- Its the most honest and real thing to trading that you can getI practically read through all the reviews (was a bit bored) and felt obliged to do justice and give answers to some of the reviewers who felt that this book was not their cup of tea, as well as give future readers what to expect.
First of all, if you've been trading like me, then you'll find this very useful for intra day and swing. Either way the author describes clearly as to how he approaches each trade and provides the charts to prove it. Sure not everything is a 100% guarantee but JC has a 6% failure rate and this is mostly through discipline as well. In order to make money, you have to first suffer and pay the tuition fee just like anything else, the same goes for trading. If you're not willing to take the risk, then you won't make any money. This book has helped improve my discipline and approach towards trading.
Secondly, he does make money and he is rich but you have to remember that diversifying is important and he's just making a new business from book writing and his online websites. I feel the prices charged are fair and he does provide free videos if you'd like to test them. For the videos, it will sometimes show him doing live trades but mostly how he goes analyzing the current market trends. Really informational and good.
Thirdly, the trading techniques and strategies provided are very detailed and helpful to the trader starting out, veterans, and maybe the pro's. Everyone has their own favourites and style so obviously there are a few I don't pick myself.
Overall, if you really trade or are interested in trading, I'd recommend this book and check his website too. You won't get anyone more bluntly honest about his trading and life.
Rating:
- Book explains mechanics of trading very good.However if any of Carters trading systems where all that great I'm sure he would not be selling a book he would be making a living trading and him and Warren Buffet would be drinking buddies think about it. Take his Scalper Buys and Scalpers Sells technique maybe it worked in 2005 before the volitility jumped up but I'll bet it won't work now.
Rating:
- Too many incongruencesI have just bought this book. Went to Chapter 8 and study it deeply. I challenge anyone to understand the strategy explained as there are many incongruence between what explained and the example charts. How can a trading book be confusing?
Do not trust my opinion? I challenge anyone to find chapter eight congruent. I challenge anyone.
Suggestion: do not buy this book.
Rating:
- ExcellentWell rounded book on trading for people to gain an overview of all markets. The best ones like this are by those who actually trade.
This is one of the first I read as a beginner, where some of the things were over my head but still held a lot of interest. Re-reading it now brings out the full benefit. Great book.
Rating:
- Anyone knocking this book does not trade daily.When I first heard the reviews of John Carter's Book ,I was a bit confused. Some people said the book was great, some said it sucks. Then I bought the book and read it. This book is a very good look at trading from top to bottom and in the middle. The people that are dogging this book must not trade at all period. These are very simple and easy strategies to follow with examples to support. PLEASE BACKTEST and USE TIGHTER STOPS, because the guy is either filthy rich or got balls of steel....I am sure Carter did not put a lot of his losers in the book but he did put some. I find it sad that people dog this guy so much. Yeah, he is greedy..very greedy, but his products are what they are, GOOD. My only complaint is his DVD's are 2400.00 and his open software indicators are copied from the Tradestation library and are 1600.00. ALL in all he has a great book and a good website with a free trial that is only 14 bucks. He has some excel downloads worth that alone. Buy this book if you want to day trade or get a better perspective of other succesful traders. You will learn a lot. Try to buy his other products 2nd hand they are too HIGH. If the guy's products wasn't so high he would be a lot more popular and respected. He has been called a snake oil salesman. He is not that,he is just a greedy salesman and a helluva trader... Great Book on trading!!!!!!!!!
