Forex Books - page 116

 
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Jeeva Ramaswamy, "Creating a Portfolio like Warren Buffett: A High Return Investment Strategy" : the book

The practical guide to investing the Warren Buffett way

Creating a Portfolio like Warren Buffett: A High Return Investment Strategy highlights actual trades author Jeeva Ramaswamy has successfully executed using principles established by investment guru Warren Buffet. Clearly explaining how Buffett's principles can be used to make specific investments the book, unlike other investment guides, also clearly explains how to apply Buffett's exit strategies as they pertain to holding or selling positions.

Giving readers a complete overview of Buffett's methodologies and how to apply them, the book is a step-by-step stock research checklist and comprehensive guide to investing and managing a successful stock portfolio. It includes detailed instructions to:

- Determine where to search for stock prospects

- Thoroughly research stocks using a stock research checklist

- Confidently make buy and sell decisions

- Expertly manage your portfolio

Packed with specific stock examples, real-life calculations, and expert tips, Creating a Portfolio like Warren Buffett is your guide to harnessing the market savvy of an investing legend.
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Shayne McGuire, "The Silver Bull Market: Investing in the Other Gold": the book

From one of the world's most respected authorities on precious metals investment--a thoroughly researched volume on the investment prospects for silver, the other gold.

After outperforming virtually all other investments for more than a decade, gold is being reincorporated into the financial system as an asset deserving a position, large or small, in mainstream diversified portfolios. Leaving aside the metal's rediscovered diversification benefits (it tends to go in the opposite direction when stocks go down sharply), gold has risen as a viable investment alternative in today's environment of unhinged global government spending and monetary expansion.

While silver has risen as well--even more than its sister metal over the last decade--it has remained gold's shadow investment for important reasons. For one, its smaller market and higher volatility have kept most financial professionals away, as the metal is often regarded as a highly erratic investment best left to speculators. There is also the memory of the 1980s and '90s bear market, precipitated, in part, by the illegal attempt by two wealthy families to corner the silver market, which led to the metal's darkest day, March 27, 1980. While gold has more than doubled in value since its 1980 peak, silver remains substantially below the all-time high it reached more than three decades ago.

In The Silver Bull Market, Shayne McGuire examines vital considerations about silver alongside the significant drivers of the metal's bull market. Although silver moves closely with gold, it differs from its sister metal in that more than half of demand is derived from multiple industrial processes. While its significant reliance on film photography has ended, today silver's industrial demand is driven by technological progress: brazing alloys and solders, smart phones, tablets, plasma panels and new applications like silk-screened circuit paths and radio frequency ID tags, photovoltaics (solar panels) and new medical applications: silver is both biocidal and highly conductive. Though Warren Buffett disdains gold for its lack of utility, he regards silver differently: in the late 1990s he purchased 130 million ounces, one-fifth of global production at the time.

Manager of the first gold fund launched within the U.S. pension system and author of two books about gold investment, McGuire:

* Outlines what he regards as 13 key drivers of silver investment for the years ahead, including its deep connection to the ongoing electronic revolution (as a key industrial input), its strong correlation with gold, and its high sensitivity to an increase in potential inflation in the future

* Provides an investment history of the metal, which considers the key reasons for its separation from gold in the 19th century, the impact of the decline of film photography, as well as the end of the 1970s bull market

* Thoroughly examines the risks related to silver investment, particularly its higher volatility than gold and its behavior at key financial moments that have affected the investment
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Austerity: The Great Failure by Florian Schui : the book

Austerity is at the center of political debates today. Its defenders praise it as a panacea that will prepare the ground for future growth and stability. Critics insist it will precipitate a vicious cycle of economic decline, possibly leading to political collapse. But the notion that abstinence from consumption brings benefits to states, societies, or individuals is hardly new. This book puts the debates of our own day in perspective by exploring the long history of austerity—a popular idea that lives on despite a track record of dismal failure.

Florian Schui shows that arguments in favor of austerity were—and are today—mainly based on moral and political considerations, rather than on economic analysis. Unexpectedly, it is the critics of austerity who have framed their arguments in the language of economics. Schui finds that austerity has failed intellectually and in economic terms every time it has been attempted. He examines thinkers who have influenced our ideas about abstinence from Aristotle through such modern economic thinkers as Smith, Marx, Veblen, Weber, Hayek, and Keynes, as well as the motives behind specific twentieth-century austerity efforts. The persistence of the concept cannot be explained from an economic perspective, Schui concludes, but only from the persuasive appeal of the moral and political ideas linked to it.

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seekers:

Shayne McGuire, "The Silver Bull Market: Investing in the Other Gold": the book

This is probably the mother of all the trades - just patience needed

 

Market Consistency: Model Calibration in Imperfect Marketsby Malcolm Kemp : the book

Achieving market consistency can be challenging, even for the most established finance practitioners. In Market Consistency: Model Calibration in Imperfect Markets, leading expert Malcolm Kemp shows readers how they can best incorporate market consistency across all disciplines.

Building on the author's experience as a practitioner, writer and speaker on the topic, the book explores how risk management and related disciplines might develop as fair valuation principles become more entrenched in finance and regulatory practice.

This is the only text that clearly illustrates how to calibrate risk, pricing and portfolio construction models to a market consistent level, carefully explaining in a logical sequence when and how market consistency should be used, what it means for different financial disciplines and how it can be achieved for both liquid and illiquid positions. It explains why market consistency is intrinsically difficult to achieve with certainty in some types of activities, including computation of hedging parameters, and provides solutions to even the most complex problems.

The book also shows how to best mark-to-market illiquid assets and liabilities and to incorporate these valuations into solvency and other types of financial analysis; it indicates how to define and identify risk-free interest rates, even when the creditworthiness of governments is no longer undoubted; and it explores when practitioners should focus most on market consistency and when their clients or employers might have less desire for such an emphasis.

Finally, the book analyses the intrinsic role of regulation and risk management within different parts of the financial services industry, identifying how and why market consistency is key to these topics, and highlights why ideal regulatory solvency approaches for long term investors like insurers and pension funds may not be the same as for other financial market participants such as banks and asset managers.
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Adam Grimes, "The Art & Science of Technical Analysis: Market Structure, Price Action & Trading Strategies": the book

A breakthrough trading book that provides powerful insights on profitable technical patterns and strategies.

The Art and Science of Technical Analysis is a groundbreaking work that bridges the gaps between the academic view of markets, technical analysis, and profitable trading. The book explores why randomness prevails in markets most, but not all, of the time and how technical analysis can be used to capture statistically validated patterns in certain types of market conditions. The belief of the book is that buying and selling pressure causes patterns in prices, but that these technical patterns are only effective in the presence of true buying/selling imbalance.

The Art and Science of Technical Analysis is supported by extensive statistical analysis of the markets, which will debunk some tools and patterns such as Fibonacci analysis, and endorse other tools and trade setups. In addition, this reliable resource discusses trader psychology and trader learning curves based on the author's extensive experience as a trader and trainer of traders.

* Offers serious traders a way to think about market problems, understand their own performance, and help find a more productive path forward

* Includes extensive research to validate specific money-making patterns and strategies

* Written by an experienced market practitioner who has trained and worked with many top traders

Filled with in-depth insights and practical advice, The Art and Science of Technical Analysis will give you a realistic sense of how markets behave, when and how technical analysis works, and what it really takes to trade successfully.
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Trading Tools and Tactics, + Website: Reading the Mind of the Market by Greg Capra : the book

From the founder of the leading online trading education company Pristine.com, a simple technical method to trade or invest

Many trading books present esoteric trading concepts and complicated indicators that may look good on paper when viewing the past, but prove ineffective in the real world.

Trading Tools and Tactics: Reading the Mind of the Market doesn't just make investing look easy; it makes trading easy by teaching you not only how to identify price moves, but by helping you understand why prices move the way they do. * Covers managing trades and setting entries and stops, and helps you view how failed trades or chart patterns of the past can become new opportunities * Describes how to identify and understand supply and demand as it relates to resistance and support, as well as how to combine and read multiple time frames that offer the best opportunity to take profits * Details both concepts and practical tools to use for life, not just the current market

Investing is all about finding the right price patterns to profit from by understanding support, resistance, trends, and volume?as well as identifying the best time frames to trade. Trading Tools shows you how to do just this.
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