BOOKS FOR TRADERS

Millionaire Traders by Lien & Schlossberg

2007-08-03T22:54:00.000-07:00

Trading is a battle between you and the market. And while you might not be a financial professional, that doesn't mean you can't win this battle. Through interviews with twelve ordinary individuals who have worked hard to transform themselves into extraordinary traders, Millionaire Traders reveals how you can beat Wall Street at its own game. Filled with in-depth insights and practical advice, this book introduces you to a dozen successful traders—some who focus on equities, others who deal in futures or foreign exchange—and examines the paths they've taken to capture considerable profits. With this book as your guide, you'll quickly become familiar with a variety of strategies that can be used to make money in today's financial markets.

Market Wizards by Jack Schwager

2007-07-20T19:57:00.000-07:00

How do some of the world's most successful traders amass millions of dollars in a year - or sometimes in hours? Are they masters of a priceless wizardry or simply the very lucky winners in a random market lottery that allows only a few players to become fantastically wealthy? What are the secrets of their unheard-of successes? After interviewing top traders in a variety of markets, market expert Jack D. Schwager concludes that while method undoubtedly accounts largely for trading success, no one approach is used by all, or even most, of the traders interviewed. Even more interesting is Schwager's finding that, as great a role as method plays, it must be accompanied by the 'proper' mental posture - a notion that surfaces frequently in the interviews. The secret seems to have more to do with personal attitude than with approach. What mental disciplines, what emotional responses, what intangible ingredients make these top traders so mysteriously effective? What enables them to work financial magic while so many others walk away losers? MARKET WIZARDS allows the reader to delve into the minds of these professional traders. It explains the very elements of their success .... different approaches used in different markets .... trading rules that each of them adhere to .... personal advice for other traders.

Beat the Odds in Forex Trading by Igor Toshchakov

2007-07-18T23:17:00.000-07:00

Beat the Odds in Forex Trading presents a practical approach that adds certainty and systematization into Forex trading. Author and industry professional Igor Toshchakov shows how recurring market patterns?which can be recognized on a simple bar chart?can be successfully used to trade the Forex market. Written for traders at every level, this valuable resource discusses the challenges of developing a trading method, while revealing the author?s approach to the market?both from a philosophical and tactical point of view. Beat the Odds in Forex Trading contains specific trading strategies based on recognizable market patterns and offers detailed information on entry and exit points, profit targets, stop losses, risk evaluation, and much more. Igor Toshchakov (Woodlands Hills, CA) is a trader, money manager, and founder of the trading school and investment advisory firm Igrok Trading International. This school has taught hundreds of traders since it opened in 2000 and offers numerous online courses. Toshchakov currently manages several portfolios for various entities, and Igrok Trading International is the exclusive advisory firm for "Mina Capital" Fund of Funds in "C" and "D" share classes.

Think and Grow Rich by Napolean Hill

2007-07-17T13:38:00.000-07:00

Napoleon Hill was born in 1883 in a two-room log cabin in Virginia's Blue Ridge Mountains. As a teenager, he worked as a newspaper reporter to finance his way through Georgetown University Law School. His outstanding reporting brought him to the attention of Robert Taylor, a magazine publisher, who employed Hill to write a series of success stories of famous men, the first of whom was Andrew Carnegie. Hill so impressed Carnegie that he commissioned him to do a job that would become a twenty-year assignment - interviewing 504 of the most successful men in America in order to find through their experiences a success formula that would work for the average man. Among those interviewed were such famous men as Ford, Wrigley, Wanamaker, Eastman, Rockefeller, Edison, Woolworth, Darrow, Burbank, Morgan and Firestone - as well as three United States Presidents. Hill published the first interpretation of the philosophy of individual achievement in 1928, exactly twenty years after the Carnegie interview. Think and Grow Rich has sold more than 30 million copies since 1937.

Forex Patterns and Probabilities by Ed Ponsi

2007-07-14T21:09:00.000-07:00

The book will provide strategies to capitalize on the trading opportunities offered constantly in the foreign exchange market. Leading trading educator Edward Ponsi will explain the driving forces in the currency markets and will provide strategies to take advantage of markets that are trending in one direction and markets that are traveling in a trading range. He will show how to join an existing trend; how to trade a breakout from a period of congestion, and how to recognize patterns that denote a continuation of the existing trend. He will demonstrate strategies to determine when a market is at the end of its range and is positioned to re-trace its recent direction. Each strategy includes precise entry and exit points, including where to take profits and where to take losses. Most importantly, the author shows how to add to a good trade in order to maximize profits. The book will be written in a down-to-earth manner and will be relatively free to technical jargon. The author will discuss personal experiences when trading the actual decision-making process he uses when evaluating the market and placing trades.

Forex Conquered by John Person

2007-07-13T21:25:00.000-07:00

This title provides proven trading strategies for profiting from today's Forex market. ''Forex Conquered'' gives traders easy-to-learn strategies, which will help them make the best trades possible. In this new book, John Person fully explains successful trading rules and trade management. He offers readers specific information on when to increase lot size, how to manage risk, when to move stops, and how to use automated trading programs. Furthermore, he explains how an individual retail Forex trader can build a ''black box'' Forex system. Person also includes an innovative CD-ROM in this package, complete with a Pivot Point Calculator and simulated trading lessons, to maximize trader exposure to the systems and strategies in the book. Separated into seven sections, ''Forex Conquered'' covers all applicable topics including pivot points, candle charts, Fibonacci, stochastics, money management, and game psychology. John L. Person, CTA (Palm Beach, FL), is President of Nationalfutures.com, a professional advisory service and President of J&B Capital Management. He is a registered Commodity Trading Advisor. In 1998, he developed his own proprietary trading system and began publishing ''The Bottom-Line Financial and Futures Report.

Day Trading the Currency Market by Kathy Lien

2007-04-21T13:46:00.000-07:00

An inside look at how to successfully day trade the currency market. Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency market. Lien describes everything from time-tested technical and fundamental strategies that individual traders can use to compete with bank traders to a host of more fundamentally oriented strategies-drawn from the author's own experience with the somewhat secretive multi-billion dollar interbank currency market-involving intermarket relationships, interest rate differentials, option volatility, news events, and central bank intervention. A great forex trading book.

Adventures of a Currency Trader by Rob Booker

2007-04-20T19:54:00.000-07:00

This work offers a proven path to becoming a financially independent currency trader. Many traders enter the foreign exchange market in search of better returns and with this book as their guide, they'll discover exactly how to accomplish this goal. ''Adventures of a Currency Trader'' explains in a straightforward and accessible manner how any individual can implement a conservative, consistent trading system in the foreign currency market and, in so doing, become a financially independent currency trader. Author Rob Booker's simple strategies allow traders to make money every day in the currency market without risking a large amount of capital. He teaches these methods through the fable of Harry Banes, a hopeful and inexperienced trader who journeys from beginner to profitable trader with the help of a teacher and mentor. Both technical and motivational in nature, ''Adventures of a Currency Trader'' contains powerful techniques for consistently making money in the currency market as well as stories of ordinary people who are using those very same techniques to trade successfully.

Warrior Trading by Clifford Bennett

2007-04-19T20:02:00.000-07:00

Warrior Trading provides traders with a path to trading success by developing a mentality and emotional framework common to successful traders. Warrior Trading includes an enhanced discussion of technical analysis, and an explanation of how global economic forces are changing and impacting the markets. Filled with in-depth insights and expert advice, this comprehensive guide explains the importance of understanding the market's underlying fundamental and technical reality-letting traders take advantage of those moments when the perceptions of most traders are at odds with the underlying reality to score big in the market.

Technical Analysis by Boris Schlossberg

2007-04-19T19:51:00.000-07:00

This book is a comprehensive guide that demonstrates how technical analysis can generate profit-making strategies in the foreign exchange market. The $2 trillion foreign exchange market is now open to all traders. This book explains how technical tools can be used to properly diagnose this dynamic market for big profits. Technical analysis tools are divided into two main categories: those that work best at identifying whether the market is in a trend and those that ascertain if the market is in a trading range. This book examines ideas such as classic chart formations, key candlestick patterns, moving averages, MACD, stochastics, relative strength, Fibonacci numbers, Bollinger bands, and much more, offering a truly comprehensive analysis of the subject matter. Boris Schlossberg (New York, NY) serves as the Senior Currency Strategist with Forex Capital Markets in New York. An independent trader, he has written numerous articles for Stock Futures Options and Active Trader magazines.

Entries & Exits by Dr. Alexander Elder

2007-04-19T19:24:00.000-07:00

Dr. Alexander Elder leads readers into 17 trading rooms where they meet traders who open up their diaries and show you their trades. Some of them manage money, others trade for themselves; some trade for a living, others are still on the semi-professional level. All are totally serious and honest in sharing their trades with those who would like to learn. Readers will meet American and international traders who trade stocks, futures, and options using a variety of methods. All are normally very private, but now, thanks to their relationships with Dr. Elder, readers can see exactly how these traders make their decisions to enter and exit trades. Each chapter of this book illustrates an entry and an exit for two trades, with comments by Dr. Elder. Readers are sure to pick up useful insights, techniques, and methods. With this book as their guide, traders can get closer to mastering the key themes of trading--psychology, tactics, risk control, record keeping, and the decision-making process.