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Smarter Trading: Improving Performance in Changing Markets
 
 

Smarter Trading: Improving Performance in Changing Markets (Hardcover)

by Perry Kaufman (Author) "This book is about how to improve your trading in the stock, foreign exchange and futures markets ..." (more)
4.3 out of 5 stars  See all reviews (3 customer reviews)

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Product details

  • Hardcover: 252 pages
  • Publisher: McGraw-Hill Professional (1 Jan 1995)
  • Language English
  • ISBN-10: 0070340021
  • ISBN-13: 978-0070340022
  • Product Dimensions: 22.8 x 15.6 x 2.6 cm
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon.co.uk Sales Rank: 587,444 in Books (See Bestsellers in Books)
  • See Complete Table of Contents

Product Description

Product Description

As a direct result of economic globalization and computerized trading, today's professional stock, bond, and futures traders face a career-making - or breaking - challenge: to track and immediately comprehend the bewildering place of market, volume, and price changes, then some how profit from this unexpected volatility. In "Smarter Trading" distinguished author and trader Perry Kaufman helps harried financial pros cope with financial market uncertainty by creating a "robust" trading model that adapts quickly to market changes and yields stronger, more predictable results. And he shows them how to make sense of the current barrage of sophisticated, hi-tech trading technologies - neural networks, fuzzy logic, expert systems, chaos, and fractals, to name a few - and align these weapons with their own trading strategies.


Book Description

As a direct result of economic globalization and computerized trading, today's professional stock, bond, and futures traders face a career-making--or breaking--challenge: to track and immediately comprehend the bewildering place of market, volume, and price changes, then some how profit from this unexpected volatility. In Smarter Trading distinguished author and trader Perry Kaufman helps harried financial pros cope with financial market uncertainty by creating a ``robust'' trading model that adapts quickly to market changes and yields stronger, more predictable results. And he shows them how to make sense of the current barrage of sophisticated, hi-tech trading technologies--neural networks, fuzzy logic, expert systems, chaos, and fractals, to name a few--and align these weapons with their own trading strategies.

Inside This Book (Learn More)
First Sentence
This book is about how to improve your trading in the stock, foreign exchange and futures markets. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Average Customer Review
4.3 out of 5 stars (3 customer reviews)
 
 
 
 
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3 of 4 people found the following review helpful:
4.0 out of 5 stars Good info except for the "high tech" section at the end, 23 Aug 1999
By A Customer
Perry Kaufman seems like a very knowledgable technician. I think he should write more books. "Smarter Trading" is a good read, especially the discussion on stop-loss orders and market noise. The adaptive moving average is far superior to other MA's. You can skip the neural network and machine language garbage. Neural Networks are nothing more than the ultimate curve-fit.
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1 of 1 people found the following review helpful:
4.0 out of 5 stars a superb read for new and experienced traders, 31 Jan 1999
By A Customer
successful trading system development requires a firm grasp of financial markets, statistics, and clever computer programming and Mr. Kaufman offers a little taste of each to his readers. The chapters on "market reality", "risk and return", "trend following" and "robustness testing" are well written and very helpful, while sections on "neural networks", "fuzzy logic", and "expert systems" are basically filler material and of not much practical use. All said, it is one of the better books on the subject.
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5.0 out of 5 stars A must for a system trader, 29 Jun 1998
By A Customer
The book covers system trading approach in a very systematic way. Additionaly the book describes some "side" issues which in turn play a cruicial role in the trading business. Recommended !
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