Forex Books - page 37

 

Visual Guide to Elliott Wave Trading by Wayne Gorman, Jeffrey Kennedy : the book

The Visual Guide to Elliott Wave Trading is an in-depth, easy-to-use guide to trading the financial markets with the Elliott Wave Principle.

In many ways this book picks up where Frost & Prechter's classic Elliott Wave Principle: Key to Market Behavior left off, which makes it "required reading" if you want to build a solid foundation in Elliott wave analysis. Co-authored by two of Elliott Wave International's most trusted analysts -- Wayne Gorman and Jeffrey Kennedy -- their trading insights offer a perfect blend of traditional textbook and real-world application.

Join Kennedy and Gorman as they provide step-by-step instruction in how to trade with Elliott. They include scores of real market charts that depict the Elliott wave patterns, which will help you measure the strength of trends, forecast market turning points, plus identify trading opportunities. What's more, this illustrated guide also explains how to use supporting technical indicators that can build confidence in your Elliott wave analysis.

Gorman and Kennedy know that "simple" does not mean "easy." Their combined expertise will help you build confidence in your analysis, create an effective trading plan, and better manage your trades. Whether your trading style is conservative or aggressive, their charts and techniques can help identify high-confidence opportunities.

Each chapter includes key points & smart investor tips, such as how to "Prepare yourself to take advantage of opportunities even when your preferred count does not materialize," and "Let the market commit to you before you commit to the market."

Elliott wave analysis recognizes that in financial markets, mass psychology swings from pessimism to optimism and back in a natural sequence. Use this book to recognize those wave patterns, and anticipate market moves that most traders never see coming.

The Visual Guide to Elliott Wave Trading is the new criterion for any serious technical trader.
 

Kendall Kim - Electronic and Algorithmic Trading Technology: The Complete Guide : the book

Electronic and algorithmic trading has become part of a mainstream response to buy-side traders' need to move large blocks of shares with minimum market impact in today's complex institutional trading environment. This book illustrates an overview of key providers in the marketplace. With electronic trading platforms becoming increasingly sophisticated, more cost effective measures handling larger order flow is becoming a reality. The higher reliance on electronic trading has had profound implications for vendors and users of information and trading products. Broker dealers providing solutions through their products are facing changes in their business models such as: relationships with sellside customers, relationships with buyside customers, the importance of broker neutrality, the role of direct market access, and the relationship with prime brokers.

Electronic and Algorithmic Trading Technology: The Complete Guide is the ultimate guide to managers, institutional investors, broker dealers, and software vendors to better understand innovative technologies that can cut transaction costs, eliminate human error, boost trading efficiency and supplement productivity. As economic and regulatory pressures are driving financial institutions to seek efficiency gains by improving the quality of software systems, firms are devoting increasing amounts of financial and human capital to maintaining their competitive edge. This book is written to aid the management and development of IT systems for financial institutions. Although the book focuses on the securities industry, its solution framework can be applied to satisfy complex automation requirements within very different sectors of financial services - from payments and cash management, to insurance and securities.

Electronic and Algorithmic Trading: The Complete Guide is geared toward all levels of technology, investment management and the financial service professionals responsible for developing and implementing cutting-edge technology. It outlines a complete framework for successfully building a software system that provides the functionalities required by the business model. It is revolutionary as the first guide to cover everything from the technologies to how to evaluate tools to best practices for IT management.

*First book to address the hot topic of how systems can be designed to maximize the benefits of program and algorithmic trading

*Outlines a complete framework for developing a software system that meets the needs of the firm's business model

* Provides a robust system for making the build vs. buy decision based on business requirements
 

Trading ETFs: Gaining an Edge with Technical Analysis, 2 edition : the book

A comprehensive catalog of exchange-traded funds and insights into successful trading techniques

This Second Edition of the bestselling Trading ETFs offers an updated version of the definitive guide to this vital part of the capital markets. It contains numerous new examples of the techniques that author Deron Wagner uses in selecting the most timely ETFs to trade and underscores the core insights of his trading discipline "trade what you see, not what you think."

Written for professionals who are using, or should be using, ETFs as an asset class within their portfolios, as well as the individual investor who wants exposure to wider sectors and geographical regions than those available elsewhere.

This revised edition of the classic resource focuses on the pros, cons, and potential pitfalls of trading the latest class of ETFs

Includes inversely correlated and leveraged ETFs and the dangers, risks, and benefits associated with each new class of ETF

Contains a refresher on the initial concept of ETF selection and new case studies on ideal entry and exit points as well as examples of real trades

This thoroughly revised and updated edition offers a "go-to" reference for understanding exchange-traded funds.
 

Robert Fischer, "Trading With Charts for Absolute Returns" : the book

Are you fed up with brokers, advisors, and fund managers who charge fat fees for services—even when they don't meet their puny market-plus benchmarks? Would you like to earn the kinds of absolute returns seen by the world's most successful hedge funds?

Well now you can. And you'll do it without cutting-edge computer models and multimillion-dollar automated trading systems.

Armed with nothing more than the chart patterns provided in this book, you can consistently earn absolute returns in the stock and commodities markets, year in and year out, in bull and bear markets alike.

Author Robert Fischer, world-renowned for his pioneering work in Fibonacci-based trading strategies, identifies key chart patterns—including three- and four-point trend lines and five-point trend channels, support and resistance lines, and PHI ellipses—that deliver absolute returns in most market conditions. Writing for both novices and experienced chart traders, he walks you, step by step, through the scientific foundations of his trading approach. He reveals the fatal shortcomings of long-only investment strategies in today's global investment environment, while making a strong case for an approach that combines both long and short trading strategies. And he clearly and succinctly demonstrates how through the systematic application of his chart patterns, both individually or in combination—along with simple Fibonacci-derived rules for entry, exit, stop-loss, and profit targeting—virtually any investor can generate absolute returns.

But the proof is in the pudding, as they say. On the Trading with Charts for Absolute Returns companion web site, available exclusively to those who purchase this book, you'll find over 1,500 real-world trading signals from fourteen projects with which to test the validity of Fischer's strategies. Anyone interested in tracing the hundreds of buys and sells on a trade-by-trade basis will find the job greatly facilitated by free access to Fibotrader, a proprietary program specifically designed by the author to work with the chart patterns introduced.

Why settle for relative returns of a few points over market when you can consistently earn absolute returns? Read Trading with Charts for Absolute Returns and find out how.
 

Algorithmic Trading and DMA: An introduction to direct access trading strategies By Barry Johnson : the book

Algorithmic trading and Direct Market Access (DMA) are important tools helping both buy and sell-side traders to achieve best execution.

This book starts from the ground up to provide detailed explanations of both these techniques:

  • An introduction to the different types of execution is followed by a review of market microstructure theory. Throughout the book examples from empirical studies bridge the gap between the theory and practice of trading.
  • Orders are the fundamental building blocks for any strategy. Market, limit, stop, hidden, iceberg, peg, routed and immediate-or-cancel orders are all described with illustrated examples.
  • Trading algorithms are explained and compared using charts to show potential trading patterns. TWAP, VWAP, Percent of Volume, Minimal Impact, Implementation Shortfall, Adaptive Shortfall, Market On Close and Pairs trading algorithms are all covered, together with common variations.
  • Transaction costs can have a significant effect on investment returns. An in-depth example shows how these may be broken down into constituents such as market impact, timing risk, spread and opportunity cost and other fees.
  • Coverage includes all the major asset classes, from equities to fixed income, foreign exchange and derivatives. Detailed overviews for each of the world's major markets are provided in the appendices.
  • Order placement and execution tactics are covered in more detail, as well as potential enhancements (such as short-term forecasts), for those interested in the specifics of implementing these strategies.
  • Cutting edge applications such as portfolio and multi-asset trading are also considered, as are handling news and data mining/artificial intelligence.
 

Carley Garner, "Currency Trading in the Forex and Futures Markets" : the book

Currency trading offers immense potential to stock and futures investors seeking new speculative opportunities. However, there are several ways to trade in currencies, and many unsuspecting traders have been burned by aggressive marketing campaigns and gimmicks luring them into unfavorable trading environments. In this book, best-selling trading author Carley Garner covers everything new currency traders need to know to avoid those pitfalls and start earning big profits. Currency Trading in the Forex and Futures Markets begins by demystifying all the essentials, from quotes and calculations to the unique language of Forex trading. Readers learn all they need to know about choosing trading platforms and brokerage firms; working with leverage; controlling transaction costs; managing liquidity, margins, and risks; and much more. Garner thoroughly explains the currency spot market (Forex); currency futures traded on the Chicago Mercantile Exchange (CME); and currency ETFs. She candidly discusses the advantages and disadvantages of each, cutting through the "smoke and mirrors" often associated with currency trading. Readers will also find a full section on currency market speculation, including a clear introduction to fundamental and seasonal analysis in currency markets. With her guidance, new currency traders can identify the markets and approaches that best fit their objectives, and avoid the pitfalls that have often victimized their predecessors.
 

Trading and Money Management in a Student-Managed Portfolio by Brian Bruce, Jason Greene : the book

Trading and Money Management in a Student-Managed Portfolio is a hands-on textbook for student-managed investment funds (SMIFs). The book presents the applied material that textbooks on portfolios and investments always overlook. Its focus on "how-to" questions summarizes the disciplines and skills necessary for trading. Covering equities, hedge funds and derivatives, and fixed income, it captures the breadth and detail necessary for developing and executing trading strategies.

Developed specifically for SMIF courses, the book features calculations, examples, and software that help you move from talking about markets to taking positions in them.

Methodically summarizes the disciplines and skills necessary for trading

Teaches you to build a ranking model for securities and write a research report for a sell-side firm

Covers equities, fixed income, derivatives, and hedge funds
 

George Pruitt, John R. Hill, "Building Winning Trading Systems with TradeStation" : the book

TradeStation™ has gained worldwide acceptance as the premiere investment software platform, but information regarding it has been limited and focused mainly on functionality–until now. In Building Winning Trading Systems with TradeStation™, systems experts George Pruitt and John Hill show you how to unlock the power of this platform–specifically TradeStation™ 6.0–and profit from it as you trade a variety of markets including the futures, commodities, and stock market, to name just a few.

Building Winning Trading Systems with TradeStation™ is essentially two books in one–a trading system development guide and a guide to TradeStation™’s programming language. Within the first few chapters of this informative resource, you’ll be introduced to EasyLanguage®, the powerful programming language that sets TradeStation™ apart from other software packages. Building on this foundation, Building Winning Trading Systems with TradeStation™ discusses the essentials of programming, from proper programming techniques and program control structures to data structures and analysis techniques such as PaintBar, Indicator, ShowMe, Function, and Strategies.

With the basics of programming behind you, this comprehensive guide covers all aspects of researching, building, understanding, and evaluating your own trading strategies and systems in conjunction with TradeStation™ and EasyLanguage®. In-depth analysis provides practical guidance on:

• How to understand trading system performance and proper strategy optimization

• Good trading ideas, their codes, and how to translate them into software

• How to fix your logic and programs through the art of debugging

• Developing, researching, and testing trading ideas

• And much more
 

George Angell, Sniper Trading Workbook: Step-by-Step Exercises to Help You Master Sniper Trading : the book

The Sniper Trading Workbook is the perfect complement to Sniper Trading: Essential Short-Term Money-Making Secrets for Trading Stocks, Options, and Futures. This workbook provides an invaluable opportunity to explore your understanding of the formulas and strategies covered in the main text–before you put them to use in real market environments.
 

Ryan O'Keefe, "Making Money in Forex: Trade Like a Pro Without Giving Up Your Day Job" : the book

A practical guide to trading around the commitments of career and family

Making Money in Forex will help aspiring traders successfully enter this field while maintaining a job. With this book, author Ryan O'Keefe explains his own personal journey to becoming a trader and shows you how to follow a similar path.

O'Keefe describes his approach to trading and reveals his bargain hunting trading style, which is designed to capitalize on market trends. Throughout the book, O'Keefe pays a great deal of attention to trading psychology, learning to read price instead of indicators, and emphasizes that aspiring traders must find a strategy they are comfortable with and can implement with confidence.

Addresses how you can successfully trade around the demands of your job and personal life

Reveals the author's "bargain hunting" style which can be used to reduce risk and maximize profit

Discusses how common trade management techniques may impact overall performance

Provides insights into structuring trading to minimize stress

Written in a straightforward and accessible style, Making Money in Forex utilizes a conservative approach to trading that will help you build your trading competency over time.
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