Designed to help make you a well-informed, clearly focused, highly researched investor and market participant. Presents a disciplined method for organizing dynamic, everchanging market phenomena. DLC: Futures--U.S.
Book Description
Editorial Reviews
From the Publisher
The Publisher, September 30, 1999
Insights/Strategies from the Top Traders
Insights/Strategies from the Top Traders
The Market Savvy Investor is designed to make you exactly that: well-informed, clearly focused, highly researched market participant who can identify and benefit from gaining the "trader's edge." This book is written to serve as a practical investment guide with hands-on profitable techniques in major market sectors that are currently available and that provide high-yield opportunities into the 21st century. The intended audience for this book is the many thousands of investors who have chosen to take their financial destinies into their own hands; that is, to chart the waters of their own fortunes, independent of the advice and explanations of brokers, advisers, and market analysts. They are seasoned independent and professional traders and investors as well as first-time market participants. What unites both groups is a willingness and commitment to learn as much as possible about market phenomena in order to gain control and independence in their investment decisions.
Unlike other books on investments, The Market Savvy Investor does not describe abstract investment theories or offer a list of specific investments. Rather, it includes battle-forged market insights and strategies of the best and brightest traders and shows investors how to make money by utilizing proven methods to identify opportunities in different asset classes, such as precious and industrial metals (gold, silver, copper, etc.), equities and traditional commodities (grains, livestock, "softs"), interest rates (bonds, T-notes, Eurodollars), and foreign currencies (Swiss franc, Japanese yen, European currency unit, British pound, Canadian and Australian dollars, and Mexican peso). It also provides and in-depth discussion of the recently popular market phenomenon of day trading (particularly NASDAQ II trading).
Based on an academic knowledge and practical application of portfolio theory, The Market Savvy Investor analyzes individual markets by class with charts and commentary as well as intermarket relationships in the context of diversified asset allocation. As mentioned above, specific consideration is devoted to sharpening the investor's understanding of individual market behavior through analysis and interviews with top traders in these markets--bonds, equities, foreign currencies, stock indexes, metals energy, and agriculture. In particular, the book will:
* examine fundamental and technical analysis(including the electronic platform and proposed industry changes),
* establish how to develop a market strategy for profitable returns in different market conditions,
* demonstrate how to develop a diversified portfolio
* distinguish high-risk from low-risk trading opportunities,
* explain asset allocation and profitable money management techniques, and
* analyze market sectors that present short-and long-term opportunities.
The key to success in markets is as true today as it was 50 years and, we assume, will be so 50 years into the future. It involves old-fashioned, time-proven approaches of strict emotional and monetary discipline, effective strategy, thoughtful research, the ability to embrace calculated risk, and most of all patience. Many of the psychological skills of investment were once thought to be inborn; however, it is the authors belief they can be taught and, with practice, mastered. An old Chicago Mercantile Exchange poster read: "Was Toulouse Lautrec too short to trade commodities? No. Too Temperamental." Lautrec was a highly emotional man given to impulsive changes of opinion. Such a personality is ill suited for trading. Leo Melamed also expressed a similar idea when the authors interviewed him for The Innergame of Trading:
"There is much to being a successful trader and investor. There are many rules to be applies and many lessons to be learned. There must be a willingness and ability to learn, to comprehend fundamentals and statistics, to grasp technical application, to develop an inner trading sense, to accept defeat and live with victory, and much more. But most of all, there must be present a multitude of inborn characteristics relating to the trader's personality, psychology, emotional equilibrium, courage, and patience."
The Market Savvy Investor includes in-depth coverage of the psychological aspects of trading and investing in order to fully bolster the investor's complement of effective market behavior-from opportunity awareness and analysis through trial and evaluation right down to the point of position adoption and management. As one trader reminded us years ago in an interview about developing trade models: "The bottom line is still the bottom line!" The authors mention this to assure you that our particular focus is always a simple one: to identify strategies that work and are profitable to use.
In Reminiscences of a Stock Operator (Wiley, 1994), Edwin Lefevre spoke to this very point when talking about his own development as an investor. "It takes a man a long time to learn all the lessons of all his mistakes. They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side. It took longer to get that general principle fixed firmly in my mind than it did most of the more technical phases of the game of speculation."
In short, then, The Market Savvy Investor serves as your guide to investing in global markets using specific strategies and techniques of some of the world's best traders, with full cognizance of the extraordinary complexity of trading markets successfully.
Product Details
Would you like to update product info or give feedback on images?
|
More About the Author
Discover books, learn about writers, read author blogs, and more.
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
8 of 10 people found the following review helpful:
5.0 out of 5 stars
Good Investment Book,
By A Customer
This review is from: The Market Savvy Investor: Profit from the Techniques of the Top Traders (Hardcover)
Good basic information explained very clearly with well chosen examples. I think this book would make for an interesting audio tape.
Share your thoughts with other customers: Create your own review
|
|
Tag this product(What's this?)Think of a tag as a keyword or label you consider is strongly related to this product.
Tags will help all customers organize and find favorite items. |
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
