Friday, May 11, 2007

30 Days To Market Mastery: A Step By Step Guide To Trading - Book Review

30 Days to Market Mastery: A Step-by-Step Guide to Profitable Trading (Wiley Trading)

What Is It About?

This book provides a step by step guide on how to trade. The book divides into 30 different chapters, each one teaching a new lesson. The book is structured for reading over a thirty day period in order to fully digest each lesson. To that end, each lesson concludes with a short quiz asking multiple choice questions on the material covered or presenting charts which the reader must interpret.

What Did I Get Out Of It As A New Investor?

A complete book for a new trader. Offering both theory and practical application the book excels in helping new traders understand what it takes to develop a trading system. The book does this by providing a comprehensive overview on how to trade.

Starting with the basic understanding that all trading systems require a setup, trigger, and follow-through, the book does a good job showing the new trader what it takes to develop and implement a trading system. Using specific examples, with detailed charts and explanations, the book provides several different trading systems which a new trader can study. Demonstrating its commitment to teaching the new trader, the book provides a short quiz at the end of each chapter. These quizzes are not just a retread of material described, but actually challenge the reader to demonstrate competence as the read the book. Overall, this is one of the few books that covers all one might need to read in order to grasp how to trade.

The Good News

The most complete book for the new trader I have read.

The Bad News

Not well suited for those who have a distaste for charts or technical indicators.

The Bottom Line

A great book for the new trader looking for a step by step guide on how to trade successfully.

Other Related Reading:

 My Review    My Review


penny stocks said...

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The market is a real mystery.