Investing Book Review – “International Financial Statements Analysis” by
Thomas R. Robinson, CFA, Hennie van Greuning, CFA, Elaine Henry, CFA, Michael A. Broihahn, CFA
This week I managed to finish reading another monster book in finance – “International Financial Statements Analysis” which is specifically targeted for the CFA (Chartered Financial Analysts) students and professionals. To be honest, I was impressed when I first looked at this book – it looked very dense, and packed with various topics which had a vague resemblance with some of my studies I had in the past. At least on the surface… So at first I was very curious – what did it contain? Read more
Well, I was looking for a long time after an easier book on technical analysis techniques using a programming language. In other words, I was in for a book where you do not get only the usual lengthy descriptions of various trading techniques and their charts with pointers. After all, it is easy to develop a technique and let it fit with any possible trading – in hindsight.
What I was looking for was a simple way to improve my trading skills and to limit my forex trading risks. If possible, for a book which could be rather practical than conceptual, from which I could learn some code snippets and apply those to trading.
The good news is that there is such a book. “Volatility-Based Technical Analysis: Strategies for Trading the Invisible” by Kirk Northington fills a gap between the individual knowledge of a single trader and the collective wisdom of the large financial institutions. In other words, Northington teaches you how to trade individually using the techniques and the leverages of a large institution. This is a big advantage, especially since the rise of the trading platforms which are so easy to use nowadays online. And where the risk is so high and it is so easy to loose large amounts of money in the blink of an eye 🙂