Art of Trading 2e - Paperback

by Christopher Tate (Author)

A comprehensive private trader? guide to the Australian markets. This is the second edition of the hugely successful Art of Trading, by high-profile private trader and author Chris Tate. The first edition sold 20,000 copies. Fully revised and updated, this second edition includes information on charting and technical analysis, money management and risk management.

Back Jacket

"As Australia's leading authority on money management, Chris's concepts will stretch your mind and improve your profitability. This book is an invaluable guide for Australian investors and traders."
LOUISE BEDFORD, AUTHOR OF THE SECRET OF CANDLESTICK CHARTING AND THE SECRET OF WRITING OPTIONS

With 20,000 copies sold THE ART OF TRADING is firmly established as one of the leading books on trading the financial markets published in Australia. Although Chris Tate's philosophy of trading is timeless, there have been changes in the marketplace and in the technology used to monitor and trade the markets since the book was first published. This fully revised and updated 2nd Edition takes all these changes into account.

At one time investors bought shares for the long term. Now more and more are buying and selling on a regular basis and an increasing number are trading full-time. What sort of job is private trading? It could be described as a craft. There is definitely a high level of skill involved, and -- like all skills -- the skill of trading may be practised, refined and mastered. Trading also requires a certain way of thinking and much has been written about the psychology of trading. However, above all Chris Tate believes that trading is an art -- a combination of skill, talent, imagination, discipline and, possibly, innate ability.

One reason for the enormous success of Chris Tate as a trader, speaker and writer on the subject is that he does not follow the crowd. He opens the book with discussion on the psychology of trading and risk and money management, which is not what you might traditionally expect. The explanation of chart patterns and indicators comes towards the end. Always positive, he describes losses as "part of the apprenticeship" because wise traders will always learn from their mistakes.

Author Biography

CHRIS TATE has been a private trader for the past 16 years. He presents seminars on the subject and writes regularly for the financial press. He is the author of UNDERSTANDING OPTIONS TRADING IN AUSTRALIA, UNDERSTANDING FUTURES TRADING IN AUSTRALIA and TAMING THE BEAR.

This second edition includes an appendix written by Louise Bedford on candlestick charts, which Chris uses throughout the book.