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Item #:
63703935
The Laws of Trading: A Trader's Guide to Better Decision-Making for Everyone (Wiley Trading) 1st Edition
Item #:
63703935
TZS 60905
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Introduces, develops, and applies one law per chapter, making it easy not only to remember useful concepts, but also to have them at the ready in any situation.
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What Stands Out
Actionable Insights
Provides practical strategies and frameworks that help traders of all levels improve decision-making skills and navigate the financial markets confidently.
Expert Guidance
Written by seasoned professionals, offering industry-tested knowledge, making it a valuable resource for both novice and experienced traders looking to enhance their trading prowess.
Comprehensive Coverage
Covers key principles of trading psychology and market behavior, equipping readers with the tools to understand and predict market movements effectively.
Product Details
- Every decision is a trade. Learn to think about the ones you should do ― and the ones you shouldn’t.Trading books generally break down into two categories: the ones which claim to teach you how to make money trading, and the memoir-style books recounting scandals and bad behavior. But the former don't have profitable trades to teach; if they did they'd keep those trades to themselves. And the latter are frequently entertaining, but they don't leave you with much you can apply in your own life. The Laws of Trading is different.All of our relationships and decisions involve trading at some level. This is a book about decision-making through the lens of a professional prop trader. For years, behavioral and cognitive scientists have shown us how human decision-making is flawed and biased. But how do you learn to avoid these problems in day-to-day decisions where you have to react in real-time? What are the important things to think about and to act on? The world needs a book by a prop trader who has lived, breathed and taught trading for a living, drawing upon years of insights on the trading floor in real markets, good and bad, whether going sideways, crashing, or bubbling over. If you can master the decision-making skills needed to profitably trade in modern markets, you can master decision-making in all walks of life. This book will teach you exactly those skills.Introduces, develops, and applies one law per chapter, making it easy not only to remember useful concepts, but also to have them at the ready in any situation.Shows you how to find and think about the “special edge” of your organization, and yourself.Teaches you how to handle the interaction of people with artificially intelligent (AI) machines that make decisions, a skill that is rapidly becoming essential in the AI-driven economy of the future.Includes a bonus digital ancillary, an Excel spreadsheet with various worked examples that expand on the scenarios described in the book.Do you need to make rational decisions in a competitive environment? Almost everyone does. This book will teach you the tools that let you do your job better.
| Publisher | Wiley |
| Publication date | June 18, 2019 |
| Edition | 1st |
| Language | English |
| Print length | 304 pages |
| ISBN-10 | 1119574218 |
| ISBN-13 | 978-1119574217 |
| Item Weight | 2.31 pounds (1.05 kg) |
| Dimensions | 6.2 x 0.8 x 9.1 inches (15.7 x 2 x 23.1 cm) |
| Country of Origin | This item will be imported from US |
| What is in the box | The Laws of Trading:... For more details, please check description/product details |
Who Should Buy?
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Beginner Traders
New traders seeking foundational knowledge in market mechanics and decision-making will greatly benefit from this guide.
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Experienced Investors
Seasoned investors can refine their decision-making skills and enhance trading strategies through the insights provided.
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Financial Students
Students studying finance will find practical applications of trading theories and decision-making frameworks beneficial for their education.
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Professional Traders
Experienced professionals may find the content too basic and not sufficiently advanced for their level of expertise.
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Technical Analysts
Traders relying solely on technical analysis may not find the decision-making focus of this book relevant.
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Casual Investors
Individuals not interested in active trading or market analysis may not derive significant value from this book.
Product Description
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Customer Questions & Answers
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Question:
What is the main focus of 'The Laws of Trading'?
Answer: 'The Laws of Trading' centers on improving decision-making skills for traders by exploring key principles of trading psychology and market behavior. The book delves into cognitive biases and emotional factors that often affect traders' judgment and decision-making processes. By understanding these elements, readers can better navigate the complexities of financial markets and become more disciplined in their trading strategies. Whether you are a novice or an experienced trader, this guide offers invaluable insights that can enhance your trading performance. -
Question:
Who is the target audience for 'The Laws of Trading'?
Answer: 'The Laws of Trading' is designed for a broad audience that includes both novice and seasoned traders, as well as anyone interested in financial markets. The book is accessible while still providing in-depth analysis, making it suitable for individuals looking to improve their trading practices or develop a better understanding of market dynamics. By addressing universal themes related to decision-making, it caters to a diverse array of readers who aspire to refine their trading habits. -
Question:
How can 'The Laws of Trading' help improve my trading strategy?
Answer: 'The Laws of Trading' equips readers with actionable strategies and insights that can markedly enhance their trading approach. The book emphasizes the importance of discipline, a comprehensive understanding of market conditions, and the ability to manage emotions. By adopting the techniques offered, traders can foster clearer thinking and develop comprehensive trading plans that minimize impulsive decisions. Use the insights from this guide to take a more structured approach to your trades, potentially leading to better outcomes. -
Question:
What are the key principles discussed in the book?
Answer: 'The Laws of Trading' outlines several foundational principles crucial for successful trading. These include understanding market trends, recognizing behavioral biases, and applying risk management techniques. Additionally, the book emphasizes the significance of maintaining mental discipline through emotional regulation and strategic planning. By internalizing these core principles, traders can make more informed and rational decisions, which can lead to greater success in their trading endeavors. -
Question:
Are there real-world examples included in 'The Laws of Trading'?
Answer: 'The Laws of Trading' includes a variety of real-world examples and case studies to illustrate the application of its principles in practice. These examples serve to demonstrate both successful trading strategies and common pitfalls that traders encounter. By analyzing these scenarios, readers gain a clearer understanding of how to apply the concepts discussed in the book to their own trading experiences. This practical approach helps bridge the gap between theory and real-life trading applications. -
Question:
What sets 'The Laws of Trading' apart from other trading guides?
Answer: 'The Laws of Trading' distinguishes itself by focusing not only on trading techniques but also on the psychological aspects of trading. Many trading guides emphasize technical strategies, but this book delves deep into understanding traders' mental frameworks and decision biases. This dual focus equips readers with the necessary skills to tackle the emotional challenges of trading while also improving their analytical skills in market analysis. -
Question:
Can beginners benefit from reading 'The Laws of Trading'?
Answer: 'The Laws of Trading' is particularly beneficial for beginners as it provides foundational knowledge and insights into effective trading practices. The book covers essential topics such as risk management, market analysis, and decision-making frameworks in an approachable way, allowing newcomers to grasp complex concepts without feeling overwhelmed. By starting with this guide, beginners can build a robust mindset and skill set that will set them on the right path for a successful trading journey. -
Question:
What skills does the book help develop for trading?
Answer: 'The Laws of Trading' aids in developing critical skills such as analytical thinking, emotional resilience, and disciplined decision-making. The focus on psychological aspects encourages traders to recognize their behavioral patterns and how these impact their trading outcomes. Practicing the skills derived from the book can lead to improved market analysis, better risk management practices, and enhanced overall trading performance, contributing to a more structured and profitable trading experience. -
Question:
Is 'The Laws of Trading' suitable for all types of traders?
Answer: 'The Laws of Trading' is suitable for all types of traders, whether they engage in day trading, swing trading, or longer-term investment strategies. The principles discussed transcend specific trading styles as they focus on fundamental psychological and decision-making strengths that are crucial across different markets. Regardless of your trading approach, the insights from this book can apply, helping you refine your strategy and improve your decision-making process in various trading situations. -
Question:
Where can I buy 'The Laws of Trading' in Tanzania?
Answer: You can purchase 'The Laws of Trading: A Trader's Guide to Better Decision-Making for Everyone' on Ubuy, which provides convenient online access to this insightful trading guide in Tanzania. Ubuy offers a user-friendly shopping experience, allowing you to find this book easily among their extensive collection of literature on trading and finance. Make your purchasing decision confidently as Ubuy ensures a seamless transaction process.
Analysis & Strategy Editorial Review
"The Laws of Trading: A Trader's Guide to Better Decision-Making for Everyone" is a trading book that has received mixed reviews from readers. While some customers found it to be a valuable resource and appreciated its insights into the trading industry and decision-making, others found it to be lacking in practical application and found the content generic and repetitive. One reviewer criticized the section on risk, stating that it lacked real examples on how to apply risk management to trades. Another reviewer found the chapter on building trading models to be unhelpful, stating that it did not offer any useful insights. Additionally, some readers felt that the book did not live up to its promise of teaching them how to think like a trader in everyday life. However, another reviewer praised the book for its explanation of trading edge and the allure of the trading profession. They found these topics to be well-covered and valuable takeaways from the book. Another reader, who had been trading for 25 years, found the book to be one of the best trading books they had read in many years and believed it would be beneficial for experienced traders. Overall, "The Laws of Trading" appears to offer valuable insights into the trading industry and decision-making, particularly in relation to trading edge. However, some readers found the content to be generic and repetitive, and desired more practical application and specific trading strategies.
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Pros
- Provides insights into the trading industry and decision-making
- Offers valuable information on trading edge
- Covers the allure of the trading profession
Cons
- Lacks practical application and specific trading strategies
Product Price History
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TZS 60905
Order now and get it around Tuesday, June 30
This item is not restrict in my country.(Please click on above link if this item is not restrict in your country, So our team will review and allow.)
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Secured transaction
Ubuy works hard to protect your security and privacy. Our advanced payment security system ensures confidentiality by encrypting your information during transmission using AES (Advanced Encryption Standards) and SSL (Secure Socket Layer) protocols. Your payment details are 100% secure as we do not share your payment details with third party sellers.
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Features & Benefits
- Learn to think about the decisions you should and shouldn't make
- Discover how to avoid flawed and biased decision-making
- Gain insights from a professional prop trader with real market experience
- Master decision-making skills applicable in all areas of life
- Find and think about the 'special edge' of your organization and yourself
- Learn to handle the interaction of people with AI machines