It takes hard work and he has some good advice.
The middle of the book is a detailed explanation of his trading plan. There are many concepts explained. New traders should not get overwhelmed with all the set-ups but initially focus on pull back or retracement strategies and stick to one market. I'm impressed that Mr. Gutmann can trade so many set-ups.
The set-ups are straight forward (most are available in TradeStation and the author will send you the indicators and TradeStation workspaces for a modest fee) and you won't find much more information from on-line trading schools or seminars. More experienced traders will appreciate the discussion on the expected values of one, two and three tier trades.
I enjoyed the book and can't wait to hear more from Mr. Gutmann as his trading evolves.


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Smarter Investing in Any Economy: The Definitive Guide to Relative Strength Investing Review

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(More customer reviews)With a title like that, you have to wonder if it can possibly live up to such a claim. I think so, and here's why:
1. He develops his ideas clearly, starting with the rationale behind RS, and its use in top trading strategies, such as Investors Business Daily and Value Line.
2. He then walks you through a variety of approaches (18!) to calculating RS, one step at a time, showing you how each one is calculated, and illustrating these with graphs.
3. Next, he walks you through his tests on RS, based on a broad range of sectors, with each of the above approaches, to show you how he arrives at his conclusions.
4. Along the way, he carefully addresses important questions that every trader must deal with, such as selection criteria, diversification, risk, stops, etc. He backs every point up with his own research, and with references to the key work of others--the academic research, and that of key authors such as Van Tharp and James O'Shaughnessy.
5. Ultimately, he develops this into a full fledged trading program for every kind of market.
Whether you are a systems trader or not, I strongly believe that if you only incorporate the least of his ideas on Relative Strength, you'll take a quantum leap forward with your trading.


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This book is about letting the little guy do what the big guy has always done. Hedge funds, pension funds, and other institutions have always used relative strength investing to rack up big returns, yet the methodology has never been presented to the individual investor as a viable, easy-to-understand investment strategy, as it is in this book. Michael Carr, a personal investor with a longtime background in system design and analysis, has applied his professional expertise to investing. After running millions of relative strength calculations, Carr proves that relative strength investing works in any market climate. By strictly following his methodologies outlined in this book, you can more than double the returns of the S&P 500, with less risk. Carr shares his results, methodology, and step-by-step instructions here in this book. Smarter Investing in Any Economy: The Definitive Guide to Relative Strength Investing will show you how relative strength strategies allow you to invest successfully in both bull and bear markets. Even in a market downturn, something is always going up. Relative strength will help you pinpoint that stock, currency, or commodity that s on its way up. Recent advances in computing capability and the widespread availability of ETFs have now opened up relative strength strategies to virtually any investor. Relative strength has been widely used for years by financial institutions; however, it was never accessible to individual investors because of complex custom programming requirements. Computing advances, coupled with new ETFs that limit risk have made relative strength a viable strategy for long-term investors and day traders alike. Carr has broken down his technique to the level that any Microsoft user can implement his strategies successfully.

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Long/Short Market Dynamics: Trading Strategies for Today's Markets (Wiley Trading) Review

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(More customer reviews)Most financial market books, especially those on TA, seem as though addressed to prospective targets: "Suckers, use my superdooper-specialized proprietary method, trade a lot, get my newsletter, and open an account at my very own, highly recommended XYZ brokerage firm." They are, generally, composed of descriptions of too-well known indicators, replete with glowing, yet unsubstantiated, accounts of the profits the author has obtained by using them. Even the more serious attempts, like those of John Murphy, are merely encyclopedic gatherings of indicators, with little effort made to determine their objective utility or profitability; or, like Kaufman's, while addressing a more intelligent, educated technician, too compendious. Sadly, the better books present the reader with barely more than introductions to approaches that are mathematically and computationally more rigorous; and, while they may also indicate further directions of study, do little in the way of providing it.
This book, I am happy to say, avoids all of these objections.
The author discusses and describes a number of statistical methods, and develops them into tools with which to measure and identify market development and direction. And though his instruction is often brief, it is to the point. This adds a certain density to the presentation, but it IS presented. As an example, he uses a quantile segregation of price-data to reduce the adverse effects of noise in a moving average. He indicates in two sentences the formula to use in EXCEL to obtain it. Testing of these tools is, of course, the responsibility of the reader, but there is no arguing the fresh, original character of these methods, and the patience with which the author explains them. If nothing else, it stimulates the imagination. Wait, that is everything, isn't it?
Very highly recommended.

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Hedge funds are now the largest volume players in the capital markets. They follow a wide assortment of strategies but their activities have replaced and overshadowed the traditional model of the long only portfolio manager. Many of the traditional technical indicators and commonly accepted trading strategies have become obsolete or ineffective.
The focus throughout the book is to describe the principal innovations that have been made within the equity markets over the last several years and that have changed the ground rules for trading activities. By understanding these changes the active trader is far better equipped to profit in today's more complex and risky markets. Long/Short Market Dynamics includes:
A completely new technique, Comparative Quantiles Analysis, for identifying market turning points is introduced. It is based on statistical techniques that can be used to recognize money flow and price/momentum divergences that can provide substantial profit opportunities.
Power laws, regime shifts, self-organized criticality, phase transitions, network dynamics, econophysics, algorithmic trading and other ideas from the science of complexity are examined. All are described as concretely as possible and avoiding unnecessary mathematics and formalism.
Alpha generation, portfolio construction, hedge ratios, and beta neutral portfolios are illustrated with case studies and worked examples.
Episodes of financial contagion are illustrated with a proposed explanation of their origins within underlying market dynamics

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The Markets Never Sleep: Global Insights for More Consistent Trading (Wiley Trading) Review

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(More customer reviews)The author makes some valid points about the globalisation and interdependence of markets. But there is a lot of repetition and the treatment is fairly elementary. Could be useful for beginners.

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Trading Systems: A New Approach to System Optimisation and Portfolio Construction Review

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(More customer reviews)A fairly good book, that does a excellent job at explaining the pitfalls of system building. While not agreeing completely with the authors on all points, most of their arguments are in line with best practice when it comes to back testing and system building. On the downside, I probably expected more code than what existed in the book, without it, the examples become something of a 'trust-me' trade.
Overall, a book that serves most system developer as a reminder that there are a number of ways to improve their own back testing protocols. More importantly, it does also make a good job at explaining the various charts and analytics that are available in Rina Systems and Trade Station.

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Every day the sun rises on the horizon there are some traders who make a fortune. It seldom happens but it does happen, as the names of William Eckhardt, Ed Seykota, Jim Simons, and many others remind us. And you can be one of them.
'Trading Systems' is an insight into what a trader should know and do in order to achieve success on the markets. You don't need to be a rocket scientist to build a winning trading system.
Divided into three parts, this book highlights exactly how you can build that system.

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Channel Surfing: Riding the Waves of Channels to Profitable Trading Review

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(More customer reviews)This book has some excellent information in it, and I would not hesitate to recommend it for intermediate-level traders. With one caveat: It ultimately encourages you to trade everything that moves.
The channels soon turn into webs, and as we know, the nature of a web is that everything ends up connected to everything else. If you connect every high and every low in sight, price is sure to bounce off something. Unfortunately, you won't know what, where, or when until after the fact. If you try to prognosticate, you'll end up over-trading, and best case, nibbled to death by commissions or spreads, and tight stops.
I've been trading full-time for 6 years now. I've tried a lot of strategies. The best all-time performer by far is to trade with an obvious trend until it reverses enough to break the pattern or starts drifting sideways. I use trend lines, support and resistance, and simple channels. With the addition of money management, that's it and that's all.
It's been my experience that when you try to get too fancy, you shoot yourself in the foot.


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Mastering Trade Selection and Management: Advanced Strategies for Long-Term Profitability Review

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(More customer reviews)When I started reading this book, it wasn't long before I started to formulate an opinion, and I was thinking this couldn't possible more than a three star book. It was highly technical even when addressing very general subject, and the tone seemed a bit condescending. It didn't help that the authors kept flogging their earlier book, Mastering the Currency Market: Forex Strategies for High and Low Volatility Markets. As I neared the halfway point, I began thinking that I would have to give the authors four stars, because everything they were saying was making sense. Sure, it was still very technical, and it was definitely becoming more and more geared for a specialized, limited type of short-term trader, but the charts (candlesticks) made sense and accurately illustrated the authors' points, and the strategies continued to be sensible and feasible. As I neared the end of the book, despite reading for the umpteenth time that such-and-such was a topic covered in their other book, I found myself thinking that the information conveyed in this book is valuable, useful, practical, and reasonable, and anyone who is serious about making money in some kind of financial market would probably be able to use some of what this book contains. The fact that they close out the book with concrete trading plans (not strategies or analysis) tailored to different markets and traders and built on their earlier chapters of analysis, trend spotting, and trade timing, finally convinced me that this is a five star book. True, had I not received a complimentary copy from the publisher, this is probably not a book that I would have read, but I have to say, even though I've no intention of becoming a short-term trader or delving into forex and commodities markets, I learned a lot reading this book and it gave me plenty of ideas which I think will work for long-term stock trading. Who knows? I may even pick up Norris and Gaskill's first book.


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Proven Trading Techniques for Lowering Risk and Increasing Profits

In Mastering Trade Selection and Management, market strategist Jay Norris provides proven strategies for generating profits on a consistent basis—under all economic conditions. The secret lies not in predicting the market but rather in carefully managing your trade from beginning to end.

Norris gives you step-by-step instructions for selecting a market to trade, and determining which direction to trade the market, what to look for prior to trading, and when to enter and exit a trade. Mastering Trade Selection and Management takes the guesswork out of trading by showing you how to:
Measure the effects employment, government interest-rate policy, and consumer confidence have on a market
Determine what levels need to be breached to signal a change of trend
Implement a monitoring system to gauge when the current trend is holding or changing
Analyze markets down to an intraday level to identify historical support and resistance levels
Avoid emotional pitfalls that might lead you to make poor decisions—such as exiting a trade too early or failing to pull the trigger on a trade signal

Norris's simple five-step system for trading will make you a more consistent and profitable trader. Using the wealth of graphs, charts, and trading examples inside, you can research, set up, and test your trades in order to fine-tune them for the real world. You risk no money and qualify yourself to make more trades that are lucrative.

From planning to execution to exit, the blueprints to the fine art of trading are now in your hands with Mastering Trade Selection and Management.

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Market Timing For Dummies Review

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(More customer reviews)Market timing eluded me for years, then the principles and strategies laid out in this book have made timing a useful tool for me.
I found the section on methods and strategies especially enlightening and this may well have been the missing piece in my own education. The application section is a definite help in understanding timing.
The section on sectors has really made me money over the last year in the area of financial services and even more so in energy. I doubt that my trades would have been nearly as productive without this information.
Finally, the Ten Game Saves is a top ten list that every investor should memorize and use whenever trading.
All in all, I would give this a five star rating based on clarity of the concepts, usefulness of the information and the helpful illustration of the techniques and strategic approach.


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Trading Rules II: More Strategies for Success Review

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(More customer reviews)The original Trading Rules gave me a bible of rules to use when looking at markets. This one goes one step further by offering even more insight into market strategies employed by the market insiders. Eng's explanation of stock splits as a form of revisionist history shows how the big boys really use stock splits to rewrite their original costs ... and screw the public ... is an insightful chapter. Eng's use of arbitrage clearly explains how I can use it outside of the markets! Other chapters are just as valuable to making money. In fact, no other book has portrayed the game played against the public as this one book by Eng. Eng's twenty years of market experience certainly shows up here. This is for today what Reminiscences of a Stock Operator was to investors and traders of the 1920s

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Make Money Trading: How to Build a Winning Trading Business with foreword by Toni Turner Review

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(More customer reviews)I am a visual learner, and the illustrations/figures in the book are helpful in explaining key concepts. The book finally made evident to me the importance of understanding risk in trading. I've read over and over things like "keep your losses small, and let your runners win" but I never really understood why I could have a trading system that wins 80% of the time and still have a losing system. This book spells out the interrelatedness of profit targets, stop losses, percent profitable, average win and average loss. It provides a clear, systematic approach to system development that includes some of the realities of trading (like if it looks too good to be true on paper it most certainly will be in live trading). The book also provides several strategy examples that were really helpful to me.

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Want to be your own boss? Live independently? Take a more active role in managing your money? That s what a trading business can mean for you money, independence, and complete control over your finances. But without the proper education, about 90% of people will fail. That s why this book is essential to your trading success.Jean Folger and Lee Leibfarth present an organized, top to bottom look at what it means to start, run, and ultimately succeed at the business of trading.As active traders with over 15 years of teaching and coaching experience, Jean and Lee wrote this book specifically to give you unlimited access to all the tools and skills necessary to becoming a profitable, self-sufficient trader. Inside you ll find information that will turn you from a spectator to a full-time pro!Gold mines and pitfalls of the Business of Trading: Learn what makes the markets tick to find the next big win, essential risk management techniques to protect your gains, and detailed information on how technology can be your greatest asset and make your life easier.How traders predict the markets: Explore the tenets of technical analysis and how reading the charts can help you pinpoint the highest probability trades.Secrets of disciplined trading: Discover the secrets to developing, testing, and building a successful trading plan to fit your personal style with tips on backtesting, optimization, and evaluation. Don t risk your money reinventing the wheel. Every detail you need to start or refine your trading business is in this book. Packed with of examples, downloadable code, and worksheets, Make Money Trading is the ultimate resource for creating a winning trading business. Come discover what Jean and Lee already know the joys of being an independent trader.

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New Trading Systems and Methods (Wiley Trading) Review

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

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(More customer reviews)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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Click here for more information about Quantum Trading: Using Principles of Modern Physics to Forecast the Financial Markets (Wiley Trading)

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