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Informationen zum Autor Noble DraKoln is founder of SpeculatorAcademy.com, a futures and Forex educational company, where he focuses on the development, management, and promotion of the company's core philosophy of "focusing on the trader not the trading." Prior to this role, DraKoln served as the president of Liverpool Derivatives Group, Inc., a futures and Forex brokerage, for eight years and as a professional sugar trader. He speaks regularly at industry conferences in the United States and Europe and has written articles for numerous financial publications. DraKoln is also an NFA Arbitrator, as well as the author of the Wiley title Winning the Trading Game. Klappentext Praise for Trade Like a Pro"Noble's commitment to the individual trader is exactly what traders need during these volatile times. He has knowledge that spans across markets and is worldwide. He is a valued contributor to the TraderPlanet.com community, and this book further demonstrates his dedication to educating traders and helping them become more successful."-Lane J. Mendelsohn, Publisher, TraderPlanet.com"In a time when, on a global level, important things are happening to the financial industry, when new profit opportunities as well as risks are revealed, the book Trade Like a Pro offers a complete picture concerning the risk administration techniques."-Teodor Ancuta, President and General Manager, Sibiu Stock Exchange"Trade Like a Pro is a comprehensive presentation of all the basic trading strategies that belongs in every investor's library. Whether your specialty is futures, options, or stocks-or, for that matter, a combination of all three-you will find yourself going back to this valuable reference guide again and again. Everything rings true. Moreover, the author gives you the pros and cons of each respective strategy without imposing his own point of view. Well researched and presented."-George Angell, author of Small Stocks for Big Profits and Winning in the Futures Market"Armed with good intentions, most new traders are unaware of the realities involved. Although there is often the belief among novice traders that profitability will be easy, the evidence strongly suggests otherwise. In his new book, Trade Like a Pro: 15 High-Profit Trading Strategies, Noble DraKoln offers a thoughtful approach to making the transition from unsuccessful retail trader to the arena of the professional, which is imperative for lasting success as a trader."-Ron Rossway, President, Denver Trading Group Zusammenfassung The book comprises of nine basic strategies and six advanced strategies. Each strategy will be broken down into three components: "why you should use it,"A "when you should use it," and "what market environments are most conductive" to using it. Inhaltsverzeichnis Preface xi Acknowledgments xiii Part I Designing the Trade 1 Chapter 1 From Retail Trader to Professional Trader 3 Transitioning from Retail Trader to Professional Trader 5 Successful Professional Traders 16 Tightening Up Your Approach to the Markets 22 Chapter 2 Markets and Margin 25 Exchanges 27 What Does This Mean for the Market? 34 Daisy Chain Effect 37 Global Markets 42 Becoming a Sophisticated Trader 45 What Do These Changes Mean for Your Trading? 46 Chapter 3 Some Essentials of Trading 47 Three Different Types of Traders 48 A Trader's Focus 52 Essential Trading Concepts 56 Using This Book to Its Fullest Potential 63 Part II Basic Strategies 65 Chapter 4 Holding the Bull and the Bear by the Tails 67 Straddle, Strangle, and Execution 68 Getting the Right Options for the Job 75 Option Tutorial 78 Sample Straddle and Strangle Write-Up Sheets 89 Conclusion 89 Chapter 5 Precision Trading at Its Finest 91
