Survival Guide for Traders

Bennett A. McDowell 지음

Wiley 2011년 10월 25일 출간

작품소개

책소개

The must-have guide for anyone considering entering the exciting world of trading from homeThe biggest stumbling block for people looking to launch their own trading businesses from home is a failure to understand the complexities of the quot;back officequot; operations needed to be successful. Survival Guide for Traders is here to help. Packed with strategies for building a successful home trading business, and featuring answers to questions most up-and-coming traders would never think to ask, Survival Guide for Traders is required reading for anyone who wants to start and sustain a trading business from home.Explains how to create a trading business plan, set up an office, implement a trading system, use margin, deal with legal and financial issues, and keep appropriate recordsExamines the opportunities and challenges of handling a home-based trading businessDetails the process of setting up and organizing your trading businessIncludes a comprehensive quot;Trading Business Plan Templatequot; that you can customizeWritten by Bennett McDowell, a highly regarded trader and trainer of tradersThe book for anyone even thinking about entering the exciting world of trading, the Survival Guide for Traders offers practical solutions that anyone can use in order to build a lasting, thriving home trading business.

목차

Foreword xiiiby Toni TurnerPreface xviiAcknowledgments xixDisclaimer xxiIntroduction: Survival of the Fittest xxiiiPART I Survival Basics 1CHAPTER 1 It&-s a Jungle Out There! 3Brawn, Brains, and Technology 4Technological and Innovation Time Line 5Don&-t Bring a Knife to a Gunfight 7Right in My Own Backyard 7CHAPTER 2 Managing Your Money Is Serious Business 9Trust and Financial Advisers 10Tips on Selecting a Qualified Financial Adviser 11So, Who Are You Going to Trust? 12Creating Your Own Business Plan Will Strengthen Your Ability to Prosper 13Trade, Invest, and Live within Your Means 14CHAPTER 3 Accountability, Setting Stops, and the Rogue Factor 15Traders Are the Ultimate Entrepreneurs and Must Be Held Accountable 16Setting Stop-Loss Exits Is Essential 17The Infamous Rogue Trader Named Nick Leeson 17Watch the Rogue Trader Movie 18Insurmountable, Large Losses Usually Start As Small Losses 19CHAPTER 4 What&-s Your Net Worth? 21Net Worth Statement 21Creating Your Financial Profile 22Are You Moving Forward, Falling Backward, or Standing in Place? 28CHAPTER 5 The Life of an Entrepreneur 31New Start-Up Businesses Have High Failure Rates 31What Does It Take for a New Business to Succeed? 32Small Businesses Are the Backbone of the Economy 34Reduce Your Expenses and Increase Your Revenue 35How to Reduce Expenses 36A Penny Saved Is Really One and a Half Pennies Earned 38It&-s All About the Revenue 39CHAPTER 6 Understanding Financial Markets 41Buyer and Seller Agree on Price, but They Disagree on Value 42Buyers and Sellers and the Financial Order Flow Process 42Types of Orders 49Using Margin and Leverage 52The Importance of Liquidity and Volume 53Zero Liquidity 56Volatility and Market Gaps 58How Can the Bid and Ask, Spreads, Fills, and Slippage Affect Your Profits

작가정보

저자(글) Bennett A. McDowell

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BENNETT A. McDOWELL, founder of TradersCoach.com#174;, began his financial career on Wall Street in 1984 with J.J. Kenny, and later became a Registered Securities Broker and Financial Advisor for Prudential Securities and Morgan Stanley. He developed his own proprietary trading system, later known as the Applied Reality Trading#174; (ART#174;) system, which was released to the public in 2003 and today is used by traders in over fifty countries around the world. Considered an expert in technical analysis and complex trading platforms, McDowell lectures nationally and writes for many leading trading publications, including Technical Analysis of Stocks Commodities magazine. He has also written two other bestselling books published by Wiley, The ART#174; of Trading and A Trader's Money Management System, both released in 2008. Internationally recognized as a leader in trading education, Bennett teaches trading to students around the world through his company TradersCoach.com#174;.