Books For Traders

April 2009

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Book Cover CDS Delivery Option: Better Pricing Of Credit Default Swaps
(224 pages, $79.95 hardcover, 2009, ISBN 978-1-57660-263-8) by David Boberski, published by Bloomberg Press.

With the increasing number of corporate bankruptcies, understanding every aspect of credit default swaps (Cds) becomes paramount. Trouble in one market can overwhelm the entire financial system. In this book, the author points out the links between markets that make contagion inevitable — specifically, how derivatives markets are linked to the markets for assets that underlie them in the housing markets, the market for Treasury securities, and the market for corporate bonds. This book provides insight into many important subjects, among which is what happens in the Cds market when a bankruptcy occurs, and offers traders and investors practical advice on what action to take. Market pros and market watchers alike will find many of the missing pieces to the puzzle of what caused the current financial crisis.

ADDITIONAL INFORMATION: www.bloomberg.com/books
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Currency Trading And Intermarket Analysis
(279 pages, $70 hardcover, 2009, ISBN 978-0-470-22623-0) by Ashraf Laïdi with a foreword by Ron Insana, published by John Wiley & Sons.

Currencies are becoming an integral part of many investors’ portfolios. While the mechanics of the foreign exchange market and its theories have been explored, the practical intermarket relationships — interest rates, equities, and commodities — have been discussed less frequently. This book shares the author’s extensive forex experiences. You will see what works and what doesn’t, how to apply charts and case studies, and how both old theories and new phenomena weigh in on the markets. Booms and busts in commodities, the relationships of long-term and short-term interest rates and central bank decisions, what drives risk appetite and its effect on forex are all addressed. A gold-based approach to valuing currencies and their strengths/weakness is discussed along with much more.

ADDITIONAL INFORMATION: www.wiley.com

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Game Over: How You Can Prosper In A Shattered Economy
(245 pages, $25.99 hardcover, 2009, ISBN 978-0-446-54480-1) by Stephen Leeb, published by Business Plus Hachette Book Group.

You already know about the Wall Street meltdown, rising inflation, energy cost, and the competition from overseas. And whether or not we admit it, we are running out of essential raw materials. The economy is a wreck, and the problems are not going away. We are in serious financial trouble. In this book, Leeb shows you how to survive, even thrive, in the current economic conditions. He explains how bad things actually are by exposing current outdated suppositions. Warning bells are sounding, especially for those looking forward to a retirement and trying to live off of their savings, investments, Social Security, and Medicare. If you read even one book this year, it should be this one.

ADDITIONAL INFORMATION: www.HachetteBookGroup.com

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Quantitative Trading: How To Build Your Own Algorithmic Trading Business
(181 pages, $60 hardcover, 2009, ISBN 978-0-470-28488-9) by Ernest P. Chan, published by John Wiley & Sons.

By some accounts, quantitative/algorithmic trading now accounts for more than one-third of US trading volume. Mostly institutional investors use this approach. For independent traders who have wondered if they can, with limited resources, challenge the institutional professionals, the answer is “Yes.” This book addresses how to find a strategy that makes you both confident and comfortable, then teaches you how to backtest that strategy. It will help you build a system that automatically trades your strategy, and help teach you how to manage your money and your risk. With this guide, you will also learn what it takes to make it in this demanding field.

ADDITIONAL INFORMATION: www.wiley.com

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Show Me The Money: Covered Calls & Naked Puts For A Monthly Cash Income
(183 pages, $24.95 softcover, 2009, ISBN 978-1-9340020-8-7) by Ronald Groenke, published by Keller Publishing.

Stocks go up, down, and sideways. Market forces and corporate actions well beyond your control cause fluctuations in the value of your holdings. However, there is a way that will put some cash in your pocket, no matter what the market does. Selling covered calls and naked puts is one method by which to generate income that is favored by many savvy investors. Once learned, and practiced, the process can earn you a cash income on a monthly basis. This book was written to make you a master of the art of selling covered calls and naked puts. Easy to read and understand, this book makes sense of how to trade these simple options.

ADDITIONAL INFORMATION: www.KellerPublishing.com

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Trading Without Gambling: Develop A Game Plan For Ultimate Trading Success
(274 pages, $60 hardcover, 2008, ISBN 978-0-470-11874-0) by Marcel Link, published by John Wiley & Sons.

Many people perceive trading as nothing more than a gamble — and to many traders, it is. Other traders, however, make money consistently by developing a well-thought-out plan. This book shows you how to create and use a sound game plan to improve every aspect of your trading, while leaving very little to chance. The key to winning in the markets is planning for and then knowing how to react to certain situations. This is exactly what a game plan will do for you. If you are willing to work smart and work hard, this book will put you in a better position to excel.

ADDITIONAL INFORMATION: www.wiley.com

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Originally published in the April 2009 issue of
Technical Analysis of Stocks & Commodities magazine.
All rights reserved. © Copyright 2009, Technical Analysis, Inc.