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C**M
It's nice book
When I started trading business I was so confused about profit & loss. It took a long time to take a purchase or sale decision for me. But after do some trading I get my self confidence. But after reading this book, I am now self depended. There are many tips in this book, which make to take decision easily.
C**S
Three Stars
Author stores a bit redundant
S**D
Better than the average trading book for beginners but still far from adequate
I am obliged to commend the author for his emphasis on the high failure rate of trading and the myth of the holy grail. However, I must criticize that it had not told what an aspiring/beginner trader must do to win as promised on the book title. The author had given plenty of fact why somebody got to "trade" and not only "invest". The parts on the background information of various commodity/currency futures and the trading psychology were alright. Pity that the chapters on Technical Analysis and Risk Management are below par, in particular the former one. Oddly he only gave "definition" to some TA tools, such as MACD (and no stochastics, to my surpise), with no graphical illustration at all. Perhaps he preferred Moving Averages, RSI and Open Interest. Nevertheless, his illustration on Candlestick is even a little bit faulty. In short, if you have not read any trading book beforehand, you may find it okay. Otherwise, I strongly recommend you to give it a pass.p.s. Below please find some of my favorite passages. Hope you like them.The mistakes I had made in the past occurred solely because I had brought a stock market investor mentality to futures and forex. This was much like bringing a knife to a gun fight. pg xviIn the Beginning: Happiness. Next Comes: Greed. Followed Up by: Fear. Which Leads to: Sorrow. Next You Have: Frustration. Finally: Defeat. pg 72-74Regardless of what side you were on you had opinions, ideas, and feelings to support your assumptions, each point more valid than the last point, each concept you would defend to the grave - stubbornness that will take your account to its grave if you are not careful. pg 89
Trustpilot
1 month ago
3 weeks ago