Archive for December, 2008

The Next Great Bubble Boom

The Next Great Bubble Boom is principally a book about cycles. This is not Harry Dent’s first book. He has published others, with reasonable accuracy. One, in the late 1980s – when everyone else was buying – forecast the decline of the Japanese economy, and hence its share and real estate

Thursday, December 18th, 2008 Trading books reviews No Comments

Trading the SPI: A Guide to Trading Index Futures

A trading book with a narrative! Trading the SPI is written by Brent Penfold, who is eminently qualified to write such a work – apart from being the regular YTE book reviewer, he actually trades the SPI (and other index futures) for a living. Not only that, he might just have produced an

Thursday, December 18th, 2008 Trading books reviews No Comments

Forex Made Easy

Forex Made Easy is an introductory book on foreign exchange (FX) trading. The book begins with an introduction to foreign exchange, fundamental and technical analysis, FX options and how to create a trading environment at home. The author then provides a basic overview of trading – stepping

Thursday, December 18th, 2008 Trading books reviews No Comments

Trade Like Jesse Livermore

If you’ve read Reminiscences of a Stock Operator and are a fan of Jesse Livermore (like me) then you’re probably excited to learn of a new book titled Trade Like Jesse Livermore by Richard Smitten. This is Richard’s second book on Jesse Livermore. He is the author of the informative and

Wednesday, December 17th, 2008 Trading books reviews No Comments

Conquering Stock Market Hype

Conquering Stock Market Hype is a book written for share investors who don’t have the time or the inclination to check their portfolio each day. The author believes the bell does ring at market tops and bottoms if you have the inclination and knowledge to listen for it. When extreme public

Wednesday, December 17th, 2008 Trading books reviews No Comments

The Next Step to Share Trading Success

This is Leon Wilson’s follow-up to The Business of Share Trading. At 468 pages The Next Step is not only a substantial book but also a very detailed and thorough one. Leon begins where he left off in The Business of Share Trading building the case for why private traders should look after

Wednesday, December 17th, 2008 Trading books reviews No Comments

Trading in a Nutshell

This is the second edition of Trading in a Nutshell, originally published in 2001. Within this clear and precise book Stuart covers all the essential elements of successful trading. Although it is a relatively small book with a simple title you should not be fooled by either when considering its

Tuesday, December 16th, 2008 Trading books reviews No Comments

How to Get Started in Active Trading and Investing

How to Get Started in Active Trading & Investing is a book that advocates a top-down approach to trading, combining fundamental analysis with technical analysis. David Nassar begins by explaining why managing your own investments is superior to giving your money to the professionals, whose

Tuesday, December 16th, 2008 Trading books reviews No Comments

New Markets, New Strategies

New Markets, New Strategies, by Jason Trennert, the chief investment strategist for the International Strategy & Investing Group, provides an insider’s view on how investors should view and approach the markets following the 2000 bear market and 9/11. According to Jason, times have

Tuesday, December 16th, 2008 Trading books reviews No Comments

High Probability Trading

High Probability Trading may in time find itself being placed beside Van Tharp’s Trade Your Way to Financial Freedom (McGraw Hill) and Elder’s Trading for a Living (Wiley). Like Van Tharp and Elder, Marcel Link has put together a book covering the whole trading gambit – method, money

Tuesday, December 16th, 2008 Trading books reviews No Comments

Dynamic Trading

Dynamic Trading is the discretionary trader’s book. Having originally purchased my copy of Dynamic Trading in 1998, I found that in the second edition, except for some additional examples, there appears to be very little difference. Dynamic Trading is a large and comprehensive book that

Thursday, December 11th, 2008 Trading books reviews No Comments

Understanding Eminis: Trading to Win

When I first flicked through Understanding Eminis: Trading to Win, my initial reaction was unfavourable. I thought the book was no more than a dictionary on indicators and little better than my old SuperCharts manual. On closer inspection I saw that my initial thoughts were a little

Thursday, December 11th, 2008 Trading books reviews No Comments

Investing On Wall Street

Investing On Wall Street, as its name implies, is not a trading book but rather a practical guide to investing in the US. If you have ever been curious about how to invest in the world’s largest economy but have been too afraid to ask, then this book is for you. Andrew Quin develops a logical

Wednesday, December 10th, 2008 Trading books reviews No Comments

Starting Out In Shares – The ASX Way

This is the first book in a series of three that the Australian Stock Exchange (ASX) has produced to help people learn more about the sharemarket. If you’re new to shares, this book is for you. Starting Out in Shares assumes the reader has no prior knowledge and provides a solid foundation to

Wednesday, December 10th, 2008 Trading books reviews No Comments

Trading Options – The ASX Way

This book is directed at the confident share investor, as it opens the door to the world of options. Have you ever been curious about options but too scared to ask? If so, there’s no need to continue worrying, because this book is for you. It’s an excellent introduction to options. Part One

Wednesday, December 10th, 2008 Trading books reviews No Comments

Are You Really a Risk Taker?

Very early on, in the first day of any class I teach, I write on the white board these two words in big bold print: EMBRACE RISK. It would seem that everyone looking to get involved in trading, whether on a full-time or part-time basis, understands that trading is a risky business, so embracing

Tuesday, December 9th, 2008 Trading articles No Comments

Triple 3-Dimensional Options Are

Often I am asked: “What is the advantage of trading options versus trading equities?” In Yoda’s (the Star Wars character) speech pattern, I frequently reply: “Triple three-dimensional options are.” The following article will describe in detail each of the three areas

Tuesday, December 9th, 2008 Trading articles 3 Comments

Trading Systems, Fibonacci and Other Forex-Related Q & A

Greetings from New York City! I have some great email questions this week about a variety of topics – please keep those questions coming! Let’s get started with a question about trading during the U.K. session… Q) Hello Ed! I’ve been following you for the past year or so; I like

Tuesday, December 9th, 2008 Trading articles No Comments

Human Action is a Direct Result of Your Belief System

At the core of any significant economic, political, scientific, social, medical, psychological or cultural theory lies a quest to understand and quantify the forces of change, action, or energy. The theories that attempt to quantify “force” that have stood the test of time, date back

Tuesday, December 9th, 2008 Trading articles No Comments

Trading the Sharemarket – The ASX Way

Trading the Sharemarket assumes the reader has prior knowledge of shares, and is written for those investors who wish to be more active in the sharemarket. The primary message in the book is that active participants should design and follow a plan. Having a plan is the key. Trading the

Tuesday, December 9th, 2008 Trading books reviews 1 Comment

Shares in a Nutshell

When a publication is in its second edition, it generally means that the first edition proved so popular, that the publishers felt it was worth revising and re-issuing. This brief introduction to shares is just that. As with all the …in a Nutshell books, it is simple, though not

Tuesday, December 9th, 2008 Trading books reviews No Comments

Options: A Complete Guide for Australian Investors

Options are a great way to make money – and to get your fingers burnt. Simple books on options often give the impression that they are a simple tool and easy to understand. They aren’t. In recent years, Guy Bower has done his best to make understanding and using these tools as

Monday, December 8th, 2008 Trading books reviews No Comments

The Stock Market Survival Guide

This is a book of strategies and concepts. Often we look at books that are very specific in nature, and that need to be closely studied from cover to cover. This book could be read on an annual basis or could even be the foundation for a regular review with your investment team (your accountant

Monday, December 8th, 2008 Trading books reviews No Comments

Super Safe Investing in Syndicates and Listed Property Trust

As the world turns, what is referred to as the economic clock also continues turning. In general, investors move through cycles of optimism and pessimism with various asset classes. This book explores one of those classes – syndicates and property trusts. Hewat is a former newspaper editor and

Monday, December 1st, 2008 Trading books reviews No Comments

Large Pullbacks

Using Limit Orders We also would like to take the above combination, and if possible, buy the stock on an intra-day limit order below yesterday’s close. As we have discussed in the previous lessons of this course, these intra-day drops have increased the average gains per trade going all

Monday, December 1st, 2008 Trading articles No Comments