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The Master Swing Trader: Best Tools & Techniques for Short-Term Trading Profits | Day Trading Strategies for Stocks & Forex | Perfect for Active Traders & Market Opportunities
$26.95
$49
Safe 45%
The Master Swing Trader: Best Tools & Techniques for Short-Term Trading Profits | Day Trading Strategies for Stocks & Forex | Perfect for Active Traders & Market Opportunities
The Master Swing Trader: Best Tools & Techniques for Short-Term Trading Profits | Day Trading Strategies for Stocks & Forex | Perfect for Active Traders & Market Opportunities
The Master Swing Trader: Best Tools & Techniques for Short-Term Trading Profits | Day Trading Strategies for Stocks & Forex | Perfect for Active Traders & Market Opportunities
$26.95
$49
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Description
Swing trading is gaining popularity as a powerful method to increase returns―and potentially lower risks―by profiting from short-term price moves. The Master Swing Trader explains how traders can use technical analysis, charting, and market sentiment to make trades that hold through price fluctuations and noise with wider stops. This complete, practical guide to making profitable short-term trades―based on the author’s popular “Mastering the Trade” online course―uses dozens of charts and graphs to illustrate proven swing trading concepts and strategies. Experienced day, position, and online traders will benefit immediately from: - The 7 Bells – unique tools to uncover promising short-term prospects - Techniques to profit from low-risk short sales - The 4 repeating cycles for perfectly timed trades
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Reviews
*****
Verified Buyer
5
After seeing so many negative reviews, I decided to review this book just to shed some light on what it's really for and how it can help people who really do want to swing trade profitably. If done properly and with skill, swing trading can be a powerful way to capture profits in the stock market.Hypothetically speaking, just a 5% weekly profit could potentially generate very large sums of money in just a short time. Try this calculation for yourself:Beginning value: $1,000.00Compounding rate: 5%Compounding periods: 208, (4 years compounded weekly)Ending Value: $25,549,017.66You may not believe that figure, so you are welcome to prove it for yourself on a financial calculator. If you could capture just 1/10th of that theoretical limit you would be a millionaire in 4 years with just $1000 dollars compounded at 5% week after week!Swing trading is not for the novice trader. The writer mentions that the books content assumes "knowledge of basic market mechanics and technical analysis." So, if you are an absolute beginner, this won't be the book to get. You'll be exposed to many of the authors own personal terms without first learning terms that are commonly used in technical analysis . I found myself wondering what the benefit was in creating an original term for something that could have been explained better by just sticking to the common way of saying it.The people that will get the most out of this book will be the ones who have been trading in the markets for a year or two and have developed a basic understanding of the indicators, support & resistance, trend lines, and volume analysis. He uses candlesticks for all the charts, and if you haven't learned to appreciate candlesticks you'll be put off by the illustrations.I would have to give the author credit for stimulating an appreciation for Bollinger bands. I have never much cared about them until reading this text. I'm inspired now to use band trading and candlesticks to try and capture some of the theoretical profits that I mentioned above.One other thing that might be off putting is the author's writing style. I think this is what has generated so many negative reviews, which were probably written by novice traders that weren't able to grasp what he was saying. He uses short declarative statements that are strung together one after the other over entire paragraphs. He packs a lot of information in the shortest possible space. An experienced trader will be able to get through this, but a beginner will have a hard time taking so much information in all at once. For the beginner I would recommend "Short-Term Trading in the New Stock Market" by Toni Turner. Fully absorb this book first before you read "The Master Swing Trader."Is becoming a Master Swing Trader worth the effort? Yes. Will this book help you reach that goal? Yes. Just keep in mind the weaknesses mentioned above. When you read this book, have a second book handy when the author's writing style starts to become monotonous or draining. So, all in all, the positives outweigh the negatives. I would definitely recommend this book to anyone looking for some good insights on swing trading.

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