{"product_id":"winning-the-trading-game-9780470169957","title":"Winning the Trading Game","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eWith \u003ci\u003eWinning the Trading Game,\u003c\/i\u003e investment expert Noble DraKoln helps you develop and refine the mental discipline and practical skills needed to ensure trading success. This detailed guide will put you in a better position to use technical analysis to identify profitable trades and exit losing trades; maximize the leverage available in futures and Forex, without endangering your capital base; and control risk by utilizing appropriate strategies for each type of opportunity and time frame.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I More Life at the End of Your Money 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Need to Build Wealth 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRetiring Early 4\u003c\/p\u003e \u003cp\u003eNegative Savings Rate 5\u003c\/p\u003e \u003cp\u003eSocial Security 6\u003c\/p\u003e \u003cp\u003eConclusion 8\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Money-Making Megatrends 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIndustrialization 12\u003c\/p\u003e \u003cp\u003eEmerging Markets 13\u003c\/p\u003e \u003cp\u003eChina 13\u003c\/p\u003e \u003cp\u003eIndia 14\u003c\/p\u003e \u003cp\u003eBrazil 14\u003c\/p\u003e \u003cp\u003eRussia 15\u003c\/p\u003e \u003cp\u003eMexico 15\u003c\/p\u003e \u003cp\u003eOther Emerging-Market Countries 16\u003c\/p\u003e \u003cp\u003eResources under Fire 16\u003c\/p\u003e \u003cp\u003eFood 17\u003c\/p\u003e \u003cp\u003eWater 17\u003c\/p\u003e \u003cp\u003eEnergy 18\u003c\/p\u003e \u003cp\u003eEthanol—The Gasoline Alternative 19\u003c\/p\u003e \u003cp\u003eFutures, Forex, or Stocks? 20\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 What Type of Investor Are You? 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eYale Study 24\u003c\/p\u003e \u003cp\u003eWhat Are the Returns to Investing in Commodity Futures, and How Do These Returns Compare to Investing in Stocks and Bonds? 24\u003c\/p\u003e \u003cp\u003eAre Commodity Futures Riskier Than Stocks? 25\u003c\/p\u003e \u003cp\u003eCan Commodity Futures Provide Diversification to Other Asset Classes? 25\u003c\/p\u003e \u003cp\u003ePros and Cons 25\u003c\/p\u003e \u003cp\u003eTypes of Investors 26\u003c\/p\u003e \u003cp\u003eType A Investor 26\u003c\/p\u003e \u003cp\u003eType B Investor 30\u003c\/p\u003e \u003cp\u003eFatal Market Conditions 32\u003c\/p\u003e \u003cp\u003eGold and Silver Cornering 32\u003c\/p\u003e \u003cp\u003eInterest Rate Backfire 33\u003c\/p\u003e \u003cp\u003eAsian Flu 34\u003c\/p\u003e \u003cp\u003eWhere You Fit in 35\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Why 95% of Investors Fail at Futures and Forex 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The World of Futures and Forex 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFutures and Options 40\u003c\/p\u003e \u003cp\u003eHedgers and Speculators 41\u003c\/p\u003e \u003cp\u003eFutures Exchanges 42\u003c\/p\u003e \u003cp\u003eWhat Markets Are Traded? 44\u003c\/p\u003e \u003cp\u003eForeign Exchange (Forex) 44\u003c\/p\u003e \u003cp\u003eWhat Is the Spot Market? 45\u003c\/p\u003e \u003cp\u003eImporters and Exporters 45\u003c\/p\u003e \u003cp\u003eOTC Forex Contracts 47\u003c\/p\u003e \u003cp\u003eHow Is the Spot Price Calculated? 47\u003c\/p\u003e \u003cp\u003eOTC Participants 48\u003c\/p\u003e \u003cp\u003eComponents of OTC Contracts 49\u003c\/p\u003e \u003cp\u003eTypes of Positions and Orders 49\u003c\/p\u003e \u003cp\u003ePositions 49\u003c\/p\u003e \u003cp\u003eTypes of Orders 50\u003c\/p\u003e \u003cp\u003eOptions 50\u003c\/p\u003e \u003cp\u003eOption Rights vs. Obligations 50\u003c\/p\u003e \u003cp\u003ePremiums 51\u003c\/p\u003e \u003cp\u003eTime 51\u003c\/p\u003e \u003cp\u003eTypes of Options 52\u003c\/p\u003e \u003cp\u003eConclusion 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 The Fallacy of Traditional Stock Investment Beliefs 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFutures and Forex Investing Is Not New 56\u003c\/p\u003e \u003cp\u003eWhat You Don’t Know Can Hurt You 57\u003c\/p\u003e \u003cp\u003eExplaining the Strategies 58\u003c\/p\u003e \u003cp\u003eBuy and Hold 58\u003c\/p\u003e \u003cp\u003eDollar Cost Averaging 60\u003c\/p\u003e \u003cp\u003eValue Investing 61\u003c\/p\u003e \u003cp\u003ePortfolio Diversification 63\u003c\/p\u003e \u003cp\u003eMargin 65\u003c\/p\u003e \u003cp\u003eDon’t Short the Market! 66\u003c\/p\u003e \u003cp\u003eFear Leverage! 68\u003c\/p\u003e \u003cp\u003eGood Use of Leverage 68\u003c\/p\u003e \u003cp\u003eNeutral Use of Leverage 69\u003c\/p\u003e \u003cp\u003eBad Use of Leverage 69\u003c\/p\u003e \u003cp\u003eMyth Busting 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 How to Be Among the 5% Who Win at Trading 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Reality 71\u003c\/p\u003e \u003cp\u003eTrading with Emotions 72\u003c\/p\u003e \u003cp\u003eIn the Beginning: Happiness 72\u003c\/p\u003e \u003cp\u003eNext Comes: Greed 72\u003c\/p\u003e \u003cp\u003eFollowed Up by: Fear 73\u003c\/p\u003e \u003cp\u003eWhich Leads to: Sorrow 73\u003c\/p\u003e \u003cp\u003eNext You Have: Frustration 74\u003c\/p\u003e \u003cp\u003eFinally: Defeat 74\u003c\/p\u003e \u003cp\u003eWhat the Other 5% Are Doing 75\u003c\/p\u003e \u003cp\u003eSelecting Trades Properly 75\u003c\/p\u003e \u003cp\u003eEntering Trades Properly 76\u003c\/p\u003e \u003cp\u003eMonitoring the Trade 76\u003c\/p\u003e \u003cp\u003eExiting the Trade 77\u003c\/p\u003e \u003cp\u003eBattling the Demons of Fear and Greed 77\u003c\/p\u003e \u003cp\u003eHolding Losing Trades 78\u003c\/p\u003e \u003cp\u003eChasing Markets 78\u003c\/p\u003e \u003cp\u003eOverleveraging Your Account 79\u003c\/p\u003e \u003cp\u003eSo What Does It Take to Be a 5% Trader? 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Becoming a Speculator 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSpeculation vs. Gambling 82\u003c\/p\u003e \u003cp\u003eLet’s Define Gambling Addiction 83\u003c\/p\u003e \u003cp\u003eCould Trading Represent a Form of “Gambling Addiction” for You? 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Symptoms of Gambling Addiction 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSeeking Assistance 87\u003c\/p\u003e \u003cp\u003eTheRoleofaSpeculator 87\u003c\/p\u003e \u003cp\u003eAre You a Sucker or a Speculator? 88\u003c\/p\u003e \u003cp\u003eThe Three Keys to Success 90\u003c\/p\u003e \u003cp\u003eMoney Management 91\u003c\/p\u003e \u003cp\u003eTechnical Analysis 91\u003c\/p\u003e \u003cp\u003eRisk Management 92\u003c\/p\u003e \u003cp\u003eUsing the Keys to Map Out Your Journey 92\u003c\/p\u003e \u003cp\u003eTrading Plan 93\u003c\/p\u003e \u003cp\u003eTrade Worksheet 101\u003c\/p\u003e \u003cp\u003eTrade Journal 101\u003c\/p\u003e \u003cp\u003ePulling It All Together 103\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Seven Lessons for Trading Success 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Lesson 1: Developing a Trading Plan 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMyths of Trading 110\u003c\/p\u003e \u003cp\u003eWhat Markets Should You Trade? 112\u003c\/p\u003e \u003cp\u003e1. Get a Margin Sheet of All of the Tradable Markets 113\u003c\/p\u003e \u003cp\u003e2. Understand Initial Margin and Maintenance Margin 119\u003c\/p\u003e \u003cp\u003e3. Figure Out Which Markets Have Margins Less Than Your Account 120\u003c\/p\u003e \u003cp\u003e4. Learn Minimum Tick or Point Values of Those Markets 120\u003c\/p\u003e \u003cp\u003e5. Determine Average True Range to Choose Acceptable Volatility 121\u003c\/p\u003e \u003cp\u003e6. Organize “Short-Listed” Markets from Least to Most Volatile 122\u003c\/p\u003e \u003cp\u003e7. Check the “Open Interest” for Each Market to Find the Most Liquid 123\u003c\/p\u003e \u003cp\u003eWhat You Have Accomplished 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Lesson 2: Preparing to Speculate 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eYour Money, Your Emotions 133\u003c\/p\u003e \u003cp\u003eDefining Fear 133\u003c\/p\u003e \u003cp\u003eOvercoming Fear 136\u003c\/p\u003e \u003cp\u003eDefining Greed 136\u003c\/p\u003e \u003cp\u003eOvercoming Greed 140\u003c\/p\u003e \u003cp\u003eSetting Trading Goals for Yourself 140\u003c\/p\u003e \u003cp\u003eWhy Am I Investing in Futures\/Forex? 141\u003c\/p\u003e \u003cp\u003eWhat Percentage Return Am I Looking For? 142\u003c\/p\u003e \u003cp\u003eWhen Will I Know If I Have Succeeded? 143\u003c\/p\u003e \u003cp\u003eMoney Management Rules 144\u003c\/p\u003e \u003cp\u003eYour Capital 145\u003c\/p\u003e \u003cp\u003eYour Account 146\u003c\/p\u003e \u003cp\u003eYour Trades 147\u003c\/p\u003e \u003cp\u003eConclusion 148\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Lesson 3: Choosing Your Technical Indicators 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFundamental versus Technical Analysis 152\u003c\/p\u003e \u003cp\u003eWhy Technical Analysis Works 153\u003c\/p\u003e \u003cp\u003eTechnical Analysis Strengths and Weaknesses 155\u003c\/p\u003e \u003cp\u003eStrengths 155\u003c\/p\u003e \u003cp\u003eWeaknesses 156\u003c\/p\u003e \u003cp\u003eQuestions for Technical Indicators 158\u003c\/p\u003e \u003cp\u003eWhere Is the Market Going? 158\u003c\/p\u003e \u003cp\u003eHow Quickly Is It Getting There? 163\u003c\/p\u003e \u003cp\u003eWhen Has It Arrived? 168\u003c\/p\u003e \u003cp\u003eLiverpool Trader Checklist 172\u003c\/p\u003e \u003cp\u003eBlack Box and Systems Trading 173\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Lesson 4: Developing Tactics for Entering and Exiting the Market 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFive Tools for Entry\/Exit 177\u003c\/p\u003e \u003cp\u003eResistance and Support 177\u003c\/p\u003e \u003cp\u003eFibonacci Retracements 181\u003c\/p\u003e \u003cp\u003eAverage True Range 183\u003c\/p\u003e \u003cp\u003eMoving Average 184\u003c\/p\u003e \u003cp\u003eCandlestick Patterns 187\u003c\/p\u003e \u003cp\u003eTrading Is a Team Sport 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Lesson 5: Analyzing Your Opponents and the Market 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMarket Players 201\u003c\/p\u003e \u003cp\u003eHedging Examples 202\u003c\/p\u003e \u003cp\u003eContango and Backwardation 203\u003c\/p\u003e \u003cp\u003eSpeculators 206\u003c\/p\u003e \u003cp\u003eSophisticated Speculators 207\u003c\/p\u003e \u003cp\u003eGround Rules for Speculators Using Hedging Techniques as a Risk Management Strategy 207\u003c\/p\u003e \u003cp\u003eExamples of Why Hedging Can Be Important 208\u003c\/p\u003e \u003cp\u003eWhat Can We Learn? 211\u003c\/p\u003e \u003cp\u003eAnalyzing the Markets: Volume, Open Interest, and Liquidity 212\u003c\/p\u003e \u003cp\u003eMastering Fundamental Reports 214\u003c\/p\u003e \u003cp\u003eTip for Active Traders 215\u003c\/p\u003e \u003cp\u003eTip for Swing Traders 215\u003c\/p\u003e \u003cp\u003ePosition Traders 215\u003c\/p\u003e \u003cp\u003eConclusion 216\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Lesson 6: Managing Risk 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStock Investment Truisms 218\u003c\/p\u003e \u003cp\u003eWhat You Should Believe 219\u003c\/p\u003e \u003cp\u003eBelief 1: Being Both Long and Short the Market Is Not the Same as Being Neutral the Trade 219\u003c\/p\u003e \u003cp\u003eBelief 2: These Markets Were First Designed as Insurance Vehicles, Not to Be Speculated On 220\u003c\/p\u003e \u003cp\u003eBelief 3: It Is Too Difficult to Understand\/Learn 220\u003c\/p\u003e \u003cp\u003eBelief 4: There Are Only Three Ways the Market Can Move: Up, Down, and Sideways 220\u003c\/p\u003e \u003cp\u003eSuccess and Failure in Trading 221\u003c\/p\u003e \u003cp\u003eWhat Makes It Different from Money Management 223\u003c\/p\u003e \u003cp\u003eDon’t Expect a Miracle 224\u003c\/p\u003e \u003cp\u003eStops—A Bad Habit 225\u003c\/p\u003e \u003cp\u003ePower of the Limit Order 227\u003c\/p\u003e \u003cp\u003eDetermine What Type of Trader You Are 227\u003c\/p\u003e \u003cp\u003eDay Trader 228\u003c\/p\u003e \u003cp\u003eSwing Trader 228\u003c\/p\u003e \u003cp\u003ePosition Trader 228\u003c\/p\u003e \u003cp\u003eWhat Risk Management tools Can Do for You 229\u003c\/p\u003e \u003cp\u003eNine Risk Management Tactics 229\u003c\/p\u003e \u003cp\u003e1. Synthetics 231\u003c\/p\u003e \u003cp\u003e2. Spread Trading 235\u003c\/p\u003e \u003cp\u003e3. Hard Stops 237\u003c\/p\u003e \u003cp\u003e4. Covered Option 239\u003c\/p\u003e \u003cp\u003e5. Hedges 241\u003c\/p\u003e \u003cp\u003e6. Collars 243\u003c\/p\u003e \u003cp\u003e7. Straddles 245\u003c\/p\u003e \u003cp\u003e8. Strangles 247\u003c\/p\u003e \u003cp\u003e9. Ratio Spreads 248\u003c\/p\u003e \u003cp\u003eRisk Management Tools Best Suited for Your Trading Style 250\u003c\/p\u003e \u003cp\u003eProper Risk Management 251\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Lesson 7: Building Confidence 253\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Mistakes All Traders Make 254\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Misuse Leverage 254\u003c\/p\u003e \u003cp\u003e2. Confuse Speculation with Gambling 255\u003c\/p\u003e \u003cp\u003e3. Improperly Funding Account 255\u003c\/p\u003e \u003cp\u003e4. Choosing Costs over Quality 256\u003c\/p\u003e \u003cp\u003e5. Misunderstanding the Differences of Trading 256\u003c\/p\u003e \u003cp\u003e6. Trading without a Plan 257\u003c\/p\u003e \u003cp\u003e7. Not Keeping Records of Your Trading 257\u003c\/p\u003e \u003cp\u003e8. Looking for Trading Confirmations 257\u003c\/p\u003e \u003cp\u003e9. Options Are Not the Only Leveraged Investment 258\u003c\/p\u003e \u003cp\u003e10. Lack of Understanding Regarding Money Management 258\u003c\/p\u003e \u003cp\u003eDemo Accounts and Paper Trading 258\u003c\/p\u003e \u003cp\u003eTest Account 260\u003c\/p\u003e \u003cp\u003eTrading Plan, Trade Worksheet, and Trading Journal 261\u003c\/p\u003e \u003cp\u003eTrading Plan 261\u003c\/p\u003e \u003cp\u003eTrade Worksheet 263\u003c\/p\u003e \u003cp\u003eTrading Journal 263\u003c\/p\u003e \u003cp\u003eBuilding Confidence Isn’t Easy 264\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Getting Started (The Three-Month Plan) 265\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFour Steps to Seven Lessons 266\u003c\/p\u003e \u003cp\u003eMoney Management 267\u003c\/p\u003e \u003cp\u003eTechnical Analysis 268\u003c\/p\u003e \u003cp\u003eRisk Management 269\u003c\/p\u003e \u003cp\u003ePulling It All Together 270\u003c\/p\u003e \u003cp\u003eThree Months of Work 271\u003c\/p\u003e \u003cp\u003eMonth 1: Structure 272\u003c\/p\u003e \u003cp\u003eMonth 2: Trial and Error 272\u003c\/p\u003e \u003cp\u003eMonth 3: Perfecting Your Trading 273\u003c\/p\u003e \u003cp\u003eWhat I Want for You as a Trader 274\u003c\/p\u003e \u003cp\u003eAbout the Author 277\u003c\/p\u003e \u003cp\u003eIndex 279 \u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402298040663,"sku":"9780470169957","price":43.12,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470169957.jpg?v=1730479987","url":"https:\/\/bookcurl.com\/products\/winning-the-trading-game-9780470169957","provider":"Book Curl","version":"1.0","type":"link"}