Book Description
Praise for INTERMARKET ANALYSIS
"John Murphy has done it again. He dissects the global relationships between equities, bonds, currencies, and commodities like no one else can, and lays out an irrefutable case for intermarket analysis in plain English. This book is a must-read for all serious traders."
–Louis B. Mendelsohn, creator of VantagePoint Intermarket Analysis software
"John Murphy’s Intermarket Analysis should be on the desk of every trader and investor if they want to be positioned in the right markets at the right time."
–Thom Hartle, President, Market Analytics, Inc. (www.thomhartle.com)
"This book is full of valuable information. As a daily practitioner of intermarket analysis, I thought I knew most aspects of this invaluable subject, but this book gave me several new ideas. I thoroughly recommend it for beginners and professionals."
–Martin Pring, President of Pring.com and editor of the Intermarket Review Newsletter
"Mr. Murphy’s Intermarket Analysis is truly the most efficient and unambiguous way to define economic and fundamental relationships as they unfold in the market. It cuts through all of the conflicting economic news/views expressed each day to provide a clear picture of the ‘here and now’ in the global marketplace."
–Dennis Hynes, Managing Director, R. W. Pressprich
"Master Murphy is back with the quintessential look at intermarket analysis. The complex relationships among financial instruments have never been more important, and this book brings it all into focus. This is an essential read for all investors."
–Andrew Bekoff, Technical Strategist, VDM NYSE Specialists
"John Murphy is a legend in technical analysis, and a master at explaining precisely how the major markets impact each other. This updated version provides even more lessons from the past, plus fresh insights on current market trends."
–Price Headley, BigTrends.com, author of Big Trends in Trading
Download Description
A complete guide to a profitable technical analysis technique
Intermarket Analysis updates John Murphy's groundbreaking work in this field. A leading educator and expert trader, Murphy walks the reader through his key tools to understanding global markets and shows investors where and how they can profit in any market-bull or bear. This comprehensive resource incorporates and reflects data from the past five years on the world markets and illustrates how this information interacts and ultimately influences one another.
John Murphy (Hackensack, NJ) is the Chief Technical Analyst for Stockcharts.com and President of MurphyMorris Money Management Co. He has over 30 years of market experience and is the author of several bestselling books, including The Visual Investor (0-471-14447-9).
Customer Reviews:
Very good info, a little repetitive.......2007-04-28
It's a small book (compared to Murphy's classic, Tech. Anal. of the Fin. Mrkts., which is a very good starter book of technical analysis). It has good info in it. The newer verions of his classic covers much of the same info, but this one goes into more depth. Murphy is easy to read. But the book seemed rather repetitive. Murphy should have spent some time telling us how to get all the comparative info at the best price. Then the book would more useful.
Worth Every Penny By A Factor Of 10.......2007-01-15
Probably the most bizarre thing about the stock market is it's explosive rallies and catastrophic crashes. Both occur with little warning and seemingly with little reason, but by studying intermarket analysis you quickly learn the relationship between currency trends, commodity prices, bond yields and their strong influence on the bond and stock markets. This book is one that every serious investor should own.
Review.......2007-01-09
Dear All,
Intermarket Analysis is good and comprehensive book. For a trader its treat to have this book.
A MUST READ FOR ANY SERIOUS INVESTOR/TRADER.......2006-08-13
Are you still trading with a narrow vision? We live in a world beyond our imagination. The impact of the Asian markets on the US, relationship between crude oil and transports, impact of Taiwanese semi-conductors on the $SOX, etc... All these are crucial information that can help anticipate market direction. I highly recommend this book to any serious investor/trader.
Traders Laboratory
www.TradersLaboratory.com
A must read for any serious investor.......2005-09-06
If you ever wondered why you zigged when the market zagged, this book is for you. Understand how to identify which market and/or sector is peaking and which will be growing
Book Description
A groundbreaking collection on currency derivatives, including pricing theory and hedging applications.
"David DeRosa has assembled an outstanding collection of works on foreign exchange derivatives. It surely will become required reading for both students and option traders."-Mark B. Garman President, Financial Engineering Associates, Inc. Emeritus Professor, University of California, Berkeley.
"A comprehensive selection of the major references in currency option pricing."-Nassim Taleb. Senior trading advisor, Paribas Author, Dynamic Hedging: Managing Vanilla and Exotic Options.
"A useful compilation of articles on currency derivatives, going from the essential to the esoteric."-Philippe Jorion Professor of Finance, University of California, Irvine Author, Value at Risk: The New Benchmark for Controlling Market Risk.
Every investment practitioner knows of the enormous impact that the Black-Scholes option pricing model has had on investment and derivatives markets. The success of the theory in understanding options on equity, equity index, and fixed- income markets is common knowledge. Yet, comparatively few professionals are aware that the theory's greatest successes may have been in the derivatives market for foreign exchange. Perhaps this is not surprising because the foreign exchange market is a professional trading arena that is closed virtually to all but institutional participants. Nevertheless, the world's currency markets have proven to be an almost ideal testing and development ground for new derivative instruments.
This book contains many of the most important scientific papers that collectively constitute the core of modern currency derivatives theory. What is remarkable is that each and every one of these papers has found its place in the real world of currency derivatives trading. As such, the contributing authors to this volume can properly claim to have been codevelopers of this new derivatives market, having worked in de facto partnership with the professional traders in the dealing rooms of London, New York, Tokyo, and Singapore.
The articles in this book span the entire currency derivatives field: forward and futures contracts, vanilla currency puts and calls, models for American exercise currency options, options on currencies with bounded exchange rate regimes, currency futures options, the term and strike structure of implied volatility, jump and stochastic volatility option pricing models, barrier options, Asian options, and various sorts of quanto options.
Customer Reviews:
Excellent choice of papers!.......2001-08-18
DeRosa has picked excellent papers. If one reads the papers in detail, the currency derivatives literature, as well as related derivatives literature, becomes very easy to understand.
Comprehensive.......1999-06-19
This book presents highly technical papers on diverse topics from variuous academics. It would be very helpful to anyone looking to understand theoretical aspects of FX derivatives. Since most papers are written by different authors, notation is not consistent. In addition, academics do not always write like Hemingway. Nevertheless, the book covers everyhting from vanillas to exotics very well.
Average customer rating:
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Managing Risk in the Foreign Exchange, Money and Derivative Markets
Heinz Riehl
Manufacturer: McGraw-Hill
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ASIN: 0070526737 |
Book Description
A professional's guide to controlling risk when investing in the foreign exchange and money markets. Particular emphasis on the use of derivatives. The book offers a unique perspective combining coverage of all three areas.
Book Description
Macro Trading and Investment Strategies is the first thorough examination of one of the most proficient and enigmatic trading strategies in use today - global macro. More importantly, it introduces an innovative strategy to this popular hedge fund investment style - global macroeconomic arbitrage.
In Macro Trading and Investment Strategies, Dr. Burstein presents, with examples, the framework for traditional global macro strategies, then shows how to use macroeconomic mispricings in global financial markets to design innovative global macroeconomic arbitrage strategies for trading and investing. Packed with revealing trading case studies, examples, explanations, and definitions, this comprehensive work covers:
* Global directional macro, long/short macro, and macroeconomic arbitrage trading and investment strategies
* Causes of macroeconomic mispricings in markets; tackling secondary macroeconomic variables in trades
* The importance of technical timing in macro arbitrage
* Volatility of macro arbitrage strategies versus volatility of relative-value strategies
* Mispricing opportunities due to the effect of the Asian crisis on global markets
* Macro arbitrage of the EMU convergence mispricing in equity markets
* Mispricings of retail sales, GDP, industrial production, interest rates, and exchange rates in stock markets
In-depth and timely, Macro Trading and Investment Strategies covers an area of intense interest to today's trading and investment community and shows new opportunities. It is invaluable reading for those seeking new ways to tackle today's volatile global markets.
Gabriel Burstein (London, UK) heads Specialized Equity Sales & Trading at Daiwa Europe Limited, where he set up the department to sell European equity products to hedge funds.
Customer Reviews:
Not really that good..............2006-05-27
When I first saw this book and ordered it i was very excited to learn more about the intricies of macro trading. After reading about 1/2 of the book I could tell I just wasted $40. I found that the authors comparison of two different variables on 1 graph with 2 Y axis was statistically wrong. You cannot compare two different variables on absolute movement at all, espically when you are using two different scales on the same graph. Using this method of comparison sun-spots and the S&P500 have correlated. The correct way to do this is by comparing percentage movement of the two different variables. By doing this with my previos example there is no real correlation, jsut as one would think. I would assume that the same would occur for 1/2 of this books graphs.
All in all, buy, Market-Neutral Investing : Long/Short Hedge Fund Strategies by Joseph G. Nicholas, You'll apperciate it alot more and it isn't flawed like the book on this page!
Not advanced - not simple.......2004-04-12
I cannot be overly critical of this book merely due to my own preconceived notions of what it might be. I was expecting some sort of more hands-on version of Soros' "Alchemy". What I got was nothing of the kind. The trade examples are very simplistic and the book poorly constructed, laid out, and written. The entire work could be 2-3 chapters in normal prose and outline. The strategies discussed were somewhat advanced strategies that were described in an extremely simplistic manner. Somewhat akin to Sesame Street giving instructions on how to manage an options book. I was sorely disappointed as I know the author is capable of delivering a much more intriguing work.
Titles might be misleading by Tevfik Aksoy.......2000-02-14
The book is based on ex post iteration of events and investment strategies, which lacks the necessary foundation of macroeconomic introduction. It requires extensive knowledge of macroeconomics and finance in order to grasp (or digest) what the ideas behind strategies are. Clearly not for a beginner but I would not recommend it for an experienced fund manager at all. I found most of the examples and strategies highly simple.
Ready for a peek at the big time?.......1999-08-13
Feeling brave? If you are, crack Burstein's book and have a look at how some serious big-time money works. Of course, by defintion this is not the majority of market participants so this is not a "popular" read.
But scientific truth, like a successful P&L statement, is not democratic. Either it makes money or it does not. And if does, you can bet that a few will get it right but most won't.
As an arbitrageur, Burstien's book is an excellent unfair advantage to those who are able to heed its message.
Christopher MAY - author Nonlinear Pricing
Book Description
How to Access and Trade the World's Biggest Market Philip Gotthelf
The first and last word on trading within currency markets Expert trading veteran Philip Gotthelf provides the first comprehensive guide to currency speculation aimed toward the average investor. Combining fundamental and technical analysis, this book teaches traders how to take advantage of fluctuations within the currency markets and capture enormous gains. Currency Trading takes the latest developments in the FOREX market and provides readers with a complete trading plan.
Philip Gotthelf (Closter, NJ) publishes the Commodex System, the longest-standing daily futures trading system in the world, and Commodity Futures Forecast Service. He is also President of Equidex Inc., a registered Commodity Trading Advisor. Gotthelf wrote TechnoFundamental Trading and The New Precious Metals Market.
New technology and the advent of around the clock trading have opened the floodgates to both foreign and domestic markets. Traders need the wisdom of industry veterans and the vision of innovators in today's volatile financial marketplace. The Wiley Trading series features books by traders who have survived the market's ever changing temperament and have prospered-some by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future.
Customer Reviews:
This book must be a prank.......2006-06-15
How else to explain that banks are brought down not by "rogue" traders but rather by "rouge" traders - is there a secret market for cosmetics derivatives? - that Switzerland has adopted the Euro, that a chart is described as listing a gain from 93 to 97 but only shows a gain of 93 to 95 etc., etc., etc ad nauseam.
In my eyes, this book is so pathetic that it is only a slight exaggeration to suggest that all those involved in the creation of this book should never be allowed to touch paper and pencil again.
How to implement and back test this concept ?.......2004-08-16
In theory the concept of parity is belieivable.But to implement it I guess one would need some really sophisticated tool and the book is not a practical guide to implement his concept. Even though book needs serious editing, someone academically inclined may find this book interesting.
Thanks Disappointed and Disgusted from Northern California.......2004-05-09
The author spends way too much time explaining basic economic indicators that should be basic knowledge for any investor. After I read another review that outlined the blundering editorial mistakes, I had to see for myself. All true! I cannot continue reading this text... How can anyone who makes this many conspicuous mistakes get a book deal much less be right about anything? Not worth the $70 price tag!
Great book to start with!.......2004-02-06
As the author of the book "Futures For Small Speculators" I tend to be very critical of books that discuss my industry. Although this book had a few editorial mistakes, Mr.Gotthelf still did a solid job of getting his point across. For a beginner this is a great start. For more indepth analysis I would go to Mr. Cornelius Luca's books.
Hastily slapped together, poorly written, sloppily edited.......2004-01-11
It appears that Gotthelf dictated much of this book into a tape recorder, some far-away typist created the manuscript, and nobody bothered to read or edit the final result. How else to explain that "Jim Ellis is the Founder and Chief Executive Officer of Oracle" on p.43 (I thought it was Larry Ellison)? These sorts of editorial lapses are rife throughout the book.
To name but a few examples, Fig 6.5 caption says "Cash Currency trading screen" but it's actually a bar chart of Yen futures (p.124)
The data for Figure 8.11 (a perpetual contracts bar chart of Yen) is presented with the caption of Figure 8.10 ("Soybeans futures monthly chart"). No soybeans chart is presented at all; instead, a Nikkei futures chart mysteriously appears (p. 212)
Figure 8.41 is printed upside down! (p.236). Honestly. This is perhaps the ultimate insult to the reader and ought to be a source of acute embarrassment to the editor and author.
Academy Award nominee James Caan, with two a's, will be amused to read p. 89 which states "... has been depicted in fiction such as the movie Rollerball starring James Cann" with two n's.
Those who buy the book believing it may deliver on the dustjacket's promise "How to trade the world's biggest market" will receive a disappointment. The only trading strategy Gotthelf reveals is "Go Long when price crosses above a moving average, Go Short when price crosses below a moving average." Then he regurgitates standard methods of creating a synthetic position using options. There is absolutely nothing new here.
No review would be complete without mentioning Gotthelf's mysterious concept of Parity. First he tells you it's "a ratio that always equals one" (page 24). Next he tells you "there are no exact relationships" in FOREX (page 32), leaving you to wonder how Parity could always equal one if there are no exact relationships. Then he muddles through two hundred more pages and eventually you, the reader, decode the fact (which Gotthelf never bothers to state exactly) that his "Parity" actually means "Equilibrium". Great. But where's the insight?
I own several other Wiley Finance books and all of them have wonderful quotes from important figures in the trading world, in the form of testimonials and gushing recommendations on the rear dustjacket. Kaufman's "Trading Systems and Methods" has five, Hill and Pruitt's "The Ultimate Trading Guide" has four, Ryan Jones's "The Trading Game" has five, Sweeney's "Maximum Adverse Excursion" has three, et cetera ad nauseum. But this currency book by Gotthelf has exactly zero quotes on the dustjacket. No recommendations, no congratulations, no endorsements. I suggest you follow the advice of everyone who DIDN'T write a recommendation for Gotthelf's book: stay away.
Average customer rating:
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Deciphering the Market: Principles of Chart Reading and Trading Stocks, Commodities and Currencies
J. M. W. Tadion
Manufacturer: John Wiley & Sons
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ASIN: 0471965723 |
Book Description
A controversial, irreverent, and often amusing guide to the art and science of technical analysis
Taking a non-biased, scientific approach to the subject, Dr. Jay Tadion exposes many of the most cherished myths and preconceptions in the field of technical analysis. And in their place he offers a refreshingly original and empirical approach to this increasingly popular area of finance.
JAY TADION, PhD, (Pully-Lausanne, Switzerland) formed his own company, Research and Industrial Instruments Company, while still studying at Kings College. Spurring the company into a world leader, Tadion has taken an active role in managing his own investments and shares his insights as a consultant to major banks and currency funds.
Customer Reviews:
I give up!.......2004-08-28
All that I got out of reading this book is the idea that the author is a smart, successful person. I haven't the slightest clue as to how anything contained in the book can be used in my (or anybody else's) trading. Also, it is much less than an entertaining read. Avoid like the flu - unless you are a masochist, or have trouble sleeping!
Average customer rating:
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Dictionary of Futures & Options: 1500 International Terms Defined and Explained
Alan Webber
Manufacturer: Probus Publishing Co.
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Binding: Hardcover
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Futures Markets (International Library of Critical Writings in Financial Economics, 2)
Manufacturer: Edward Elgar Publishing
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ASIN: 1858980704 |
Books:
- International Economics (2nd Edition)
- International Financial Management
- Introduction to International Economics
- Introduction to International Economics
- Introductory Stochastic Analysis for Finance and Insurance (Wiley Series in Probability and Statistics)
- Investment Science
- Labor Relations and Collective Bargaining: Cases, Practice, and Law (8th Edition)
- Liar's Poker: Rising Through the Wreckage of Wall Street
- Managing Operational Risk: 20 Firmwide Best Practice Strategiess
- Managing Transitions: Making the Most of Change
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