Readers reviews of Trade Your Way to Financial Freedom
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This is one of the best trading books I have read for quite a while. It is one of the
very few books that examines the relationship between position size and risk, and the way
this has to be integrated into in trading plan. His methods are different to those I
discuss in Better Trading and my other books, so this provides readers with a range
Van Tharp provides a good explanation of the trade planning process and the way trading
systems relate to trading methods. His focus is on the way the individual trader improves
his chances of success, or how they can hinder their survival. He also considers the way
fundamental analysis can be matched with technical analysis to generate trading signals.
His main point is that you do not have a trading system until you know the exit point.
This book does not delve into ways of understanding the market. It concentrates on how
you can go about bringing together all the of elements of trading, tools, methods, and
personal characteristics, to develop a trading approach which suits you. It is one of the
essential books that new, and old, traders should read.
Just another comment re the above. I'm simply going to second the present review of Van
Tharp's book. It is a first-rate examination of trading and trading psychology. I
distinguish between books that are worth reading and those that are worth reading and
owning. This is defintely in the latter category. Read it and re-read it!
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