Trading Realities: The Truth, The Lies, and The Hype In-Between

by Jeff Augen

Trading Realities teaches investors and traders the universal, basic principles that apply to every financial market: stocks, bonds, commodities, foreign exchange, futures, options, and beyond. Writing for beginners and experienced investors alike, successful trader and author Jeff Augen illuminates key issues that are often mentioned but rarely fully understood: issues such as leverage, liquidity, market trends, risk, valuation, interest rates, and the impact of news and events. Most important, he shows how to apply this knowledge to trade and invest far more profitably. Augen focuses on the massive forces that really move financial markets: the market dynamics that are fundamental to your success, regardless of your investment strategies or the asset classes you choose. You'll learn how to value markets in absolute terms (e.g. constant currency), rank investment vehicles according to risk; assess the real impact of leverage and the true meaning of trends; interpret the flow of money between markets; and much more. Augen shows how to identify and collect the information that matters most (and ignore the information that doesn't matter). Once you have the facts you need, you'll learn how to use those facts to gain a clear advantage: one that you can sustain through any market environment.

Genres: Finance

258 pages, Hardcover

First published September 13, 2010

Reviews

[Mimi Somsanith · Rating 4 out of 5]

As a trader in training, it's a challenge to learn to read in between the lines. Much of the descriptions in this book reveal realities that readers may have in the back of their minds. When something is spelled out, readers may feel enlightened through affirmations. However, as a trader in self-training, I will observe the realities through my own experiences as the markets continue to evolve in new eras and make unprecedented waves at certain times. Personally, I think it'll take me almost a lifetime to feel as confident as I would like, but persistence and practice shall pay off in the long run.

[Julia · Rating 4 out of 5]

As always, good writing from Jeff Augen served straight up. This book is a more qualitative take on trading compared to other books by the same author, offering insights on recent trends and developments in the past 20-30 years.