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Books : Trade Your Way to Financial Freedom

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Rating: 1 out of 5 stars - My review will consist of better titles for this book.....
"Trade Your Way to Handing Brokers All Your Money"

"Trade Your Way Into a Tautology"

"Trade Your Way Into a Random Outcome"

"Trade Your Way Into Finding the Magic Cupcake Inside You"

"Trade Your Way Until The Buddha's Third Eye Opens"

"Trade Your Way Into Writing This Same Book In 15 Years After Everyone Has Forgotten It And It Will Seem Fresh Coming From You Even Though Your Returns Are Only Slightly Those Above Trend"



Rating: 5 out of 5 stars - Taking Trading to the Next Level
Beginner or seasoned vet, you need understand what actually makes a success investor. Trade your way to Financial Freedom is very good at showing you many of the aspects of trading such as Position Sizing (so important!!). I bet you will learn something new, I did.



Rating: 1 out of 5 stars - A Waste of Time and Money
This books is at least 90% a waste of the reader's time and money! If you want to learn techinal analysis, indicators and money managment, read Dr. Elder's; and if you want something on psychology, read Mark Douglas.
This book is a perfect example of someone who does NOT trade trying to make himself appear as an expert in order to sell his books and seminars.

Lucy Chen



Rating: 4 out of 5 stars - Dry textbook but has some gems.
I am rating this book 4 stars (higher than it deserves) since it will get you to examine your trading ideas objectively and because it has key ideas that every trader must know. That being said, I must make the following points:
1) The book is unedited. You will read sentences similar to the following: "In this chapter we will look at a key strategy and then add it to what you read in the previous chapter and then later in the next chapter you will remember what you read four chapters ago, and add it chapter 8." Then there will be a sidebar that repeats this verbatim. The entire book could be written in a concise powerful 100 pager that would be an instant classic and sell a zillion copies. Instead, sadly, it will collect dust on shelves everywhere and look impressive in your library but not be read.
2) Key content is held back. You have to read fifty pages of nothing to get one sentence of value and then only a snippet of detail is given. Van Tharp is either too scared to commit his ideas to paper or wants to keep content available for his seminars or workshops (read high priced seminars & workshops).
To sum up: a dry, painful and depressing read; but one you must make to go to the head of the class and pass the exam.
If you want to pretend you read it, just say the following at your next cocktail party. "Yeah, position sizing is important. You can have a profitable system and still lose money like Van Tharp talks about in his book." That's it, I just just saved you 20 hours of reading torture; please send me a check in the mail.



Rating: 1 out of 5 stars - conveys the totally wrong impression about the trading
The sheer arrogance of van Tharp is enough to put me off. The tone of this book and the advice and insight he gives beggars belief. Van Tharp in no way understands the reality of trading, which after horse racing is probably the hardest profession of all. After reading this book I am absolutely sure that if he does try trading he will fail miserably.

Trading is extremely difficult, if not impossible, for most people. It is not a profession for everyone, otherwise everyone would be millionaires. Nor is it a profession to be taken likely, which most people are lead to indirectly believe when they read this book.

My view is that this book tells people what they want to hear, not what they NEED to hear, and I suppose for that reason alone it will sell.


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Disclaimer: Futures, forex, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using these methodologies or systems will generate profits or ensure freedom from losses.

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