Research and Markets: The Universal Principles of Successful Trading: Essential Knowledge for All Traders in All Markets Is a Ground-Breaking Book from Top Trader, Brent Penfold.
John Wiley John Wiley may refer to:
The Universal Principles of Successful Trading clearly and unambiguously articulates trading principles that distinguish the winners from the losers. Though trading can be performed in different markets, across different timeframes, and with different instruments based upon different techniques, there is one common thread that ties all winning traders together: the universal principles of successful trading. All consistently profitable traders adhere to adhere to
verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful
2. them regardless of the markets, timeframes, and techniques.
In this ground-breaking book from top trader, Brent Penfold, the reader will:
* Learn how to develop a trading plan
* Learn how to identify and create an effective methodology
* Discover successful money management strategies
* Understand trader psychology
And many more exciting trading and strategies secrets.
Supporting the universal principles are rare interviews from a diverse group of successful traders. Some are the new young guns of trading and others are market legends who are trading just as actively today as they were over 50 years ago. They represent a diverse group of traders from the United Kingdom, America, Singapore, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Italy, and Australia. All of them have generously agreed to offer the reader one singularly powerful piece of advice to help them towards their trading goals. Each piece of advice emphasizes an essential element of the universal principles.
This timely and exciting book from Brent Penfold has already garnered many accolades and looks set to become a modern-day classic.
About the Author
Brent Penfold is a full time trader, author, educator and licensed advisor. He began his career in 1983 as an institutional dealer with Bank America and today specializes in trading forex and global indices. Brent is the author of the bestselling book Trading the SPI (1) (Stateful Packet Inspection) See stateful inspection.
(2) (Service Provider Interface) The programming interface for developing Windows drivers under WOSA. (Wiley 2005) and is profiled in John Atkinson's e-book The Stock Market Wizards of Australia. Brent publishes daily newsletters for active Forex and Index traders and is a popular and sought after international speaker who has presented to traders throughout the Asia Pacific region in Singapore, Hong Kong, Malaysia, Vietnam, Thailand, India, China, Australia, and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. .
Brent is a licensed futures advisor (AFSL AFSL Australian Financial Services License 225946) and holds a Master of Commerce (Finance) degree.
Key Topics Covered:
* Chapter 1 A Reality Check.
* Chapter 2 The Process of Trading.
* Chapter 3 Principle One: Preparation.
* Chapter 4 Principle Two: Enlightenment.
* Chapter 5 Principle Three: Trading Style.
* Chapter 6 Principle Four: Markets.
* Chapter 7 Principle Five: The Three Pillars.
* Chapter 8 Money Management.
* Chapter 9 Methodology.
* Chapter 10 Psychology.
* Chapter 11 Principle Six: Trading.
* Chapter 12 Just One Piece of Advice.
* Chapter 13 A Final Word.
* Appendix A Risk-of-Ruin Simulator.
* Appendix B Risk-of-Ruin Simulator.
* Appendix C Risk-of-Ruin Simulations.
Brent gives you the opportunity to sit down with some really great traders and learn from their good and bad experiences. This should be an invaluable experience for the reader. Larry Williams, Trader
Unlike most trading books, The Universal Principles of Successful Trading covers the key principles of trading success. It even has a money management chapter-a topic which most books neglect. I recommend reading this book cover to cover several times. It will change your mind about what's important in trading. Van K. Tharp Dr. Van K. Tharp is a Psychologist, traders coach and bestselling author of Trade Your Way to Financial Freedom; Safe Strategies for Financial Freedom and Financial Freedom through Electronic Day Trading. , Ph.D., Trading Coach and President, Van Tharp Institute (www.vantharp.com), and Author of The Definitive Guide to Position Sizing Position Sizing
The dollar value being invested into a particular security by an investor. An investor's account size and risk tolerance should be taken into account when determining appropriate position sizing.
Brent Penfold has successfully provided readers with a blueprint for trading success. Not only does he cover such vital topics as trader psychology and effective money management, he also presents interviews with many successful traders and market researchers and his probing questions and their answers offer insights into their specific trading styles and psychesa "how-to" book from start to finish. Tom DeMark, Founder, Market Studies, LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control
This is one of the best books on trading to come along in a long time and I predict it will become a classic. The book covers just about every aspect necessary to become a successful trader. His discussion and conclusions on the highly promoted Gann and Fibonacci methodologies might indeed surprise you. He made over 16,000 observations of Fibonacci ratios to derive his conclusions. This section alone is well worth the price for the "wanna-be" traders who are looking for techniques that work. In summary, read this book. You will be richly rewarded for your time and effort. John Hill, President, Futures Truth Co.
Brent has compiled all the ingredients in this book. He has experience, intelligence, and knowledge that he has tapped from traders all over the world. It is so refreshing to read a book written by a "true trader" such as Brent. Mark D. Cook, Pro Trader and Creator of the Cook Cumulative Tick Indicator Tick indicator
A market indicator based on the number of stocks whose last trade was an uptick or a downtick. Used as an indicator of market sentiment or psychology to try to predict the market's trend.
In my opinion trading education is delivered in two styles: quantitative and qualitative. The vast majority of information in the trading universe is quantitative-"hard-coded" information that can be replicated by the majority. However, successful trading only comes about by an understanding of qualitative learning-how you can readily teach someone to learn to lose when it goes against everything we're brought up to believe. Brent's "Just One Piece of Advice" section is one of the best attempts to get this qualitative message across. Take it. Read it. Then read it again and again. Nick Radge, Trader and Adviser (AFSL 288200) and Author of Adaptive Analysis (www.thechartist.com.au)
This book cries out to be placed in any trader's library. Brent does a superb job of outlining, exploring and evaluating the current state of position sizing algorithms. As successful traders know, money management is one of the three pillars of trading success. He also provides a unique trading plan. A great book! Ray Barros, Professional Trader and Fund Manager and Author of The Nature of Trends
This book is a "must-read" for anybody approaching the world of trading but also for skilled traders. I've read many books but this is the one I wished I had found when I was starting this adventure. Brent addresses exactly what a trader should really focus on. Andrea Unger, Winner of the World Cup Championship of Futures Trading 2008 & 2009
Normally when asked to review a book, I will skim through it and make a few comments. With this book, I just kept reading-I couldn't stop! Brent has an amazing ability to tell it like it is. His "Just One Piece of Advice" section is brilliant, and worth the price of the book many times over. If you have a genuine deep desire to be a consistently profitable trader and want to learn what traders really need to know as opposed to what most think they need to know, do yourself a favor and read this-please! Stuart McPhee, Trader and Author of Trading in a Nut Shell
In my 25 years in the market I have read and seen just about every trading book Trading Book
The portfolio of financial instruments held by a brokerage or bank. The financial instruments in the trading book are purchased or sold to facilitate trading for their customers, to profit from spreads between the bid/ask spread, or to hedge against various types of there is. Very few get to the crux of trading like Brent has. Get it. Read it. This is not your typical trading book, this is a comprehensive book written by a real trader for traders, everyday people who are serious about becoming successful traders. John (JR) Robertson, Director, I-Deal Financial Group
Crawling in the right direction beats running in the wrong direction every time and Universal Principles of Successful Trading will definitely get you heading in the right direction. Straight forward language, simple concepts and emphasis given where emphasis is needed. I wish this book was around when I started out because to master the markets now all you have to do is master this book. Alan Hull, Trader and Fund Manager and Author of Active Investing Active Investing
An investment strategy involving ongoing buying and selling actions of the investor. Active investors will purchase investments and continuously monitor their activity in order to exploit profitable conditions.
Active investing is highly involved.
When Brent asked me to review his new book The Universal Principles of Successful Trading I was both excited and curious. Having read his first book and recommended it to many of my clients I knew to expect something big. Brent is one of the very few authors who actually puts into practice the strategies he espouses, which lends great credibility to his words. He provides the most comprehensive approach to the various strategies of money management I've ever seen. A must read for anyone serious about trading. David Montuoro, Futures Broker and Director, Bellmont Securities
Concise, to the point, and relevant for gaining the trading skills and strategies needed to maneuver in today's marketplace, Brent provides a clear road map on how to emulate the elite traders who consistently win over the long-term. Forget the hype you hear about trading and get this book. Read it, read it and read it again. And then study it until your eyeballs drop out. Brent keeps it real and if you can too then you may just find yourself in the exclusive 10 percent winner's circle win·ner's circle
n. pl. winners' circles
An enclosed area at a racetrack where the winning horse and jockey are brought for awards and publicity.
Noun 1. ! This book is destined to become a trading classic. Steve Mater, CFD CFD - Computational Fluid Dynamics Business Development, MF Global
In his first book Brent hits the nail on the head with a down to earth, no nonsense About
No nonsense has been a major supplier of women's legwear to food, drug, mass and club outlets. Today, in addition to hosiery, tights and dress socks, they also offer sleepwear, panties, sporty style socks, novelty socks and foot comfort products, as well as socks for men explanation of what you need to be a successful active trader. I haven't seen a more practical guidebook for traders in over 20 years in the financial markets. If you want to stop being in the 90 percent of traders who lose and join the elite 10 percent who win, then I suggest you throw out all your other textbooks and read this book from cover to cover. This is a book written for traders by a trader and is the obvious starting point Noun 1. starting point - earliest limiting point
terminus a quo
commencement, get-go, offset, outset, showtime, starting time, beginning, start, kickoff, first - the time at which something is supposed to begin; "they got an early start"; "she knew from the for a successful trading career. Tony Makowiak, Head of Dealing, Aliom Pty Ltd
For more information visit http://www.researchandmarkets.com/research/871225/the_universal_prin.