The Richest Man in Babylon
Author: George S. Clason
A collection of parables, these stories of Babylon tell the success secrets of the ancients. Acclaimed as the greatest of all inspirational works on the subject of thrift and financial planning, these stories have become a modern classic in their field. The Richest Man…offers solutions to your personal financial problems that can guide you through a lifetime of success. Read and recommended by over a million and a half readers…isn’t it time you finally read it too?
How To Become a Real-Time Commodity Futures Trader – From Home: Living the Ultimate Entrepreneurial Dream.
Author: Scott A. Krieger
Written by an experienced private trader who trades his own account – real-time from home – this comprehensive 328 pg. Guidebook clearly shows the advantages and highly lucrative techniques of “off-the-floor” trading from home. It covers A to Z: from complete home computer setup and how the futures industry works; to trader psychology, expert timing techniques and advanced trading strategies. Fully illustrated and written for both beginning and experienced traders, this highly acclaimed guidebook clearly and methodically progresses through all of the trading concepts and procedures and is specifically designed to show you that once you learn how to intelligently trade from home, you will truly need no other occupation for making money!
Getting Started in Futures (3rd Edition)
Author: Todd K. Lofton
The universal choice for beginning investors in futures markets, this precisely written, jargon free guide explains how futures markets operate and tells how contracts are packaged and sold. The third edition covers traditional commodities such as grains and metals, reveals today’s investment opportunities, shares profit-making strategies and covers recent changes in the market. There are 55 Charts and tables.
Schwager on Futures Technical Analysis
Author: Jack Schwager
This is THE definitive book on technical analysis for the futures trader. Thoroughly comprehensive, with a major section on every imaginable aspect of charting as an analysis tool. Includes exceptional coverage of oscillators (such as RSI, Stochastics, etc.) and cycles. For those interested in systems, it explores the structure and design of a variety of technical trading systems and system performance measurement. Written throughout from the view point of the trader as well as the technical analyst, this book emphasizes the practical application of the principles it teaches. A 200-page selection is devoted to real world trading examples and their interpretation. Receives our highest recommendation.
The Visual Investor: How to Spot Market Trends.
Authors: John J. Murphy, John L. Murphy
Now in a book aimed at the huge and growing market of individual investors in stocks, bonds and mutual funds, John introduces readers to the art and science of visual analysis. Clearly and simply he explains the principles of technical analysis in terms that nonprofessionals can understand and shows individual investors how to track the ups and downs of stock prices by visually comparing charts – instead of relying on abstruse mathematical formulas and rarefied technical concepts. He also introduces readers to his widely acclaimed Intermarket Analysis – a proven analytical approach based on understanding the impact that all the different markets have on each other and what that means to the investor. Features dozens of easy-to-read charts and graphs with step-by-step instructions on how to understand and interpret them.
A Complete Guide to the Futures Markets: Fundamental Analysis, Technical Analysis, Trading Spreads and Options
Author: Jack D. Schwager
Technical Analysis (Schwager on Futures/Jack D. Schwager)
Author: Jack D. Schwager
Hardcover, 800 pages
Published by John Wiley & Sons
Publication date: December 1995
The workbook provides a comprehensive description and analysis of fixed income products, markets and techniques. It takes the student through the key qualitative and quantitative issues, including the techniques for analyzing, valuing, trading and managing the risks of fixed income securities and describes the products and their features.
Reminiscences of a Stock Operator
Author: Edwin Lefevre
Reminiscences of a Stock Operator is the thinly disguised biography of Jesse Livermore, a remarkable character who first started speculating in New England bucket shops at the turn of the century. Livermore, who was banned from these shady operations because of his winning ways, soon moved to Wall Street where he made and lost his fortune several times over. What makes this book so valuable are the observations that Lefevre records about investing, speculating and the nature of the market itself.
If you’ve ever spent the weekends and nights puzzling over whether to buy, sell, or hold a position in whatever investment – be it stocks, bonds, or pork bellies, you’ll be glad that you read this book. Reminiscences of a Stock Operator is full of lessons that are as relevant today as they were in 1923 when the book was first published. Highly Recommended.
Winner Take All
Author: William Gallacher
Trading futures is an infinitely challenging and constantly perilous business. No other book describes what futures trading is all about better than Winner Take All. With wit and intelligence, William Gallacher debunks the conventional wisdom about futures trading and shows what it takes to win. A classic in investment literature, Winner Take All is a book for every trader.
Quote by Jeff L. Mackenzie, Vice President and Director of Research, R.J. O’Brien & Associates, Inc: Witty and painfully true, this book is delightful reading. Bill clearly understands the motivations and methods of all the major market players. This is fresh thinking that both newcomers and old hands can gain from.
Quote from Alexander Elder, Director of Financial Trading Seminars: Intelligent, funny, and brutally honest. It offers a clear psychological mirror in which to recognize and hopefully reform your trading flaws.
Quote from Charles LeBeau and David Lucas, authors of Computer Analysis of the Futures Market: A wonderfully witty book. It’s one of our all-time favorites.
Jack Schwager on Futures; Study Guide Technical Analysis
Author: Jack D. Schwager
Workbook and study guide to accompany Technical Analysis. Question and answer format corresponds directly with the book to reinforce concepts and test knowledge.
In Schwager on Futures: Technical Analysis, legendary market analyst Jack D. Schwager examines technical analysis in-depth, exploring what works and doesn’t work in the real world of trading. Now, in the Study Guide to Accompany Technical Analysis, Thomas Bierovic, a highly renowned instructor, joined by Steven Turner and Jack Schwager, offers a class in the technical material presented in Technical Analysis.
The Study Guide is clearly organized parallel with Technical Analysis. Chapter by chapter, it provides questions and problems that help you practice applying the principles in the book, plus brief chapter summaries to reinforce major points. Answers are in the back, so you can check your work.
What better way to test your knowledge than by running through a series of questions and problems? Trading system development is enhanced once you are certain you understand the underlying indicators. Working through the study guide lets you test your aptitude before using the indicators to trade real-time. With the Study Guide, Technical Analysis will be an even more valuable trading companion and reference.
Kroll on Futures Trading
Author: Stanley Kroll
A legendary trader shares his market savvy with you in an insightful and engaging book. It’s like having dinner with a veteran trader and having him share his experience and knowledge with you. Among the topics addressed and discussed:
– Importance of a viable strategy and sound money management,
– How to develop a successful strategy,
– Creating and using a trading system,
– Identifying and trading the trend,
– Effective approaches to self-discipline
As quoted from the cover of the book, The world of futures traders runs on a potent mixture of adrenaline, fear, and smarts. It’s a zero-sum game
Where 10 percent of the players take home 90 percent of the winnings, and the others take home an expensive experience. This book reveals the strategies and tactics that can put the odds in your favor. Every chapter is a well-written vignette in which futures traders will recognize their own foibles and gain insights from Kroll’s 30 years of experience.
High Performance Futures Trading
Author: Joel Robbins
The single most important variable to success in futures trading is not a trading system, nor is it the type of computer you have, nor the type of inside information to which you might be privy. It is not the amount of capital you have, nor the broker with whom you are trading. The simple fact of the matter is that what ultimately separates winners from losers in the futures markets is market savvy.
Unfortunately, market savvy does not come naturally to many traders, and even the most experienced ones need it reinforced from time to time. High Performance Futures Trading: Power Lessons from the Masters is an extraordinary manual that brings together contributions from the most disciplined, innovative and experienced minds in futures trading today. Written in a clear, insightful, informative style, it will assist readers in developing and successfully executing a disciplined trading approach.
A host of experts present what they know best…
– Bernstein on Seasonal and Cyclical Trading
– Kneafsey on the Cambridge Hook
– Roemer on using Weather Forecasts
– Schlifke on Investing in Funds and Managed Accounts
– Babcock on Newsletters and Advisory Services
– DiNapoli on Fibonacci Analysis
– Livey on Market Sentiment
– Dalton and Jones on Trading Logic and Market Profile
– Prechter and Frost on the Elliott Wave
This highly useful manual also provides users with a complete set of appendices including a glossary of terms and a bibliography of books, newsletters, software, databases and advisory services.
How to Become a Real-Time Commodity Futures Trader from Home
Author: Scott Krieger
Review by Edward Dobson, President of Traders Press
Here is good news for new or prospective traders in the futures markets: a superb new book, which offers a thorough overview and substantial insight into the fascinating and potentially profitable world of futures trading. This excellent book is interesting and easy to read. It is perhaps THE best book to provide a succinct education in the business of futures trading. Its effectiveness is born of excellence in the use of the language, unambiguous descriptions, and isolation of only the most useful and effectual methods. I agree with virtually all of the author’s conclusions and advice, with the notable exception of his approach to the use of options, which he treats most briefly and wherein he admits to being something of a novice. The author, Scott Krieger, is an active real-time day trader, and is well qualified to provide helpful advice to the new (as well as seasoned) trader.
The book is a soup-to-nuts treatment of futures trading, which omits no area of import, from the organization of the markets, through a choice of which futures to trade, to a detailed description of specific trading techniques. Most space is devoted to subjects related directly to decisions about trading. It is eminently practical, and even contains a fine section on the best web addresses available to traders, a worthwhile contribution.
Krieger’s own trading approach is explained. He goes far enough in the description of specific indicators and their use to get the reader enthused about the obvious good sense that underlies his methodology. One does learn late in the book that the author has something to sell, other than books.
He provides a package whose price can be learned only by contacting his company. Although such tactics may seem a disappointment on the surface, they do not mitigate the excellence of this fine book, and the pitch is soft sell and held to a minimum.
Krieger consistently calls them like he sees them, calling a spade a spade and refusing to buckle to the conventional wisdom. For example, contrary to the advice of numerous writers who recommend trading before certain holidays (e.g. the Santa Claus effect), he views these times as illiquid and recommends avoiding them. Another example relates to the identification of pivots. Some writers espouse the prediction of market turns in an attempt to enter as close to a top or bottom, whereas others have decried this practice, preferring to enter only after a trend is well set. Krieger recommends identifying market turns, not for the purpose of entry at that tenuous point, but because turning points identify the beginning of trends and the entire purpose of the exercise is to get a piece of the ensuing trend.
The book’s concentration is skewed toward day trading; the author’s particular bent, but also covers longer time frames. The approach presented is one which should be valid in any time frame.
This is a book which should be read and studied by every incipient futures trader. I believe that it would also be beneficial for the great majority of seasoned traders as well, since it covers advanced topics such as Keltner analysis (alone and with other indicators), trading synergy, Gann time, multiple time frame trading analysis, and other topics.
Starting Out in Futures Trading
Author: Mark Powers
Updated and expanded 5th edition. Complete guidance for the new or prospective futures trader. Covers all the essentials: trading plans, choosing a broker, placing orders, price forecasting, hedging, futures options, spreads, technical analysis, commodity groups, et al. Highly recommended.
(From the foreword): This book first appeared as a mini-course series in Commodities magazine in 1972-1973. When the series was pulled together with the new additional chapters, it became the first book of its kind on commodity futures trading, according to Todd Lofton, co-founder and editor of Commodities.
Getting started was easily the most popular book to come out of the magazine and was the first basic text read by many new traders in the 1970’s and 1980’s. Over the years, it has been reprinted at least half a dozen times and revised several times. In each case there were lots of new things to talk about – contracts and products and strategies that weren’t even around when the first version was written.
Powers had already written about Money, The Ultimate Commodity, in the first edition before most people had a clue what the new currency futures market was all about – or why it was so significant. Later editions brought new chapters on interest rate futures, options, stock index future, managed futures and many other new developments that have marked the growth of the futures industry over the years. This completely revised and renamed edition retains all the basics and brings you up to date on how a new trader can approach today’s marketplace.
Few people are as well qualified to write about futures and trading as Mark Powers, whose career path closely parallels the development of the futures and options industry. In getting his agricultural economics degree at the University of Wisconsin, Powers wrote his doctoral dissertation on pork bellies – at the time, the new frontier in futures trading.
Powers can get very complex very quickly when it comes to trading derivatives. But his style, reflecting his background in education and teaching, is to get to the heart of an issue and make clear what it’s all about. Perhaps because he knows so much about so broad an area of the futures and options industry, he is able to convey to beginners the difficult concepts they need to grasp if they are to be successful traders.
Unlike the situation when the first edition of this book appeared, traders – even beginners – have a number of choices today to learn how to start trading. But it would not be surprising if this new edition, like its predecessors, again became one of the most popular volumes for the beginning trader.
Exceptional Trading: The Mind Game
Author: Ruth Roosevelt
Exceptional Trading: The Mind Game is a trader’s manual for developing the necessary attitudes to trade consistently and to win. The book gives traders a personal winning edge. It outlines remarkable methods for developing internally the mental skills essential to high profit trading.
Not only does the book show you how to think and what to think. It shows you how to do it. It gives specific techniques for making the essential mind shifts that enable you to create a mental advantage. Trading is, after all, mind over markets, quick action, clear thinking, and an unclouded intent to win.
Ruth Barrons Roosevelt, a futures trader and international psychological trading coach, shows traders how to manage their emotions, resolve conflicts, divorce ego, discover and change limiting beliefs, and execute a winning system with confidence.
Success leaves clues. Ruth interviews super traders Linda Raschke, Michael McCarthy, and Max Ansbacher. They talk extensively and openly about their experience and their own approach to trading.
The book is a good read, interesting from beginning to end. Here is what her colleagues had to say about it:
Mark Douglas: True to its title, Ruth has done an exceptional job. Her explanations are clear and concise, but most of all I think some of her techniques are brilliant. Thanks for sharing, Ruth. This book is a real credit to the industry.
Adrienne Toghraie: An exceptional psychological handbook for traders to identify and resolve some of the major issues, which sabotage their discipline and therefore their success.
Van K. Tharp, Ph.D: Commitment, Belief, Emotions, Conflict Resolution and the Environment are just a few of the many critical topics covered in Ruth Roosevelt’s interesting new book.
Trading For A Living (And Study Guide)
Author: Dr. Alexander Elder
Superb book which is both highly informative, and also delightful reading. Covers 3 primary skills essential to successful trading: Psychology, market analysis and trading methods, and principles of money management. The coverage of psychology is both from an individual perspective, and from that of the crowd, or majority of market participants. Teaches a new approach to managing your own emotions as a trader, also how to understand and benefit from the crowd psychology of markets. One of Ed Dobson’s favorites.
(Quoted from the book cover): Dr. Alexander Elder is a professional trader; a world-class expert in technical analysis, and a practicing psychiatrist. He believes that successful trading is based on three M’s: Mind, Method, and Money. First, you will see that the key to winning is inside your Mind. You will find out how to develop discipline and how to avoid the traps of emotional trading. Second, you will learn how to find good trades by using charts, computerized indicators, and other tools. You will discover how to combine several analytic Methods into a powerful trading system. Finally, you will learn how to manage Money in your trading account. The rules for limiting risks are as vital to a trader as a safety net is to a high-wire walker.
With this book you are on your way to mastering a new way to trading stocks, futures, currencies, and options. Dr. Elder helps you embark on an intense pursuit – Trading For A Living.
Viewpoints of a Commodity Trader
Author: Roy Longstreet
The psychological aspect of trading is considered by many to be the most important. In this classic, veteran trader Roy Longstreet explores many areas that are of psychological significance to the futures trader and offers guidance on how to deal with each effectively.
This is a behind the scenes book in the strictest sense of the phrase. When Roy Longstreet was first confronted with the question: If you know so much about commodity trading, then why aren’t you rich? He determined that the best answer would be a conspicuous measure of financial success in the trading of commodities futures. That he achieved his objective is evident because now he is the head of the largest brokerage firm in the country dealing exclusively in commodities.
The techniques and the methods he employed over the years to achieve financial success is what is important to the reader and in this book we have those methods ably described by Mr. Longstreet. His approach to commodity trading is more fundamental than technical. He believes that psychology plays a basic role in the movement of commodity prices. As a matter of fact, he has often expressed the desire to hire a psychologist to apply specialized knowledge and find out what people who trade commodities think and why they make the mistakes they do.
Roy Longstreet’s views will prove to be invaluable for those who want to increase their financial standing along intelligent, crystal-clear and forthright lines. As publishers of many books in the financial field, we recommend Roy Longstreet’s book to you.
Trade Your Way To Financial Freedom
Author: Dr. Van Tharp
Traders spend entire careers trying to crack the code to trading riches. The list of potential strategies is endless – high-probability entry signals, volatility breakouts, one-size-fits-all trading systems, and more. Is it possible that a system for instant control over the market is within every trader’s grasp?
In this book, world-renowned traders coach Dr. Van Tharp explains that the Holy Grail is NOT a mysterious trading system that delivers incredible trading profits with little or no risk. Just as there is not a single best way to play golf, there are no universal strategies that will work for all traders.
Instead, Dr. Tharp’s research shows that the secret is different for each trader, and can be uncovered quickly and plugged into every trading program with surprisingly little effort. In this performance directed book, Dr. Tharp shows how the interplay of an investor’s style, goals, and personality – in combination with a carefully designed and tested system – ultimately determines true success.
As a result, Trade Your Way To Financial Freedom is filled with the kind of information that will help virtually all traders and investors substantially increase their income. Dr. Tharp covers it all:
– The psychological biases against good system development.
– Ingenious concepts of orderliness that help you accurately predict turning points – and work them to your advantage!
– Expectancy and deposition sizing – the most important, yet least understood, aspects of profitable trading.
– Stock and futures trading models – from Warren Buffett to Perry Kaufman – that examine setups used by the masters.
– Position sizing variables, and how to use them to consistently carve out the optimal profits.
– A free website to let you practice your new trading skills without risk, develop plans, and even compete against other traders!
This breakthrough book will, quite simply, forever transform your perceptions of successful trading. Once you become aware of the all-important psychological foundations for system design, and understand the six key elements to making money in the market (along with which elements are most critical!), you’ll be able to develop a trading system that meets both your personality and profit objectives. A brighter and more lucrative trading future begins today, with Dr. Van Tharp’s Trade Your Way To Financial Freedom.
All About Futures From The Inside Out
Author: Thomas A. McCafferty & Russell R. Wasendorf
For the new or potential futures trader who wants to know what futures trading is all about. Full of examples and practical strategies. Gives you a real feel for futures trading, including methods every trader needs to know and understand to become successful. Provides overviews of actively traded markets, contract specifications, and a complete glossary.
The place to start. All About Futures is ideal for those who want to begin trading futures, those who want to brush up on the essentials or those who just want to know what futures trading is all about. With loads of examples and practical strategies, this handy guide gives the potential trader a real feel for futures trading, including the methods that every trader needs to know and understand to become successful. All About Futures provides overviews of the actively traded markets, contract specifications and a complete glossary. Topics include:
– Is Futures Trading for You?
– Understand how economic undercurrents move futures prices higher and lower.
– Develop your own trading system using sound money management.
– Using Technical and Fundamental Analysis.
– Trading net long/short.
– Hedging, Spreads and Straddles.
– Options trading.
– How to evaluate professionally managed trading programs.
– A complete discussion of federal regulations and how to protect your investment.
The Traders Tax Solution
Author: Ted Tesser
THE ONE STOP GUIDE TO REDUCING TAX LIABILITY FOR THE TRADER AND SERIOUS INVESTOR. (US Residents)
In this comprehensive and insightful guide, CPA and expert tax consultant Ted Tesser provides solutions for the tax problems facing most U.S. traders, investors, and income earners in today’s excessive tax payments to federal and local governments, insufficient preparation for retirement, and, ultimately, the fate of bequests.
Here are invaluable business, estate, retirement planning, and tax-saving strategies that virtually anyone can implement. Included is specific information to help traders reduce their tax liability, with individual case studies, real world examples, and model tax returns. In this work, Tesser shows everyone concerned: How to disinherit the federal government. How trader status is upheld, even under audit. How to use education tax breaks. How to augment under funded retirement plans. How to master the basics of estate tax planning. How to use the annual gift tax exemption…and much more.
Keep the profits you work so hard to earn, whether from trading, investing, or simply working and take control of your financial destiny. With The Trader’s Tax Solution, the choice between building wealth and just getting by is yours.
Ted Tesser, CPA, specializes in investment taxation and is an active trader. He is the author of Wiley’s The Trader’s Tax Survival Guide and is well known for his popular seminar entitled Trader’s and Investors: Cut Your Taxes in Half!
KEEP THE PROFITS YOU WORK SO HARD TO EARN, WHETHER FROM TRADING, INVESTING, OR SIMPLY WORKING.
Here’s my advice: first, design a trading strategy that gives you an edge in the markets; second, trade your strategy with precision and steadfastness; third, study The Trader’s Tax Solution and apply Tesser’s principles to your taxes and financial planning. If you’re a trader or investor who wants to keep the maximum possible amount of the money you’ve earned, your copy of The Trader’s Tax Solution will be worth its weight in stock certificates! Thomas A. Bierovic, manager, Strategy Testing & Development, Omega Research, Inc.
I have heeded Ted Tesser’s advice for many years. His background, knowledge, and experience have been invaluable in saving me an enormous amount of money over the years. This book is my bible for financial and tax strategies. Bill M. Williams, PhD., CTA, Professional trader and President, The Profitunity Trading Group.
Taxes can be the largest single expense for a successful trader. Ted Tesser draws on his experience as both a CPA and successful trader to show you how to minimize this expense. This book is clearly written, practical, and comprehensive. Deserves a place on every trader’s bookshelf. Sheldon Knight, President, K-Data, Inc.
Ted Tesser is one of the nation’s foremost experts on investment taxation. In this definitive guide to reducing and even eliminating whole classes of tax exposure, Ted presents a wealth of solid tax strategies that investors and traders will find indispensable. Nelson Freeburg, Editor, Formula Research.