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Hardcover Trading 101: How to Trade Like a Pro Book

ISBN: 0471144452

ISBN13: 9780471144458

Trading 101: How to Trade Like a Pro

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Format: Hardcover

Condition: Very Good

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Book Overview

"I vowed to one day write a book so that other novices would nothave to go through the same grueling process to learn abouttrading."--Sunny Harris

With a surge in the number of people trying their hand at tradingtoday--baby boomers, retirees, individual investors--it's moreimportant than ever to develop a solid working knowledge of therudiments of this potentially profitable practice. Trading 101 is aclearly written, concise, and thorough introduction to thebasics.

The author, renowned for her successful Trading 101 seminars, creates an indispensable reference covering everything fromcharting techniques and trading vehicles to technical analysis andcurrent market buzzwords. With easy-to-read charts and graphssupplementing the text, this is an invaluable resource for completeinformation on:
* The whats and the how-tos: What is a put? What is a call? How doI place a trade? How do I select a broker?
* Fundamental analysis and its economic indicators -- leadingindicators, real GDP, interest rates, productivity
* Developing your own trading system--design, costs, backtestingthe system, and evaluating your performance
* Obtaining fundamental data--bulletin board services, commercialdata vendors, the Internet, chart services
* Setting up your trading as a business -- developing a businessplan, legal and tax questions, back office services
* Discipline--sticking to your system, finding coaches that canhelp you stay motivated, keeping a diary

Trading 101 also provides details on which newsletters offerdependable investment advice, how to choose the best discountbrokerage, and which of today's computers and financial softwarepackages are the best for planning and evaluating trades.

Complete with glossary, bibliography, and listings of networkingand educational meetings on the Internet, as well as beginnerseminars and conferences, software vendors, and recommended books, this comprehensive, easy-to-use guide is the one to have in handbefore entering the unpredictable and competitive world oftrading.

Praise for Trading 101

"Trading 101 should be required reading for every new orprospective futures trader. It provides more solid information andall-around knowledge than any other book I've ever seen on thesubject. It receives my unqualified endorsement and takes top placeon my list of recommended titles for futures traders."--EdwardDobson, President, Traders Press, Inc.

"Trading 101 is a great idea. There was nothing like this when Istarted out. The novice trader now has a place to start the search.Oh, the time it would have saved me!"--John Bollinger, CFA, CMT, President, Bollinger Capital Management, Editor, The Capital GrowthLetter

"Sunny has done a great job in bringing a highly complex anddiverse topic to the level of human understanding--must reading forevery new trader."--Jake Bernstein, author The Investor's Quotient, Second Edition

Customer Reviews

4 ratings

Great for Beginners!!!!

This is a great book for the beginner. I am just getting started in trading commodities and I am in the process of reading anything I possible can on the subject. I wish I read Trading 101 first. This book has many references to other books to read next. Great starter!! Thanks Sunny!

A Good Introduction to Trading

I have found this book somewhat simplistic and out of date. However, as a book written for the newcomers I think the author has covered the subject matter quite well and especially in pointing out the importance of extensive education required, a good trading system and money management skills. No illusion had been created in misleading the reader to think that making money in the market is quick and easy(as many other authors have done). This is very important.As the author has stated: "You will learn about the existence of of concepts, but will not learn the concepts in depth. You will, however, learn where to look for information on each of these concepts, so that you may explore in-depth and develop your knowledge base further..."It does NOT show you the nitty gritty details of "How to Trade Like a Pro". Like the cover: suitable for an intro book on the matter!

Don't flick through it. Study it!!

Like many people, when I first picked up this book I thought that it might be a little light and fluffy without too much useful conetent, least of all for the money. Then someone reccomended it to me, so I paid the money and read it, three times.It is a must for people who are thinking about getting into trading and investing because it makes people aware that they are embarking on a venture which could be very profitable. As a result, this realyy means that if you are trading, for what ever reason, you are in the business of trading and you had better treat it like a business. Trading 101 is generally the first book I suggest to people because it is crammed full of subjects which need to be studied if you want to stand a chance of being successful in the high stress world of trading. One chap I reccomended it to found that it helped him reorganise his existing business so that it ran more efficiently as well.Sunny's style is light and easy to read, and some mistake this for the content as well. The content is thorough and broad. It is insightful and inspiring. For the mug punter it will probably seem like irrelevant material. That is until it is the only left that they own. Then they will see that it contains the wisdom that would have helped them keep and compound their profits. When this review was written then listing only gave this book three and a half stars. To me, this was a mistake. It is a definate 5 star for erious starters.

Exactly what I needed!!

This book was exactly what I was looking for!! As an engineer and computer programmer with limited experience in stock trading I wanted and needed a guidebook to give me a "bird's eye view" of the trading process and to point me in the right direction for further information. Do NOT buy this book if you are looking for a "how-to" book that tells you exactly how to trade. However, If you need to put together a self study program to learn all about trading I would definitely recommend this book. Sunny lists all of the topic areas you should cover and provides a great list of references to texts and web sites where you can learn everything you need to trade as successfully as she has done. The only reason I didn't give this book 5 stars was that there is some minor repetition of text between chapters and one or two of the texts that Sunny recommends are now out of print. Overall, this is a great introduction to trading - if you take notes as you ! read you will finish with a pretty handy course outline and text book list to tackle. After that it is up to you ...
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