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For the more experienced...
...stock trader, definitely not for beginners. It's a wee bit hard to understand, however read and re-read it, you will discover some awesome techniques that will help you be profitable!
Not for the newbie
It's true that there is not one compound sentence in this 440 page book -- an incredible feat in itself. Unfortunately, it does make the book a challenge to read.
However, opening my copy at random, across two pages I count 13 paragraphs, of which nine contain one or more highlighted sentences. The book is densely packed with actionable and accurate information.
The combination of endless subject-verb sentence structure, along with the fact that Farley wrote for experienced traders and therefore doesn't waste time explaining what the reader ought to already know, makes this book inappropriate for new traders.
But it's a virtual goldmine for experienced traders. Intermediates will get a boost to the next level, and professionals will get some tips and important reminders.
If you're ready for it, by all means, buy it.
The Master Swing Trader
Whilst I am sure there are some pearls of wisdom contained in this book it is an extremely difficult book to read as a result of the language and phraseology used.
In addition many Figures/illustrations are used without reference in the body of the text and the reader is left to try and decipher what is presented without any real assistance.
I was referred to this text as the bible of swing trading and I am really quite disappointed with the outcome as it is poorly written when the subject matter demands direct non-flowery statements. Each page is filled with flowery, emotive statements that are confusing and poorly directed.
I would not recommend this book to any one wanting to get a meaningful understanding of swing trading.
Do you need to buy this book?
There are useful ideas in this book but I find it is so difficult to read. We definitely need to apply the right strategy to suit the market cycle but do we need to have too many entry set-ups? Trading is a game of probability. There is no guarantee an entry set-up will work out. Risk control and exit strategy are more important. We can swing trade successfully with just a few entry set-ups.
Do you need to buy this book? If you want to get ideas on entry set-ups and chart analysis you may consider but be prepared it is not an easy read. Besides, most of the ideas are already presented in the author's website [...] You may want to visit his website first.
Master Swing Trader
The topics covered in the book are indeed varied to the extent that certainly the major swing trade techniques are identified. This is not an introductory text on the subject and is not necessarily useful as a reference due to the lack of specific examples and guidance. As simple as it may seem, a better reference on the subject of technical analysis and swing trading techniques is Technical Analysis for Dummies. While the mathematics for a vast majority of the techiques presented in the text may appear dry and uninteresting, more sample problems and a "big picture" approach would certainly have helped this book get the point across to the trader who wants to employ any number of methods to minimize the emotion factor when trading stocks. Leave this book on the bookseller's shelves.
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