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'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!

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 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.

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.

A must have trading book. I agree with his perspectives and understandings and I've been trading this way prior to this reading. When all other trading theories don't work you have to get simple. Markets have physical limits that feel unpredictable, but they can be measured with the right tools and perspective. The book helped sharpen my self-taught skills and perspective. Elliot waves are ok, but general waves don't have many rules. Elliot people are horrible at timing and targets due to not understanding trend and playing by Elliot rules.You still have to train your eye and learn better perspective. Putting it all together is another challenge. I use other tools, but they accomplish the same object as this writer.