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Markos Katsanos, "Intermarket Trading Strategies" : the book
Valerii Salov, «Modeling Maximum Trading Profits with C++: New Trading and Money Management Concepts» : the book
Better Trading : Money and Risk Management (Guppy Trading) : the book
Choosing the right trading style Using risk management to improve returns Protecting capital and profits Better ways to add to winning trades Using trend risk to boost profits Understanding diversity to improve performance.
Risk is also considered in detail. Whole books have been written on this subject as it is a very important concept to grasp. Most trading decisions are weighed up on a risk/return basis.
If you don’t understand risk, you will not maximise your returns.
Money management is the key to better trading. The methods applied by institutions, banks and mutual funds do not work effectively for smaller trading and investment accounts. When we trade with a account size of $50,000, or $100,000, or $500,000 we need to apply different money management strategies. Better Trading presents and compares a number of these strategies. They are all linked to Excel spreadsheets which are available as the Better Trading pak.
"If 100 people intend to start trading, only 20 will succeed and survive - the rest are long-term investors'... Daryl GuppyBetter Trading : Money and Risk Management (Guppy Trading) : the book
Risk is indeed inevitable. Understanding it is very crucial for a trader to develop a risk and money management methods aimed at maximizing the return. Thanks for sharing.
Michael Jardine, "New Frontiers in Fibonacci Trading: Charting Techniques, Strategies&Simple Applications" : the book
Author Michael Jardine is a dedicate student of the markets, and active trader and founder of Enthios.com - a free web site offering an open exchange of trading ideas and a wealth of technical trading tools which he's made accessible to all investors. His years in the trading trenches - and the feedback he gets regularly from his Enthios.com trading community - has taught him the most practical ways to apply time-tested methods to an ever-changing market.
Michael has gone beyond his role as "student" of the markets - becoming a gifted teacher in the process. He has not only mastered traditional charting and timing techniques - he's developed new methods of his own by adopting Fibonacci fundamentals to the online trading arena in which today's trader must operate for maximum advantage. He's broken down his process into an understandable 5-part "system" which encompasses…
- The Building Blocks of Price Action - market structures, retracement patterns and Fibonacci basics
- Practical Fibonacci Applications - featuring original new applications explained in simple terms
- "ChartWorks" - a comprehensive charting section featuring indicators, case-study trades, chart-reading tips - and more
- Building Good Trading Habits - 3 key steps for making rational, unemotional decisions and maintaining a steady, clear-headed focus throughout the trading day - even when the market is giving off mixed messages
- Enthios RealTime - Puts all the pieces together, and introduces new methods that form the core of his own propriety "Objective Method Trading System"
In layman's terms, providing the guidance of a thoughtful, patient teacher, Michael presents concepts you can easily implement. Including:
- How to enter and exit a trade with limited risk
- New and original Fibonacci methods that have evolved with the advent of online, real-time trading
- Jardine's 3 Laws of Successful Trading
- How to execute a trade when the signals are mixed or conflicting - rather than under "model" conditions
- Developing a system that does not require you to predict how the market will perform - or worry about when the breakout will occur.
With detailed charts and graphics throughout, each chapter illustrates real trading situations, setups, and solutions. Michael has fused cherished trading concepts and Fibonacci basics with his own experiences in online, real-time trading. The result is a thorough new primer that shows you how to trade with greater success - on a consistent basis.
The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach By Markus Heitkoetter : the book
Do you want to be a day trader?
Every day, millions of dollars change hands in the markets, presenting the perfect opportunity for people just like you to make significant money and profits through the art of day trading.
But here's the question: is day trading right for you? And, if it is, how do you get started?
In his new three-part guide, professional day trading coach Markus Heitkoetter lays out a simple, proven system for trading success. From the basic essentials of trading to the actual process of making money in the markets, he'll cover it all.
• What You Need To Get Started: The Tools, The Methods, The Mindset
• Finding the Best Market to Trade: Futures, Forex, Stocks, or Options
• A 7-Step Approach to Developing Your Own Profitable Trading Strategy
• The 10 Power Principles of Successful Trading Strategies
• Avoiding The 7 Common Mistakes of Traders
• Get Started Without Risking A Single Penny
• Ready-To-Use Trading Plan Templates, Checklists, Resource Directories, & More
Loaded with easy-to-use information, proven and reliable strategies and guidelines, and a practical hands-on approach to the industry, The Complete Guide to Day Trading is your own personal manual to success in the markets.I am not quite sure if this can be also categorized as a Forex book but it tackles the benefits of Forex currency trading and many other subjects about Forex trading. I just want to share this out because I've been reading this for more than two days now. I am just thinking that it can help to new learners too.
Terri Duhon, "How the Trading Floor Really Works" : the book
The book is the perfect starting place for anyone who wants to understand financial markets. It clearly explains how the financial markets work and what the purpose of the bank and the bank trading floor is, using clear examples. The book puts the bank’s role in the financial markets in context, explains what really happens on the fabled trading floor and helps to interpret the conversations and the roles and responsibilities of the key players. It is also the ideal companion for any financial market professional not sat on the trading floor, with chapters detailing the roles of quants, risk managers and clients and going into the details of prop trading, market making and derivative trading.
How The Trading Floor Really Works covers what most academic books don’t by focusing on key individuals on the trading floor and walking through some common financial markets transactions. It also clarifies the role of the trading floor itself and sheds light on the opaque terminology. In this book, Terri Duhon uses her personal experience of the trading floor to decipher and translate the world of financial markets.
Important questions this book answers include:
Who are the key players on the trading floor and what are their roles and responsibilities?
Who are the clients and do they really need the services the trading floor provides?
How does the client understand their risk and know when the price is right?
How does all this impact global financial markets?Larry Spears, "Swing Trading Simplified" : the book
Al Brooks, "Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader" : the book
The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks has done just that. By simplifying his trading system and trading only 5-minute price charts he's found a way to capture profits regardless of market direction or economic climate. His first book, Reading Price Charts Bar by Bar, offered an informative examination of his system, but it didn't allow him to get into the real nuts and bolts of the approach. Now, with this new series of books, Brooks takes you step by step through the entire process.
By breaking down his trading system into its simplest pieces: institutional piggybacking or trend trading, trading ranges, and transitions or reversals (the focus of this book), this three book series offers access to Brooks' successful methodology. Trading Price Action Reversals reveals the various types of reversals found in today's markets and then takes the time to discuss the specific characteristics of these reversals, so that you can use them in your everyday trading endeavors. While price action analysis works on all time frames, there are different techniques that you can use in trading intraday, daily, weekly and monthly charts. This, among many other issues, is also addressed throughout these pages.
- Offers insights on how to handle volatility and sharp reversals;
- Covers the concept of using options when trading certain charts;
- Examines how to deal with the emotions that come along with trading;
- Other books in the series include Trading Price Action Trends and Trading Price Action Trading Ranges.
If you're looking to make the most of your time in today's markets the trading insights found in Trading Price Action Reversals will help you achieve this goal.