Trend Trading For Dummies (For Dummies Series)

Great book.I recommend the readers of this book also read my book  Profit from bull, bear and sideway markets  . Its main strategy is a simple but profitable trend following. It is price-based concentrating on price movements and ignoring fundamentals. It shows you ‘HOW’ with step-by-step instructions starting with simplest SMA-50 with no charting - a free site calculates it for you. Then it includes SMA-200 and optionally other technical indicators such as RSI(14), MACD, Bollinger Band and Double Tops. All are available free from the internet.My other short-term strategies, strategy based on relative strengths, Sector Rotation and Momentum Investing, are also included in this book. Sector Rotation has 12 strategies from simple market timing, rotation of several sectors to top-down investing. Momentum strategies include contrarian, headline, earnings, short squeeze, year end, turnaround…It has over 400 pages (6*9). Check out the extensive Table of Contents. All chapters are practical and useful. Hence it is harder to read and you need to try out some techniques discussed. It is written in 10/2017. It has been the updated with the current market events and today's available tools. It represents my many decades in investing and hundreds of books on trading. I only include those strategies that would most likely work in today’s market. This book is for both beginners and experts.

I am a beginning trader, new to trading. I stumbled upon Dr. Burns book "Trend Trading for Dummies" in a local bookstore. I was skimming through the book, when I noticed a peculiar statement made by Dr. Burns that immediately caught my attention. He stated that most indicators were redundant, that most of them all do the same thing, albeit in a different way. He went on to say that what was really needed would be several indicators or approaches that were not correlated to each other. The more I thought about that statement, the more convinced I became. I knew that statement was true. I decided to purchase the book, and I'm glad that I did. With the "Five Energy Trading Strategy" developed by Dr. Burns, I can now learn to trade the market in a professional manner. The way Dr. Burns writes is informal and easy to understand. He offers five different ways of viewing market data with indicators and oscillators that are not collaborated to each other, thus there are no unnecessary redundancies to get in the way of clean analysis. I recommend this book to anyone who is starting out as a beginner in the world of trading, and I think that even some pros will benefit from reading this book.

TREND!Always!Always.You trade 5 minutes then use the 15 and 30 minute chartsDefine trend. Don’t deviate. Do you drive with your eyes closed?Trade daily charts? What do the weekly charts look like? Lower left to upper right or upper left to lower right? Watch and learn. You don’t buy a plane and jump in and fly.Markets go in one of three ways. Up. Down. Sideways. If the herd is stampeding north do you really want to run south.Software? If you own the fastest, most sophisticated car in the world can you drive it.There is no magic bullet. Click it and bucks roll in.As the book says. It’s the trend dummy. The trend is your friend until it ends.Go to the beach. Watch the waves. That’s the market.One of the very few books on trading I recommend.

I'm very happy I read through this book. I have my own methods, but what makes the tips from this book most useful, is that I've learned more reasons to avoid certain trades and be more patient until the best opportunities present themselves!

I brought this book “Trend Trading FOR DUMMIES” about a year ago. I found the book to be very thorough as an introduction to trading. I viewed other trading books and they were less thorough and overly verbose in trading terms and definitions. These books only show simple indicator strategies used in Isolation. Your book is a good augmentation to your foundation courses, 1 and 2.Thank you for the various free tutorials you are putting out on social media and free email feedback you give to members and others.

Very good overview and a lot of real talk about budgeting and timeliness to become a good trader. There is no magic pill and this book guides you to be diligent in your approach. Explains the principle of trend trading and how to set up a strategy. Most important how you assess your success and porotect you from a gambling approach to trading that can lose you all your savings.The kindle version might be a little hard to read with the graphs and text not necessarily flowing in the best visual way. You might want to set up a test account parallel to do some exercises along with the book to understand the content.

I bought this book over three years ago and still refer to it.

The book will give any Dummy an idea of what it takes to trade the market with "structure". A basic pitfall that many of us encounter in tackling the markets is many times we don't have a consistent way to look at price action and behavior. We lack an understanding of what creates price movement. The book attempts to explain the logic behind price action and it does it rather well in my opinion.I like the 5 energies that Dr.Burns expounds on.Take note however that at the end of the day a book like this one will not transform you into a hot shot trader.It can give you a starting point in putting order into chaotic price behavior and give you a way of understanding the probabilities of price direction. The book's thesis can be considered as a way to look at markets in an orderly and "logical" way.I recommend the book for those who first of all accept the reality that trading is not a hobby,it is not for everyone, the learning curve is rather long, it is a risky business and that you should expect to take losses as part of the business of trading. If you are ready to accept these realities then the book can serve as an excellent way to connect the dots in developing one's trading skills.

Esta es una verdadera fuente de conocimiento que en mi caso particular aumento mi eficiencia un 400% en el primer mes de aplicar los principios aqui contenidos. Las Punto Pivotes funcionan de una manera casi magica y el Dr. Burns realmente entrega una conocimiento practico y eficiente sobre el mundo de Trading. 100% recomendable.

Relly great book for traders. Specially for tranf traders, this book have many good things that I don't found in other book....

Seller sent out the book with a proper hard cover to ensure the book is in good condition while received by buyer. Thumbs up. And the book gives a new perspective in trend trading with detailed instruction on the chart setting up. Overall its a worth buy 👍

I had mixed success with trading before reading this book. Now my results are much more consistent.Biggest difference for me is now I know why a trade has high probability. Before I read this book, I'd look at a chart and a stock would look promising, but I didn't know exactly why. Then it was the usual: I'd buy, it would move against me, I'd sell, then the stock would move in the right direction after I was out. Typical, I had the right stock, but wrong timing.Barry Burns teaches his "5 energy's," which are really just indicators on charts, and when 5/5 or 4/5 line up it increases the probability of the stock moving in the predicted direction. Then it's about money management: ie. how much and when to buy, if it moves against you get out quick, and if it moves in your favor when to exit.For charts I use Metastock, Dave is my salesman and he's always been very helpfull.Metastock has Barry Burns' addon called "Top Dog Trading." I don't have time to filter through hundreds of charts. With the addon it will pre-screen based on the criteria taught in the book. Then I only have to weed through a couple dozen stocks to find the 1 or 2 I'll buy or short.

I own a number of Barry's courses and think they are a great resource for learning how to make a consistent profit trading the financial markets.This book takes a very superficial look at Barry's approach, methods and system for trend trading. The book suffers from "a little knowledge is a dangerous thing". One really needs a complete understanding of his approach and specific methods to make consistent profits.As a taster it's fine, however you get what you pay for. So if you're serious about wanting to trade profitably then go and buy his full course. It's a worthwhile investment.