Revealed: Universal Truths that Underpin Successful Trading

Traders may trade in different markets, across different timeframes and with different instruments based upon different techniques, but one common thread ties all winning traders together: the universal principles of successful trading.

Discover what distinguishes the winners from the losers from one of Australia’s top trading advisers, Brent Penfold, in his new book, “The Universal Principles of Successful Trading: Essential Knowledge for All Traders in All Markets” (ISBN: 978-0-470-82580-8; John Wiley & Sons (Asia) Pte Ltd).

A sobering, conservative and truthful look at the pitfalls of active trading, Penfold’s book lends perceptive insight into why most trading methodologies fail, while challenging conventional thinking on trading psychology.

Supporting the universal principles are rare interviews from a diverse group of 15 successful traders from the United Kingdom, America, Singapore, Hong Kong, Italy and Australia – some, the new young guns of trading and others, the market legends who are trading just as actively today as they were over 50 years ago. Some of these Market Masters include top advisor to George Soros, Steven Cohen and Paul Tudor Jones – Tom DeMark; ‘Chart Man’ Daryl Guppy; and championship-winning day trader Andrea Unger. They offer the reader one singularly powerful piece of advice each, to help them towards their trading success.

The Universal Principles of Successful Trading is an expedient tool clearly and unambiguously articulating the roadmap to successful trading – a book that should belong on the shelf of every private investor.

The Universal Principles of Successful Trading: Essential Knowledge for All Traders in All Markets

Published by John Wiley & Sons, Inc.

Publication Date: April 20, 2010

US$39.95; Cloth; 376 pp.; ISBN: 978-0-470-82580-8