<< 1 >>
Rating: 
Summary: Excellent! Can be a classic
Review: If somebody reads one book, makes minor revision and prints it, that's plagiarism. If he/she reads ten, that's a scholarship. If the number goes to a hundred, it can be a classic, my appreciation of this book.In the bookshelf there are numerous books telling either history of the investment market, or trading psychology, or technical analysis. This book is a rare breed that incorporates several dimensions into one. Chart reading, with elaboration of four basic market rules (1. market is ahead 2. market is irrational 3. environment is chaotic 4. charts are self fulfilling) interrelated with different schools of psychologyical theories (behaviourist, Gestalt, Cognitive, Psychoanalysis), forms the stem of this beautiful book with vivid "green leaves" of writings on momentum, sizing, turning points..... One great thing of the book is that one does not need to know much about psychology to understand what the author tries to tell, because tables of examples are abundant to let you know when you had made specific mistakes. He does not teach you how to correct them, but it does lead the way of self improvement and really help to enlighten your trading style. This book should be in any serious trader's bookshelf for fast recollection of some important trading principles, a regular dosage for cleansing mental dirt accumulated after his/her harsh trading life.
Rating: 
Summary: Psychology textbook
Review: The first part of this is an explaination of the various schools of psycology. Then he explains what ideas he draws from them. Though very interesting, you're shown possible explainations of market action, but not really shown how to understand which of those is working in the market at the moment. After all, isn't the study of psycology of trading supposed to give you an edge and help you figure out what people are doing or what they are "probably" about to do? Later he goes into chart patterns and relates the material to chart formations. But nothing that is an improvement on similar discussions of the psycology of chart patterns we've all heard and read before. As for one reviewer mentioning what is important in the markets, no where is M2 mentioned in the book.
Rating: 
Summary: Get to understand charts!
Review: This book simply tells you why technical analysis is very much useful and accurate despite the efficient market hypothesis. Financial market afterall is a human-driven market and Lars Tvede has demonstrated concisely how charts reflect human behavior. A must-read for one who is interested in charts and investing long-term.
Rating:
Summary: Make sure you get the first edition!
Review: Tvede presents a good, intermediate-level overview of market trading from a trend-following perspective. He also describes several indicators which are useful in assessing the "temperature" of the trading environment. However, aside from the clarity of his writing and the logical development of his argument, he offers little which is new to the experienced market practitioner. Also, please note that this book was published in two editions. The first edition successfully views the mechanics of trading through the emotional filters which affect our buy-sell decisions. The second edition is a complete rewrite which morphs the book into a nebulous psychology text that is only occasionally related to the trading process. You would be well-served to avoid this second edition! First edition - 4 stars; second edition - 1 star.
Rating:
Summary: Make sure you get the first edition!
Review: Tvede presents a good, intermediate-level overview of market trading from a trend-following perspective. He also describes several indicators which are useful in assessing the "temperature" of the trading environment. However, aside from the clarity of his writing and the logical development of his argument, he offers little which is new to the experienced market practitioner. Also, please note that this book was published in two editions. The first edition successfully views the mechanics of trading through the emotional filters which affect our buy-sell decisions. The second edition is a complete rewrite which morphs the book into a nebulous psychology text that is only occasionally related to the trading process. You would be well-served to avoid this second edition! First edition - 4 stars; second edition - 1 star.
<< 1 >>
| 
