 |
Editor's
Choice Winners in the Books and Courses Category:
The
following products have been given the prestigious Editor's
Choice Award for Excellence. This award is given only to the
finest products for futures traders. This award was only started
in 1996 but we have awarded it to some books from the past.
Denotes
winner! |
BE
A WINNER TRADING COMMODITIES
by Ralph
Fessenden, Ph. D. (1999). 235 pages, cardcover. $29.95. Available
from Beacon Publishing, Inc., PO Box 770883, Naples, FL 34107,
(800) 207-0237, Fax (941) 594-1006. Email: win@scaletrader.com.
Web: www.beaconwin.com. Or from the CTCR
web bookstore at ctcr.investors.net. May
1999. "This is the best book on scale trading. It is the
best written and most up-to-date. It is the most practical and
down-to-earth."
A
COMPLETE GUIDE TO THE FUTURES MARKETS
by Jack
Schwager (1984). $75. John Wiley & Sons (see below), December
1984. "One of the finest futures trading books ever written."
COMPARISON
OF POPULAR TRADING SYSTEMS
by Lars
Kestner (1996). $50. CTCR, Inc., Box 7603, New York, NY, 10150-7603,
courtney@investors.net
(800) 832-6065. October 1996.
"Presents some fascinating studies of some well known systems.
Includes TradeStation code of the systems."
DESIGN,
TESTING, AND OPTIMIZING TRADING SYSTEMS
by Robert
Pardo (1992). $34.95. John Wiley & Sons (see below). July
1996. "This book is a very useful blueprint for trading system
designers and traders. Buy this book if you like to design and
test your own computer generated trading systems or if you test
other people's systems."
THE
DISCIPLINED TRADER
by Mark
Douglas (1990). $34.95. Trader's Press (see below). Sept/Oct,
1990. "Full of useful ideas and highly recommended, but very poorly
written."
COMPUTER
ANALYSIS OF THE FUTURES MARKETS
by LeBeau
and Lucas (1992). $70. Traders Press, Box 6206, Greenville,
SC 29606. (800)-927-8222. Mar/Apr,
1992. "Mandatory addition to system trader's library."
MARKET
WIZARDS
by Jack
Schwager (1989). $21.95. Trader's Press, (see above). Sep/Oct,
1989. "Inside look at the careers and methods of some
of the most successful traders of our time. Highly recommended."
-Complete Review Listings-
These
products have been previously reviewed in the specified CTCR issue.
Back issues are available to members as indicated on the Order
Page.
THE ADAM THEORY
OF MARKETS
by J. Welles
Wilder, Jr. (1987). 134-page book. $65. Cavida Ltd., P.O.
Box 128, McLeansville, NC 27301. Sept/Oct, 1987.
THE ALL ABOUT SERIES
by Russ
Wasendorf & Thomas McCafferty (Published in multiple years).
$19.95. Irwin. Futures Factors, 1304 W. First Street, Cedar Falls,
IA 50613. (800) 553-1711. Email: wsco@ix.netcom.com. February
1998. "Good terse introductions to commodities, futures, and options.
They are mainly good for introducting investors to the jargon
and underlying concepts of the respective topics. Good for beginners."
THE ALL-SEASON INVESTOR
by Martin
Pring (1992). $29.95. Trader's Press, Box 6206, Greenville,
SC 29604. (800)-927-8222. Nov/Dec, 1992. "Long-term
strategy based on the business cycle. Super."
BE
A WINNER TRADING COMMODITIES
by Ralph
Fessenden, Ph. D. (1999). 235 pages, cardcover. $29.95. Available
from Beacon Publishing, Inc., PO Box 770883, Naples, FL 34107,
(800) 207-0237, Fax (941) 594-1006. Email: win@scaletrader.com.
Web: www.beaconwin.com. Or from the CTCR
web bookstore at ctcr.investors.net. May
1999. "This is the best book on scale trading. It is the
best written and most up-to-date. It is the most practical and
down-to-earth."
BEYOND CANDLESTICKS
by Steve
Nison (1994). $65. Traders Press (see above). Jan/Feb,
1995. "A quality book, but where is the evidence that
Candlesticks are effective?"
BROKERS, BAGMEN
& MOLES
by David
Greising and Laurie Morse (1991). $24.95. John Wiley &
Sons, 605 Third Avenue, New York, NY 10158. (800)-Call-Wiley
or (212)-850-6000. Nov/Dec,
1991. "Every trader should read this for a realistic
view of the endemic and pervasive corruption in the futures exchanges."
Out Of Print
CHAOS AND ORDER
IN THE CAPITAL MARKETS
by Edgar
E. Peters (1991). $49.95. John Wiley & Sons (see above).
July/August, 1992.
"An important book if you want to understand the true nature
of market price action. For people who don't want the truth to
be sugar coated."
A
COMPLETE GUIDE TO THE FUTURES MARKETS
by Jack
Schwager (1984). $75. John Wiley & Sons (see above), December,
1984. "One of the finest futures trading books ever written."
COMPARISON
OF POPULAR TRADING SYSTEMS
by Lars
Kestner (1996). $50. CTCR, Inc., Box 7603, New York, NY, 10150-7603,
courtney@investors.net
(800) 832-6065. October 1996.
"Presents some fascinating studies of some well known systems.
Includes TradeStation code of the systems."
COMPUTER
ANALYSIS OF THE FUTURES MARKETS
by LeBeau
and Lucas (1992). $70. Traders Press, Box 6206, Greenville,
SC 29606. (800)-927-8222. Mar/Apr,
1992. "Mandatory addition to system trader's library."
THE DEFINITIVE GUIDE
TO FUTURES TRADING (Volumes I and II)
by Larry
Williams (1988 and 1989). $50 each volume. Windsor Books,
P.O. Box 280, Brightwaters, NY 11718. July/August, 1988 and
March/April, 1989. "Considering the title, disappointing,
but considering the author, well worth reading."
THE DELTA PHENOMENON
by Welles
Wilder (1991). $175. Trend Research Ltd. Box 128, McLeansville,
NC 27301. (919)698-0500.
July/Aug, 1991.
DESIGN,
TESTING, AND OPTIMIZING TRADING SYSTEMS
by Robert
Pardo (1992). $34.95. John Wiley & Sons (see below). July
1996. "This book is a very useful blueprint for trading system
designers and traders. Buy this book if you like to design and
test your own computer generated trading systems or if you test
other people's systems."
THE
DISCIPLINED TRADER
by Mark
Douglas (1990). $34.95. Trader's Press (see below). Sept/Oct,
1990. "Full of useful ideas and highly recommended, but very poorly
written."
THE ELEMENTS OF
SUCCESSFUL TRADING
by Robert
F. Rotella (1992). $35. New York Institute of Finance. Available
from Trader's Press. Box 6206, Greenville, SC 29606. (800)-927-8222.
March/April, 1993. "There has not been as good a comprehensive
treatment of futures trading since 1984."
ELLIOTT WAVE PRINCIPLE
by Robert
R. Prechter, Jr. (1978). $29. Elliott Wave International,
Inc., Box 1618, Gainesville, GA 30503. (404)-536-0309. Nov/Dec,
1990. "The definitive book on the Elliott Wave Theory;
beautifully written, even better than Elliott himself."
EVENT TRADING: PROFITING
FROM ECONOMIC REPORTS AND SHORT-TERM MARKET EFFICIENCIES
by Ben
Warwick (1996). Irwin Professional Publishing, 1333 Burr Ridge
Parkway, Burr Ridge, IL 60521. Phone: (800) 634-3966. 218 pages,
hardbound. Free software offer. Jun
1997. "Event Trading is a major and important book in
futures trading but fails to live up to its potential because
the trading rules it gives are likely out of date. However, the
underlying concepts deserve to be examined by nearly all futures
traders."
FIBONACCI APPLICATIONS
AND STRATEGIES
by Robert
Fischer (1993). $39.95. John Wiley & Sons (see above). Nov/Dec,
1993. "Classic example of the mystical nonsense that
keeps getting published and republished. No demonstration of effectiveness."
FIVE MOST INSTRUCTIVE
LESSONS OF COMMODITY TRADING
by Kent
Calhoun, KCI Seminars (1994). Canyon Springs Ranch, Box 440,
Hunt, TX 78024. (210) 238-3084. Videotape, 60 minutes. $135. Jun
1997. "Contains solid information on the psychology of
trading and short term price patterns but falls short of its title."
FIVE STAR FUTURES
TRADES
By Colin
Alexander (1997), Windsor Books,PO Box 280, Brightwaters,
NY 11718. Phone: (800) 321-5934, (516) 321-7830, Fax: (516) 321-1435.
171 pages, Hardbound, $55. Feb
1997 "Five Star Futures Trades is a comprehensive method
using a wide variety of technical indicators to determine the
trend and the entry and exit rules. It is not a strictly mechanical
system. The method appears reasonable and can be adapted to each
trader's style."
FOREIGN CURRENCY
TRADING
by Russell
R. Wasendorf, Sr. & Russell R. Wasendorf, Jr. (1998). $35.
McGraw-Hill (see above). February
1998. "A basic introduction to the foreign exchange market.
Contains descriptions of the major topics relating to trading
in the cash foreign exchange market. However, is writing from
the perspective of someone who comes from the futures industry
rather than someone from the foreign exchange industry."
FRACTAL MARKET ANALYSIS
by Edgar
E. Peters (1994). $49.95. John Wiley and Sons (see above).
Sept/Oct, 1994. "Recommended for those not intimidated
by math and statistics. Some useful crumbs, but not much practical
advice."
GANN MADE EASY
by William
McLaren (1986). $240 for book and 62 huge Gann-style charts.
Harmonic Research, 650 Fifth Avenue, New York, NY 10019. (212)-484-2065.
May/June, 1990. "A bit pricey unless you want to spend
six months of diligent effort studying Gann."
GEOMETRY OF MARKETS
by Bryce
T. Gilmore (1989). $144. Gann/Elliott Educators, 6336 North
Oracle, Suite 326-151, Tucson, AZ 85704. (602)-797-3668. Sept/Oct,
1991. "Terrific compilation of numerical and geometric
methods for predicting future turning points, but methods are
unproven, nebulous mumbo-jumbo."
THE HANDBOOK OF
ECONOMIC CYCLES
by Jake
Bernstein (1991). $70. Trader's Press (see above). Sept/Oct,
1992. "Should be in every trader's library, but do cycles
work for trading?"
HIGH IMPACT DAY
TRADING
by Robert
M. Barnes (1996). $50. Irwin Professional Publishing (see
above). Oct, 1996.
"Contains a single clever idea for day trading but provides
almost no evidence that it works."
HIT AND RUN TRADING
by Jeff
Cooper (1996). $100.Gordon Publishing Group, 23805 Stuart
Ranch Road, Suite 245, Malibu, CA 90265. January 1998. "On many
levels this book is a failure, and an expensive one at that."
HOW I TRIPLED MY
MONEY IN THE FUTURES MARKET
by Ulf
Jensen (1994). $50. Probus Publishing, P.O. Box 88059, Chicago,
IL 60680. (800)-PROBUS-1. July/August,
1994. "One of the worst and most misleading futures
books in many years."
THE INNERGAME OF
TRADING
by Robert
Koppel and Howard Abell (1993). $37.50. Probus Publishing
(see above). Jan/Feb, 1994. "Interviews successful
traders; not much originality."
INTELLIGENT FUTURES
TRADING
By Chick
Goslin (1996). 7412 High Ave, La Jolla, CA 92037, (619) 456-1857.
199 pages, Spiral bound, $65 Postpaid. Feb
1997 "Well-written book with some very good insights into
trading but with some conceptual errors."
THE INTELLIGENT
SPECULATOR
A Unique Approach
to Trading Commodities by Ralph Fessenden, Ph. D. with John
McDivitt (1996). 362 pages, hardcover. $31.40 (Special price
from Traders Press). Irwin Professional Publishing. Available
from Traders Press, Box 6206, Greenville, SC 29604. www.traderspress.com.
(800) 927-8222. May 1999.
"This well written book contains a lucid explanation of scale
trading but falters in its explanation of Interval Trading. However,
there are better books on scale trading."
INTERMARKET TECHNICAL
ANALYSIS
by John
Murphy (1991). $55. Trader's Press (see above). May/June,
1992. "Strongly recommended as a new avenue of technical
analysis. Where is the proof that it works though?"
INVESTMENT SECRETS
OF A HEDGE FUND MANAGER
by Laurence
A. Connors and Blake E. Hayward (Probus, 1995). $49.95. Traders
Press, P.O. Box 6206, Greenville, SC 29606. (800)-927-8222. May/June,
1995. "A few good, new ideas with proof of their
effectiveness. Has deficiencies but recommended."
MANAGED TRADING,
The Myths and Truths
by Jack
Schwager (1996). $55. John Wiley & Sons (see above). (800)
CALL-WILEY. June 1996.
"Valuable for anybody who invests in commodity pools OR uses
mechanical systems. Contains powerful new concepts to increase
profits and/or reduce risk for traders who use multiple systems
or methods. Too academic, though."
MARKET MASTERS
by Jake
Bernstein (1994). $24.95. MBH, Box 353, Winnetka, IL 60093.
(708)-291-1870. March/April,
1994. "Compares attitudes of trading experts (including
Bruce Babcock) on ingredients of success."
MARKET
WIZARDS
by Jack
Schwager (1989). $21.95. Trader's Press, (see above). Sep/Oct,
1989. "Inside look at the careers and methods of some
of the most successful traders of our time. Highly recommended."
MARTIN PRING ON MARKET MOMENTUM
by Martin
Pring (1993). $49.95. Traders Press (see above). Sept/Oct,
1993. "Superior course in oscillator analysis, only
how valuable are they anyway?"
THE MATHEMATICS
OF TECHNICAL ANALYSIS
by Clifford
Sherry (1992). $55. Probus Publishing, P.O. Box 88059, Chicago,
IL 60680. (800)-PROBUS-1; (312)-868-1100. March/April,
1994. "Nothing practical here. Of interest to theoreticians
only."
MBH WEEKLY SEASONAL
SPREAD CHARTS
by Jake
Bernstein (1996). $89 plus postage. MBH Commodity Advisors,
PO Box 353, Winnetka, IL 60093. (847) 291-1870. Email: jake@trade-future.
September 1998. "A moderately valuable study of seasonal
price tendencies in spreads."
MESA AND TRADING
MARKET CYCLES
by John
F. Ehlers (1992). $37.95. John Wiley & Sons, 605 Third
Avenue, New York, NY 10158. (800)-Call-Wiley or (212)-850-6000.
Sept/Oct, 1992. "If you want to approach cycles scientifically,
there is no better teacher than John Ehlers."
METHODS OF A WALL
STREET MASTER
by "Trader
Vic" Sperandeo (1991). $29.95. Trader's Press (see above).
July/August, 1991. "Lots of great ideas on becoming
a better trader and a better person."
THE MONEY TREE:
THE WILLIAMS WAY TO WEALTH
by Larry
Williams (1996). British American ,18 Crow Canyon Court, Suite
200,PO Box 5111,San Ramon, CA 94583,Phone: (510) 820-4700,Fax:
(510) 831-0644. Two video tapes; 247 oversize paperbound book;
overlay; sample chart book; three month subscription to thrice
weekly hotline and monthly educational newsletter. $195. Mar
1997 "The Money Tree course contains some valuable lessons
and tools from an experienced trader but also contains some dubious
ideas and one dangerous money management concept. The production
quality ranges from very high quality and professional to slipshod."
THE MOST POWERFUL
MONEY MANUAL AND COURSE
by Ken
Roberts (1984). $195. The Ken Roberts Company, 333 SW 5th
Street, Grants Pass, OR 97526-2513. (541) 955-2700. August
1996. "There may be some useful ideas in the manual
and course but they are swamped with a constant bombardment of
motivational and sales pitches as well as some dangerous ideas."
NEURAL NETWORKS
FOR FINANCIAL FORECASTING
by Edward
Gately (1996). $39.95 John Wiley & Sons (see above). February
1996. "Provides a useful and quick overview of the use
of neural networks. There is no fluff and the book can be used
as a reference."
THE NEW MARKET WIZARDS
by Jack
D. Schwager (1992). $29.95 Trader's Press (see above). Jan/Feb,
1993. "Readable, informative, thought-provoking. Highly
recommended."
THE NEW SCIENCE
OF TECHNICAL ANALYSIS
by Clifford
J. Sherry (1994). $60. Probus Publishing, (see above). Nov/Dec,
1994. "Plenty of science, but no technical analysis.
Worthless to traders."
THE NEW SCIENCE
OF TECHNICAL ANALYSIS
by Thomas
R. DeMark (1994). $53.45. Windsor Books, Box 280, Brightwaters,
NY 11718. (516)-321-7830. Nov/Dec, 1994. "Exceptional
book."
PORTFOLIO MANAGEMENT
FORMULAS
by Ralph
Vince (1990). $65. Trader's Press (see above). July/August,
1991. "Although others disagree, our opinion (based on
the author's admissions in the book) is that his theory is of
questionable value. Even if valid, it appears of little practical
application except for very large traders."
THE PSYCHOLOGY OF
TECHNICAL ANALYSIS
by Tony
Plummer (1993). Probus Publishing (see above). $47.50. May/June,
1994. "A few useful ideas sprinkled around, but not worth
the effort to find them."
SOROS ON SOROS
by George
Soros with Byron Wien and Krisztina Koenen (1995). $19.95.
Paperback. John Wiley & Sons (see above), April 1996.
"There are some useful insights but less than most books
on trading by other practitioners."
THE SPECULATOR'S
EDGE
by Albert
Peter Pacelli (1989). $29.95. John Wiley & Sons (see above),
March/April, 1990. "Seriously flawed and short on
specifics, but still recommended."
THE SPIRAL CALENDAR
by Christopher
Carolan (1992). New Classics Library, Box 1618, Gainesville,
GA 30503. (404)-536-0309. $49. March/April, 1993. "Combines
two popular mystical tools to predict turning pointsmoon cycles
and Fibonacci numbers. No proof of effectiveness other than historical
examples."
STREET SMARTS, High
Probability Short-Term Trading Strategies
by Laurance
A. Connors and Linda Bradford Raschke (1995). Gordon Publishing
Group. (800) 797-2584. $175. March 1996. "Well written
compendium of short term trading patterns. There are enough good
ideas to justify the price. The systematic and disciplined use
of the ideas in this book should provide enough profits to pay
for it."
STOCK TRADER'S ALMANAC,
1996 Edition
by Yale
Hirsch (1995). The Hirsch Organization. 184 Central Avenue,
Old Tappan, NJ 07675. $32. May
1996. "Provides a useful and fascinating compilation
of seasonal tendencies and patterns in the stock market."
TECHNICAL ANALYSIS
by Jack
Schwager (1996). $60. John Wiley & Sons (see above). January
1996. "Presents a lucid, solid description and discussion
of the main forms of technical analysis. The book will aid the
trading of both beginners and professionals."
TECHNICAL ANALYSIS
OF THE FUTURES MARKETS
by
John J. Murphy (1986). $55. Trader's Press (see above). May/June,
1986. "The kind of Bible for technical analysis commodity
traders have been yearning for." For an additional $27.95,
there is a unique 142-page study guide to insure you are learning
the material correctly.
TECHNOFUNDAMENTAL
TRADING
by Philip
Gotthelf (1995). $45. Irwin Professional Publishing, 1333
Burr Ridge Parkway, Burr Ridge, IL 60521. (800)-634-3966. July/Aug,
1995. "Ironically makes unanswerable argument against
using fundamental analysis."
TRADER VIC II PRINCIPLES
OF PROFESSIONAL SPECULATION
By Victor
Sperandeo (1994). $37.50. John Wiley & Sons (see above).
July/August, 1994. "Excellent book. Highly recommended
to all traders."
TRADING BY THE BOOK,
TRADING BY THE MINUTE and TRADING IS A BUSINESS
by Joe
Ross. $160 each. Ross Trading International, Box 1509, Leander,
TX 78641. (512)-259-0727. Jan/Feb, 1991, July/Aug, 1993, Nov/Dec,
1993. "Although Ross apparently invented his trading
background and experience, there are many stimulating ideas and
much wisdom in these books. Overpriced."
TRADING FOR A LIVING
by Dr.
Alexander Elder (1993). $55. Financial Trading Seminars, Box
20555, Columbus Circle Station, New York, NY 10023. (800)-458-0939.
May/June, 1993. "A terrific book , which every trader
should read." Accompanying 195-page Study Guide is $27.95.
TRADING IN CHOPPY
MARKETS
by Robert
M. Barnes (1996). $50. Irwin Professional Publishing (see
above). Nov, 1996.
"Here is a book full of trading ideas. What you will not
get is any proven system."
TRADING ON EXPECTATIONS
By Brendan
Moynihan (1996). John Wiley & Sons (ISBN 0471177822) (See
above.) 232 pages, hardcover, index $59.95 July 1997. "A
good introduction to the Market Profile style of analysis. The
author adds in sentiment to create the Sentiment-Activity Model
(SAM) which gives trading signals for trading with time horizons
ranging from scalping to long term trading. Also includes an excellent
analysis of what makes market move and why the Efficient Market
Hypothesis is bogus."
TRADING SYSTEM ANALYSIS
by Robert
M. Barnes (1997). $60. McGraw-Hill Publishing (see above).
January 1998.
"This is a very interesting book that will be useful for all traders
who develop and test trading systems."
WHAT I LEARNED LOSING
A MILLION DOLLARS
by Jim
Paul and Brendan Moynihan (1994). $31.45. Infared Press, Box
198038, Nashville, TN 37219. (800)-247-6553. March/April, 1995.
"Should be the first financial psychology book you read."
YOU CAN'T LOSE TRADING
COMMODITIES
by Robert
F. Wiest (1984). $40. The Beacon Companies. 812 12th Ave.
S, #202, Naples, FL 33940. (941) 263-0020. Nov/Dec, 1986.
"You can lose with this method, but the book is still worth
reading."
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Updated June 15, 1999
