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Rating: Summary: The author has good intentions Review: Mr.Alexander uses this book to inundate investors with so much information, I am quite sure he scares away inexperienced futures investors.There are a lot of technical analysis tools that you have to decipher. I also did not like his analogy of "commodities investing" as a business. I have been involved with futures as an investor and an author for 11 years. This statement of it being the perfect business sells false hopes to the new futures investor. Futures and Options are investments, you can't depend on them for your livelihood.
Rating: Summary: combines many other systems Review: The first part of this book details the advantages of commodity speculation as a business (no employees, low overhead, don't have to deal with customers etc.) Afterwards many forms or technical analysis are discussed. eg, chart formations, trading patterns (lindahl, three in a row, gaps). Examples of daily weekly monthly time periods are given. Volume, open interest, financial reports ( committment of traders) are also given. Support lines, seasonal cycles, secular cycles are also given. To sum it up, many systems are combined. The result is a huge number of support, trend lines, and opinions of which the price could go. This books covers many things in a very readable style, (eg. if you..." trade with out stop losses, you'll end up in the lillies") . It gives explantion, shows successful examples of something working, but gives no unifying technique. The reader is left with a bunch of ways to do technical analysis, but with more questions than he started with
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