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This book cries out to be placed in any trader's library. Brent does a superb job of outlining, exploring and evaluating the current state of position sizing algorithms. As successful traders know, money management is one of the three pillars of trading success. He also provides a unique trading plan. A great book!
--Ray Barros, Professional Trader and Fund Manager and Author of The Nature of Trends
This book is a "must-read" for anybody approaching the world of trading but also for skilled traders. I've read many books but this is the one I wished I had found when I was starting this adventure. Brent addresses exactly what a trader should really focus on.
--Andrea Unger, Winner of the World Cup Championship of Futures Trading® 2008 & 2009
Normally when asked to review a book, I will skim through it and make a few comments. With this book, I just kept reading-I couldn't stop! Brent has an amazing ability to tell it like it is. His "Just One Piece of Advice" section is brilliant, and worth the price of the book many times over. If you have a genuine deep desire to be a consistently profitable trader and want to learn what traders really need to know as opposed to what most think they need to know, do yourself a favor and read this-please!
--Stuart McPhee, Trader and Author of Trading in a Nut Shell
In my 25 years in the market I have read and seen just about every trading book there is. Very few get to the crux of trading like Brent has. Get it. Read it. This is not your typical trading book, this is a comprehensive book written by a real trader for traders, everyday people who are serious about becoming successful traders.
--John (JR) Robertson, Director, I-Deal Financial Group
Crawling in the right direction beats running in the wrong direction every time and Universal Principles of Successful Trading will definitely get you heading in the right direction. Straight forward language, simple concepts and emphasis given where emphasis is needed. I wish this book was around when I started out because to master the markets now all you have to do is master this book.
--Alan Hull, Trader and Fund Manager and Author of Active Investing
When Brent asked me to review his new book The Universal Principles of Successful Trading I was both excited and curious. Having read his first book and recommended it to many of my clients I knew to expect something big. Brent is one of the very few authors who actually puts into practice the strategies he espouses, which lends great credibility to his words. He provides the most comprehensive approach to the various strategies of money management I've ever seen. A must read for anyone serious about trading.
--David Montuoro, Futures Broker and Director, Bellmont Securities
Concise, to the point, and relevant for gaining the trading skills and strategies needed to maneuver in today's marketplace, Brent provides a clear road map on how to emulate the elite traders who consistently win over the long-term. Forget the hype you hear about trading and get this book. Read it, read it and read it again. And then study it until your eyeballs drop out. Brent keeps it real and if you can too then you may just find yourself in the exclusive 10 percent winner's circle! This book is destined to become a trading classic.
--Steve Mater, CFD Business Development, MF Global
In his first book Brent hits the nail on the head with a down to earth, no nonsense explanation of what you need to be a successful active trader. I haven't seen a more practical guidebook for traders in over 20 years in the financial markets. If you want to stop being in the 90 percent of traders who lose and join the elite 10 percent who win, then I suggest you throw out all your other textbooks and read this book from cover to cover. This is a book written for traders by a trader and is the obvious starting point for a successful trading career.
--Tony Makowiak, Head of Dealing, Aliom Pty Ltd
In this ground-breaking book from top trader, Brent Penfold, the reader will:
And many more exciting trading and strategies secrets.
Supporting the universal principles are rare interviews from a diverse group of successful traders. Some are the new young guns of trading and others are market legends who are trading just as actively today as they were over 50 years ago. They represent a diverse group of traders from the United Kingdom, America, Singapore, Hong Kong, Italy, and Australia. All of them have generously agreed to offer the reader one singularly powerful piece of advice to help them towards their trading goals. Each piece of advice emphasizes an essential element of the universal principles.
This timely and exciting book from Brent Penfold has already garnered many accolades and looks set to become a modern-day classic.
A fantasitic book for the individual traders. One of the best investment book I have read. Well organized and practical.Published 14 months ago by Jackie Ye
He has to be the most negative trader I've met..... I've survived and met many people who make a living trading..... deal with it!
The Australian trading community has produced a number of insightful, straight talking, down to earth author-traders. Brent Penfold is clearly one of them. Read morePublished 16 months ago by Sailor Dunc
This book can give you answers if you know the questions. It is better but not necessary to know something about trading first. Read morePublished 20 months ago by FH
This review is more on AMAZON.COM than on the book because I have been very frustrated with them. The book has lots of tables and charts that help you understand the content of... Read morePublished 21 months ago by D. Fenn
Brent Penfold book is very good for money management he walks you through the principles to avoiding Risk of Ruin. Read morePublished 21 months ago by H. Switzerland
This must be one of the best trading books available, certainly for people early in their progress. It has a rare combination of common sense and emphasis on money management. Read morePublished 22 months ago by mjs
This is a wonderful book. It provides an intelligible and comprehensive guide for traders of all levels; not just on making money in any market but more importantly on staying... Read morePublished 23 months ago by Adrian McCallum
The author used to be a technical analysis advocate but now has converted to trading based on mechanical system. So keep this in mind when reading it. Read morePublished on June 30, 2012 by Mike Lai