Winning the Trading Game Hardcover - 2008 - 1st Edition

From the jacket flap

When it comes to investing, instruments such as stocks and bonds have had a difficult time beating inflation, much less producing the above-average returns that we are all searching for. In many instances, this situation has led both professional and individual investors to the futures and Forex markets.

While there are significant opportunities available in these markets, those that are unprepared tend to make unnecessary as well as costly mistakes in their trading endeavors. And with recent industry statistics revealing that between 90% and 95% of traders who speculate in futures and Forex lose their entire investment within six months to a year, you can't afford to enter these markets without a proven game plan.

Nobody understands this better than author and investment expert Noble DraKoln, and with Winning the Trading Game, he'll help you develop and refine the mental discipline and practical skills needed to ensure success in the three essential areas of trading: money management, technical analysis, and risk control. Divided into three comprehensive parts, this reliable resource:

• Part I: More Life at the End of Your Money puts a magnifying glass to major market trends, what it takes to be a successful trader, and the basics of futures and Forex trading

• Part II: Why 95% of Investors Fail at Futures and Forex takes a critical look at why everyday stock strategies simply don't work, provides you with the tools to properly select and monitor trades, and discusses what it takes to overcome the destructive elements of fear and greed

• Part III: Seven Lessons for Trading Success pulls everything together and outlines the important lessons you need to learn in order to excel within the futures and Forex markets

Filled with in-depth insights and expert advice, Winning the Trading Game will help you 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.

With an organized approach to trading, you can be part of the 5% who consistently succeed. Let Winning the Trading Game show you how.