Recommended Trading Books
Candlestick Charting Explained 3rd Ed.
by Gregory L Morris
RRP: $82. 95 Our Price: $79.85
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Japanese candlesticks are one of today's most important technical tools. This book demonstrates how candlestick charts can be used to identify and anticipate price patterns in the financial and commodity markets. Comprehensive and authoritative, Candlestick Charting Explained shows you how to combine candlesticks with other technical tools to identify profitable trades.
How to Beat the Managed Funds by 20%
by Dale Gillham, (Paperback)
RRP: $29.95 Our Price: $30.00 including P&H
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How would you like to take control and invest directly in the sharemarket with confidence?
In this updated and revised edition of How to Beat the Managed Funds by 20%, Dale Gillham, one of Australia's most respected analysts (Wealth Creator Magazine, Nov 04) provides a practical and easy approach to profiting consistently from the share market, allowing you to take control of your investments and achieve better returns than most professional funds managers. The book contains simple workable strategies including how to:
- select winning stocks to suit your trading style
- construct a powerful portfolio that performs regardless of the market direction
- successfully reduce your risk and increase your probability of making a profit
- accelerate your profits using leverage
This fascinating book shows how, by simply investing in some of Australia's biggest and strongest companies, you can not only achieve very profitable returns but also beat the managed funds by at least 20%. Read the latest book reviews.
If you are new to trading, think of this book as a good foundation on which you can build your personal wealth-creation strategies. If you are more experienced, think of this book as a keystone, the stone at the top of an arch that holds all the other stones in place. Garnett Znidaric, Your Trading Edge
Market Wizards
by Jack Schwager (Paperback)
RRP: $49.95 Our Price: $47.45
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A runaway best-seller and one of the most fascinating books ever written about Wall Street. It contains interviews with 17 legendary traders who reveal that they too once struggled like the rest of us mortals to keep their heads above water.
What sets these traders apart? Most people think that winning in the markets has something to do with finding the secret formula. The truth is that any common denominator among the traders I interviewed had more to do with attitude than approach. Some of the traders use fundamental analysis exclusively, others employee only technical analysis, and still others combine the two. Some traders operate on a time horizon measured in hours or even minutes, while others typically implement positions that they intend to hold for months or even years. Although the trading methodologies varied widely, the forthcoming interviews reveal certain important commonalities in trading attitudes and principles.
Trading provides one of the last great frontiers of opportunities in our economy. It is one of the very few ways in which an individual can start with a relatively small bankroll and actually become a multimillionaire. Of course only a handful of individuals (such as those interviewed here) succeed in turning this feat, but at least the opportunity exists.
Trading in the Zone
by Mark Douglas (Hardback)
RRP: $59.95 Our Price: $56.95
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Maximizing the trader's state of mind is the key to successful results. Conflicts, contradictions and paradoxes in thinking can spell disaster for even a highly motivated, astute and well grounded trader. Mark Douglas, a trader, personal trading coach, and industry consultant since 1982, sends the message that thinking strategy will profoundly influence a trader's success rate. Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market.
Trading In The Zone offers specific solutions to the people factor of commodity price movement. It uncovers the true culprit for lack of consistency when it comes to stock picking: lack of focus and self-confidence. Through simple exercises, traders will learn how to think in terms of probabilities, and adopt the specific beliefs necessary to developing a winner's mindset. Along the way, they'll gain valuable insights into their own entrenched misconceptions about the market. Backed by compelling examples, Trading In The Zone adds a new dimension to getting an edge on the market. Through a better understanding of themselves, as well as of Wall Street's realities, traders will come to leverage the power of their psyche for unprecedented profitability.
Margin Lending Explained
by Paul & Jarrod Martin (Paperback)
RRP: $34.95 Our Price: $33.25
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The rise in share ownership over the last few years has seen a similar rise in margin lending and not just for the rich investor.
It is now also becoming more common for financial institutions to aim the margin lending products at the mum and dad investors. In this new book from investment advisers and brothers Paul and Jarrod Martin, margin lending and how it works in Australia is clearly explained.
They look at what gearing is, why use gearing, the fundamentals of margin lending and whether margin lending is the right option for you.
Dynamic Trading
by Robert Miner (Hardback)
RRP: $169.95 Our Price: $161.50
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Dynamic Trading teaches you the reality of trading. Learn dynamic price projection techniques and how to project well in advance the specific price zones for support, resistance and trend termination. Learn dynamic time projection techniques including projected turning point periods, time rhythm zone and trend vibration projections which allow you to project days and weeks in advance the specific time zones for trend reversal.
Learn Elliott Wave made practical. Quickly determine if a market is in a trend or counter-trend position.
Learn low-risk and low-capital exposure trade entry strategies including trend-reversal and trend-continuation entry and stop-loss techniques. Learn how to develop and stick to a trading plan.
Learn how to maintain a structured, patient and disciplined approach to technical analysis and trading strategies. Learn a consistent approach to trading. Learn how to trade market behavior, not market forecasts.
The Disciplined Trader
by Mark Douglas (Hardback)
RRP: $69.95 Our Price: $66.50
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With rare insight based on his first-hand commodity trading experience, Mark Douglas demonstrates why the beliefs learned to function effectively in society are often formidable psychological barriers in trading. 'The Disciplined Trader' helps you join the elite few who have learned how to control their trading behaviour by developing a systematic, step by step approach for winning, week after week, month after month. In a comprehensive and logical manner, Mark Douglas shows you how to examine and limit your trading behavior, how to develop the mental discipline possessed by the small minority of winners who make money consistently.
The Secret of Candlestick Charting
by Louise Bedford (Paperback)
RRP: $39.95 Our Price: $37.95
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Most traders in the Australian stock and futures markets begin by using conventional bar charts to generate buy and sell signals-until they discover the analytical power of candlestick charting. This Japanese technique has stood the test of time as it dates back over 300 years. Candlestick charts pinpoint trend changes prior to many other indicators.
Whether you are a beginner or a sophisticated investor, you can learn how to use candlestick charting to trade the market profitably, beginning with your next trade. In this book you will discover a technique that has the potential to completely alter the way you view charting, yet is complimentary to any of the knowledge that you have accumulated so far about technical analysis.
This book not only reveals the main continuation and reversal patterns apparent in the current Australian markets, but it also describes unique strategies which put these patterns into context. Written in easy-to-understand language, these techniques are highly recommended for any traders or investors who wish to develop their technical analysis abilities and enhance their profitability.
Elliott Wave Principle
by A. Frost & R. Prechter (Hardback)
RRP: $82.95 Our Price: $78.80
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Developed by Ralph Nelson Elliott in the 1930's and 40's, the Elliott Wave Principle is a powerful analytical tool for forecasting stock market behavior. The basic concept behind the Principle is that stock market prices rise and fall in discernible patterns and these patterns can be linked together into waves.
In the years since it was first published, this classic guide to the Elliott Wave Principle has acquired a cult status among technical analysts worldwide. And with each new edition, the authors have refined and enhanced the principle, while retaining all the predictions from past editions.
Contracts for Difference
by Catherine Davey (Paperback)
RRP: $29.95 Our Price: $28.45
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Contracts For Difference (CFDs) offers investors all the benefits of trading shares without having to physically own them. Simply put, it is a contract that mirrors the performance of a share or index. It is traded on margin, and just like physical shares your profit or loss is determined by the difference between the price you buy at and the price you sell at.
The book is concisely written and walks the reader through how to get started with CFDs, how to trade them and also how to use them as a hedging tool. Davey also spends time discussing the importance of risk management with CFDs and trading on margin. Whether or not you decide to trade CFDs, it is worthwhile understanding the concept and this book is a great place to start.
Learn More About Shares
by Nic Renton (Paperback)
RRP: $24.95 Our Price $23.70
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Thinking of investing on the stock market? You need to learn more about shares. And who better to teach you than Nick Renton? Renton has been writing about the stock market for over 30 years. He was the founder and first president of the Australian Shareholders Association.
There are many books available on the Australian share market but none with Renton s approach of looking at subjects from all angles and questioning conventional wisdom. It is widely held that the key to succeeding in wealth creation is education. This book provides objective, sensible, well-reasoned information the tools for making informed investment decisions. Nick starts by answering the questions:
- Who owns shares and why?
- Should I save or invest? and
- When should I seek professional advice?
He then looks at some neglected investment yardsticks such as ratios for fixed interest, debt in the balance sheet and how to read an annual report or prospectus.
Renton also looks at endowment warrants, installment warrants, listed options, employee options and stapled securities. The fourth part of the book discusses various installment strategies.
The Secret of Writing Options
by Louise Bedford (Paperback)
RRP: $39.95 Our Price: $37.95
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Louise demonstrates that there is far more to trading than understanding the mechanics of how markets work. It involves a method of engaging the market, an understanding of money and risk management and most importantly of all it requires an understanding of the psychological aspects of trading. Only good traders understand these areas and can communicate their importance to others.
The Secret of Writing Options provides a practical and informative introduction for the newcomer to the options market and will give new insights into this area of derivatives trading to the more experienced.
Merriman on Market Cycles: The Basics
by Ray Merriman (Paperback)
RRP: $60.00 Our Price: $57.50
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'Merriman on Market Cycles: The Basics' is a comprehensive and easily understandable guide on how to apply the study of cycles to enhance trading and investing in financial markets.
There is an old saying that 'timing is everything' in markets and knowledge of cycles provides the most useful of all market timing tools. However, market cycles are more than just a consistent interval of time between two highs or lows. They unfold in well-defined patterns. These patterns enable the trader to know the phasing of any given cycle, and when the market is offering a great, or average, or not-so-great, risk/reward possibility. Furthermore, cycles sometimes fall outside the 'normal' time band for their expected high or low due to a phenomenon known as 'distortion.' These patterns and times of 'distortion' can be forecasted by applying the principles of cycles which are clearly explained and illustrated in this unique book.
Getting Started in Options, 7th Ed.
by Michael Thomsett (Paperback)
RRP: $26.95 Our Price: $25.60
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A completely revised and updated edition of the popular guide to understanding and utilizing options.
In non-technical, easy to follow terms, Getting Started in Options, 4th Edition thoroughly demystifies the options markets, distinguishes the imagined risks from the real ones, and arms investors with the facts they need to make informed decisions. This bestselling guide to understanding options includes references to online sites relevant to options investors; information on how to pick brokerage firms; detailed explanations of risk; bailout points; how to pick stocks for options investing; and how put options can enhance portfolio returns.
Reminiscences of a Stock Operator
by Edwin Lefevre (Paperback)
RRP. $30.95 Our Price: $29.50
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Profiled as one of the four investment classics of all time, this fictionalized biography is among the most compelling books ever written on trading in the markets.
Penned in 1923, the text remains timeless because it captures a trader's mind so accurately, the recollections of mistakes, lessons learned and insights gained. Packed with observational gems about the markets and trading.
Getting Started in Futures 5th Ed.
by Todd Lofton (Paperback)
RRP: $27.95 Our Price: $26.55
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Everything you need to know about the futures market.
Getting Started in Futures, 4th Edition, covers everything investors need to know about the futures market, including how margins are set, how an order is handled in the trading pit, and the steps a producer or user must take to effectively hedge a cash commodity. The universal choice for beginning investors in futures markets, this precisely written, jargon-free guide explains how futures markets operate and tells how contracts are packaged and sold. Featuring new examples, charts, and timely additions to reflect important changes in the markets, the 4th Edition also includes a new chapter on trading futures online.
45 Years in Wall Street
by W.D. Gann (Hardback)
RRP. $95.00 Our Price: $90.50
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Gann's wisdom and experience are distilled into this book. He develops a mass of statistics to help formulate valuable rules for the trader, which are set forth here in his classic 24 rules for trading. Every page is full of practical advice which Gann feels is necessary to be successful in the stock market. His conclusion of 47 years experience: The most precious possession is time - the time to secure knowledge, which is more valuable than money.
Forty five years of actual trading experience and market research by W.D. Gann have made this book possible. He writes from practical application, not theory. You have the opportunity to draw on the experience of the man who wrote such widely read books as: Truth of the Stock Tape (1923), Wall Street Stock Selector (1930), New Stock Trend Detector (1936) and How To Make Profits in Commodities (1941).
Basic Principles of Geocosmic Studies
by Ray Merriman (Paperback)
RRP: $42.25 Our Price: $40.15
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Now, at last, a beginning primer on astrology written especially for those interested in financial market timing. Geocosmic signatures, as described in this book, may be the most precise indicators available in the area of market timing. However, learning the nature of geocosmic signatures, particularly as they pertain to financial market timing, has never been an easy process - until now. If your interest in geocosmics is purely for purposes of market timing, then this book will show you the very easiest way to get started. It bypasses the need for individual horoscopes (so necessary to the field of general astrology) and takes you directly to the relevant essentials of market timing: aspects, ingresses, and stations.
Written in a simple, easy to understand style, this book will walk you clearly through each step of determining a 'critical reversal date.' It will show you how to use an ephemeris, an aspectarian, how to calculate aspects, spot ingresses and stations, and how to identify a 'cluster'. The section on the correspondence of planetary cycles to cycles in human activity may be of special interest to students of both astrology and cycles.
Though this book is written primarily for students of financial markets who wish a simple guide to using geocosmic principles, it will also be of value to anyone wishing a very basic book for starting the study of astrology itself.
The Art of Options Trading in Australia
by Chris Tate (Paperback)
RRP: $39.95 Our Price: $37.95
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The main attraction of options and warrants is the fact that with a small amount of money traders can control a much larger investment.
In his trademark straightforward style, well-known author and private trader Chris Tate explains strategies for trading options that can minimise trading risk. Options and warrants can be used in isolation to produce capital gain or as part of an overall hedging strategy. This book will show you how to do both.
