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Book: Trading ETFs: Gaining an Edge with Technical Analysis :: Robert Kiyosaki|Books :: Book
Date: Friday, 21 November, 2008 :: 00:48
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Trading ETFs: Gaining an Edge with Technical Analysis
List Price: USD $55.00
from USD $33.37
Product Group: book
Manufacturer: Bloomberg Press
Studio: Bloomberg Press
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Editorial Review: Product Description
An exchange-traded fund (ETF) is a basket of stocks that trades on an exchange with the same simplicity and liquidity of an individual stock. In this book, money manager Deron Wagner introduces the major types and families of ETFs and then provides step-by-step guidance to picking and trading funds. Unlike other books on ETFs, Wagner's strategies are based on technical analysis, a method of timing the market that greatly improves an investor's chances of predicting short and intermediate term ETF trends. Wagner's comprehensive catalog of the ETFs now available, his insights into successful trading techniques, and his solid research and informative examples, will be an invaluable resource for everyone trying to come up to speed on this new investment opportunity.
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Reviews:
Average Customer Review: 
2 of 2 people found the following review helpful:
Summary: A Simple, Logical & Highly Tradeable System
Date: 2008-10-30 - 
Comment: Deron Wagner,in Trading ETFs, has presented a very simple, logical and, I think, successful approach to trading ETFs. In a very readable and understandable style and utilizing numerous chart examples, Mr. Wagner describes how he goes about finding the highest probability trades, how he determines the optimum entry point, how he manages open positions, and how he exits positions be they big winners, breakevens, or losers.
He describes his approach as being a "top down strategy". His first step is to determine the direction of the broad market trend; then, once the trend is determined, he finds those indexes that have the most relative strength or weakness compared to the major indexes; then he selects the strongest ETFs within those indexes (or weakest if going short); then he looks at volume for confirmation; and finally he uses one or more of several techniques to properly time the new entry into the selected ETF.
The one thing that I liked most about Mr. Wagner's book was his use of clean and simple charts. He uses almost exclusively only two and sometimes three moving averages, draws simple trendlines and areas of support and resistance, and shows volume levels and averages. He does not "goop' his charts up with additonal indicators such as MACD-Histograms, slow stochastics, and RSI. While these indicators are certainly very useful to many traders, Wagner's plain, simple approach of looking only at price action and volume confirmation has a lot to be said for it.
Risk management and position sizing are touched upon only briefly but adequately and his comments about using trailing stops are most enlightening.
The two chapters describing case studies of 10 ETF's bought long and 10 ETFs sold short are most useful in illustrating the use of Mr. Wagner's various setups.
I have read Trading ETFs only once now but I am already looking forward to going through it again a second and third time. It is the type of book that you can only absorb only so much the first time around but pick even more pearls of wisdom on subsequent readings.
Needless to say, I recommend Mr. Wagner's newest book highly.
1 of 1 people found the following review helpful:
Summary: Great ETF Education and Trading Ideas
Date: 2008-10-17 -
Comment: This is a great book to learn about ETFs and how to trade them. Deron Wagoner shares his knowledge and outlines a concise methodology for trading. Definitely a reference book you will continue to profit from.
Summary: Trading ETFs
Date: 2008-10-04 -
Comment: Deron Wagner desrves a great deal of credit for having the courage to break the mold on Wall Steet. A wonderful book for experienced investors.
1 of 1 people found the following review helpful:
Summary: Trading ETFs - Great, Practical Manual to trading ETFs
Date: 2008-09-25 -
Comment: I thoroughly enjoyed this book. I actually read it cover to cover twice, and I use it in my trading. Its the kind of book that should be used as an on-going reference work. Deron combines great educational content on technical analysis and trading set-ups with his actual trades. There's a lot of content and experience packed into these pages that can really help a novice and/or experienced trader/investor alike. In today's volatile markets, ETFs offer a great trading vehicle. Deron's method is very easy to understand and makes for an implementable method for most investors. This book is an instant classic in my opinion.
2 of 2 people found the following review helpful:
Summary: Outstanding Book
Date: 2008-09-18 -
Comment: This is an excellent book! A must read. I never wrote book reviews in the past but I felt compelled to write one because this book details a methodology that I can believe in giving me the confidence needed for successful trading. In addition to reading this book, make sure to subscribe to Wagner Daily, Deron's newsletter. It is a great complement to this book and it is a real time application of all his trading methodologies.
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