Technical analysis in future and option trading+free bookstore
I have to warn those who want to learn some trading techniques using the Elliott Theory or Neeley Method, since there's nothing in this book about trading, but do not forget that this book is mastering the the Elliott Wave. Do you think you still need a pre-made trading technique after mastering the theory? I don't think so. This book provides an overview, analysis and mathematical calculations for over 70 different technical indicators.
Each entry features an example that shows precisely how the indicator performs in real markets. The only thing I really took issue with was the habit of trying to predict the size and extent of price moves rather than sticking with more general observations regarding momentum and overall movement. Looking for something to happen before there is evidence of its arrival is a dangerous game for technical players, and to devotees of the approach, a friendly warning: Meaning, always keep in mind that effective technical analysis highlights probability rather than makes predictions.
To sum up, buy this book if you are new to technicals, if you want to brush up on your knowledge, or if you just want a handy reference. But be wary of the prediction trap. Keep your understanding of probability and odds intact. As an avid reader of financial publications and a student of the financial markets, I read "The Precision Profit Float Indicator" by Steve Woods with great excitement and utter disbelief.
Excitement that this new to me indicator may be the "missing link" for me being able to achieve an above average rate of return in trading the markets. And, disbelief in the fact that the basic concept is so simple and is based upon so much common sense that it has been overlooked by all the brilliant financial minds for so many years.
It appears that Mark Twain's statement that "the only thing not so common is common sense" is certainly valid in this situation. I am firmly convinced that financial market authors will soon place Mr. Wood's name along side those of Mr. Elliott for their respective unique discoveries. It is strongly suggested that prospective readers of "The Precision Profit Float Indicator" keep an open mind while reading this unique publication. Woods' fine work gives new meaning to the statement that "fact is sometimes stranger than fiction!
The holy grail of stock analysis. Has sold over , copies, so you can bet that it has influenced more than one investor. Covers just about everything. You will use this book as a reference time and time again. This classic tale and bestselling financial planning book has been updated to reflect the very latest tax laws. It's the story of a friendly barber who dispenses timeless, homespun advice that will help anyone get rich--slowly but surely. In this new and updated edition of one of the biggest-selling financial-planning books ever, David Chilton simplifies the complex puzzles of personal finance and helps you achieve financial independence.
With the help of his fictional barber, Roy, and a large dose of humor, Chilton shows you how to take control of your financial future--slowly, steadily, and with sure success. Chilton's plan detailed in an entertaining story is no get-rich-quick scheme, but it does make financial independence possible on nothing more than an average salary. Big trading profits are achieved when you identify the big market trends - and ride them for all they're worth. Don't feel pressured to make mediocre daily trades.
Get ready to post some big returns, when you start using the BigTrends method for finding market winners. Great book on Technical Analysis. A must for every trader. Features Dow theory, chart patterns, you name it. We like the straight forward approach Pring uses in this book.
The section on chart patterns is especially helpful. Now -- for the first time ever -- learn to use and apply this extraordinary technique directly from the man who created it. Explained in clear, step-by-step terms discover how to compare price and indicator action and make sound, sensible -- and profitable -- trading decisions.
Concise, straightforward and filled with instructive charts and visual aides, this remarkable works is essential reading for all serious traders, regardless of the market condition. Bollinger includes his simple system for implementation - and personal techniques for combining bands and indicators. Before you complete your return - or get too far into the trading year, read Tesser's new tax "Bible.
Tesser covers all the changes in the new tax code - plus his powerful new "triple crown" strategy for tax avoidance. Taxes can cut into your profits AND your principle if your not careful - but this new must-have guide will help you: As a professional trader, technical analysis expert, and practicing psychiatrist, Dr.
Elder helps aspiring traders step away from the crowd of amateurs. He presents a comprehensive system for trading stocks, futures, currencies, and options.
This book is less of a guide and more information on every day trading topic under the sun. This all makes it one of the best books on trading for beginners. They give you the platform you need to start, as well as somewhere you can turn to for answers as you get going. Remember, good day trading books for beginners keep it straightforward. They walk you through the entire process, from choosing a stock and strategy, to psychology and risk management. For those looking for more detailed books that offer in-depth technical analysis, advanced strategies, and comprehensive information on all things day trading, there are a number of books you can turn to.
Below we have collated the top 10 books, taking into account reviews, ease of use and comprehensiveness. This book centres on the notion of only making trades when the odds are in your favour, so it delves into how you set up your trades, and what to look for to know exactly what to trade and how much.
The author calls on years of successful experience in the markets and you can benefit from his trial and error approach to avoid future mistakes yourself. Whilst many books sing about the potential riches, Josh DiPetrio emphasises day trading is not a get rich quick scheme. His writing is easy to follow and you can tell he genuinely wants to make you aware of the dangers, and advise you on how to manage them.
This is one of the top books because there is so much detailed instruction on how to set up trades. He leaves no stone unturned as he breaks down numerous strategies and different markets. One of the best selling day trading books, you get to benefit from the experience of one of the most highly regarded analysts in the forex world.
A lot of good books focus on technical analysis, strategy and risk management, but not so many focus on the complexities of trading psychology. The book details why not yielding to your emotions is harder than it sounds and offers you a multitude of tips for keeping calm and getting in the right headspace. The author focuses on market philosophy and delves into his own trading psychology. The only thing to point out is that this book was written during the highly volatile period of the dotcom boom, so some information may be outdated.
If you want strategies you can take from the book and apply with ease then this is a good choice. You get a number of detailed strategies that cover entry and exit points, charts to use, patterns to identify, plus a number of other telling indicators. This book gets glowing reviews and is written in an engaging way, giving it appeal to a wide audience. The book explains why most strategies such as scalping struggle to overcome high intraday costs and fees.
This is a self-proclaimed step by step guide, taking a complex system and making it easy to follow. The success of this book comes from the clear instructions you get around entry and exit rules, how to capitalise on small intraday trends, plus advice on the software you do and do not need.
The author also keeps it light-hearted and engaging throughout, making it one of the must read trading books. There are no mincing words, it offers you practical advice from page one on how to trade futures effectively.
You can also apply the philosophies and strategies found here to any number of intraday markets. Thanks to the wonders of technology you can now get day trading audiobooks and ebooks.