The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading (Wiley Trading)
December 28, 2009 by TheRainMaker
Filed under Trading Products
The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading (Wiley Trading)
An expert in the field of finance reveals his proven trading system
As a trading coach and financial advisor, Bennett McDowell has used his own proprietary trading system–Applied Reality Trading or ART to enhance the performance of his clients’ portfolios. Now McDowell outlines the unique benefits of his system and makes the case for trading the reality–not the fantasy–of financial markets. Readers will discover the importance of simplicity in a trading approach; how to develop
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(out of 104 reviews)
List Price: $ 70.00
Price: $ 38.37
Review by Marcus Fong for The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading (Wiley Trading)
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What I liked about the book is that it covers all the various aspects of trading, from psychology to money management and explains the true realities of the markets which are price and volume. In his book, McDowell does not lull readers into thinking ART is a “get rick fast” trading system and instead instills the notion of strict risk control and discipline, essentially helping readers to learn how to trade in a market where odds are against traders.
The down side is that the trading ideas in the book are applicable for his software only. Therefore unless you purchase the software, the majority of the book is pretty much just nice to read but not that useful.
Review by K. Lo for The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading (Wiley Trading)
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After reading many reviews posted for this book, I became suspicious that some of these reviews were posted by the same person. I randomly investigated several the reviews & reviewers. What I found is that at least 4 of them had exactly two reviews and both of the reviews were for the same two books (this book and the author’s other book, what a coincidence). For instance, T. Sonia (Hong Kong), Calvin Choy (Singapore), and zephyr “Dan” (California) are very likely the same person with different profiles, which can be changed. There are two other reviews that are just like that too. All of them gave 5 stars for both books lol. If you really want to read a true reviews, read those that are 3 stars or less. For instance, read Duane Phillips’ and Don Catt’s reviews. This book is basically a user manual for the author’s trading software called ART. The software is selling for $2500.
Review by M. Suzuki for The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading (Wiley Trading)
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I first learned of the system and author at The Trader’s Expo in Ontario this year, and liked his methods. I like the author believe in trading into trends after higher highs or lower lows. I’d recommend the method/book.
Review by David Palmiter for The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading (Wiley Trading)
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As a licenssed financial advisor, as well as a CFP, I was always skeptical of any investment strategy other than “Buy & Hold”. The recent market downturn has confirmed that Buy & Hold only works over very long periods of time. Bear markets can last for decades.
McDowell’s book is very straigtforward. No promises or expectations. The money management and trading pschology are right on the mark. I strongly recommend his system for the legions for “Buy & Hold” investors who want to see realistic growth over time.
Review by zephyr for The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading (Wiley Trading)
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Though this book is geared toward being a companion manual for the ART system, many of chapters especially on risk and money management can be beneficial to readers nonetheless. For those who adopted the system, this book can certainly give you trading ideas and strategies that matches your style. Recommended.