by Jean Folger and Lee Leibfarth
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| List Price: | $29.95 |
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Product Description
Want to be your own boss? Live independently? Take a more active role in managing your money? That s what a trading business can mean for you money, independence, and complete control over your finances. But without the proper education, about 90% of people will fail. That s why this book is essential to your trading success. Jean Folger and Lee Leibfarth present an organized, top to bottom look at what it means to start, run, and ultimately succeed at the business of trading. As active traders with over 15 years of teaching and coaching experience, Jean and Lee wrote this book specifically to give you unlimited access to all the tools and skills necessary to becoming a profitable, self-sufficient trader. Inside you ll find information that will turn you from a spectator to a full-time pro! Gold mines and pitfalls of the Business of Trading: Learn what makes the markets tick to find the next big win, essential risk management techniques to protect your gains, and detailed information on how technology can be your greatest asset and make your life easier. How traders predict the markets: Explore the tenets of technical analysis and how reading the charts can help you pinpoint the highest probability trades. Secrets of disciplined trading: Discover the secrets to developing, testing, and building a successful trading plan to fit your personal style with tips on backtesting, optimization, and evaluation. Don t risk your money reinventing the wheel. Every detail you need to start or refine your trading business is in this book. Packed with of examples, downloadable code, and worksheets, Make Money Trading is the ultimate resource for creating a winning trading business. Come discover what Jean and Lee already know the joys of being an independent trader.
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Average Customer Review:
5 of 5 people found the following review helpful:
 Excellent, well written, clear illustrations, 2008-06-09
I am a visual learner, and the illustrations/figures in the book are helpful in explaining key concepts. The book finally made evident to me the importance of understanding risk in trading. I've read over and over things like "keep your losses small, and let your runners win" but I never really understood why I could have a trading system that wins 80% of the time and still have a losing system. This book spells out the interrelatedness of profit targets, stop losses, percent profitable, average win and average loss. It provides a clear, systematic approach to system development that includes some of the realities of trading (like if it looks too good to be true on paper it most certainly will be in live trading). The book also provides several strategy examples that were really helpful to me.
2 of 7 people found the following review helpful:
 For beginners only!, 2008-05-31
As a medium-level trader, I thought I would learn something from this book. I was very disappointed in that it is a collection of very basic concepts. Certainly not enough to make money trading. A more appropriate title, given its emphasis on risk management would have been "Lose less money trading".
8 of 10 people found the following review helpful:
A must have for traders, 2008-02-01
I am using this book as a reference quite a lot and it definitely has some good tips for newbies starting their own trading business. Highly recommended for pointing out all the things we take for granted (trading plan, money management etc) but never really follow until it is too late.
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