Pattern Recognition and Trading Decisions

Title: Pattern Recognition and Trading Decisions
Sub Title: none
Author: Chris Satchwell
Publisher: McGraw-Hill
Year: 2004 (October 15)
Pages: 352
ISBN: 0071434801 / 9780071434805
Format: Hardcover
Description:
Success in technical analysis is all about recognizing, and quickly acting on, patterns of market behavior. Pattern Recognition and Trading Decisions shows active traders how to realize when a pattern is developing, distinguish between a genuine pattern and a misleading series of events, and apply this recognition for success in specific trading situations. A how-to guide that steers clear of difficult calculations and formulas, this dynamic book--from an author tabbed "far ahead of anyone else" by technical analysis guru Martin Pring--is destined to be on the desktop of every serious technical trader.

About the Author:
Chris Satchwell is the chief economist for Recognia, a Web-based chart analysis provider for online brokers, including E-Trade.

Essential Technical Analysis

Title: Essential Technical Analysis
Sub Title: Tools and Techniques to Spot Market Trends
Author: Leigh Stevens
Publisher: John Wiley & Sons, Inc.
Year: 2002 (March 22)
Pages: 308
ISBN: 047115279X
Format: Hardcover
Description:
The discipline of technical analysis–hearing the message of the market through price movements–is a valuable tool for making profitable trading and investing decisions. Once you understand the concepts and techniques of technical analysis, your view of the market and how you trade or invest within it will be forever changed.
Essential Technical Analysis: Tools and Techniques to Spot Market Trends is a simple, accessible, and straightforward introduction to technical analysis. Whether you’re a short-term trader or die-hard investor, respected technical analyst and CNBC affiliate Leigh Stevens will show you how to use this popular stock, bond, and futures trading technique to make money in both up and down markets.
Essential Technical Analysis demystifies technical analysis for the beginner. You’ll become familiar with basics such as trends, chart patterns, and price and volume indicators, and you’ll learn how to put them all together so you can begin to consistently lock in profits. Numerous examples, based primarily on stocks, and clear explanations provide a solid framework for using technical analysis to better understand the dynamics of market movements and trends.
In Essential Technical Analysis, Leigh Stevens’s real-world experiences using technical analysis shine through and fill these pages with useful tips, tools, and techniques that have been consistently accurate and profitable over the years.
In-depth coverage includes:

• An introduction to and rationale for the technical analysis approach
• A discussion of the basic concepts of technical analysis: trends, trendlines, and trading
• Price and volume basics: chart types and price scales
• A description of the most common technical indicators–moving averages and oscillators
• A guide to creating a market strategy with confirmation and divergences
• Specialized forms of technical analysis and trading methods–seasonality in the markets, basic market concepts of W. D. Gann, Elliott Wave analysis, and trading systems

The goal of Essential Technical Analysis is to provide you with the most useful and practical techniques that could increase the profitability of your investing and trading activities. With this comprehensive guide at your side, you’ll learn how to use technical analysis and begin to make informed and accurate decisions that will boost your trades and investments in any market.

Praises for the Book:

"Essential Technical Analysis is a highly valued resource for technical traders. The importance of comprehensive and well-researched market behaviors, indicators, and systems were well expressed graphically with many examples. No technical analyst should be without this book. Stevens’s book could become another classic."--Suri Duddella, President of siXer.cOm, inc. (Forbes magazine’s "Best of the Web" in Technical Analysis Category)

"Essential Technical Analysis will give the new student of technical analysis a good overview of both classical chart patterns and a myriad of technical indicators, but so will many other texts. What sets this volume apart is that it presents the subject in the context of real-world trading situations, not idealized well-chosen examples. Books on technical analysis, especially those aimed at novices, are typically filled with charts in which the selected patterns are both unambiguous and work perfectly. As Leigh Stevens recognizes and confronts, however, the real world is a far more sloppy place: charts may often contain conflicting indicators, and patterns don’t always work as described. Reading Essential Technical Analysis is like sitting beside a veteran technical analyst and having him describe his methods and market experiences."--Jack Schwager, author of Market Wizards, Stock Market Wizards, and Schwager on Futures

"Leigh Stevens’s depth of experience, acquired over many years, has generated a deep understanding of, and commitment to, the discipline of technical analysis. He is also one of those rare individuals who have both the ability to convey the essence of his ideas in a wonderfully simple and straightforward way and through the use of personal anecdotes and experiences. There are not many people around who can both walk the walk and talk the talk."--Tony Plummer, author of Forecasting Financial Markets, Director of Rhombus Research Ltd., and former Director of Hambros Bank Ltd. and Hambros Investment Management PLC

"Leigh Stevens brings his considerable years of experience to this project. He has crafted a real-world book on technical analysis that gives you the benefit of his trials and errors as well as 120 years of observations and market wisdom from Charles Dow to the latest indicators and approaches. Investors who suffered from the bursting of the technology bubble in 1999 and 2000 should read Essential Technical Analysis from cover to cover and learn to apply the lessons to the next market cycle." --Bruce M. Kamich, CMT, past President of the Market Technicians Association and Adjunct Professor of Finance at Rutgers University and Baruch College

About the Author:
Leigh Stevens is a respected and well-known technical analyst. After spending years as an analyst at Dow Jones Telerate and PaineWebber, he joined Cantor Fitzgerald as Vice President of Equity Sales and Trading Division. In addition to his other duties, he wrote technical analysis commentary and trading suggestions for the Cantor Morning News Web. Stevens currently writes for his own essentialtechnicalanalysis.com service. Prior to this, he wrote the popular "Stevens on Technical Analysis" column on CNBC.com where he provided analysis and stock-specific answers to reader questions in his "Mailbag" column.

Author Website: www.essentialtechnicalanalysis.com

Encyclopedia of Chart Patterns

Title: Encyclopedia of Chart Patterns
Sub Title: none
Author: Thomas N. Bulkowski
Publisher: John Wiley & Sons, Inc.
Year: 2005 (May 2)
Pages: 1032
ISBN: 0471668265 / 9780471668268
Format: Hardcover
Description:
The Encyclopedia of Chart Patterns, recognized as the premier reference on chart pattern analysis, extends its lead with this Second Edition. This definitive text includes new bull and bear market statistics, performance sorted by volume shape and trend, more than a dozen additional chart patterns, and a new section covering ten event patterns. Significant events—such as earnings announcements, stock upgrades and downgrades—shape today's trading, and Bulkowski gives readers the best information on what happens after those events occur. He also shows you how to trade them and uses reliable statistics to back it all up.
In each chapter of Encyclopedia of Chart Patterns, Second Edition you'll learn the following about each pattern:

• Results Snapshot—A statistical summary of pattern behavior, including its performance rank, breakeven failure rate, average rise or decline—all separated by breakout direction and market type (bull or bear)
• Tour—A broad introduction to the pattern
• Identification Guidelines— Characteristics to look for
• Focus on Failures—What failed patterns look like, why they failed, and how to avoid them
• Statistics—The numbers and what they tell you, separated into bull/bear markets and breakout direction, including average rise or decline, failure rates, volume shapes, performance by size, and busted pattern performance
• Trading Tactics—Strategies to increase profits and minimize risk
• Sample Trade—Puts it all together, showing the chart pattern in action, with hypothetical or actual trades using real data
• For Best Performance—A table of selection tips to boost performance

Encyclopedia of Chart Patterns, Second Edition also includes summary tables ranking chart- and event-pattern performance for easy reference; a glossary; a chapter on methodology explaining what each statistical table entry means and how it was calculated; and a visual index to make chart pattern identification a snap.
The result is today's most comprehensive and valuable technical analysis reference—one that will save you critical time in identifying chart patterns and increase your likelihood of buying near the price bottom and selling near the top.

In this revised and expanded second edition of the bestselling Encyclopedia of Chart Patterns, Thomas Bulkowski updates the classic with new performance statistics for both bull and bear markets and 23 new patterns, including a second section devoted to ten event patterns. Bulkowski tells you how to trade the significant events -- such as quarterly earnings announcements, retail sales, stock upgrades and downgrades -- that shape todays trading and uses statistics to back up his approach. This comprehensive new edition is a must-have reference if you're a technical investor or trader.

Praises for the Book:

"The most complete reference to chart patterns available. It goes where no one has gone before. Bulkowski gives hard data on how good and bad the patterns are. A must-read for anyone that's ever looked at a chart and wondered what was happening."--Larry Williams, trader and author of Long-Term Secrets to Short-Term Trading

"Chart patterns are the basics behind most trading methods, and this book is a great achievement in a highly useful format. Bulkowski has taken an intelligent and thoughtful approach to producing a practical guide to understanding and trading chart formations."--Perry Kaufman, author of New Trading Systems and Methods and A Short Course in Technical Trading

"Not since Edwards and Magee has someone put together so comprehensive an assemblage of market behavior expressed graphically. No chartist should be without this book."--John Sweeney, Interim Editor Technical Analysis of Stocks & Commodities

"Encyclopedia of Chart Patterns . . . is a valuable contribution to the existing literature on charting and should be considered an indispensable reference by any serious chart trader."--Edward D. Dobson, President, Traders Press, Inc.

"Meticulously researched, complete, and insightful, the Encyclopedia has earned a permanent place on my trading desk as a highly valued resource."--Thomas A. Bierovic, Manager, Strategy Testing & Development, Omega Research, Inc.

About the Author:
Thomas N. Bulkowski is a successful investor with twenty-five years of experience trading stocks. He is also the author of Trading Classic Chart Patterns (Wiley), and contributing writer to Active Trader; Stocks, Futures & Options; Technical Analysis of Stocks & Commodities; and other magazines. Before earning enough from his investments to "retire" from his day job at age thirty-six, Bulkowski was a hardware design engineer at Raytheon and a senior software engineer for Tandy Corporation.

Candlestick & Pivot Point Trading Triggers

Title: Candlestick & Pivot Point Trading Triggers
Sub Title: Setups for Stock, Forex, and Futures Markets
Author: John L. Person
Publisher: John Wiley & Sons, Inc.
Year: 2006 (November 3)
Pages: 368
ISBN: 0471980226 / 9780471980223
Format: Hardcover
Description:
With instant electronic market access and powerful financial tools at their disposal, today's "technician"—one who practices the art of technical analysis—has more opportunities than ever before to profitably trade in a variety of markets. But in order to truly excel, you need a method that will allow you to identify market moves, and strategies that will allow you to make the most of those moves.
John Person has been in the trading business for almost thirty years—as a broker, a trader, and a teacher of traders. During this time, he's refined his trading skills and, by using candlestick formations in conjunction with pivot points, developed a reliable methodology that will help you make smarter trades with less risk.
In his first book, A Complete Guide to Technical Trading Tactics, Person introduced traders to the concept of integrating candlestick charting with pivot point analysis. Now, in Candlestick and Pivot Point Trading Triggers, he goes a step further and shows you how to devise your own setups and triggers—in the stock, forex, and futures markets—based on a moving average approach.
Filled with in-depth insights and expert advice, this comprehensive guide:

• Examines the methodology of pivot point analysis and how it can be applied to different markets
• Shows you what to look for when reading candlestick charts and why you should rely on price rather than indicators
• Discusses how to find certain setups and explains what triggers a call to trading action
• Walks you through the various types of stop orders, including when and where to place them
• Illustrates how back testing your methods can help uncover the strengths and weaknesses ofyour system

Person also fully discloses some of his proprietary setups, such as the high close doji, the low close doji, and the jack hammer pattern, complete with rules on the entries and exits to help you identify high probability trades.
With the tools and techniques outlined in this book—which includes a companion CD-ROM that contains Person's own Pivot Point Calculator and an instructional presentation on how to use it—you'll be able to put together a trading plan that consistently helps you yield profits.

Praises for the Book:

"Candlestick and Pivot Point Trading Triggers provides traders the opportunity to better apply a combination of two techniques that are often used independently. The breadth of information offered here will make any trader anxious to attempt combining candlestick patterns and pivot points."--Jayanthi Gopalakrishnan, Editor, Technical Analysis of Stocks & Commodities magazine

"Whether you are a novice or a seasoned trader, this is a MUST-read book! In the ocean of trading books available today, this one is quite unique. It contains the blueprint for achieving success in trading stocks, futures, and forex. Don't just read this book and put it on a shelf—use it as a trading plan, strategy, and exact set of steps you need to take to achieve the same results John has had trading stocks, futures, and forex."--Mona Khan, President, Forex Traders Association

"This is an excellent and original book. It's the definitive work on the complex subject of pivot point trading and a must-read for all equity, futures, and currency traders."--Alan Farley, Editor and Publisher, Hard Right Edge, www.hardrightedge.com

"This is a highly valuable trading manual. John takes his readers on an educational journey that is well organized, informative, and compelling. His explanations of candle patterns and pivot analysis, applied to various markets, are extremely insightful. This book serves as a wonderful resource to all traders who want to increase their profit potential and success!"--Toni Turner, President, TrendStar Trading Group, Inc. author of A Beginner's Guide to Day Trading Online, A Beginner's Guide to Short-Term Trading, and Short-Term Trading in the New Stock Market

About the Author:
John L. Person, CTA, is President of Nationalfutures.com, a professional advisory service, and President of J&B Capital Management. In 1998, he developed his own proprietary trading system and began publishing The Bottom-Line Financial and Futures Newsletter, a weekly commodity publication that incorporates fundamental developments as well as technical analysis that includes the data from his trading system, using pivot points combined with candlesticks. Person has appeared regularly on CNBC and is widely quoted by Reuters and MarketWatch from Dow Jones. He has also written many articles for publications such as Futures magazine, Active Trader, and SFO, among others.

Author Website: www.nationalfutures.com

A Short Course in Technical Trading

Title: A Short Course in Technical Trading
Sub Title: none
Author: Perry J. Kaufman
Publisher: John Wiley & Sons, Inc.
Year: 2003 (June 25)
Pages: 336
ISBN: 0471268488 / 9780471268482
Format: Paperback
Description:
Learn to trade using technical analysis, market indicators, simple portfolio analysis, generally successful trading techniques, and common sense with this straightforward, accessible book. Essentially a course in making money, A Short Course in Technical Trading teaches proven long- and short-term trading techniques (with an emphasis on short-term), covering basic indicators and how you can best use them to your advantage.
The book includes a trading game so you can trade along with the lessons, posing likely problems that you'll encounter once trading begins. As trading becomes more complicated, so do the problems..
You'll get a running start as a trader with usage tips on the most popular trading tools. A Short Course in Technical Trading is unlike any other book on the market and is available at a convenient low price.

Text provides an introduction to technical trading; based on a graduate course taught by the author at Baruch College in the Spring of 2002. Topics include charting the trend, breakout trends, calculating the trend, the trading game, and controlling the risk of a trade. For graduate students. Includes chapter questions, and review questions and answers. Softcover.

Praises for the Book:
"In trading, timing is everything, and now is the time to read this excellent and easy-to-follow book on technical trading systems by Perry Kaufman. He shares his trading tips, insights, and sound advice. He takes you from his rules on price to the recognition of trends and the importance of breakouts. Enjoy this book and find out why trading systems work and which ones work the best."--Ralph J. Acampora, CMT. Director of Technical Research, Prudential Securities, Inc.

"Investors and traders who have been battered by the markets in recent years may find themselves saying, ‘There must be a better way.’ There is: systematic trading. In this timely book Perry Kaufman provides an excellent introduction to the world of systematic trading, where rules–not emotions–rule."--John Bollinger, CFA, CMT. Founder, www.BollingerBands.com

"This book is a terrific basic text for those who are looking for a clear and concise introduction to technical analysis. Of great value are the personal insights of the author, a noted authority on the development of trading systems."--David Krell, President and CEO International Securities Exchange, Inc.

About the Author:
Perry J. Kaufman is a leading expert in trading systems and the developer of successful investment programs for over thirty years. He is actively involved in the practical analysis needed to support international investment management. Kaufman is the author of Trading Systems and Methods, 3rd Edition (Wiley) as well as eight other books. He has published numerous articles in Technical Analysis of Stocks & Commodities, Futures Industry, and Futures magazine. This book is the result of a graduate course taught at Baruch College in the Spring of 2002. Mr. Kaufman can be reached at pjk@perrykaufman.com.

A Complete Guide to Technical Trading Tactics

Title: A Complete Guide to Technical Trading Tactics
Sub Title: How to Profit Using Pivot Points, Candlesticks & Other Indicators
Author: John L. Person
Publisher: John Wiley & Sons, Inc.
Year: 2004 (April 21)
Pages: 288
ISBN: 047158455X / 978-0471584551
Format: Hardcover
Description:
Are you looking for time-tested trading techniques that professional stock index and futures traders use?
Futures and options markets can be profitable arenas for both novice and experienced traders. But to come out on top, you must have a solid understanding of the markets, the technical tools used to trade them, and yourself.
After twenty-five years as abroker, trader, and educator in the futures and options field, John Person has associated with trading legends and manysuccessful traders and witnessed firsthand their strategies for success. Out of these real-time experiences, he shares the valuable insights you will find in A Complete Guide to Technical Trading Tactics. Novice and experienced alike will gain a better understanding of the mechanics of the markets and methodologies that work.
Person demonstrates multiple trading methodologies using pivot point analysis and shows you how you can implement these key calculations with other methods and indicators. To understand this approach, you don’t have to abandon your knowledge of traditional technical analysis techniques. All you have to do is be open to integrating the theories to help you confirm, validate, and identify entry and exit points when trading.
By learning how to better integrate elements of market analysis such as time and price, you’ll be ready to trade with confidence and achieve success. The proven methodologies that are discussed from the technical side include:

• Pivot points–a leading price indicator that is based on price points using different time frames
• Cycle analysis–which deals with predicting market turning points based on time
• Candle chart patterns–which are based on price relationships between the open, high, low, and close including past chart points such as old highs or lows
• Fibonacci ratio corrections and extension studies–which are based on past price points
• Mental thought processes–the last and maybe the most important aspect of trading, which will help you evaluate your psychological makeup and overcomerough spots to stay focused when trading

If you are to trade successfully, you need to understand that it requires hard work, discipline, and, above all, that you remain focused with the use of methodologies that pinpoint opportunities and help you take control of your emotions. A Complete Guide to Technical Trading Tactics will go a long way toward accomplishing these goals.

Praises for the Book:
"John Person does an excellent job of explaining how to apply technical analysis to the futures markets. Since futures trading is short-term in nature, it demands precision timing tools. A lot of those tools can be found in this new book."––John Murphy author of Technical Analysis of the Financial Markets and Intermarket Analysis

"Easy to read and easy to follow, A Complete Guide to Technical Trading Tactics is a book traders will love."––Larry Williams Legendary trader and author of Day Trade Futures Online and Long-Term Secrets to Short-Term Trading

"A Complete Guide to Technical Trading Tactics is replete with useful trading tips in a logical format, presented by a seasoned trader with a flair for telling it like it is . . . sure to enrich your pocketbook."––Larry Pesavento 40-year veteran trader and former member of the CME

"There is a Japanese proverb: ‘He whose ranks are united in purpose will be victorious.’ This book skillfully reveals how to join the most important aspects of technical analysis including my favorite (of course) candlesticks. Covers the spectrum from market mechanics to chart analysis, pivot points (John’s specialty), order placement, and much more. Use this book! It will help you along the road to victory in your trading battles."––Steve Nison, CMT
President, Candlecharts.com and author of Japanese Candlestick Charting Techniques and The Candlestick Course

"Brilliantly provides succinct descriptions and applications of technical trading techniques, gives a solid overview of the derivatives market, shows how to identify and work with a broker, and presents issues that a trader must face to be successful. A must-read for traders at all experience levels."––Daniel M. Gramza. President, Gramza Capital Management, Inc.

"John Person provides readers the most valuable commodity they can buy on any exchange: the benefit of his vast knowledge and experience related to trading. His analysis and discussion of pivot points is an especially valuable contribution to trading literature."––Edward D. Dobson. President, Traders Press, Inc.

About the Author:
John L. Person is a registered Commodity Trading Advisor who publishes The Bottom Line Financial and Futures Newsletter, a weekly publication.John hosts his own financial radio show where he interviews some of the country’s top analysts and traders. These interviews are archived on his Web site www.nationalfutures.com. He is widely quoted by CBS Market Watch,Reuters, Dow Jones Newswires, Bloomberg, the BBC, Futures magazine,and appears as a guest onCNBC. He teaches these techniques atsome of the country’s leading investment expos andconducts seminars from coast to coast. He was invited by the Chicago Board of Trade to contribute his daily market commentaries, which can be found at www.cbot.com/dow.

Warrior Trading

Title: Warrior Trading
Sub Title: Inside the Mind of an Elite Currency Trader
Author: Clifford Bennett
Publisher: John Wiley & Sons, Inc.
Year: 2006 (March 3)
Pages: 172
ISBN: 0471772240 / 9780471772248
Format: Hardcover
Description:
Today's global financial markets are every bit as vicious psychologically, and sometimes even physically, as the battles the great warriors throughout history have faced. Just as the warriors of old rode out to battle with the confidence and knowledge to conquer new lands and foes, so do the warriors of the market who thrive on the battleground of the trading floor.
In Warrior Trading, Clifford Bennett, one of today's leading currency forecasters, outlines a path to trading success by highlighting the characteristics, the knowledge and skills, and the psychological state of mind required to be a true warrior trader. You'll be introduced to some fresh and unique perspectives regarding the markets, by looking at fundamental and technical analysis, as well as discovering how best to trade within the markets as an individual. Most importantly, you'll learn how to take advantage of those moments when the perceptions of most traders (the herd) are at odds with the underlying reality—moments when fear, greed, and other emotions wreak havoc on the ordinary trader's ability to operate objectively.
Divided into three comprehensive parts, Warrior Trading will show you how to develop the focus, attitude, and mental discipline of a top trader so that you can make the most out of your time in the markets.

Among the scores of traders in the world today, there is an elite group who consistently amass immense fortunes. It is these individuals, and the stories of their wealth, that inspire millions around the globe to participate in the financial trading arena. This elite group—through focused effort, a constant search for knowledge, immense courage, and concentrated determination—wins out over the throngs of lesser traders. Those who are part of this elite group are known as warrior traders.
After more than twenty years of trading in global financial markets and discussing the markets with thebest warrior traders from New York to Switzerland, author Clifford Bennett has learned a great deal. Now, for the first time, he reveals what it means to be a warrior trader—taking you on a journey through the characteristics, the knowledge and skills, and the psychological state of mind required to be a true warrior trader.
Warrior Trading turns some broadly accepted economic principles on their heads as it presents both a practical and psychological approach to trading in the world's financial markets. In it, the market is viewed as a battleground upon which only a few great warriors are victorious. And it is these warrior traders who make the level of profits we all desire.
Here, you'll be introduced to some fresh and unique perspectives regarding the markets, by looking at fundamental and technical analysis, as well asdiscovering how best to interact and trade within the markets as an individual. Most importantly, you'll learn how to take advantage of those moments when the perceptions of most traders (the herd) are at odds with the underlying reality—so you can score big in any market. Divided into three comprehensive parts, Warrior Trading provides you with a path to trading success through detailed discussions of many topics, including emotional price action; the power of market positing; and the importance of how global economic forces are impacting the markets.
Filled with in-depth insight and expert advice, Warrior Trading will help you understand how markets actually operate in the real world and show you how to trade not just to make a living, but to possibly make a fortune time and time again.

About the Author:
Clifford Bennett is internationally respected as an insightful commentator and strategist on global economic trends and foreign exchange markets. He is the founder of FxMax (www.fxmax.com), a Web site that provides subscribers with recommended trades in the currency market. Prior to founding FxMax, Bennett was senior FX strategist (Asia) for a global investment bank based in Singapore. He is a highly sought after commentator, appearing regularly on international business television programs and speaking at international conferences.

Author Website: www.fxmax.com

The Psychology of the Foreign Exchange Market

Title: The Psychology of the Foreign Exchange Market
Sub Title: none
Author: Thomas Oberlechner
Publisher: John Wiley & Sons, Inc.
Year: 2004 (December 7)
Pages: 278
ISBN: 047084406X / 9780470844069
Format: Hardcover
Description:
This book offers a fascinating understanding of the decisions that determine exchange rates. It sheds light on the psychology behind spectacular market phenomena as well as on subliminal processes in daily trading decisions.
In an understandable and engaging analysis of his research with many of the world's leading market participants, Thomas Oberlechner draws on the first-hand expertise of the professionals whose decisions shape the market. Expanding the field of behavioral finance, The Psychology of the Foreign Exchange Market incorporates new insights from a variety of psychological perspectives - ranging from social market dynamics; the role of affects and intuition in trading decisions; cognitive biases of traders; psychological risk-taking phenomena; subjective attitudes in market expectations; the interdependent relationship between trading institutions and the financial news media; the dynamics of market rumors, and personality characteristics of successful traders; to the role of metaphors in the decisions of participants and the nature of the market.

Praises for the Book:
"Economists propose elegant theories and sophisticated models to explain exchange rates, but to no avail. Traders, however, enjoy uncommon success in these markets. The difference is psychology. Economists deny it. Traders exploit it. And Thomas Oberlechner explains it – very skilfully. Whether you want to be a better economist or a better trader, read this outstanding book!"--Mark Kritzman, Windham Capital Management Boston, LLC

"Finally, a book that helps us to understand the dynamics of the largest market in the world. As petrodollars and financial trade foreign exchange transactions gave way to pure trading for profit and speculation, it was often difficult to ascertain the dynamics of trading. Thomas Oberlechner has provided an excellent understanding in this book."--Marshall N. Carter, Chairman/CEO (retired), State Street Bank and Trust Co., Boston

"Financial markets, with their interaction of economic and psychological mechanisms, increasingly attract researchers’ and practitioners’ interests. Thomas Oberlechner brilliantly examines financial markets by taking a psychological perspective. This splendid book impresses by its detailed research and provides a thorough understanding of the complex yet attractive mechanisms of financial markets."--Professor Erich Kirchler, Institute for Psychology, University of Vienna

"Thomas Oberlechner has pulled together an astonishing array of first-rate research on how financial markets are shaped and shifted through all-too-human interaction and decision. Moreover, he has contributed a good deal of highly original research into the workings of the foreign exchange market and on the people who build and sustain this market. The Psychology of the Foreign Exchange Market summarizes in a most readable way what we know about the people - traders, analysts and journalists - who make markets and whose everyday decision making has, to say the least, far ranging social consequences. A ‘must read’ for anyone who wonders about the seemingly unfathomable mysteries of exchange rates and the making of markets."--John Van Maanen, Erwin Schell Professor of Organization Studies, MIT

About the Author:
Thomas Oberlechner is Professor of Psychology at Webster University. He was trained in Vienna and at Harvard University, where he wrote this book as a visiting scholar. His research on psychological aspects of financial markets has appeared in numerous academic journals in psychology and finance.

The Forex Chartist Companion

Title: The Forex Chartist Companion
Sub Title: A Visual Approach to Technical Analysis
Author: Michael Duane Archer & James Lauren Bickford
Publisher: John Wiley & Sons, Inc.
Year: 2007 (February 2)
Pages: 384
ISBN: 0470073934 / 9780470073933
Format: Paperback
Description:
The foreign exchange (Forex) market has quickly become the market of choice for traders looking to increase their profit potential. The combination of high liquidity and low transaction costs—as well as twenty-four-hour accessibility—has attracted the attention of both new and veteran traders.
In The Forex Chartist Companion, authors and active Forex traders Michael Archer and James Bickford provide a visual window into the behavior of the Forex market along with detailed information on the mechanics of day trading, market entry timing, and much more. With this book as your guide, you'll not only become familiar with innovative software and charting systems that provide a graphical interpretation of the markets, but you'll also discover how to instantly see patterns throughout those markets.
Divided into six comprehensive parts, The Forex Chartist Companion:

• Details Forex-specific charting techniques
• Illustrates the use of point and figure charting in conjunction with Forex trading
• Explores Forex swing charting
• Outlines a variety of Western and Japanese reversal charts—from pivot charts to Kagi charts
• Examines the actual trading system of veteran futures guru Charles Goodman

Filled with numerous charts—annotated with Archer's insight into the material—and in-depth information regarding charting theory, The Forex Chartist Companion will help serious traders use technical indicators to enter this market with confidence and exit with profits.

About the Author:
Michael Duane Archer has been an active commodity futures and Forex trader for over thirty years. He has worked in various advisory capacities, notably as a commodity trading advisor and a SEC-registered investment advisor. Archer operates www.fxpraxis.com and is a professional Forex money manager. He is also the author of Getting Started in Currency Trading, which is also published by Wiley.
James Lauren Bickford began trading in commodity futures in the early 1980s. Since 2001, he has focused his investment efforts solely on trading spot currency pairs via online Forex dealers. Bickford's academic background is in computer science, mathematics, and statistics. By profession, he has been a software engineer for nearly three decades.

Author Website: www.fxpraxis.com

Currency Strategy

Title: Currency Strategy
Sub Title: The Practitioner's Guide to Currency Investing, Hedging and Forecasting
Author: Callum Henderson
Publisher: John Wiley & Sons, Inc.
Year: 2006 (June 5)
Pages: 264
ISBN: 0470027592 / 9780470027592
Format: Hardcover
Description:
Following the success of the first edition, this second edition includes important new material: a Preface to the Second Edition, additional sections for Chapters 7, 8 and 9 on the Real World of the Currency Market Practitioner, and a new Chapter 11 – Emerging World: New Growth Markets for Global FX.

The global foreign exchange market continues to go from strength to strength, defying those who predicted its demise after the launch of the Euro. However, within this, new Emerging Markets show the greatest potential for growth. This second edition examines in detail the very latest trends in this field, providing important insights for currency market practitioners on regions such as Asia, which may hold the key to the market’s development in years to come.
John Maynard Keynes’ reference to the ‘animal spirits’, that elemental force which drives financial markets in herd-like fashion, was applied to the stock market. However, he might as well have been referring to the currency market, for the term sums up no other more perfectly. A market that is volatile and unpredictable, a market that epitomizes such a concept as the ‘animal spirits’, surely requires a very specific discipline by which to study it.
This is precisely what Callum Henderson does in this eminently practical and readable book. He provides an analytical framework for currency analysis and forecasting, combining long-term economic valuation models with market-based valuation techniques to produce a more accurate and use-friendly analytical tool for the currency market practitioners themselves.

About the Author:
Callum Henderson is Head of FX Strategy for a leading international bank, based in Singapore. A wide-quoted authority of both emerging and currency markets, Mr Henderson has spent the past 16 years in the financial markets in various capacities and has written articles for many leading financial journals and given seminars around the world on global currency markets.
Mr Henderson is the author of three previous books covering the Asian economic story: the bestseller Asia Falling, China on the Brink (awarded Best Business Book of 1999 by the Library Journal of the US) and Asian Dawn.

Charting the Major Forex Pairs

Title: Charting the Major Forex Pairs
Sub Title: Focus on Major Currencies
Author: James Lauren Bickford & Michael Duane Archer
Publisher: John Wiley & Sons, Inc.
Year: 2007 (May 4)
Pages: 240
ISBN:0470120460 / 9780470120460
Format: Paperback
Description:
Financial markets tend to move in patterns, and being able to visualize and analyze those patterns can provide you with a powerful and profitable advantage—especially in the foreign exchange market. Nobody knows this better than active Forex traders Michael Archer and James Bickford.
Now, with Charting the Major Forex Pairs, they'll show you how to make the most of your time in this market by using technical analysis to study and chart today's most commonly traded currency pairs.
Written in a straightforward and accessible style, this comprehensive guide opens with a professional overview of the little-known characteristics unique to spot currency data, as well as a detailed discussion of the mathematical and statistical tools that facilitate the visual approach to technical analysis. After addressing these important issues, Charting the Major Forex Pairs quickly moves on to examine the essential elements of the five most frequently traded Forex currency pairs—the U.S. Dollar, the Euro Currency, the British Pound, the Swiss Franc, and the Japanese Yen—and illustrate how you can use annual, monthly, and composite charts to profit from them. Along the way, you'll also be introduced to the concept of cross rates—any currency pair in which neither the base currency nor the quote currency is the U.S. Dollar—and comparative studies that analyze the correlation of spot currency prices to futures prices and precious metals.
Ideal for currency and futures traders with a reasonable degree of experience in the foreign exchange markets, Charting the Major Forex Pairs will enhance your chances of success in this field.

About the Author:
James Lauren Bickford began trading in commodity futures in the early 1980s. Since 2001, he has focused his investment efforts solely on trading spot currency pairs via online Forex dealers. Bickford's academic background is in computer science, mathematics, and statistics. By profession, he has been a software engineer for nearly three decades. Bickford is also coauthor of Getting Started in Currency Trading and The Forex Chartist Companion, both published by Wiley.
Michael Duane Archer has been an active commodity futures and Forex trader for over thirty years. He has worked in various advisory capacities, notably as a commodity trading advisor and an SEC-registered investment advisor. Archer operates www.fxpraxis.com and is a professional Forex money manager. He is also the author of Getting Started in Forex Trading Strategies and coauthor of Getting Started in Currency Trading and The Forex Chartist Companion, all published by Wiley.

Author Website: www.fxpraxis.com

Beat the Odds in Forex Trading

Title: Beat the Odds in Forex Trading
Sub Title: How to Identify and Profit from High-Percentage Market Patterns
Author: Igor Toshchakov (L.A. Igrok)
Publisher: John Wiley & Sons, Inc.
Year: 2006 (July 28)
Pages: 224
ISBN: 0471933317 / 9780471933311
Format: Hardcover
Description:
Longtime Forex traders know they will never achieve certainty of profit. The best they can hope for is to trade uncertainty for a proven system and a reliable combination of recurring patterns.
Beat the Odds in Forex Trading shows you how to replace fickle predictive formulas with tangible market chart patterns to dramatically augment your Forex trading results. In this book, skilled currencies trader and trainer Igor Toshchakov (L. A. Igrok) details his Igrok Discrete-Systematic Method, the straightforward and accurate system that allows you to enter and exit the market according to clear-cut mechanical rules instead of vague hunches and emotional guesswork.
With the Igrok Method, you use measurable statistical signals to estimate the probability that a market will move in a given direction at a given moment. Beat the Odds in Forex Trading walks you step-by-step through this proven powerful method so you can:

• Set aside fundamental considerations that underpin Forex fluctuations to focus on strategies to profit from those fluctuations
• Eliminate the necessity of making market predictions by replacing them with a strict systematic approach in an otherwise discrete trading environment
• Identify statistically significant trends and chart those trends to estimate directional probability of the next market movement
• Detect signs of a false trend line break that, in reality, could be confirmation of an ongoing trend continuation
• Choose currency pairs based primarily on their liquidity, activity, and average amplitude of fluctuations
• Select money management principles based on situations, trade systems, and current market conditions
• Understand, and profit from, the observed behavior of banks and other financial institutions that drive Forex price movements

Filled with in-depth insight and expert advice, Beat the Odds in Forex Trading details odds-enhancing trading strategies for entering and exiting the market using the Igrok Method; reviews strategies for recognizing and counteracting central bank interventions that can either destroy or greatly enhance a currency trading account; and provides templates for short-term and intraday trading.

Overthinking can harm even the most experienced trader. Beat the Odds in Forex Trading shows you instead how to read the currency markets and react—in ways shown over time to increase your odds of success. It replaces excessive formulas and theoretical calculations with proven methods and techniques, resulting in a trading guide that will greatly strengthen your trading approach, from both a philosophical and tactical point of view.

Praises for the Book:
"Beat the Odds in Forex Trading provides traders with tremendous value by disseminating the trading methods and philosophy of one of the most remarkable Forex success stories since Soros."--Alexander De Khtyar, President, Forex International Investments, Inc.

"Beating the odds in the Forex market is no easy task, but this book is certainly going to shift those odds in your favor. Mr. Toshchakov's outstanding performance in the Forex market is a testament to this."--Val Sigaev, Director of Peregrine Financial Group, Eastern Europe Division

"This book is an extremely revolutionary way to look at the market, and the author does not just provide you with real hands-on theories on how to make real, serious money, but actually lives and breathes them. Out of all of the books on the subject of Forex, I found this one to be a real gem. The author provides an absolutely brilliant approach on how to trade and be successful in the biggest market in the world."--Gene Spektor, CEO, American Heritage Capital Group

"Toshchakov's approach and strategy to trading Forex is reminiscent of the gambits utilized by great Russian chess masters. This is a primer for the novice or a useful guide to the professional trader."--Joseph A. Boystak, President & CEO, Chopin Capital Partners, LLC

About the Author:
Igor Toshchakov (L. A. IGROK) is a trader, money manager, and founder of the online trading school at www.igrokforex.com and investment advisory firm Igrok Trading International. This school has taught hundreds of traders since it opened in 2000 and offers numerous online courses. Toshchakov currently manages several portfolios for various entities, and Igrok Trading International is the exclusive advisory firm for "Mina Capital" Fund of Funds in "C" and "D" share classes.

Author Website: www.igrokforex.com

A Currency Options Primer

Title: A Currency Options Primer
Sub title: none
Author: Shani Shamah
Publisher: John Wiley & Sons, Inc.
Year: 2004 (March 19)
Pages: 210
ISBN: 0470870362 / 9780470870365
Format: Hardcover
Description:
In recent years, currencies of major industrial nations have fluctuated widely in response to trade imbalances, interest rates, commodity prices, and political uncertainty. The pressure to maintain currency parity has led to the breakdown of many exchange rate mechanisms, and has forced the need for active foreign exchange hedging decisions to prevent the erosion of profit margins.
To counteract this worldwide market volatility, currency options were developed as an alternative risk management tool to the spot and forward foreign exchange market, and owe their existence to the demands of foreign exchange users for alternative hedging and exposure management techniques.
This essentially practical book gives a thorough and comprehensive guide to currency options, with clear explanations of the technicalities. It should become recommended reading for many business courses, and will be of interest to new recruits and junior members in investment and merchant banks; to Forex specialist firms; to Treasury institutions; and to investors who require a quick guide within a trading and sales environment.

About the Author:
Shani Shamah has spent over twenty years working in the financial markets in a variety of treasury, sales and marketing positions. She currently works for IFX Markets Ltd in London as Global Head of Sales. The company specializes in foreign exchange, contracts for difference, base and precious metals, managed investment and financial spread trading. Her previous book, A Foreign Exchange Primer, is proving to be a great success.

Trading Strategies for Capital Markets

Title: Trading Strategies for Capital Markets
Sub Title: none
Author: Joseph F. Benning
Publisher: McGraw-Hill
Year: 2007 (August 7)
Pages: 356
ISBN: 0071464964 / 9780071464963
Format: Hardback
Description:
In order to succeed in the capital markets, professional traders and investors must understand that markets aren't mathematical abstractions, but dynamic, real-time reflectors of the world we live in. You need to know how the capital markets work in practice, what the drivers are, how to recognize them, and how to develop and implement effective trading strategies.
Written by Joseph Benning, a Moody's Vice President and former Senior Economist at the Chicago Board of Trade, this vital financial resource provides examples of successful trading strategies, guidance on when and why to use them, and revealing discussions of trading psychology and risk management.
With his trademark lively and engaging style, Dr. Benning cuts through the complexities of the capital markets, making them accessible, practical, interesting, and easy to understand. He also organizes Trading Strategies for Capital Markets into three sections for maximum depth and clarity that cover

• The historical development of capital markets, the modern market, and drivers such as pricing, policy, and volatility
• Main instruments of capital markets, including debt, treasury and federal securities, corporate and municipal bonds, equity securities, hybrid securities, and options. This part also covers trading strategies such as Carry Trade, Tactical Yield Curve Trading, Treasury Basis, and Synthetic Yield Curve--and offers expert accounts of ETFs and equity indexes
• Insightful information on risk management, behavioral finance, trading psychology, and position risk

Trading Strategies for Capital Markets equips professional traders and investors with a complete, one-stop reference for all aspects of today's complex capital markets that includes winning trading strategies for taking advantage of current market realities.

About the Author:
Joseph Benning, Ph.D., is currently Vice President and Senior Training Consultant for capital markets and derivatives at Moody's, as well as an adjunct Professor of Finance at New School University. He was previously a Senior Economist at the Chicago Board of Trade, and prior to that, was a Visiting Fellow at the Center for Global Change and Governance. Dr. Benning has also served as a bond trader, trading manager, and sales manager at several investment banks, in both New York and London.

The Real Estate Investor's Pocket Calculator

Title: The Real Estate Investor's Pocket Calculator
Sub Title: Simple Ways to Compute Cashflow, Value, Return, and Other Key Financial Measures
Author: Michael C. Thomsett
Publisher: Amacom
Year: 2005 (November 7)
Pages: 272
ISBN: 0814472966 / 9780814472965
Format: Paper or Softback
Description:
All the must-have formulas and information real estate investors will ever need . . . right at their fingertips! "Your success as a real estate investor, agent, broker, or appraiser depends on your ability to know which calculations you must use to analyze a property at any given moment, and how to perform them correctly. The Real Estate Investor's Pocket Calculator gives you all the guidelines and formulas you need, right at your fingertips. This invaluable resource helps you avoid risk and make smarter decisions by providing must-have measurements including: * yield * valuation * monthly breakdown schedules * time value of money * taxable income * capitalization rates * operating expense ratio * adjusted basis * land measurements * and much more
The book breaks down the daunting task of calculating all the different components of value -- including cashflow, income taxes, market forces, financing, and investment yield -- into a series of focused, easy-to-understand chapters. You'll learn valuable acceleration techniques, methods for reducing interest, and other ways to maximize return on investment. Using definitions, worksheets, and tables, the book provides much needed clarity to a complex topic, helping you know what questions to ask before committing capital, and allowing you to maintain control over all your real estate investments.
Comprehensive and easy to use on the go, The Real Estate Investor's Pocket Calculator is an invaluable reference for anyone who needs to understand the numbers behind savvy and sound real estate investment."

About the Author:
Michael C. Thomsett is a financial writer with hundreds of articles to his credit. He is the author of The Landlord’s Financial Tool Kit, Getting Started in Real Estate Investing, J.K. Lasser’s Real Estate Investing, and more. He lives in Port Townsend, Washington.

The New Laws of the Stock Market Jungle

Title: The New Laws of the Stock Market Jungle
Sub Title: An Insider's Guide to Successful Investing in a Changing World
Author: Michael J. Panzner
Publisher: Financial Times Prentice Hall
Year: 2004 (July 9)
Pages: 320
ISBN: 032124785X / 9780321247858
Format: Hardcover
Description:
The stock market is undergoing revolutionary change: new players, new technologies, new information flows, and new macroeconomic conditions. These changes are radically impacting investors, whether they realize it or not. Now, Wall Street insider Michael J. Panzner shows you how to profit from the changes--instead of being victimized by them.
Discover how falling transaction costs and a barrage of data are transforming investment patterns, and how stocks are increasingly being bought and sold like commodities. Understand the impact of electronic trading, instant messaging, and hedge funds on intraday volatility and short-term direction. Learn how booms and busts have altered investor behavior and risk preferences, why today's market is increasingly emotional, and why many traditional market indicators simply don't work anymore.
From the growing role of derivatives to the increasing unpredictability of seasonal and cyclical patterns, this book takes you "under the hood" of today's equity markets...so you can choose investments that win.

• Why stock market investing is more treacherous than ever before Why many of yesterday's key indicators and market patterns simply don't work anymore
• Breakthrough opportunities for radically new markets Finding new strategies for today's completely new investing environment
• Expecting the unexpected: what to do when the rules change Uncovering what's really going on under the surface
• Everything is faster--and more chaotic How e-trading, instant messaging, and hedge funds are increasing volatility
• What's next on the horizon Emerging influences that may transform investing yet again

About the Author:
Michael J. Panzner is a 20-year veteran of the global stock, bond, and currency markets. During his career, he has worked in New York and London as a trader and salesman for leading companies such as HSBC, Soros Funds, ABN Amro, Dresdner Bank, and J.P. Morgan Chase. His articles have appeared in Management Review and Business Credit. He is a graduate of Columbia University and currently vice president at a major international financial services firm.

Author Website: www.stockmarketjungle.com

The Bible of Options Strategies

Title: The Bible of Options Strategies
Sub Title: The Definitive Guide for Practical Trading Strategies
Author: Guy Cohen
Publisher: Financial Times Prentice Hall
Year: 2005 (April 17)
Pages: 400
ISBN: 0131710664 / 9780131710665
Format: Hardcover
Description:
In The Bible of Options Strategies, options trader Guy Cohen systematically presents today's 60 most effective strategies for trading options: how and why they work, when they're appropriate, and exactly how to use each one -- step by step. The only comprehensive reference of its kind, this book will help you identify and implement the optimal strategy for every opportunity, trading environment, and goal. It's practical from start to finish: modular, easy to navigate, and thoroughly cross-referenced, so you can find what you need fast, and act before your opportunity disappears. Cohen systematically covers all five key areas of options strategy: income strategies, volatility strategies, sideways market strategies, leveraged strategies, and synthetic strategies. Even the most complex techniques are explained with unsurpassed clarity -- making them accessible to any trader with even modest options experience. This book draws on materials Cohen has presented to thousands of traders via seminars and Web subscriptions that cost $800 and up... now available, for the first time, at a tiny fraction of that price. More than an incredible value, The Bible of Options Strategies is the definitive reference to contemporary options trading: the one book you need by your side whenever you trade.

About the Author:
Guy Cohen, MRICS, MBA, is the developer of OptionEasy, the world's most comprehensive and user-friendly online options trading and training application. A successful private investor and trader, Cohen has developed a global reputation for teaching technical analysis, options strategies, and trading psychology.
Guy is author of the global best-seller Options Made Easy, the definitive plain-English guide to options trading for private investors. He holds an MBA in finance from City University (Cass) Business School, London, UK.

Author Website: www.optioneasy.com

Protecting Your Wealth in Good Times and Bad

Title: Protecting Your Wealth in Good Times and Bad
Sub Title: none
Author: Richard A. Ferri
Publisher: McGraw-Hill
Year: 2003 (April 18)
Pages: 256
ISBN: 0071408177 / 9780071408172
Format: Paperback
Description:
Time-Tested Techniques for Building and Protecting a Solid Financial Foundation
Markets go up. Markets go down. And somehow in that never-ending cycle, you have to invest and save wisely enough to keep your family safe from financial worry. Protect Your Wealth in Good Times or Bad outlines an easy to understand, practical, and market-proven financial plan calculated to grow and protect your family's savings as it substantially eases your money concerns and crises--today, tomorrow, and throughout a long, happy, and healthy retirement.

Praises for the Book:
"A comprehensive manual of sound advice for the investor who is serious about planning for the long term."--John Bogle, Founder, The Vanguard Group, Author, Common Sense on Mutual Funds and John Bogle on Investing

"Whether you are just beginning to save for the future, already in retirement, or somewhere in between, Ferri's new book is the best investment you will ever make."--Larry Swedroe, Author, Rational Investing in Irrational Times and What Wall Street Doesn't Want You To Know

"Rick Ferri tosses a precious lifeline to the millions of small investors battered by the bursting of the market bubble. Readable and comprehensive, his book lays out went wrong and what you can do about it."--William Bernstein, Author, The Intelligent Asset Allocator and The Four Pillars of Investing

"Rick Ferri is an outstanding teacher, writer and investment advisor. Protect Your Wealth in Good Times and Bad is an excellent financial information resource that I plan to use for many years to come."--Michael LeBoeuf, Ph.D., Author, How to Win Customers and Keep Them for Life and The Millionaire in You

About the Author:
Richard A. Ferri is president and senior portfolio manager of Portfolio Solutions and a professor of finance at Walsh College. He has written numerous books on personal investing, including Serious Money and All About Index Funds.