7 Winning Strategies For Trading Forex July 2008
Winning The Day Trading Game
Applied Portfolio Management
Even Buffett Isn't Perfect
Follow The Fed To Investment Success
Forex Simplified
Forty Years A Speculator
Winning The Trading Game
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7 Winning Strategies For Trading Forex (260 pages, £19.99 hardcover, 2007, ISBN 978-1-905641-19-2) by Grace Cheng, published by Harriman House Publishing. Many traders go around searching for the one perfect trading strategy that works all the time in the global foreign exchange/currency market. Few people understand that successful trading of the forex market entails the application of the right strategy for the right market condition. In this guide, seven trading strategies are highlighted. Each is applied in a unique way and designed for differing market conditions. This book is for traders wanting to improve their trading performance.
Winning The Day Trading Game (198 pages, $60 hardcover, 2006, ISBN 978-0-471-73823-7) by Thomas L. Busby with Patsy Busby Dow, published by John Wiley & Sons. After great initial success as a professional trader, Thomas Busby was nearly wiped out in the crash of 1987. In recovering from that devastation he devised a risk-averse, high-percentage method of daytrading that allowed him to reap enormous profits and avoid the pitfalls. His years of experience are distilled in this informative volume. You will also discover how he bounced back from his shattering loss of confidence, and understand the crucial role that psychology plays in trading. You'll be taught the difference between working hard and working smart, and guided to the rewards that come to those who know how to win.
Applied Portfolio Management (281 pages, $75 hardcover, 2008, ISBN 978-0-470-04172-7) by Catherine Shenoy and Kent C. McCarthy, published by John Wiley & Sons. The University of Kansas offers an applied portfolio management (APM) course that gives students an opportunity to learn the intricacies of investing by managing a real portfolio. After 13 years of such practice, the class has compiled a remarkable record of investment performance and student achievement. The class portfolio has outperformed the market dramatically over its history. The ingredients that make for a successful investor are those cultivated in this APM class. This book shares the class experience and discusses how to incorporate their methods into everyday investing endeavors.
Even Buffett Isn't Perfect (237 pages, $24.95 hardcover, 2008, ISBN 978-1-59184-196-8) by Vahan Janjigian with foreword by Steve Forbes, published by Portfolio, a member of Penguin Group. While Warren Buffett is a successful and revered investor and one of the world's richest men, his way isn't the only way. This book dispels many myths about the man and shows readers how to learn from his best moves while avoiding strategies that don't apply to small investors. By studying Buffett's style, you can make yourself a better investor. By studying his method objectively, you can learn what works and what doesn't, and make yourself a more realistic investor.
Follow The Fed To Investment Success (200 pages, $24.95 hardcover, 2008, ISBN 978-0-470-22649-0) by Douglas S. Roberts, published by John Wiley & Sons. As a Wall Street insider, the author discovered something that changed the way he looked at investing. He noticed that small and mid-sized companies prospered when the Federal Reserve made it easier for them to borrow, but they struggled when the Fed made getting money more difficult. Douglas Roberts found a direct correlation between stock market performance and the actions of the Fed. By simply shifting his money between large and small stocks, as infrequently as a couple of times a year, he was able to outperform the S&P 500 and most of the mutual funds. This book takes you through his strategy and shows how easy it is to create wealth.
Forex Simplified (131 pages, $29.95 softcover, 2007, ISBN 978-1-59280-316-3) by Marilyn McDonald, published by Marketplace Books. This book will tell you the following: Trade with discipline. Getting into the market is easy. Staying in takes preparation, patience, and discipline. Know the facts before you start. Learn to do essential tasks. Master the tools of the trade. Get the news and find out how to use the data. Check your emotions at the door. Develop the correct trading psychology and block your emotions from your trading decisions. Finally, create a plan to protect your profits. Discover tactics for deciding when and how much to trade, and for how long.
Forty Years A Speculator (142 pages, $18.49 hardcover, 2007, ISBN 978-1-4303-1660-2) by Fred Carach, published by www.lulu.com. This is the story of an average guy, not a Wall Street guru, over the course of 40-plus years, and of his transformation from a conservative blue-chip investor into a riverboat gambler with nerves of steel. He realized that if he wanted a stock that would go to the moon, blue-chips weren't the answer. He introduces the reader to the world of small and micro-cap stocks. He is not satisfied with 15% a year, and he shows you why maybe you shouldn't be either.
Winning The Trading Game (284 pages, $75 hardcover, 2008, ISBN 978-0-470-16995-7) by Noble DraKoln, published by John Wiley & Sons. Due to the difficult time that stocks and bonds have had in keeping up with inflation, many investors have turned to the futures and forex markets. While there are good opportunities in these markets, those who are unprepared tend to make costly mistakes in their trading, and between 90% to 95% of traders lose their entire investment within six months to a year. The author will help you develop the discipline and practical skills needed for success in three essential areas: money management, technical analysis, and risk control. This guide is filled with insights and advice that will help you create an organized approach to your trading so that you can be a part of the 5% who consistently succeed.
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Originally published in the July 2008 issue of Technical Analysis of STOCKS & COMMODITIES magazine. All rights reserved. © Copyright 2008, Technical Analysis, Inc.