BOOKS FOR TRADERS
(91 pages, £11.99/£15.29 ebook, 2013, ISBN 9780857192738) by Kerry Balenthiran, published by Harriman House.
How do we know where we are in the current stock market cycle? How can we know if we are in the midst of a new long-term bull market or a market rally within an ongoing bear market? Forming an appropriate investment strategy depends on the answers to these questions. Balenthiran studied stock market data going back 100 years and observed a regular 17.6-year stock market cycle in increments of 2.2 years. He has extrapolated the cycle forward to provide investors with a market roadmap stretching out to 2053. In this book, he describes cycle projection in detail and outlines the changing character of the stock market through the different phases of the 17.6-year stock market cycle.
additional information: www.harriman-house.com
(152 pages, £40/ £27.99 ebook, 2013, ISBN 9780857192776) by Adrian Manz, published by Harriman House.
Trade Secrets is a trading guide that seeks to teach a complete trading method from start to finish. The trade secret at the heart of the book is the expansion-of-range-and-volume setup. This concept is explored in detail, covering how and why it works, and demonstrating its utility for day, swing, and position traders. This strategy is designed to be portable, and it is applicable to multiple-time compressions.
additional information: www.harriman-house.com
(192 pages, $27.95 hardcover, 2013, ISBN 978-0-231-16468-9) by Jim Paul and Brendan Moynihan, published by Columbia Business School Publishing.
The book begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul’s $1.6 million loss and the essential lessons he learned from it. Paul and Moynihan’s cautionary tale concludes with strategies for avoiding loss, tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.
additional information: cup.columbia.edu/static/columbiabusiness
(352 pages, $30 hardcover, 2013, ISBN 978-0-814-431733) by David J. Mullen, published by AMACOM.
Author David J. Mullen Jr. shares his suggestions for how to become a top-producing financial advisor using the method he taught at Merrill Lynch and became known for in the industry. This book combines marketing, prospecting, sales, and time management techniques into a system that may help readers build a successful practice. Mullen offers financial advisors tools and guidance to get the appointment, build relationships, convert prospects to clients, retain clients, use niche marketing successfully, balance current clients and prospects, increase the products and services each client uses, and attract millionaire clients. This book contains templates, scripts, letters, and 15 “market action plans.”
additional information: www.amacombooks.org
(336 pages, $45 hardcover, 2013, ISBN 978-0-470-47977-3) by John Heins and Whitney Tilson, published by John Wiley & Sons.
Based on interviews with some of the world’s most-successful value investors, this book offers a comprehensive set of answers to questions every equity money manager should have thought through clearly, such as: What market inefficiencies will I try to exploit? What analytical edge will I hope to have? What valuation methodologies will I use? What time horizon will I typically employ? How many stocks will I own? How specifically will I decide to buy or sell? Will I hedge, and how? How will I keep my emotions from getting the best of me?
additional information: www.wiley.com
(276 pages, £35/£25 ebook, 2013, ISBN 978-0-857-191304) by Barbara Rockefeller and Vicki Schmelzer, published by Harriman House.
The foreign exchange market is huge, fascinating, and yet widely misunderstood by participants and nonparticipants alike, because its unanswered questions are numerous. For instance, what is the purpose of the $4 trillion-per-day trading volume? What determines currency trends and who are the players in the FX arena? How do traders determine sentiment and price direction? In the 12 pieces in this book, Rockefeller and Schmelzer draw on their combined 50 years of experience in foreign exchange trading to examine at this market, with many anecdotes and examples from historic market events.
additional information: www.harriman-house.com