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The Online Trading Cookbook

The Online Trading Cookbook

Alpesh Patel

ISBN: 978-1-119-20920-1

Oct 2015

266 pages

Description

The Online Trading Cookbook is a unique resource for busy online traders of all levels, addressing the need amongst the growing number of those trading and investing from home for solid, low risk trading strategies which they can incorporate into a busy lifestyle. Suitable for all levels of retail trader and is supplemented by useful advice on the best trading tools, websites and brokers, the different markets available to trade, tips on risk and money management.

The book is divided into sections based on levels of complexity and contains specific strategies used by profitable hedge funds as well as strategies used by other professionals, all of which can be implemented by private investors. The opening chapter discusses the professional tools traders will need, from multi-screen hardware, best websites, trading software, data services, brokers, trading products and the types of traders suited to each type of trading. The following chapters give concise novice, intermediate and advanced strategies for short and long term traders.

The cookbook format is one of the most popular for teaching complicated subjects. Trading skills are presented and learnt as simply as recipes. This book provides exactly that from trading strategies to risk and money management. Each page presents as ingredients what the trader needs to do, the tools and the preparation with successful examples illustrated on the facing page. Both the proven format and its simplicity are compelling and unique in their application to trading.

Written by two celebrated experts in the field, The Online Trading Cookbook is the perfect starting point for anyone wishing to learn to trade or for advanced traders wishing to further their knowledge.

Preface ix

Acknowledgements xiii

About the Authors xv

Introduction 1

PART I APERITIF

Recipe 1 Uncle’s Favourite 11

Difficulty Level: Beginner

Recipe 2 What Good Dishes Taste Like – The Recipe for Trading Success 21

Difficulty Level: Beginner

Recipe 3 Trend Lines and Channelling: Mind the Bumps 31

Difficulty Level: Beginner

Recipe 4 Japanese as Easy as Sushi: Exotic but not Complicated 37

Difficulty Level: Beginner

Recipe 5 Moving Averages: Decisions Decisions 43

Difficulty Level: Beginner

Recipe 6 Breakfast at 8 49

Difficulty Level: Beginner

Recipe 7 Let’s Get a Takeaway! 55

Difficulty Level: Beginner

PART II HORS D’OEUVRES

Recipe 8 MACD, MA and Stochastic – Mixing Cocktails 69

Difficulty Level: Beginner/Intermediate

Recipe 9 The Breakout 75

Difficulty Level: Intermediate

PART III AMUSE-BOUCHE

Recipe 10 Natural Diet: Don’t Forget Your Roughage 85

Difficulty Level: Intermediate

PART IV ENTREMET

Recipe 11 MACD (Mac-D) and Friends 101

Difficulty Level: Intermediate/Advanced

Recipe 12 Nouvelle Cuisine: New Issues 107

Difficulty Level: Intermediate/Advanced

Recipe 13 Momentum: Short Termism Does Pay! 111

Difficulty Level: Intermediate/Advanced

Recipe 14 Turtle Soup: The Most Famous Trading Recipe of All 117

Difficulty Level: Intermediate/Advanced

Recipe 15 Pairs Trading: One of Your Five a Day! 127

Difficulty Level: Intermediate/Advanced

Recipe 16 Double Big MAC-D 135

Difficulty Level: Intermediate/Advanced

PART V ENTREE

Recipe 17 English Breakfast or All-Day Lunch 151

Difficulty Level: Advanced

Recipe 18 Surfing the Waves: Fast Food 159

Difficulty Level: Advanced/Expert

PART VI MAIN

Recipe 19 Coffee Options and Spreads 173

Difficulty Level: Advanced/Expert

Recipe 20 Bonds: Shaken Not Stirred 185

Difficulty Level: Advanced

Recipe 21 Buffet: Today’s Special at McDonald’s 193

Difficulty Level: Advanced

PART VII DESSERT

Recipe 22 Common Cooking Mistakes and How to Avoid Them 203

PART VIII PANTRY

Recipe 23 Utensils and Common Ingredients 209

Recipe 24 If You Can’t Stand the Heat: Taking Risks in the Kitchen 221

Index 229