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Finance books reviewed

My Investing Wish List – 2010

Lately I have been craving to read more and more investment books, as a bookworm that I am. Yes, I wear glasses and yes, I am a finance guy. So no wonder that in the last year I have been pilling up tons of investment and finance books – most of them also reviewed here, on www.doitinvest.com.

My favourite publishing house (and this is NOT an advertorial, believe me, the published did not pay a dime for this!) is Wiley – they have nice finance and investing books which seem to cover professionally some of my favourite topics. Wiley has also books which offer you some extra knowledge needed to cope well under the practical conditions of the market, so I think my desire became at a moment self explanatory.

So here’s my favorite finance and investing books wish list – maybe by Christmas somebody from the Wiley Publishing House will pile those up and send them to me in a big postal package! Then I am guaranteed not to leave my house for the whole winter and just to keep on reading!!Read More »My Investing Wish List – 2010

Book Review – “Trade the Trader” by Quint Tatro

Trade the trader book review by www.doitinvest.comOne more book about trading various financial assets… Shouldn’t the world be tired about these?

I guess not. Trading is a financial knowledge field which advances at a blistering pace, not only technologically, but also behaviorally. Take for example the way the introduction of the Ipad has changed the trading behavior of the masses – now you can research, plan and place your orders online, straight from your morning coffee table. Isn’t this brave new world wonderful?

Yes it is my friends. But it is also dramatically different from one year ago. Think about it a little – how many traders are now online compared with 5 years ago? (this means increased competition, right?) How many tools are you using today compared with one year previously? How did the playing field changed?

Read More »Book Review – “Trade the Trader” by Quint Tatro

A Book Review – “Full of Bull: Do What Wall Street Does, Not What It Says, To Make Money in the Market” – by Stephen T. McClellan

Two weeks ago, I was posted a review copy of the Stephen T. McClellan’s title “Full of Bull: Do What Wall Street Does, Not What It Says, To Make Money in the Market”. Below you can find our doitinvest.com review…
I was quite curious about the book since it had a good press from other reviewers. Furthermore, the author was an investment analyst for quite a long time by then, so I thought it would be interesting to see the insider’s guide on how the big banks treat their investments.

Much of the text is autobiographical anecdotes about what it’s like to be an analyst. Those parts reminded me of “Beat the Forex Dealer”, the book written by Augusto Silviani, where he has a nice small chapter dedicated to the investment analysts. Silviani told there that the analysts are…well… full of you know what. The argument was that their only job became to protect the guild and not to balance too much on one side or another, unless there was overriding evidence on it. In other words, cover yourself and be able to pretend at any time that you were on the winning side.
The book works pretty well for the reader, since McClellan has some years of experience in the field. Read More »A Book Review – “Full of Bull: Do What Wall Street Does, Not What It Says, To Make Money in the Market” – by Stephen T. McClellan

A Book Review – “Harmonic Trading – Profiting from the Natural Order of the Financial Markets” – volume 1 by Scott M. Carney

There are various opinion currents in the technical analysis. One of the recent ones appeals to the natural order of the markets and to uncovering patterns which appear from time to time. This approach to technical analysis does not try to find models where there is none. Rather the natural order trading is trying to catch patterns as they emerge and ride them for the benefit of the trader. These things said, “Harmonic Trading – Profiting from the Natural Order of the Financial Markets” is a book which uncovers several such patterns for the benefit of the trader.

Scott Carney, founder and president of a company called (surprise surprise) “Harmonic Trading”, has studied quite a long time these patterns. His experience started with the Fibonacci approach, a trading method which uses the Fibonacci numbers to predict the most probable incoming price levels. This is a probabilistic approach and, like all the methods based on probabilities, it chases patterns where over the long term you are more likely to offset losses with your gains (rather than the other way around). Read More »A Book Review – “Harmonic Trading – Profiting from the Natural Order of the Financial Markets” – volume 1 by Scott M. Carney