Trading Books ... surely we aren't that silly

Hey all,

So I popped down to the local book store in the area I am in for the umpteenth time looking at what the latest releases are for trading books, I have read a bucket load over the years but you can never get too many good new ideas in my opinion if for no other reason than to exercise the brain.

Anyhow, is it just me, or are all the authors just churning out the same old rubbish? .. RSI this, Stochastic that, MACD here and a MACD there .. I mean really come on. I know there are some new ideas out there, but it is clear that the books aimed at the newer end of traders love just writing pages and pages of crap. I am not one to name names, good luck to them, but there are many "trading gurus" in print at the moment who says trading a 10 period RSI for overbought and oversold conditions is good enough .... anyone who has done more than a day of backtesting knows that this aint the truth for consistent profits (or any for that matter) ... anyway enough of the ranting.

It makes me think it is time I go back into the book writing world and spit something that actually talks about the market reality instead of the textbook reality. Also books on the currency markets are hard buggers to come across, despite it being one of the, if not the, biggest growth area in speculative investment.

SO ... the point of all that rambling is to get your ideas on what YOU would like to see in a book aimed at the early trader, there are plenty that fit that group here at FF (and all the mighteist of luck to you might I add .. I wish you many riches and much fun and frevolity) so would love to hear some thoughts ... and you just never know ...

Them that Can't, Teach. {sell}

Can you imagine what a book compiled by a collaborastive effort of FF Old Farts would read like.?

I can ! And, it would have a WOW Factor of 10 on a Richter Scale

In today's world a book, especailly nonfiction, is not supposed to be good. It is supposed to sell. How do you make a book on forex sell? By telling the newbies that IT IS EASY FOR ONLY 19.99!! There are those that know that won't work (us), but they are the minute minority. I need to learn a lot more about money management, but I had to go to Amazon to even find a book on the topic (my Border's didn't have any). So, I think you are right in that it is the same old ideas, but that is because they sell, regardless of how well they work.

andersenws

The sad fact is that there’s absolutely no incentive for an author to write a decent book:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

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1 The authors copyright would be infringed within minutes of publication. <o></o>

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2 I’m not even sure there’s a particularly large market for a good book. By the time someone’s in a position to differentiate between a decent book and the usual dross, they don’t really need the book! If you’re an author (whose interest is making a living from writing) you’re probably far better off targeting the easiest and largest market, and that I’m afraid is titles such as “trading for dummies” or “the armchair currency trader”<o></o>

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razzle<o></o>

Oh, I must have this.. Don't delay send your entire wallet to : No wait is this just another scam?
Hell, they can't all be scams, can they?

A book about the Holy Grail of course! Seriously though if I knew the real deal about Money Management, which I am starting to believe is the Real Holy Grail, I would not have wasted so much money trading full mini lots with too small of a stop. I should have been trading .1 mini lots, with 30 pip stops, and then I might have been ok.
BUT... like you said it probably wouldn't sell as much as a book that claims to help you gain 500% in a day

Rusty

Sure there is... for those who made a fortune and want to give something back, money is not an incentive. Unless they are competitive and keeping score.

There are such people (who want to give back) but I don't know if any have written any ebooks yet.

This is the kind of person I'd want to read a book from. An example: I'm not sure if Soros really had to write his books for the money. I tried to read a bit of one when I was a kid but it sounded more like he was preaching. I think he was trying to convince the world of his amazing supernatural market theory... but hey, whatever works to make yourself billions

Also, some people enjoy the exercise of putting their thoughts to paper.

Some people might argue that such a trader would be too busy trading to write a book... or too busy trading to visit this forum... but not all succesfull traders are glued to their monitors all day.