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There is no easy way to make money in today's markets. If you'relooking for get-rich-quick advice or the holy grail of trading, theonly thing you're really doing is wasting time and money. In orderto truly excel at this difficult endeavor, you have to work hard,stay focused, and follow a method that will put the odds of successin your favor.
Nobody knows this better than author Andrew Abrahamacommodity trading advisor with over eighteen years of experienceusing trend following techniques to compound wealth and managerisk. And now, in The Trend Following Bible, he sharesvaluable insights, from the perspective of a professional whotrades for a living, of what you need to know and internalize tobecome a consistent and successful trend trader over time.
Written with the serious trader in mind, this unique guideskillfully puts trend trading in perspective. It discusses thedevelopment of a robust trading plan, which is applicable to alltime frames and markets, details how to manage the inherent risksof trading, and reveals how important patience and discipline arein order to see your plan through.
Along the way, Abraham explains the psychology behind successfultrend trading, provides practical examples of traders who haveapplied it, and addresses the underlying principles you'll need toknow in order to make this approach work for youfrom tradingthe best markets, betting small, and using stop-losses to tradingwith the trend, cutting losses, and avoiding overtrading.
Trend trading is a journey filled with ups and downs. But bytaking the ideas found here, and applying them to your ownpersonality and risk tolerance, you'll discover what it reallytakes to capture trends and make money with them in the longrun.
Praise for The Trend Following Bible
"I like Andy's statement that trading has to fit one'spersonality. Everyone is different. I've met quite a few successfultraders over the twenty years I've been trading professionally.Ironically not one person uses the same system. What Andy doescapture are the true building blocks of building a successfultrading system."
Ken Kinkopf, President, Kinkopf Capital Management,LLC
"I have been registered in the futures industry since 1987, andthe information on trend following provided by Andrew Abraham issome of the most comprehensive and easy to follow that I have seen.Andrew provides pure information with no hidden agendas. He doesnot hide the risk nor simplify the work a trader needs to do.Discipline and patience, two of the most key elements in moneymanagement, are stressed. I would highly recommend that anyoneserious about trading should read this book."
Chuck Bohm, Pioneer Futures Inc.
"Where I feel that Andy's insight is so valuable is that he isan active practitioner. He gives us views, and posts articles, thathighlight the discipline and self-belief needed to be successful inthis arena. Trend following sounds so simple; looking at a chart iseasy to say, in hindsight, that we would have bought there and soldhere. Now tell me where we are going tomorrow. Andy's blog shows usthat trend following is about percentages. Increasing your chancesof calling the future direction of a market correctly over time,and having an exit plan in place before one takes a position. Iencourage anyone with exposure to the markets, regardless ofexperience, to read this!"
Benjamin Smith, ADM Investor ServicesInternational
"The best investors are not afraid to share their trading planwith others as they know that there is no secret recipe in allthis, that risk management and discipline are really 95% of thebattle. Clearly Andy is not afraid of providing his."
Gerald Rehn, Principal, Rehn Capital Management,LLC
"Andy gives a structured, simple, and concise way to understandtrend following and, most importantly, the discipline and patiencethis strategy needs in order to work. I really enjoyed his personalviews and risk management tools that have kept him in trading formany years."
Eduardo Frid, EF Financial Services
"Right on Andy!"
Todd Miller, Availeth Capital, LLC
"Andy's explanation of trend following is extremely informativeand should be very useful for any individuals who hope to begintrading in a trend following strategy. One of my favorite aspectsof his book is that he is relaying the message that trend followingand trading are, indeed, work. So many individuals have the wrongimpression entirely as to what it is that a trader or trendfollower does with his or her time. As with any other career path,trading takes time, research, and extraordinary effort in order tobe successful. I would highly recommend that any individualinterested in trend following read Andy's blog as well. Theinformation is accurate and effective."
John David McDonnell, RCO Financial, Inc.
Good writing on the trend-following mindset. Once you understand the mindset you will stop relying on others to give/sell you a system and do the actual work that is... Read morePublished 6 months ago by Gene Livingston
The first third of the book is only about saying how trend following is good and trading is hard. A totally waste of paper and time. After the author presents the technique. Read morePublished 9 months ago by E. A. Costa
Mr. Abraham not only talks about trend following.....he provides a complete guide as to how HE does it and the controls he has put into place. Easy to read and follow.... Read morePublished 10 months ago by M. Lawson
I have a losing streak for a long while. Lucky that I came across this book, read it and realized what wrongs I, as a trend follower, had made and what rules I had not followed. Read morePublished 10 months ago by ServantofGod
A good effort to show the essentials of trend following, highly recommended for anyone interested in this technique. Read morePublished 11 months ago by slowmothe1st
In my personal point of view I suggest so much this book because it takes in consideration a lot of things that a trader needs to know and apply trade after trade. Read morePublished 12 months ago by Jorge Corral
A great book on trend following. Abraham provides great insight into thinking and psychology, money management and great guidance on using trend following systems.Published 18 months ago by Keith B
I give the author credit for introducing readers to the pragmatic side of trend following, but after that, there's nothing new here. Read morePublished 21 months ago by Sean T. Carter
Gives a good level of understanding of trading the markets. Some good information, however if you already have read about trend following, you will know it isn't as complicated as... Read morePublished 21 months ago by Ponums