The latest book news and Trading FAQs contributor updates
The newly expanded and updated version of the FAQ book will be published under the Trade2Win banner. This will be the first of what is expected to be a series of books published by Trade2Win as a way to support its primary mission to bring active traders together to learn and exchange information and ideas. It was the repetition of certain questions in forums like the one at Trade2Win (which has over 200,000 registered members) which motivated the creation of the FAQ in the first place.
Over the days and weeks ahead the updated format will be finalized and the release plan will unfold.
In 1979 Mike Reed was attending a BIG TEN college on a full ride baseball scholarship, and was being scouted by a number of Major League Baseball teams. However in the summer of ’79, while water skiing with some friends, he had a diving accident that abruptly ended his chances for a career in professional baseball. One day his father brought him the Wall Street Journal, pointed out the Options page saying, “You can make a lot of money from a little if you know what to do with those.” Mike’s interest was piqued, so he got a book on options and how to read a ticker tape. Watching the ticker tape, he began charting on paper, on 15 minute intervals, plotting prices and getting a feel for the price action. Thus began his obsession with the market.
In the mid ’80s Reed happened across a mentor – an experienced trader who helped him on his way. After a few years of following him on his morning market comment, Mike bought his first PC and some options pricing software, and developed a batch of his own indicators and patterns that give low risk/ high profit potential opportunities.
Mike continued to trade OEX Options for the next 4-5 years, and by the late ’80s/early ‘90s, started day trading the big SP Futures and the NYFE (tracked NYSE Composite), which at the time was known as the “poor man’s futures contract. Throughout the 1990s he participated in a number of investment and trading forums. The advent of the internet, and the thirst for knowledge of fellow traders spurred him to put his market observations into print. Through perseverance, drive, and hard work, in 1996 Reed started writing his daily short term trader update that has since grown to a wide readership.
Phil Newton is a self taught trader who managed to start his trading career with a high degree of success. He’ll admit, though, this doesn’t mean to say he doesn’t have his fair share of loosing trades. Phil has always been interested in trading from a very early age and started reading what he could about technical analysis when he was about 16. That started with hand drawing charts of the FSTE100 and some stocks at about the same time.
Phil made his first trade when he was 18. At 25 he was trading full time and has never thought about doing anything else for a career.
Newton has written articles for several forex magazines and generally keeps his head down researching new ideas for his proprietary trading methods. He can usually be found skulking behind his trade desk showing new traders how to trade by showing how he trades in real time.
Full-Time Trader, Educator
Richard Joyson, aka Mr. Charts, is a full time intra-day trader of US stocks and has taught at many venues including the Bloomberg TV Centre in London.
Richard was a dentist for many years until giving up his practice to trade for a living in 2000. He altered the course of his life and achieved the dream so many wish for by changing career.
Joyson runs a subscription live alert and educational site where he alerts members to stocks he is looking to trade before he actually trades them. He teaches his methods face-to-face one-to-one, and also by phone and emailed images to people all over the world.
Richard has also developed another remote course using videos of the essentials of his methods which are available for sale. You can learn more on his website www.nasdaq-nyse-trading-courses.com/
Analyst, Broker, Columnist, Author
Carley is the author of A Trader’s First Book on Commodities and Commodity Options published by FT Press, a division of Prentice Hall. She has also contributed to the FT Press Delivers line of digital products, Insights for the Agile Investor. Her e-newsletters, The Stock Index Report and the Bond Bulletin, are widely distributed by DeCarley Trading and have garnered a loyal following.
Carley jumped into the options and futures industry with both feet in early 2004 and has become one of the most recognized names in the business. Throughout her fast paced career, she has been featured in the likes of Stocks & Commodities, Futures, Active Trader, Option Trader, Your Trading Edge, and Pitnews Magazine. Carley is often interviewed by news services such as Reuters and Dow Jones Newswire, and has been quoted by the Investor’s Business Daily and the Wall Street Journal. She has also been known to participate in Radio interviews. She is also proactive in providing free trading education. For details visit www.DeCarleyTrading.com.
Trader, Author, Educator
A true innovator, Guy Cohen is the creator and originator of The OVI Index, Private Traders Club, Flag-Trader, Illuminati-Trader and OptionEasy. He is the author of the best selling trading books Options Made Easy, The Bible of Options Strategies and Volatile Markets Made Easy (FT Prentice Hall) and has extensive experience of derivatives and stock markets.
Guy’s specialism is in stock market trading and he has created numerous online applications for stocks and options traders, with his hallmark being his user-friendly approach and liberal use of illustrations. His clients include NYSE Euronext, the largest stock exchange in the world, and FT Prentice Hall.
Guy is also the author of Your Gut Feeling, which details his complete cure from ulcerative colitis, how he has helped others, and how anyone else can duplicate his method.
An established and entertaining speaker, Guy has an MBA (Finance) from City University (Cass) Business School, London.
For more information about Guy’s trading products go to www.privatetraders.club.com.
For more information about “Your Gut Feeling” go to www.yourgutfeeling.com.
John Forman is to be congratulated for bringing together the most frequently asked questions that most new traders want answered and in so doing gathers some of the best traders/writers of our time to answer them. Trading FAQs will guide you through all the basics as each question is answered with copious knowledge and experience, mostly with a common thread that all of us would be wise to adhere. Anyone new to trading can, and most will, inherit the pitfalls of trading if we blindly act without taking heed. Read the verse, take note of the gems, and use the experience of the pros to guide your trading knowledge.
Thanks John for taking the time to bring all these mentors to your quest of making us all better traders
– Len Moss
I’ve only read chapters 1 to 4 and I must say it is one of the best if not the best work I’ve read on trading, its honest and provides years of experience to the reader. I’ve only been trading a few years, managed to keep my original capital, luckily, and I wish I read something like this years ago. However a thought, maybe then I was not ready for it, I remember once I thought what a load of garbage money management and risk assessment was. Now I couldn’t trade without position sizing and money and risk analysis along with stop losses. Averaging down was one of my most silly mistakes. Can’t wait to finish the last chapters. Keep up the good work and as they say in Australia, “you’re on a winner”
- Gil D.
I’m sitting reading your book and I just have to tell you that SO far it’s REALLY good. It’s invaluable really (and even after all this time spent there are things that are being made clearer to me simply by virtue of the fact that they’re being CLEARLY explained by people who KNOW what they’re talking about)!!! It’s ‘Gold’ for a new trader.
The segment on Value I think is very important. As a newbie wannabe trader, I spent COUNTLESS hours researching on the internet, going from one forum to another, newsletters, this and that. It’s a simple formula:
Time X my hourly wage = Cost of the information
I wish I had this when I first decided to be a trader. At least I would be able to get past much of the noise. The FAQ is a great value because for what is probably less than the hourly wage of most middle class people, you save hours of researching to get the same or better answers. However, one should always keep his/her critical thinking skills in tact. There is no right or wrong, just what is suitable for oneself. Of course one must also be aware of ones own delusions.
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"John truly did a terrific job. And while the intent was to help beginning traders with informative and diverse answers on a wide range of topics, I'd have to say John overshot his goal. You don't need to be a beginner to gain something from the book. Rob Hanna - Quantifiable"
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What's the little bird saying?
- The first cut of the hard copy FAQ has arrived. Gotta say it actually looks better than expected. There are plenty... http://fb.me/IdnETGyY 2010-09-27
- John Forman, the FAQs author/editor, is the feature interview in the latest edition of Stocks & Commodities. http://fb.me/Gg9xzq3j 2010-09-21
- FAQs author/editor John Forman's Futures & Forex Expo presentation will be webcast Saturday:... http://fb.me/Iav5mO0w 2010-09-20
- More updates...