{"product_id":"winning-the-trading-game-why-95-of-traders-lose-and-what-you-must-do-to-win-hardback-9780470169957","title":"Winning the Trading Game; Why 95% of Traders Lose and What You Must Do To Win (Hardback) 9780470169957","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eWinning the Trading Game\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eWhy 95% of Traders Lose and What You Must Do To Win\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eNoble DraKoln (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470169957, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 23 May 2008\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e304 pages, Screen captures: 57 B\u0026amp;W, 0 Color; Tables: 7 B\u0026amp;W, 0 Color\u003cbr\u003e23.6 x 16 x 2.8 cm, 0.499 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eDer Zweck dieses Buches ist es, angehenden Kaufleuten die mentale Disziplin und praktischen Fertigkeiten, die von erfahrenen und professionellen Handlern genutzt werden, beizubringen. Es wird erklart, wie man die drei wesentlichen Fertigkeiten des Handels meistert: Money-Management, technische Analyse, Risiko und Kontrolle. Das Ziel dabei ist, die Spielermentalitat des \"wahllos Aussuchena\" durch eine Reihe richtiger Handelssysteme zu ersetzen, die den Handler sowohl durch Gewinn als auch Verlust fuhren. Sobald der Durchschnittsanleger diese neuen Fahigkeiten erlernt hat, ist er oder sie in der Lage, die Kontrolle uber Futures und Forex zu gewinnen, so wie die Profis es schon immer getan haben.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I More Life at the End of Your Money 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Need to Build Wealth 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRetiring Early 4\u003c\/p\u003e \u003cp\u003eNegative Savings Rate 5\u003c\/p\u003e \u003cp\u003eSocial Security 6\u003c\/p\u003e \u003cp\u003eConclusion 8\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Money-Making Megatrends 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIndustrialization 12\u003c\/p\u003e \u003cp\u003eEmerging Markets 13\u003c\/p\u003e \u003cp\u003eChina 13\u003c\/p\u003e \u003cp\u003eIndia 14\u003c\/p\u003e \u003cp\u003eBrazil 14\u003c\/p\u003e \u003cp\u003eRussia 15\u003c\/p\u003e \u003cp\u003eMexico 15\u003c\/p\u003e \u003cp\u003eOther Emerging-Market Countries 16\u003c\/p\u003e \u003cp\u003eResources under Fire 16\u003c\/p\u003e \u003cp\u003eFood 17\u003c\/p\u003e \u003cp\u003eWater 17\u003c\/p\u003e \u003cp\u003eEnergy 18\u003c\/p\u003e \u003cp\u003eEthanol—The Gasoline Alternative 19\u003c\/p\u003e \u003cp\u003eFutures, Forex, or Stocks? 20\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 What Type of Investor Are You? 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eYale Study 24\u003c\/p\u003e \u003cp\u003eWhat Are the Returns to Investing in Commodity Futures, and How Do These Returns Compare to Investing in Stocks and Bonds? 24\u003c\/p\u003e \u003cp\u003eAre Commodity Futures Riskier Than Stocks? 25\u003c\/p\u003e \u003cp\u003eCan Commodity Futures Provide Diversification to Other Asset Classes? 25\u003c\/p\u003e \u003cp\u003ePros and Cons 25\u003c\/p\u003e \u003cp\u003eTypes of Investors 26\u003c\/p\u003e \u003cp\u003eType A Investor 26\u003c\/p\u003e \u003cp\u003eType B Investor 30\u003c\/p\u003e \u003cp\u003eFatal Market Conditions 32\u003c\/p\u003e \u003cp\u003eGold and Silver Cornering 32\u003c\/p\u003e \u003cp\u003eInterest Rate Backfire 33\u003c\/p\u003e \u003cp\u003eAsian Flu 34\u003c\/p\u003e \u003cp\u003eWhere You Fit in 35\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Why 95% of Investors Fail at Futures and Forex 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The World of Futures and Forex 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFutures and Options 40\u003c\/p\u003e \u003cp\u003eHedgers and Speculators 41\u003c\/p\u003e \u003cp\u003eFutures Exchanges 42\u003c\/p\u003e \u003cp\u003eWhat Markets Are Traded? 44\u003c\/p\u003e \u003cp\u003eForeign Exchange (Forex) 44\u003c\/p\u003e \u003cp\u003eWhat Is the Spot Market? 45\u003c\/p\u003e \u003cp\u003eImporters and Exporters 45\u003c\/p\u003e \u003cp\u003eOTC Forex Contracts 47\u003c\/p\u003e \u003cp\u003eHow Is the Spot Price Calculated? 47\u003c\/p\u003e \u003cp\u003eOTC Participants 48\u003c\/p\u003e \u003cp\u003eComponents of OTC Contracts 49\u003c\/p\u003e \u003cp\u003eTypes of Positions and Orders 49\u003c\/p\u003e \u003cp\u003ePositions 49\u003c\/p\u003e \u003cp\u003eTypes of Orders 50\u003c\/p\u003e \u003cp\u003eOptions 50\u003c\/p\u003e \u003cp\u003eOption Rights vs. Obligations 50\u003c\/p\u003e \u003cp\u003ePremiums 51\u003c\/p\u003e \u003cp\u003eTime 51\u003c\/p\u003e \u003cp\u003eTypes of Options 52\u003c\/p\u003e \u003cp\u003eConclusion 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 The Fallacy of Traditional Stock Investment Beliefs 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFutures and Forex Investing Is Not New 56\u003c\/p\u003e \u003cp\u003eWhat You Don’t Know Can Hurt You 57\u003c\/p\u003e \u003cp\u003eExplaining the Strategies 58\u003c\/p\u003e \u003cp\u003eBuy and Hold 58\u003c\/p\u003e \u003cp\u003eDollar Cost Averaging 60\u003c\/p\u003e \u003cp\u003eValue Investing 61\u003c\/p\u003e \u003cp\u003ePortfolio Diversification 63\u003c\/p\u003e \u003cp\u003eMargin 65\u003c\/p\u003e \u003cp\u003eDon’t Short the Market! 66\u003c\/p\u003e \u003cp\u003eFear Leverage! 68\u003c\/p\u003e \u003cp\u003eGood Use of Leverage 68\u003c\/p\u003e \u003cp\u003eNeutral Use of Leverage 69\u003c\/p\u003e \u003cp\u003eBad Use of Leverage 69\u003c\/p\u003e \u003cp\u003eMyth Busting 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 How to Be Among the 5% Who Win at Trading 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Reality 71\u003c\/p\u003e \u003cp\u003eTrading with Emotions 72\u003c\/p\u003e \u003cp\u003eIn the Beginning: Happiness 72\u003c\/p\u003e \u003cp\u003eNext Comes: Greed 72\u003c\/p\u003e \u003cp\u003eFollowed Up by: Fear 73\u003c\/p\u003e \u003cp\u003eWhich Leads to: Sorrow 73\u003c\/p\u003e \u003cp\u003eNext You Have: Frustration 74\u003c\/p\u003e \u003cp\u003eFinally: Defeat 74\u003c\/p\u003e \u003cp\u003eWhat the Other 5% Are Doing 75\u003c\/p\u003e \u003cp\u003eSelecting Trades Properly 75\u003c\/p\u003e \u003cp\u003eEntering Trades Properly 76\u003c\/p\u003e \u003cp\u003eMonitoring the Trade 76\u003c\/p\u003e \u003cp\u003eExiting the Trade 77\u003c\/p\u003e \u003cp\u003eBattling the Demons of Fear and Greed 77\u003c\/p\u003e \u003cp\u003eHolding Losing Trades 78\u003c\/p\u003e \u003cp\u003eChasing Markets 78\u003c\/p\u003e \u003cp\u003eOverleveraging Your Account 79\u003c\/p\u003e \u003cp\u003eSo What Does It Take to Be a 5% Trader? 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Becoming a Speculator 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSpeculation vs. Gambling 82\u003c\/p\u003e \u003cp\u003eLet’s Define Gambling Addiction 83\u003c\/p\u003e \u003cp\u003eCould Trading Represent a Form of “Gambling Addiction” for You? 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Symptoms of Gambling Addiction 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSeeking Assistance 87\u003c\/p\u003e \u003cp\u003eTheRoleofaSpeculator 87\u003c\/p\u003e \u003cp\u003eAre You a Sucker or a Speculator? 88\u003c\/p\u003e \u003cp\u003eThe Three Keys to Success 90\u003c\/p\u003e \u003cp\u003eMoney Management 91\u003c\/p\u003e \u003cp\u003eTechnical Analysis 91\u003c\/p\u003e \u003cp\u003eRisk Management 92\u003c\/p\u003e \u003cp\u003eUsing the Keys to Map Out Your Journey 92\u003c\/p\u003e \u003cp\u003eTrading Plan 93\u003c\/p\u003e \u003cp\u003eTrade Worksheet 101\u003c\/p\u003e \u003cp\u003eTrade Journal 101\u003c\/p\u003e \u003cp\u003ePulling It All Together 103\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Seven Lessons for Trading Success 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Lesson 1: Developing a Trading Plan 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMyths of Trading 110\u003c\/p\u003e \u003cp\u003eWhat Markets Should You Trade? 112\u003c\/p\u003e \u003cp\u003e1. Get a Margin Sheet of All of the Tradable Markets 113\u003c\/p\u003e \u003cp\u003e2. Understand Initial Margin and Maintenance Margin 119\u003c\/p\u003e \u003cp\u003e3. Figure Out Which Markets Have Margins Less Than Your Account 120\u003c\/p\u003e \u003cp\u003e4. Learn Minimum Tick or Point Values of Those Markets 120\u003c\/p\u003e \u003cp\u003e5. Determine Average True Range to Choose Acceptable Volatility 121\u003c\/p\u003e \u003cp\u003e6. Organize “Short-Listed” Markets from Least to Most Volatile 122\u003c\/p\u003e \u003cp\u003e7. Check the “Open Interest” for Each Market to Find the Most Liquid 123\u003c\/p\u003e \u003cp\u003eWhat You Have Accomplished 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Lesson 2: Preparing to Speculate 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eYour Money, Your Emotions 133\u003c\/p\u003e \u003cp\u003eDefining Fear 133\u003c\/p\u003e \u003cp\u003eOvercoming Fear 136\u003c\/p\u003e \u003cp\u003eDefining Greed 136\u003c\/p\u003e \u003cp\u003eOvercoming Greed 140\u003c\/p\u003e \u003cp\u003eSetting Trading Goals for Yourself 140\u003c\/p\u003e \u003cp\u003eWhy Am I Investing in Futures\/Forex? 141\u003c\/p\u003e \u003cp\u003eWhat Percentage Return Am I Looking For? 142\u003c\/p\u003e \u003cp\u003eWhen Will I Know If I Have Succeeded? 143\u003c\/p\u003e \u003cp\u003eMoney Management Rules 144\u003c\/p\u003e \u003cp\u003eYour Capital 145\u003c\/p\u003e \u003cp\u003eYour Account 146\u003c\/p\u003e \u003cp\u003eYour Trades 147\u003c\/p\u003e \u003cp\u003eConclusion 148\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Lesson 3: Choosing Your Technical Indicators 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFundamental versus Technical Analysis 152\u003c\/p\u003e \u003cp\u003eWhy Technical Analysis Works 153\u003c\/p\u003e \u003cp\u003eTechnical Analysis Strengths and Weaknesses 155\u003c\/p\u003e \u003cp\u003eStrengths 155\u003c\/p\u003e \u003cp\u003eWeaknesses 156\u003c\/p\u003e \u003cp\u003eQuestions for Technical Indicators 158\u003c\/p\u003e \u003cp\u003eWhere Is the Market Going? 158\u003c\/p\u003e \u003cp\u003eHow Quickly Is It Getting There? 163\u003c\/p\u003e \u003cp\u003eWhen Has It Arrived? 168\u003c\/p\u003e \u003cp\u003eLiverpool Trader Checklist 172\u003c\/p\u003e \u003cp\u003eBlack Box and Systems Trading 173\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Lesson 4: Developing Tactics for Entering and Exiting the Market 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFive Tools for Entry\/Exit 177\u003c\/p\u003e \u003cp\u003eResistance and Support 177\u003c\/p\u003e \u003cp\u003eFibonacci Retracements 181\u003c\/p\u003e \u003cp\u003eAverage True Range 183\u003c\/p\u003e \u003cp\u003eMoving Average 184\u003c\/p\u003e \u003cp\u003eCandlestick Patterns 187\u003c\/p\u003e \u003cp\u003eTrading Is a Team Sport 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Lesson 5: Analyzing Your Opponents and the Market 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMarket Players 201\u003c\/p\u003e \u003cp\u003eHedging Examples 202\u003c\/p\u003e \u003cp\u003eContango and Backwardation 203\u003c\/p\u003e \u003cp\u003eSpeculators 206\u003c\/p\u003e \u003cp\u003eSophisticated Speculators 207\u003c\/p\u003e \u003cp\u003eGround Rules for Speculators Using Hedging Techniques as a Risk Management Strategy 207\u003c\/p\u003e \u003cp\u003eExamples of Why Hedging Can Be Important 208\u003c\/p\u003e \u003cp\u003eWhat Can We Learn? 211\u003c\/p\u003e \u003cp\u003eAnalyzing the Markets: Volume, Open Interest, and Liquidity 212\u003c\/p\u003e \u003cp\u003eMastering Fundamental Reports 214\u003c\/p\u003e \u003cp\u003eTip for Active Traders 215\u003c\/p\u003e \u003cp\u003eTip for Swing Traders 215\u003c\/p\u003e \u003cp\u003ePosition Traders 215\u003c\/p\u003e \u003cp\u003eConclusion 216\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Lesson 6: Managing Risk 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStock Investment Truisms 218\u003c\/p\u003e \u003cp\u003eWhat You Should Believe 219\u003c\/p\u003e \u003cp\u003eBelief 1: Being Both Long and Short the Market Is Not the Same as Being Neutral the Trade 219\u003c\/p\u003e \u003cp\u003eBelief 2: These Markets Were First Designed as Insurance Vehicles, Not to Be Speculated On 220\u003c\/p\u003e \u003cp\u003eBelief 3: It Is Too Difficult to Understand\/Learn 220\u003c\/p\u003e \u003cp\u003eBelief 4: There Are Only Three Ways the Market Can Move: Up, Down, and Sideways 220\u003c\/p\u003e \u003cp\u003eSuccess and Failure in Trading 221\u003c\/p\u003e \u003cp\u003eWhat Makes It Different from Money Management 223\u003c\/p\u003e \u003cp\u003eDon’t Expect a Miracle 224\u003c\/p\u003e \u003cp\u003eStops—A Bad Habit 225\u003c\/p\u003e \u003cp\u003ePower of the Limit Order 227\u003c\/p\u003e \u003cp\u003eDetermine What Type of Trader You Are 227\u003c\/p\u003e \u003cp\u003eDay Trader 228\u003c\/p\u003e \u003cp\u003eSwing Trader 228\u003c\/p\u003e \u003cp\u003ePosition Trader 228\u003c\/p\u003e \u003cp\u003eWhat Risk Management tools Can Do for You 229\u003c\/p\u003e \u003cp\u003eNine Risk Management Tactics 229\u003c\/p\u003e \u003cp\u003e1. Synthetics 231\u003c\/p\u003e \u003cp\u003e2. Spread Trading 235\u003c\/p\u003e \u003cp\u003e3. Hard Stops 237\u003c\/p\u003e \u003cp\u003e4. Covered Option 239\u003c\/p\u003e \u003cp\u003e5. Hedges 241\u003c\/p\u003e \u003cp\u003e6. Collars 243\u003c\/p\u003e \u003cp\u003e7. Straddles 245\u003c\/p\u003e \u003cp\u003e8. Strangles 247\u003c\/p\u003e \u003cp\u003e9. Ratio Spreads 248\u003c\/p\u003e \u003cp\u003eRisk Management Tools Best Suited for Your Trading Style 250\u003c\/p\u003e \u003cp\u003eProper Risk Management 251\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Lesson 7: Building Confidence 253\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Mistakes All Traders Make 254\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Misuse Leverage 254\u003c\/p\u003e \u003cp\u003e2. Confuse Speculation with Gambling 255\u003c\/p\u003e \u003cp\u003e3. Improperly Funding Account 255\u003c\/p\u003e \u003cp\u003e4. Choosing Costs over Quality 256\u003c\/p\u003e \u003cp\u003e5. Misunderstanding the Differences of Trading 256\u003c\/p\u003e \u003cp\u003e6. Trading without a Plan 257\u003c\/p\u003e \u003cp\u003e7. Not Keeping Records of Your Trading 257\u003c\/p\u003e \u003cp\u003e8. Looking for Trading Confirmations 257\u003c\/p\u003e \u003cp\u003e9. Options Are Not the Only Leveraged Investment 258\u003c\/p\u003e \u003cp\u003e10. Lack of Understanding Regarding Money Management 258\u003c\/p\u003e \u003cp\u003eDemo Accounts and Paper Trading 258\u003c\/p\u003e \u003cp\u003eTest Account 260\u003c\/p\u003e \u003cp\u003eTrading Plan, Trade Worksheet, and Trading Journal 261\u003c\/p\u003e \u003cp\u003eTrading Plan 261\u003c\/p\u003e \u003cp\u003eTrade Worksheet 263\u003c\/p\u003e \u003cp\u003eTrading Journal 263\u003c\/p\u003e \u003cp\u003eBuilding Confidence Isn’t Easy 264\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Getting Started (The Three-Month Plan) 265\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFour Steps to Seven Lessons 266\u003c\/p\u003e \u003cp\u003eMoney Management 267\u003c\/p\u003e \u003cp\u003eTechnical Analysis 268\u003c\/p\u003e \u003cp\u003eRisk Management 269\u003c\/p\u003e \u003cp\u003ePulling It All Together 270\u003c\/p\u003e \u003cp\u003eThree Months of Work 271\u003c\/p\u003e \u003cp\u003eMonth 1: Structure 272\u003c\/p\u003e \u003cp\u003eMonth 2: Trial and Error 272\u003c\/p\u003e \u003cp\u003eMonth 3: Perfecting Your Trading 273\u003c\/p\u003e \u003cp\u003eWhat I Want for You as a Trader 274\u003c\/p\u003e \u003cp\u003eAbout the Author 277\u003c\/p\u003e \u003cp\u003eIndex 279 \u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52257148207384,"sku":"9780470169957","price":39.38,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470169957.jpg?v=1781277644","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/winning-the-trading-game-why-95-of-traders-lose-and-what-you-must-do-to-win-hardback-9780470169957","provider":"Freshly Printed Books","version":"1.0","type":"link"}