- A real trader with real trading experience writing a good bookIt's clear that the author is a real trader with real trading experience. I've gone through the same emotions and same experiences. It's difficult for beginner traders to understand but he lays out what you really need to do to succeed in trading.
Trading is all about probabilities, having a plan, accepting losses (managing risks), doing your homework and having a discipline to follow them.
Rating:
- Excellent. This guy knows his stuff.5 stars, no need to comment. One remark, you need to be familiar with some terminology like short, long, flat, stop sell, limit stop, stop buy, etc etc... If you don't know these terms, go read about them somewhere else before you buy this book. Once you are familiar with the terms, this book is a lot of help on shaping your own investment style. It covers trading in general, but all is valid to the Forex market too. I didn't make more money by reading this book, but I am now able to manage risk better. This book is a safe buy.
Rating:
- Good bookThis is a good book. It discusses so many details in nut shell and make them simple to understand and gives needed examples.
Rating:
- An excellent read-Newbies this is a must for you!!!This is a must read for futures traders. Mr. Carter is a successful trader who breaks this down into easy to understand trading setups. If you are a newbie to trading this is A MUST!!! New traders should learn any terminology they don't understand and hit this hard.
Rating:
- Very Readable, Great StuffI must admit, this is a great book. Good for the intermediate trader, as well as a fairly knowledgeable beginner. I think the main point I should stress is that this guy is actually a good writer. Often, trading books are dull as paint, particularly Technical Analysis books. Not so this book.
My one issue is that after trying a few of the trading system examples on paper over a period of a week, they are frequently subject to failure. But as I read in a different review earlier today, someone noted that "once a system is out, it is effectively dead". I can see that point. So remember to adapt these systems to your trading style. Also, remember there is no sure thing in the markets.
