Trading in a Nutshell

The ultimate guide for those starting out in trading—now better than ever! Illustrated with plenty of trading examples, sample trading plans, timely charts, tables and figures and insights from market experts from around the globe, Trading in a Nutshell, 4th Edition sets readers on the path to profitable trading. This updated and expanded edition of Stuart McPhee's bestseller is the perfect guide for anyone starting out in trading, and an excellent resource for experienced traders looking to expand their repertoires. Reviews, in depth, the financial markets and financial products, the risks associated with each, and how to trade them Shows how to tailor a trading approach best suited to each reader's personality, trading goals and risk tolerance Describes time-tested trading rules used by the most successful traders and explores the mindset and character traits of market winners with tips on how to cultivate them Clearly explains the basics of technical analysis, and provides expert advice on timing entry and exit decisions to maximise profits and minimise losses

Acknowledgements vii Preface ix 1 An introduction to trading 1 2 Financial markets 11 3 Technical analysis and charts 27 4 Chart patterns and indicators 53 5 Developing a trading strategy 73 6 The exit decision 95 7 Trade execution 117 8 Money management and risk 123 9 Developing your trading plan 143 10 Developing your mindset 159 11 Rules of trading 185 12 The experts 191 13 Getting started 233 Glossary 247 Index 253