Trading in a Nutshell: Planning for Consistently Profitable Trading - Paperback

by Stuart McPhee (Author)

The ultimate guide for those starting out in trading--now better than ever!

Illustrated with plenty of trading examples, sample trading plans, timely charts, tables and figures and insights from market experts from around the globe, Trading in a Nutshell, 4th Edition sets readers on the path to profitable trading. This updated and expanded edition of Stuart McPhee's bestseller is the perfect guide for anyone starting out in trading, and an excellent resource for experienced traders looking to expand their repertoires.

• Reviews, in depth, the financial markets and financial products, the risks associated with each, and how to trade them
• Shows how to tailor a trading approach best suited to each reader's personality, trading goals and risk tolerance
• Describes time-tested trading rules used by the most successful traders and explores the mindset and character traits of market winners with tips on how to cultivate them
• Clearly explains the basics of technical analysis, and provides expert advice on timing entry and exit decisions to maximise profits and minimise losses

Back Jacket

Trading is decision making. Each entry or exit from a trade is a decision. The key to profitable trading is making the right decisions for you...consistently.

Stuart McPhee has been helping traders profit from financial markets for more than a decade. In this best-selling trading guide, McPhee encourages traders to develop comprehensive, individualized trading plans based on sound methodology, solid money management and the right mindset.

This 10th Anniversary Edition of Trading in a Nutshell, fully revised and updated, is the perfect guide for those starting out in trading, and will also serve as useful revision for more experienced traders.

You'll learn how to:

• create a trading method and written plan that suits your personality, trading goals and tolerance to risk
• analyse charts, use indicators and recognize patterns
• manage your risk and, most critically, protect your trading capital
• develop a mindset ready for the rigours of trading and capable of delivering trading success
• maximize profits and cut losses through wise entry and exit decisions
• get started on your trading journey

You will also discover how market experts, such as Mark Cook, Greg Morris, Dr Van Tharp and others, developed their expertise and the trading rules they follow.

Author Biography

Stuart McPhee is a private trader and trading coach. He is a highly sought-after public speaker and has presented at trading events throughout Australia and in the United States, Hong Kong, Singapore, Malaysia, Japan, Vietnam, China, Thailand and India. Visit Stuart's website www.tradingasxshares.com for regular market and video updates.