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J**N
Easy-to-read book for newbie investors
This is a really excellent book. I rarely find a book on a particular subject that can't be beaten, but I doubt whether any book on the subject could be much better. This certainly beats the pants off the Trading For Dummies book that I also have in my possession and have read.You'll find that a lot of books of this kind contain a few useful ideas and then a lot of filler, but this isn't one of them. The chapters are well organized and every one of them is packed with relevant information and useful practical tips that anyone who wants to understand investing and short term trading will want to know. It also contains step by step instructions on when to buy and when to sell, what kind of profit to aim for, how to avoid losses, what proportion of your capital to invest, and a great deal more. There is a decent glossary, and a comprehensive index.Ms. Turner writes clearly, and although I find that occasionally her style is a little whimsical in an attempt to be entertaining, and reveals a kind of California hippy-dippy mentality this is only a very small minus. On the plus side, she is very good at explaining things that might seem very complex and technical in a very straight forward, albeit simplified way. I suspect she also has an excellent editor.I would like a little more explanation as to the actual mechanics of WHY resistance and support occur. Her analogy of a ball bouncing between a floor and a ceiling in a house, then penetrating a hole in the ceiling and going up to the next floor is OK as far as it goes, but simplifies a bit too much. If we stick with that analogy, one would like to know some possible reasons why holes appear in ceilings and floors.The example she includes from her own experience of trading in and out of Juniper networks during its course up from $20 to $240 and back down again is an excellent example of investor discipline as she makes several trades, each of which profits thousands of dollars, yet maintains trading discipline at all times when it would have been tempting to just let the stock run and run in the hope of making millions.For the basic investor who is perhaps disappointed with returns in a deferred compensation plan and wants to manage their finances more actively, this book is a lot of help. For example if one wanted to move from a cash position to fully invested in stocks for part of the year, she would gives you the tools you need to figure out the best way of timing that decision and hedging so that you have a chance to invest when the indexes are on a pullback or correction. Over the course of a few years, this could save you a fortune.Often the simplest ideas are useful for the newbie investor. For example not leaving a purchase order overnight, because a stock gapping up or down at the open may leave your plan in tatters. Or not buying after two or three successive up days.This probably isn't the only book you will ever need, but if it is your first one, it will put you on a very sound footing. Highly recommended.
J**S
Only five chapters in and blown away!
from the information to the wonderful finance/life balance Toni brings in this book of hers. 10/10 would recommend for any trader.
A**R
Please keep books reviewed exactly
I received the book which is not exactly described as "like new" or "good". Actually it is not good since it has some folded pages and sticked glue.
B**S
YOU FRIGGIN' ROCK!
Loved this book so much that I bought another one of the author's books in paperback format. Lots of great advice, heart and soul and she speaks from experience. In my opinion, a must read for anyone looking to get into trading. Has basics as well as hurdles that you're going to have to overcome. Tells it like it is with a realistic outlook on trading and what it's going to take to become successful as a trader. Read anything and everything by Toni Turner. So far, she is the only author that has written anything worth reading when it comes to trading... and I've left bad reviews for those authors who are churning out garbage... but I absolutely recommend that you pick up this book as well as The Beginner's Guide To Day Trading Online.
G**T
Disappointed
I thought Turners book was merely a discussion of technical analysis with one example trade thrown in for good measure. Sure, there are some good tips but the book only costs $US10.85 and I believe you only get what you pay for.I think the best book for beginners on the subject of technical analysis is "Mastering Technical Analysis: Using the tools of technical analysis for profitable trading" by John C Brooks. Brooks' book is clear, concise and very rudimentary.I think the best books for beginners on the subject of trading are "Trading Secrets" by Louise Bedford and "Charting Secrets" by Louise Bedford. Bedford is an achieved trader in Australia and her books are clear, concise and very genuine. Her books can be found at her website. Go to [...] then select shop then select books.
A**R
Absolutely the best book I’ve read for beginners
Where do I even begin!? As a new trader, this book was priceless. I read William O’Neil’s book first “How to Make Money in Stocks” which introduced me to IBD. Then without knowing, Toni brings up IBD in multiple topics so everything just aligned perfectly. Toni breaks down the fundamentals of trading in a way that makes it incredibly easy to understand. The opening to every chapter was quite enlightening as well. Really helps you put “things” into perspective. The journey begins.....and I can’t wait to see where is leads
A**R
Great first book for traders
I bought this book back in 2009 when I was first trading. It was, and still is to me, a very good introductory book on stocks and the markets. Turner goes through what the markets are, and how stock operate. She also introduces the idea of trading within a clearly defined system - which is a must throughout one's trading career. Though a little hokey, she is a very good motivator, which is super-important in entry level trading, as most of us don't know what the heck we're doing at the beginning! I'd definitely recommend this book, as well as William O'Neil's "How to Make Money in Stocks" for anyone dipping their toes into stock trading for the first time. Also, don't be mislead by the title - I don't think you'd make profit in three days or three weeks, unless the market is moving in your direction. You could easily lose money in 3 days or weeks!
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