Money-market-security

Hi, I am an international student from Japan. So there will be alot of grammer mistakes. sorry for in advance.

First, I really like Mr. Tony Oz system because it is really simple. In most of the books which I've ever read (approximately 15 books.) somewhat made me weight on indicators. On the other hand, this book never talks about even an indicator.(besides Moving Averages, Bollinger Bands and Volume.)

On this book, he concentrates on Support and Resistance lines, trend lines, and Volume. He also talks about money management in very simple form and his actual setups.

I think this book is not for those who have already built thier own trading system and constantly making money in stock market, but I strongly recommend this books for beginners who want to build fundamental just like me.

And I wish I had read this book before 15 books I bought.
I could have skip 5 , 10 or even 14 books. (I would still want to read "the Master Swing Trader" by Mr Alan S Farley)

Forgot to mention, his strategy is a swing trading method holding stocks for a day to weeks.

Thank you for viewing my review.

NORI

this is an easy to read, straight forward book.

tony oz simply shows you how he trades in one month. this is what's in the book. tony oz opens a new account for writing this book. in the next month, he recorded all his trades on this account. giving you every detail about his trade. it is like living in his mind (during trading hours only, of course...) for this month. he tells you how he chose entry and exit points, why he chose them, how he manages his trading money etc everything you need to know to trade well.

this book is about as close as you can get to understanding how to make day trading successful. assuming the author is honest in his writing here (i dont doubt him), he has just shown us how you can make money on ONLY on the long side of the market in one of the most bearish months for decades (he made some pretty decent profits!).

read this book, if only to get some inspiration!

From some of the negative reviews I was kind of expecting a book that was probably useless except for maybe a few helpful tips. Boy was I wrong. This book is right up there with Alexander Elder's books as far as giving you a widespread view of trading, along with detailed views of Oz's preferred methods. Excellent coverage of money management and risk evaluation. He includes a link to a free download of his risk calculator.

Oz even takes you into his daily world, both psychologically and technically, and has a ton of examples of real trades with detailed explanations of why he made them, why he entered them when he did, and why he exited them when he did. He even includes some of his failed trades. There is plenty of coverage of chart patterns, including candelsticks, and what Oz considers to be the most important indicators.

I found this to be an honest and detailed look into the mind and procedures of a trader. I know he pushes some of his other services, but you really don't feel that too much from the book, although his screening parameters might make you want to subscribe to the Oz Screener if you use Real Tick. He also mentions that the screening formulas are available in his earlier books, but for some legal reason he can't print them in this one (maybe some kind of agreement with Real Tick, since the other books are out of print). He goes into detail about his screens and why he uses them. You could probably figure out the formulas without too much effort just by understanding what he's screening for.

The other thing I really enjoyed about this book was its concise nature. Oz is an excellent author. There is no filler here. He writes simply and to the point. Unlike many other authors he seems to understand that clear communication and not showing off his IQ is the goal of writing a book. For those who have read a lot of trading books you know how rare that is. Oz is a relaxing read, not a tension-filled one.

I've read a lot of trading books, but along with Elder's books this is probably the only book I've read that by itself has enough to get you started on the right track in trading.

This book is intended (more or less) for a person beginning in options. Its no "walk in the woods" but considering the abstruseness of both the subject and the other books on the topic I have scanned, it's near the top of the class. I think, it may also be somewhat more understandable than the Option Industry Council's - Option's Toolbox CD. This whole area has been poorly explained to the beginner for the most part, which is why options are not much more widely used despite their potential for leverage and risk reduction.

A concise, useful, and comprehensive overview of futures trading. It was quite appropriate for a beginner.

Of the ten + options books that I have read, this was my first, and it is the best. I still refer to it often. Most of the other books are either too technical or too simplistic. This engages the reader with practical examples and descriptions of the types of trades that the novice to intermediate investor will use most. I heartily recommend it.

Where work the trading system explained in this book???
Don't loose your money and time reading this book

When I first started trading, the concepts in this book were way beyond me.
I tried the LSS system and it didn't work.
Some 14 years later (February 2004), this book is working for me.
Not LSS, but the concepts. They are aimed at the type of market we have right now.
The concepts come from Taylor who documented a three day cycle in the 1960's.
This book describes Angell's spin on it.

George Angell constantly produces hits when it comes to futures investing. From his proprietary LSS system to his down to earth attitude he has my complete professional courtesy.

His book opens the eyes of the average investor and let's it be known that futures are not one dimensional. You have multiple strategies and tools at your disposal to help you succeed. One of those tools is hedging. ... This is a must have book for the novice futures trader.

The author goes on and on detailing the past but drew no sound conclusions. Left me wishing he would just make his point. This book was a tedious read.

As he detailed in a 4/14/02 posting at the Longwaves forum (thru Colorado State U., beartopia dot com has the link) author Alexander has changed his mind since publishing this book and now feels we are in the fall to plateau and primary recession. Thus, Alexander is of the opinion we have further to drop in the stock market. Reminds me of Elliot Wave theorists who cannot agree among themselves where the current American economy is among the various waves.
This book does a good job of detailing why the stock market boom days are over for many years to come.

I wish I read this book five years ago before the bubble broke, I'd have alot more money now if I did. Alas, hindsight is 20/20. However, this is the first book that presents a very logical and thorough view of investment cycles that are clearly present in our economy. Yes, this book is somewhat tedious as another reviewer commented, but the true nature of the opportunities and risks of investing in the stock market are not something that reads like a vapid tabloid story. The lessons available to be learned and applied from "Stock Cycles" come only from studying, interpreting, questioning and back testing large amounts of data produced from the trading of stocks every day of every month of every year for decades and decades. Michael Alexander has done just that resulting in a work available for the layman to the investment professional from which to benefit. Michael Alexander also challenges the investment industry in that it has massaged much of that data to the detriment of the individual investor, ie.: the mutual fund industry and its "buy and hold" mantra it has been preaching since roughly the beginning of the last bull market in 1982. The mutual fund industry makes its money by maintaining a large asset base from which to generate fee revenue. Sure, "buy and hold" works pretty well in a secular bull market, but there have been many times in the past 200 years where there was little if any growth in stocks and the stock market for an extended number of years. And that number of years may be too long for many investor's investing goals to be achieved. Alexander shows that there is large amount of economic evidence indicating that we may be in just the beginning of one of those stagnant, yet unsettled cycles. Though Alexander's conclusion and recommendations on what to do now are vague, I think the overall message of the book is to invest with extreme caution but taking an active approach to investing, take profits if you have them and minimize losses should they occur and to beware Wall Street saying: "It's different this time", 'cause it's not. A must read.

but with all due respect to the author, whom I hold in the highest esteem, this book is NOT for those looking for insights in to investment strategies. the man is a legend, and has a well deserved stellar reputation. this book is a great overview of the financial markets, but will not help you make money. am I too bottom line focused? perhaps, but be aware of the limitations of this book before purchasing it.

Henry Kaufman's book is much more than a compelling saga of a life, a career, and a financial history. It is a reminder of the risks that abound in today's markets, and of the compelling importance of the great values that have led to the strength of the nation's financial system. In the book's most important chapter (16), Dr. Kaufman presents 17 neglected lessons for policymakers, financial institutions, and investors. If we ignore them, the well-catalogued sins of our financial past will return to haunt us. Consider Lesson 4: "..basic fiduciary duty too often has been forgotten in the high-voltage, high velocity financial environment of recent decades . . . the notion of financial trusteeship has been lost in the shuffle." He's right, and readers will profit immensely by taking heed, not only of those words, but the entire book.

Henry Kaufman is one of the most important figures in the development of world credit markets in the last 40 years. This book is part biography, part history of the post World War II period in the financial markets, and part prescription for the financial markets in the next two decades. The book is written in a lucid, qualitative, approachable way that makes it accessible and interesting to almost any reader. In a foreword by Paul Volcker, the highly regarded former chairman of the Federal Reserve, you will learn that the on-going, difficult financial problems of the current age mean that "On Money and Markets should be prescribed reading for all those whose future and fortunes are tied to the performance of our financial systems."

Dr. Kaufman's influence has evolved through his studies of the credit markets, role in developing them as head of research at Solomon Brothers, commentator on the credit markets and Federal Reserve policy, and forecaster of financial market trends. He is well respected, even by those who do not agree with him. Perhaps his most influential moment came on August 17, 1982 when he called the turn in the interest rate environment that kicked in the bond and stock market boom in the United States that has lasted ever since.

Let me briefly describe each part of the book. The first nine chapters are primarily a biography of Dr. Kaufman. Despite the fact that I have been following his thinking closely for over 20 years, much of this was new to me. He is modest in speaking about his accomplishments, which makes the story more appealing. The story of how Dr. Kaufman became "the" Henry Kaufman is well worth your time. Born in a small rural town in Germany, violence against Jews in his own town caused his family to emigrate to the United States in the 1930s. During the time in Germany, he suffered from polio, and had two operations as a result. Speaking almost no English when he arrived in New York, he was back to grade level performance within a year . . . after the humiliation of being put back into the first grade. You will get many interesting glimpses of how important mentors and families are to the accomplishments of any one.

Chapters three through fifteen also serve as a partial history of the world (and especially the U.S.) financial markets. The length of the period covered and the breadth of view make his perspective very valuable for the casual observer of the subject. Most will be surprised by how great the changes have been in the last two decades, for example.

But, to me, the most valuable parts of this book were the prescriptive elements of what needs to be done now that build from material in chapters eleven through eighteen. I agree with him that regulation is falling behind the shifts in the financial markets. For example, new types of financial institutions are being created that have essentially no regulation, yet contain great risks for the whole society. CitiGroup is an example. The banking part is regulated by the Federal Reserve but the Travelers insurance portions are regulated by the states. The investment banking part of the company is primarily regulated by the SEC.

He also warns against the excessive use of derivatives, financial leverage, and decreased care in overseeing these practices compared to their size and importance. In good economic times, this works well. How well will they work in bad economic times? Probably not very well. The near collapse of the bond market during the Russian debt crisis in 1998 is an important warning here.

More significantly, although the Federal Reserve knows that there is a stock and real estate speculative bubble in the United States, it is at a loss to know how to handle that bubble. Dr. Kaufman predicts tough times and greater volatility in the markets ahead that will make the one-day fall in October 1987 look like a walk in the park. The collapse will be abetted by the low savings rate, the growing importance of other strong currencies, high debt levels, incomplete regulation of speculation, and greater growth abroad while the Fed fights back by only being able to lower interest rates.

These are sobering words and thoughts, and I hope that policy-makers, policy-influencers, as well as ordinary citizens will take them seriously. The time to fix the dike is before it breaks.

If Dr. Kaufman is right, how will you protect the financial security of your organization, business, career, and family? Without knowing what the risks are, you won't know what to prepare for. I suggest you read this book as part of your preparation.

The only people who will be disappointed in this book are those who would like a more detailed and technical explanation of these points. Dr. Kaufman is clearly capable of providing more, but did not want to limit his audience. Despite its general nature, I found the chapter on forecasting to be quite interesting and valuable.

After you have read this book, also ask yourself if you have taken full advantage of your opportunities in life as Dr. Kaufman has. If you have not, ask yourself what you could learn from his example. I suspect that you will start asking for and getting more advice from outstanding people as a result.

Live long and prosper!

I wanted to like this book, and held out high hopes through the first several chapters. It's real flaw is in its lack of substance. Perhaps the editors or Ms. Davis feared losing readers in overly technical explanations of complex trades, but I believe there is a middle ground which was not even approached. I was also dismayed with the chapter on women in the business--not a single profile of a woman attempting to balance a high powered career with family. As a group, the individuals (men and women) come across as smug, self-satisfied and self-centered (the section where she writes about their charitable work is as fawning as it is laughable). But what this book really needed was more meat--more about programmed trading, the chartists, the value traders, derivatives, day traders, etc.

Ms. Davis might not stretch to say traders are saviors but she almost deifies them with her genuinely affectionate portrayals here. She's intent on redeeming the profession (as if it needs redeeming--it doesn't), which she imagines the Average Joe scorns and vilifies. I bet the Average Joe pays little attention to hyperactive market makers, compared to the time spent fretting over his or her own investments. Still, Ms. Davis assures us that for every rogue trader like Nick Leeson (who brought down the British Bank, Barings) or Mike Milken (wait, Mike is NOT a crook, she corrects, notwithstanding the criminal charges), there are scads of other, brilliant, hardworking people--possessed of traits you and I could only wish to have--who lubricate the capital markets and provide the fuel for growth. In other words, she's a proselytizing apologist: by compensating she overstates. If you're not in the financial business, you might find this breezy book an acceptable companion at martini time, if you're someone who will gaze in amazement at the hue of a cocktail olive. She's oddly cozy and deferential with her subjects, like a mistress. More like it, the traders are friends whom she has no desire to offend, or perhaps she plans to approach them for future employment. The trouble is, the topic cries out for a critical eye. For those who take investments seriously the text is a great failure, totally lacking in specifics, or even anecdotes that might illuminate. Imagine a cook book that attempts to describe the taste of the recipes without listing any ingredients and you'll understand the problem with "A Million A Minute." Ms. Davis, your readers can take more. A truly entertaining book (and with more meat) is Michael Lewis' "Liar's Poker" and "Pit Bull" by Martin Schwartz. Mr. Schwartz, especially, is a man who has traded for years, who can share his secrets (successes and failures) and who can live to tell about it!

My biggest complaint with most books like this is that they are boring to read because they go on and on with long explanations that lose the point somewhere along the way.I loved this book and was pleasantly surprised. There was no time to get bored. The author moved easily from topic to topic. Her observations were not run of the mill, but were sharp and fascinating.The characters came to life.The book's approach is more like an economic look at the world of trading and its implications rather than a recipe book for how to trade. But as the author said, you can't learn to trade from a 'how to trade book' anyway.If you could, people wouldn't get paid so much to do it.I'd recommend this book very highly.

This book does not stand out in any fashion other than as a forum for the author to show off his anecdotal tales of philosophy and finance.

I found nothing concrete to implement for my investment style. And the exercises to expand my "mental boundries" for unique thinking, seemed like rehashed, rhetorical self-help.

There was little correlation between the title and the content; again reminding us that one should not judge a book by it's cover.

After reading Mr. Ware's book, I found his writing style to be witty and concise. However, his book is not at all practical or useful as an investment guide. As a professional money manager, I didn't think that the book had good enough concepts in it to warrant "Beating the Market". Definitely not in the same class as, say, Warren Buffett's annual reports and his letters to the shareholders of Berkshire Hathaway.

I seriously doubt that applying the concepts in this book will be helpful in "beating the market", especially the S&P 500 index, which has consistently beaten approximately 80% of all actively-managed mutual funds.

This book makes a nice attempt at relating psychology to finance but falls short, in my opinion, by falling back into common sense generalities that should already be known, without having to read this book, by those hoping to profit in the markets.

As a die hard Index fund fan, I would disagree with the author's book title that it is possible to beat the Index year after year. However, the author's unusual mix of Myers-Brigg people type categorization plus investing was an interesting read. I gained the most from this book from the author's thoughts and stories about the creative thinking process more than anything else. Enjoyable book to read, but not sure his techniques can be practically applied by an investor.

This book covers so much in the derivatives marketplace. After being involved in the business for 12 years and writing three books on futures and commodity derivatives I was definitely refreshed and enlightened by Mr.DeRosa's book.

DeRosa has picked excellent papers. If one reads the papers in detail, the currency derivatives literature, as well as related derivatives literature, becomes very easy to understand.

This book presents highly technical papers on diverse topics from variuous academics. It would be very helpful to anyone looking to understand theoretical aspects of FX derivatives. Since most papers are written by different authors, notation is not consistent. In addition, academics do not always write like Hemingway. Nevertheless, the book covers everyhting from vanillas to exotics very well.

The book contains a wealth of practical information however there are errors in the mathematical formulas, dates and etc. This is most frustrating from a reader point of view and dampened the confidence in the material presented. However, it is relatively a easy read for general understanding of the money and FX markets. I hope the author does a more thorough check in the future edition in order to do this book justice.

This is a great practical book for the beginners and intermediate people in the market. When I started in the market as a business analyst, with no prior experience, it was a confused world of trading. After reading this book, things make much more sense. In addition, the book explains brief analytics on how to price and when and why certain instruments will be used for trading. It is geared towards trading. Refer to other books if you are more interested in middle/back office functionality (like settlements, P&L calc, risk management etc.)

Many a times, trainers in the banking industry find it very difficult to teach complex subjects like foreign exchange and money markets to relatively junior guys. This book will prove to be of great help to those trainers. Probably the first ever attempt in this subject.( Luca's text book can easily be replaced by this book just because of its excellant padagogy). Hope other titles advertised by RFT will also become available soon, specially the one on Risk Management.

As a Foreign Currency Dealer, I was NOT helped from this book at all! Actually the title is misleading since he does NOT concentrate on FX, he only shows some graph examples using FX crosses instead of stocks... The author just refers to a lot of TA indicators only reviewing their typical Buy and Sell signals that are written in every TA book, and furthermore the sections are very bad structured. Really very very disappointed!!!

I have had a measurable improvement in my profitability since reading "Technical Analysis Applications in the Global Currency Markets."
Although I have traded currencies for nearly seven years, I've never had the opportunity to systematically train in charting. Adding insult to injury, I listened many times to the "expert advice" of some ill-prepared reporters, who deliver opinions devoid of information. Needless to say, I lost money in several instances.
What "Technical Analysis Applications in the Global Currency Markets" brings to the table is a complete and systematic set of tools that will enrich every trader's arsenal. It's been working for me well consistently. It's hard to believe that I missed so many opportunities in the past.
There are many technical books out there. But I am a currency trader, and I'd rather see examples in FX, without the bias of "buy-and-hold" that you see in most other books that focus on equities. Besides, with the way they are going, who wants to trade equities, anyway?
I learned a lot from this book, and I feel confident that I can always go back to it to refresh my knowledge. Frankly, a lot of candlestick terms were at best fuzzy before reading is book. Now, I am fully confident in my understanding, and this translates in increased profitability.

I traded FX for 15 years in major banks in New York and London and I now have a retail FX firm. I found "Technical Analysis Applications in the Global Currency Markets" to be an excellent review for myself and a vital training tool for my traders.
In a short period of time junior traders drastically improved their knowledge and, more importantly, performance. At the end of the day, all that counts is a decent profit.
I found the clear structure and complete coverage to be big assets, particularly in a market devoid of consolidated research. In fact, this is the only technical analysis book on foreign exchange that I know of.
Junior traders were very pleased with the excellent explanations, diagrams and real-life examples in this updated edition. In particular, they found trend analysis, candlesticks, and point-and-figure charts to be consistent profit boosters.
The clear explanation of the benefits of moving averages and of the entry/exit points is valuable as well. Most recetly, these ntry/exit applications worked wonderfully for both the euro and the yen.
I strongly recommend "Technical Analysis Applications in the Global Currency Markets" to anyone who toils in the volatile currency markets.