"Beginner Book" Posts

Winning In The Future Markets: A Money-Making Guide to Trading Hedging and Speculating, Revised Edition by George Angell

By Lawrence

Summary: A great introductory book on trading futures. Unlike those tour guide style trading books, the author essentially disclosed a practical method to trade commodity futures and specifically the S&P 500 index future. His LSS method is his distilled wisdom from classic trading techniques. Many famous traders nowadays all acknowledge this book as one of […]

Trading Systems: A New Approach to System Development and Portfolio Optimisation by Emilio Tomasini and Urban Jaekle

By Lawrence

Summary: One of the better trading system design intro for anyone interested in trading system development and deployment. Covered all aspects of trading system design in relatively understandable language for people without scientific research background. Example trading models are provided for open discussion. Highly recommended to not just those interested in systematic trading but also […]

Naked Forex: High-Probability Techniques for Trading Without Indicators by Alex Nekritin and Walter Peters

By Lawrence

Summary: A strong advocate of chart trading without using indicators. The point of view is not new, as it is the practice for majority of successful professional daytraders. It is, however, first time a book coming out to say that trading can be done with simpler and well defined trading plans based on several chart […]

The Day Trader’s Advantage: How to Move from One Winning Position to the Next by Howard Abell

By Lawrence

Summary: A decent trading psychology book with many interviews on well-known traders. Focus on daytrading with outline on the author’s unique approach to making trading decisions. Interesting read and everything still applicable even today. Book Information The Day Trader’s Advantage: How to Move from One Winning Position to the Next Written by Howard Abell [starreviewmulti […]

The Inner Game of Trading by Robert Koppel and Howard Abell

By Lawrence

Summary: A good summary of the psychological profile necessary for consistent profitability in trading. The strength of this book is that it is telling the story as it is – not everyone can become a great trader but it is possible to train anyone in becoming a good one as long as the person is […]

Forex Conquered: High Probability Systems and Strategies for Active Traders by John Person

By Lawrence

Summary: A book on “high probability systems” for use with forex markets. The components for the systems are discussed in general with no specifics. I am disappointed by the fact that the trading systems are not disclosed. This book is not quite what I expected from a well respected trader. Book Information Forex Conquered: High […]

A Complete Guide to Technical Trading Tactics: How to Profit Using Pivot Points, Candlesticks & Other Indicators by John Person

By Lawrence

Summary: A guided tour on trading with technical tools by a trading veteran. The way the materials are presented makes you feel confident in the techniques but there is a lack of depth. Often mentioned is the online service provided by Mr. Person that makes it feel like he has withhold important clues on using […]

Stan Weinstein’s Secrets For Profiting in Bull and Bear Markets by Stan Weinstein

By Lawrence

Summary: One of the best stock trading books published after 1960s. Reading the book in details and incorporating the best practices into your own game plan will significantly improve your ability to profit from the stock market. Highly recommended. Book Information Stan Weinstein’s Secrets For Profiting in Bull and Bear Markets Written by Stan Weinstein […]

Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game by Kathy Lien and Boris Schlossberg

By Lawrence

Summary: An interesting take on how a very diversified group of traders tackling the forex markets successfully. Not a book of the tall tales on legendary traders, if that is what you are looking for. A very good book for beginners to broaden their perspectives on what works with forex trading. A good read overall. […]

How to Lie with Statistics by Darrell Huff

By Lawrence

Summary: The best selling book about statistics of all time. It may not be a very technical book but it gives you good ideas how statistics are manipulated to support an argument. Highly recommended. Book Information How to Lie with Statistics Written by Darrell Huff [starreviewmulti id=2 tpl=31 size=’12’ average_size=’24’]