Books For Traders
May 2009
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Do-It-Yourself Hedge Funds: Everything You Need To Make Millions Right Now
(252 pages, $24.99 hardcover, 2009, ISBN 978-0-446-50389-1) by Wayne P. Weddington III, published by Business Plus of Hachette Book Group USA.
Every day, hedge funds are in the news as their managers rack up multimillion-dollar salaries and find increasingly ostentatious ways to spend it. The average investor has been shut out. Now, this author takes you inside the mysterious world of hedge funds, reveals the most lucrative tricks, and explains the basics in layman’s terms. He teaches you the fundamentals so that you can walk away with some big bucks ‘ even in a down market. And he shows you the ways a hedge fund can go disastrously wrong. Along the way, he gives you a front-row seat to all the action to which only the hedge fund insiders are privy.
ADDITIONAL INFORMATION: www.hbgusa.com
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The Great Depression Ahead: How To Prosper In The Crash Following The Greatest Boom in History
(376 pages, $27 hardcover, 2009, ISBN 978-1-4165-8898-6) by Harry S. Dent Jr., published by Free Press, an imprint of Simon & Schuster.
The economic depression of your lifetime is just ahead. This is the beginning of a long-term winter season and the initial end of prosperity in almost every market. Most have not previously experienced such a downturn. Massive bubbles in the stock market, real estate, and commodities are all deflating at the same time. Some years ago the author wrote about “The Great Boom Ahead.” Using the same analytical techniques, he has written this book. He predicts a short, false recovery in the next few months as a calm before the real storm, which will last for three more years, taking the Dow Jones Industrial Average (
Djia) to around 4000. He sees the Asian markets as recovering sooner and being the first good buying opportunities. He sees precious metals appearing to be a good hedge, but collapsing in mid- to late 2010. He sees another false market rally in the 2012–17 range, and then a final setback until almost 2020. But for some there will be real opportunities in the largest financial fire sale since the early 1930s. He offers recommendations that could bring you out on top. Your life is about to change. You can’t change how the wind blows, but with this book you might be able to reset your sails.
ADDITIONAL INFORMATION:
www.simonsays.com
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The Heretics Of Finance
(262 pages, $29.95 hardcover, 2009, ISBN 978-1-57660-316-1) by Andrew W. Lo, published by Bloomberg Press.
Though rejected by many academics, technical analysis has flourished. Technical analysis suffers from a lack of standardization, but shortcomings aside, it has grown in popularity, attracting a significant and devoted following among traders and investors. In this book the authors invited some of the most successful of these practitioners to tell the story of their craft in their own words.
ADDITIONAL INFORMATION:
www.bloomberg.com/books
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Intermarket Trading Strategies
(412 pages, £50 hardcover, 2008, ISBN 978-0-470-75810-6) by Markos Katsanos, published by John Wiley & Sons, UK.
This work by a frequent
Stocks & Commodities contributor explains how markets interact and influence each other and how intermarket analysis can be used to forecast future equity and index price movements. The national, single-market technical analysis indicators of the 1980s no longer work for analyzing the global market dynamics. This book shows how to combine intermarket with classic technical techniques to develop hybrid systems. Part 1 discusses basic principles of intermarket analysis and its benefits. A variety of intermarket indicators are presented and explained. Part 2 builds on the concepts of part 1 to develop trading systems for many of the popular markets in the US and Europe. Money management and stop-losses are also discussed. A total of 29 conventional and five neural network trading systems are provided to trade many of the commodities, indexes, and forex trades. The MetaStock code for all systems is given so you can paper-trade before jumping to the trading desk.
ADDITIONAL INFORMATION:
www.wiley.com
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Trade To Win: Proven Strategies To Make Money
(192 pages, $60 hardcover, 2009, ISBN 978-0-470-28534-3) by Thomas L. Busby, with Patsy Busby Dow, published by John Wiley & Sons.
Trading to win is a mindset. Those who succeed in the financial marketplace are the ones who expect to. They learn the markets, work their craft, and change as the markets and technologies do. You now have the opportunity to learn from the experience of a professional who has traded an array of financial products. Part 1 explains the author’s fundamental trading approach. Part 2 moves on to detail specific trading strategies for stocks, options, futures and more. Part 3 goes on to money management, risk management, and the impact of emotions on your trading. You won’t find a trading system for all markets here, or anywhere. That is because it is not just prices that move, but also economies and the mindset of traders. To be effective of the long term we must learn to adapt as things change. What’s inside will allow you to achieve that goal and improve your consistency and profits.
ADDITIONAL INFORMATION:
www.wiley.com
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The Zulu Principle: Making Extraordinary Profits From Ordinary Shares
(322 pages, £25 hardcover, 2008 (originally published 1992), ISBN 978-1905641918) by Jim Slater, published by Harriman House.
This is a new edition of the classic bestseller. Slater makes available to the investor the secrets of his success. Central to his strategy is the benefit of homing in on a relatively narrow area. He gives selective criteria for buying dynamic growth shares, turnarounds, cyclicals, shells, and leading shares. He covers many other aspects of investment, including the investor’s relationship with their broker. You will learn when to buy shares and, more important, when to sell, which is the way to those extaordinary profits.
ADDITIONAL INFORMATION:
www.harriman-house.com
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