Make Money Trading: How to Build a Winning Trading Business with foreword by Toni Turner [Paperback]

Jean Folger and Lee Leibfarth (Author), Jody Costa (Editor)

Book Description

Publication Date: October 24, 2007

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.

Editorial Reviews

Review

What makes a book worth reading? As a writer myself, I look for compelling, timely, and well-organized material presented in a reader-friendly style. As a trader and student of the financial markets, I look for valuable information that will make my journey in this arena a richer and more profitable experience. To my delight, I ve found that Make Money-Trading: How to Build a Winning Trading Business, has fulfilled my demands and expectations. Jean Folger and Lee Leibfarth have written an excellent and enjoyable book that offers a significant ROI (return on investment) in exchange for the time spent absorbing its high-quality content. Make Money Trading moves forward in a logical and well-organized progression, from establishing overall trading business goals and defining objectives, to an evaluation process that includes historical modeling, forward performance testing, and live market testing. The trader s research and work in these areas, using the guidelines described in the book s chapters, should culminate in a fully developed trading plan. Of course, the plan s success will be put to the ultimate test in a live trading scenario that finalizes in a profit/loss statement. Again, this book is all about the business of trading. It is up to the reader to explore and expand his or her knowledge of certain components of the process, such as candlestick trading technology, chart indicators and oscillators, volume signals and the interpretations of price patterns. The challenge of coming to the end of a really good book is where to start how to put all the great ideas in the pages into action. Even though I ve been a trader and investor for more than sixteen years, I continue to learn from others. I will go back through this book s pages and revisit all the highlighted sentences and sections that drew my attention. Then I ll plan new strategies based on those ideas. Was this book worth reading? Absolutely! Compelling, timely, well-organized and reader-friendly? For sure! I am confident that whether you re a trader or investor novice or more experienced market veteran Make Money Trading will act as a valuable tool to help you develop your trading career into a successful and winning business! Taken from the foreword by Toni Turner President, ToniTurner.com and best-selling author of A Beginner s Guide to Day Trading Online, A Beginner s Guide to Short-Term Trading, and Short-Term Trading in the New Stock Market --Toni Turner

Product Details

• Paperback: 384 pages
• Publisher: Marketplace Books (October 24, 2007)
• Language: English
• ISBN-10: 1592803083
• ISBN-13: 978-1592803088
• Product Dimensions: 9 x 6.1 x 0.8 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #1,205,090 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

10 of 10 people found the following review helpful:

5.0 out of 5 stars Excellent, well written, clear illustrations, June 9, 2008

By 

Cook (Cleveland, OH USA) - See all my reviews

This review is from: Make Money Trading: How to Build a Winning Trading Business with foreword by Toni Turner (Paperback)

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.

12 of 14 people found the following review helpful:

5.0 out of 5 stars A must have for traders, January 31, 2008

By 

escrow "escrow" (austin,tx) - See all my reviews

This review is from: Make Money Trading: How to Build a Winning Trading Business with foreword by Toni Turner (Paperback)

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.

5 of 5 people found the following review helpful:

5.0 out of 5 stars Solid Starting Point, January 8, 2009

By 

MMS - See all my reviews

This review is from: Make Money Trading: How to Build a Winning Trading Business with foreword by Toni Turner (Paperback)

Few books offer what the authors present in Make Money Trading. They provide a comprehensive treatment of the necessary conditions to make trading work but they take it a step further. While many authors deal in platitudes, which become tiresome as one gains experience in the market, this book gives concrete strategies that can be tested on just about any platform. Not only do they explain what a trend-following approach is vs. say a swing trading style they outline an example of each with well defined rules for entry, exit, position-sizing, etc.

What is very important is that they do not treat the systems presented as "holy grails", but rather a starting point for development (simple systems, though, like the ones in this book can work extremely well). I am a systematic trader who only trades mechanically and that is why I like this book so much for anyone getting started as it underscores the importance of having a well defined plan.