Read Online Market Timing For Dummies Joe Duarte 9780470389751 Books

Product details Paperback 360 pages Publisher For Dummies (December 15, 2008) Language English ISBN-10 0470389753

Market Timing For Dummies Joe Duarte 9780470389751 Books Reviews

• Great introduction to market timing techniques, though never originally trained in using moving averages I feel very comfortable using these strategies. I'm currently using only a 20 day average and so far it's working nicely.will use some of these tactics to trade the international markets as well.
• Perhaps the single hardest thing to do in the market is to timing your entry and exit with investments/trades to maximise profits. Joe Duarte maintains the marvellous tradition of the "For Dummies" series of being eminently readable as well as extremely informative.
  
  As a rather small time trader who is continually struggling with timing the market Joe Duarte sets out the issues and suggests some useful strategies in managing the process.
  
  A great addition to any trading/investing library.
• The book attempts to give the investor an edge in "playing the market." This is accomplished by reviewing the tools and techniques that people in the industry use. Here are the good and bad on this book.
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  ADVANTAGES
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  1. The author reviews the things that move the market Federal Reserve action, economic reports, seasons, cycles, trends, and fads.
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  2. The book simplifies the technicalities of technical analysis candlestick and bar charts, moving averages, trend and momentum oscillators, and Bollinger Bands.
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  3. His treatment on timing the stock market is adequate. Unfortunately, discussion on the bond market, foreign securities, metals, commodities, and currency trading are sketchy and incomplete.
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  DISADVANTAGES
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  1. If you followed every advice and use every tool in this book, you will not become a millionaire. The average investor is playing against a "stacked deck." Investment bankers, hedge managers, mutual funds, and investment companies hire the best people to gain every advantage possible statisticians, mathematicians, behavioral scientists, and physicists. Some firms rent computer space in the New York Stock Exchange. They install their computers a few feet away from the NYSE mainframes and connect them with optical fiber. The attempt is to gain the extra nano-second advantage when economic reports and news are dispersed. The information is quickly analyzed, and billions of dollars of securities are purchased or sold before the general public can react.
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  The average investor does not have these resources. He studies the information, watches the market trends for a few days, and commits his money. By that time, the market has either shot up or "tanked." The reality is simple. The average investor is always too early or too late in the game. He is always left "holding the bag" or "picking up the crumbs."
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  2. Technical analysis is useful in explaining historical data. As a predictive tool, it is useless. The fallacy of this concept is the mistaken assumption that investment behavior is rational. In other words, people invest in a logical way because they always behave in a predictable fashion. If this were true, than how the market reacted in the past will duplicate itself in the future if similar events occur again. Technical analysis quantify these patterns into charts and numbers.
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  These mathematical tools serve a predictive function. If future market actions match past charts and numbers, the investor can see the predicted outcome - history repeating itself. As a result, he can financially benefit by taking the corrective action beforehand - "buy" or "dump his investment holdings."
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  The fallacy to technical analysis is the basic mistaken assumption that people are rational and invest in a logical way. The reverse is the reality. Investors are illogical and chaotic - the market will do what it damned well pleases. No one can accurately predict the future, especially market experts. Of the millions of investment advisors, only Peter Lynch and his Fidelity Magellan Fund has consistently beaten the market. Since his retirement, no one has come close.
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  The author is in this group. Although he has impressive credentials and accolades, the man is not a "godzillionaire." He is still working and earns his living by writing books on investing. If he has not made his millions using his own advice and knowledge, I doubt that the reader will.
• Great read
• it covers most of the basic basics of market timing. i feel it has too little emphasis on market psychology, and does not really reveal any striking insights or cool practical examples. a lot of the book is just about generalities.