Binding: Hardcover
Dewey Decimal Number: 332.632042
EAN: 9780470187722
ISBN: 0470187727
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 296
Publication Date: April 25, 2008
Publisher: Wiley
Sales Rank: 74139
Studio: Wiley

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Editorial Review:

Product Description:
An expert in the field of finance reveals his proven trading system

As a trading coach and financial advisor, Bennett McDowell has used his own proprietary trading system--Applied Reality Trading or ART to enhance the performance of his clients' portfolios. Now McDowell outlines the unique benefits of his system and makes the case for trading the reality--not the fantasy--of financial markets. Readers will discover the importance of simplicity in a trading approach; how to develop "The Trader's Mindset;" how to use ART(r) technical analysis software; and much more. The ART of Trading will enlighten readers in how to use reality to enrich both their financial portfolio and their own financial psychology.




Rating: - Trading with reality, not wishes
This book was very organized and well written. Although the ART software that is referenced in the book is proprietary, the book has abundant and generally useful information on the business and art of trading. The sections on calculating trade size and setting stops are extremely valuable as well as the information on determining what kind of a trader you are (i.e. position trader, day trader, scalper etc.) along with the types of markets to choose.

I highly recommend this book to ... Read More

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Rating: - Complete Trading System
Bennett consolidates his many years of experience to provide a high-level reference for traders. The book refers to the components of a successful methodology as pieces of a pie. For long-term success as a trader, complete and thorough coverage of all are necessary. The chapter on creating a business plan and identifying your own trading "style" are especially good.

The book and DVD videos cover all aspects of the ART methodology. The use of notes directly on the charts provides clarity ... Read More

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Rating: - The One I want
I am a beginning trader that likes to move slow, stay in order and keep things simple. If you are like me I recommend reading this book only after you have first read Bennetts other book 'A Traders Money Management System'. I am currently in the research stage of comparing "trading systems" and first wanted to read 'the The ART of Trading' before trying the system demo. I like how Bennett gives an overview of his system and that it is not overly complex or intimidating. After reading both books I can ... Read More

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Rating: - Must read for all traders
This book is a must read for all traders as it gives an insightfull view of what can be acheived by an applied common sense approach to trade management.
Forget about "black box" systems that make millions (for their purveyors!)
This when followed up with the free trial of the software will change your attitude and lower your stress and confusion levels to a degree which will make you wonder where has Bennett beeen for the last ten years.
You will, if you are smart enough to think a ... Read More

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Rating: - Adding Discipline
I found this book to be an "all you need to know" if you're a trader using the ART system of trading. My biggest problems have always been a lack of discipline in following the rules and the "ability" to always find a reason not to enter trades. With other systems, they usually give guidelines and then a rather long list of all the reasons why this "trade setup" might not work. The ART trading system has been, for me, the simplest rules to follow and have visually - through the patterns shown on the ... Read More

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