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Trading Tools and Tactics, + Website: Reading the Mind of the Market (Wiley Trading)
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Product Description
From the founder of the leading online trading education company Pristine.com, a simple technical method to trade or invest
Many trading books present esoteric trading concepts and complicated indicators that may look good on paper when viewing the past, but prove ineffective in the real world.
Trading Tools and Tactics: Reading the Mind of the Market doesn't just make investing look easy; it makes trading easy by teaching you not only how to identify price moves, but by helping you understand why prices move the way they do.
- Covers managing trades and setting entries and stops, and helps you view how failed trades or chart patterns of the past can become new opportunities
- Describes how to identify and understand supply and demand as it relates to resistance and support, as well as how to combine and read multiple time frames that offer the best opportunity to take profits
- Details both concepts and practical tools to use for life, not just the current market
Investing is all about finding the right price patterns to profit from by understanding support, resistance, trends, and volume?as well as identifying the best time frames to trade. Trading Tools shows you how to do just this.
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Trading Tools and Tactics, + Website: Reading the Mind of the Market (Wiley Trading) Reviews
10 of 11 people found the following review helpful: From a Traders Perspective ..., By Amazon Verified Purchase( What's this?) This review is from: Trading Tools and Tactics, + Website: Reading the Mind of the Market (Wiley Trading) (Hardcover) Typically when I buy a book if I pick up just one great idea or strategy I consider it a win. Or, if I gain some clarification or perspective on a previous idea from another book I consider that a win. In this case I think I may have picked up and clarified more than one. I have to admit that I have read the book more than once and it isn't perfect but it certainly clarifies many trading idea's and concepts that you must have a firm grasp of to trade successfully. I would characterize the theme of the book as "Objectivity" and how to be objective when trading. I too am frustrated by the use of greyscale for the book and not color but the concepts and strategies outlined within the book are well done and don't necessarily require all the charts to be color. But yes, I certainly would have preferred it. For the record, Steve Nison is considered the foremost authority on Candlestick charting techniques in the US and NONE of his charting books are in color... Read more 11 of 15 people found the following review helpful: Terrible book!, Amazon Verified Purchase( What's this?) This review is from: Trading Tools and Tactics, + Website: Reading the Mind of the Market (Wiley Trading) (Hardcover) Warning! This book is lousy printed. The candles in the charts cannot be differentiated by colour. White candles are grey and black candles are a little bit more grey. While looking onto the charts it is impossible to gain any value from it. Partially there are shadows around the lines (p. 99 ff etc). Wiley merely has copied screenshots without making an effort to present them for the reader in a reasonable form. Unusable. I've sent back the book immediately. 4 of 5 people found the following review helpful: Top Content, Chart Web Sight Is There, By This review is from: Trading Tools and Tactics, + Website: Reading the Mind of the Market (Wiley Trading) (Hardcover) The "Tools & Tactics" are clearly explained and work, plain and simple. David A. Smith's review covers the overall content in a completely sufficient and useful manner so I will not attempt to say more. The overall content far outweighs the problems, but problems exist. First, and of less importance, is the editing and proofreading. There are sentences where you can tell what is meant but proofreading by anyone competent would have restructured the sentence because a word was left out or it was just plain clumsy. It makes you wonder if the publisher, Wiley, did more than just print and distribute the book. Second, and more important, is the problem with the charts, as mentioned by others, which are candlestick charts. They are all gray vs. slightly darker gray instead of red vs. green or solid black vs. outlined, and that just doesn't cut it. The book references a Web site where the charts are on PowerPoint and are crisp, clear and red vs. green. The... Read more |
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