Featured Small Business Tools Finance Book for 12/3/2008

The review below was found the most useful by the most people.

---

If you are serious about being a successful trader you really ought to consider the small price of this book. Way smaller than any one single stupid trade you will do at some point in your trading career... and this book will help steer you away from that stupid trade.

This book will teach you in a clear and concise way how to become a professional trader. How?

This book is excellent at explaining some key aspects of Technical and Fundamental Analysis. But no - that's not the reason why you should buy this book. I mean there are plenty of other resources where you can learn this type of analysis... and being excellent at fundamental and technical analysis does not mean you will be a successful trader.

There are some excellent explanations of how the Gold, Oil, bond and equity markets are all linked to the largest market of all.... Currencies.

There are some plain simple answers as to why a price goes up up up and then stops dead at a particular level. Why the market falls just after you buy only to shoots up again just after you decide to take the loss.

But what really stands out for me, in this book, is that it taught me how to run my trading account as a business. Understanding how much I should be trading at any given time. How to control my emotions by planning my trade well in advance and only executing if the market does what I planned it might do. If it doesn't then I do not trade. ...and this book also taught me how to examine my trades and find faults. Makes you think twice about putting on a trade if you know you are going to have to justify your actions in writing.

The writer, Mr Wayne McDonell, explains what technical indicators he uses and why, what fundamental analysis he does and why. But what really makes him stand out as the real deal is that he invites you to view him live, once a month, for FREE on the internet where he puts his words into practice.

Callahan

---