1. Edition - June 2006
51.90 Euro
2006. 300 Pages, Hardcover
ISBN-10: 0-471-79063-X
ISBN-13: 978-0-471-79063-1 - John Wiley & Sons








Short description
The Essentials of Trading provides a step-by-step approach to getting started in the markets and building a winning strategy that gives the reader a solid foundation on which to build for success in trading. The author begins with the fundamentals of opening an account, the mechanics of trading, and how markets work. He then moves on to examine how to develop a trading plan, manage risk, perform market analysis, and develop and evaluate a trading system. The exercises found throughout the book will allow the reader to see the practical application of the principles and strategies discussed.

From the contents
Foreword.

Preface.

Acknowledgments.

About the Author.

Chapter 1. Introduction and Getting Started.

Introduction.

Getting Started.

Chapter 2. Trading Mechanics.

The Basics.

Trade Execution.

Behind the Trade.

Managing the Trade.

Chapter 3. Price Action and Its Influences.

Influences on Price.

Price Movement.

Chapter 4. Building the Trading Plan.

What's a Trading Plan?

Journals.

Personal Assessment.

The Plan.

Chapter 5. Risk and Money Management.

What Is Risk?.

Money Management - Trade.

Money Management - Portfolio.

The Plan.

Chapter 6. Market Analysis.

Analyzing the Markets.

Fundamental Analysis.

Technical Analysis.

Quantitative Analysis.

Final Thoughts.

Chapter 7. System Design and Testing.

Trading Systems Defined.

A Sample System.

Defining the System Focus.

Entry and Exit Rules.

Test I--SMA Only for Buy or Sell.

Test II--SAR Only for Buy or Sell.

Test III--SMA Enter/SAR Exit.

Test IV--SAR Enter/SMA Exit.

Additional Considerations.

8. System Results and Position Size.

Comparing Performance.

Trade Size Determination.

Monetary Comparison.

Fine Tuning.

Risk and Position Size.

The Final System.

Chapter 9. Application.

A Few Last Plan/System Points.

Go Live.

Taking It Forward.

Appendix A: Boxes.

Box Trading Strategies.

Additional Combination Strategies.

Appendix B: Sample System.

A Few Advanced Words.

Part I--Identifying the Stocks.

Part II--Going After Big Returns.

Index.