Details

The Trend Following Bible

How Professional Traders Compound Wealth and Manage Risk
Wiley Trading 1. Aufl.

von: Andrew Abraham, David Druz
50,99 €
Verlag:	Wiley
Format:	PDF
Veröffentl.:	03.12.2012
ISBN/EAN:	9781118421864
Sprache:	englisch
Anzahl Seiten:	224

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Beschreibungen

Titelbeschreibung

A proven approach to trading success based on the best commodity trading advisors Profiting from long-term trends is the most common path to success for traders. The challenge is recognizing the emergence of a trend and determining where to enter and exit the market. The Trend Following Bible shows individual traders and investors how to profit from this approach by trading like today's top commodity trading advisors. In this book, author Andrew Abraham stresses the importance of a disciplined, consistent methodology, with stringent risk controls, that allows you to catch big trends, while limiting losses on unprofitable trades. By trading in this manner, he shows you how to successfully achieve market-beating returns over the long term and multiple your trading capital along the way. <ul> <li>Reveals exactly how top commodity trading advisors operate and how individuals can incorporate these methods into their everyday trading endeavors</li> <li>Addresses key issues like position sizing and risk control, which are critical to trading success, but often underemphasized in other trading literature</li> <li>Highlights how to effectively execute the trading strategies outlined</li> </ul> Engaging and accessible, The Trend Following Bible will put you in a better position to profit as you make more informed trading decisions.

Inhaltsverzeichnis

Foreword ix Preface xiii Introduction My Journey as a Trend Follower 1 Chapter 1 Get a Savvy Start 9 Can You Really Make a Living as a Trend Follower? Chapter 2 Getting the Most Out of This Method 25 Chapter 3 Why Trend Following? 35 Chapter 4 How Successful Trend Followers Trade 49 Chapter 5 Managing the Risks when Trend Following 81 Chapter 6 Your Complete Robust Trading Plan 95 Chapter 7 Trend Breakouts 107 Chapter 8 Trend Retracements 121 Chapter 9 The Trend Follower Mindset 137 Chapter 10 My Trading Journal 161 Conclusion 193 Disclosure 195 Index 197

Autorenportrait

ANDREW ABRAHAM is a commodity trading advisor at the firm he founded, Abraham Investment Management. He specializes in trend following, utilizing stringent risk management techniques to limit losses, and capturing a small number of major trends to drive returns. Abraham has been trading for his account and with other CTAs since the mid-1990s. He has written for a number of industry publications including Technical Analysis of Stocks & Commodities, Investment Advisor magazine, and SeekingAlpha.com. Abraham speaks regularly at Traders Expo and other trading industry conferences and has done webinars for MetaStock and Reuters.

Back cover copy

There is no easy way to make money in today’s markets. If you’re looking for get-rich-quick advice or the holy grail of trading, the only thing you’re really doing is wasting time and money. In order to truly excel at this difficult endeavor, you have to work hard, stay focused, and follow a method that will put the odds of success in your favor. Nobody knows this better than author Andrew Abraham—a commodity trading advisor with over eighteen years of experience using trend following techniques to compound wealth and manage risk. And now, in The Trend Following Bible, he shares valuable insights, from the perspective of a professional who trades for a living, of what you need to know and internalize to become a consistent and successful trend trader over time. Written with the serious trader in mind, this unique guide skillfully puts trend trading in perspective. It discusses the development of a robust trading plan, which is applicable to all time frames and markets, details how to manage the inherent risks of trading, and reveals how important patience and discipline are in order to see your plan through. Along the way, Abraham explains the psychology behind successful trend trading, provides practical examples of traders who have applied it, and addresses the underlying principles you’ll need to know in order to make this approach work for you—from trading the best markets, betting small, and using stop-losses to trading with the trend, cutting losses, and avoiding overtrading. Trend trading is a journey filled with ups and downs. But by taking the ideas found here, and applying them to your own personality and risk tolerance, you’ll discover what it really takes to capture trends and make money with them in the long run.