BOOKS FOR TRADERS
The following selection of book descriptions represents a sampling of recent book releases in the investing field. Books described here may be from some of the major book publishers as well as some independent book publishers. These are not critical reviews or editorial evaluations, but rather a brief look at the book marketplace to help keep readers up to date on new book offerings.
(298 pages, $49.95 hardcover, 2011, ISBN 978-1-118-08541-7) by Richard Schmitt, published by John Wiley & Sons. This guide offers ways to get more out of retirement savings in a stock market full of surprises. Daytraders buy and sell stocks continuously, but 401(k) accounts are usually valued only at the market close. A 401(k) participant can execute a single fund transfer each day at best. You simply execute a single daily fund exchange in 401(k) and other types of retirement savings accounts on your way to a more secure retirement. This book takes you on a tour through the environment, rationale, and process for daytrading a retirement portfolio. This daytrading method uses arithmetic to set up and capture stock market gains from once-a-day fund exchanges.
Additional information: wiley.com
(218 pages, $49.99 hardcover, 2011, ISBN 978-0-273-75133-5) by Jacinta Chan, published by Financial Times Prentice Hall, an imprint of Pearson. Technical analysis is used by successful traders throughout the world. It is the study of price, volume, timing, and patterns. This guide to technical analysis by a Stocks & Commodities contributor begins with the basics of market price behaviors and then teaches you how to apply these principles to your own trading. The book shows you how to understand the trading systems that will generate high returns and identify price patterns and trends. Learn to use the right technical indicators to get the best out of the markets, and to write and execute a trading plan that increases your chances of beating the market.
Additional information: Pearson.com/uk
(261 pages, $26.99 hardcover, 2012, ISBN 978-1-4555-0066-6) by Joe Terranova, published by Business Plus, an imprint of Grand Central Publishing, of Hachette Book Group. Today’s markets move faster and with more volatility than when “buy low & sell high” was the path to wealth. According to this book, indicators like moving averages and volume can help you spot stocks that have momentum. You will learn how to determine the best time to buy, when to sell, and how to protect yourself against sudden market reversals. This book offers the tools to get in the game — and profit in this new investing landscape.
Additional information: HachetteBookGroup.com
(359 pages, £65 hardcover, 2011, ISBN 978-0857-190628) by Christopher Grafton, published by Harriman House. This book offers a modern treatment of J.M. Hurst’s original system of market cycle analysis. You can learn how to isolate cycles in any financial instrument and assess their likely future course. Although the methodology can seem complex, its underpinning logic is straightforward. This step-by-step guide is a full description of the tools and techniques taught by Hurst, with more than 120 color charts, tables, and diagrams. Updata and TradeStation code are included for all of the indicators shown.
Additional information: Harriman-House.com
(291 pages, $40 hardcover, 2012, ISBN 978-0-07-178431-3) by Darren Fischer, Jon Frohlich, and Robb Reinhold, published by McGraw-Hill. You don’t need a professional to manage your money, and you can beat the market on a consistent basis. Three things are required: personal dedication, a sound risk management strategy, and a trading system like the one outlined in this book. These active trading authors have taught hundreds of traders how to trade on their own. Their system is a long-term methodology designed to create steady wealth you can live and retire on. You can learn how to design a portfolio using long and short options; read OHLC and candlestick charts; hedge your investments with options; create a risk-assessment toolkit; and prepare yourself for the life of a trader. The hard part is up to you. “You have to make the decision to go all in. No turning back. Once you do it, you’ll wonder what took you so long,” this book states.
Additional information: McGraw-Hill.com
(681 pages, $45 hardcover, 2011, ISBN 978-007162576-0) by James P. O’Shaughnessy, published by McGraw-Hill. Recent history has witnessed one of the worst stock market beatings ever. Abysmal returns are now called “the new normal,” and faith in equities has hit an all-time low. Updated with current statistics and brand-new features, this edition offers data on almost 90 years of market performance, providing insights into stock performance going back to 1926. This book provides facts and strategies. Don’t mess with success — start off 2012 armed with the best practices for investing!
Additional information: McGraw-Hill.com