Review of Stuart McPhee’s “Trading In A Nutshell” (3rd edition)
Trading in a Nutshell, 3rd Edition provides the reader even more trading tips than the original of this book published in 2001 and the 2nd Edition published in 2005.
This new edition includes more information about preparing your mind for the mental rigours of trading as well as more guidance on how to develop your own trading plan that you will implement with confidence.
** Includes a bonus CD with over 10 hours of multimedia training **
The foreword has been written by Daryl Guppy.
Click HERE to download an excerpt (PDF) NOW!
Review from Your Trading Edge
It is easy to understand why this book by Stuart McPhee is now in its third edition. Aimed at share traders, it is a great reference manual on the various aspects of operating a share trading business. There are specific chapters on many facets of trading shares, which need to be read and understood by every serious trader.
Two chapters on technical analysis and the use and understanding of charts and indicators provide useful explanations and interpretations of many of the more common of these trading tools. The book works through many of the concepts covered in most trading books. The big difference is that discussion is supported by many practical examples of the use of these concepts. They include entry and exit techniques, and the setting of stops, which is always important. The chapter on money management and risk is relevant and well presented, and provides a great introduction to these all too often neglected topics.
Chapter 10, “Developing your Mindset”, is very pertinent. It presents its material in a very readable and useable format, unlike the psychobabble of a number of other books that try to explain this extremely important topic.
The book is a great overview of the many aspects of successful share trading and should be read by everyone setting out on their trading career. The chapters on money management and developing your mindset are well worth reading by all traders, regardless of their level of expertise. It is a great reference book for those launching their trading business, and a healthy refresher for more experienced traders. True to its name, the book provides a great overview of the realities of trading ‘in a nutshell’.
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