This book is a must have in any traders arsenal. It is insightful and logically progresses step by step through each chapter. This approach builds on the knowledge you have gained and advances it incrementally thus never making the book feel like a heavy text book.
Toni Turner talks from the perspective of a winning trader who has had a long successful career. She shares her wins and losses and most importantly the knowledge she gained through each. From a basic history of the stock market to setting up, technical and fundamental analysis the book delivers a well rounded introduction to short term trading.
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Considering my enthusiasm for The Naked Trader I pre ordered The Naked Trader 2 with the eager anticipation of more light hearted stories and friendly fun. Whilst the book gives you a little of this it seems to try too hard to be a serious trading book and looses the personality of the first. In his attempt to make a proper book (because as he insists it’s not for the money) he gives you a little of everything and not much of anything.
The information within the book is more detailed that the first book but not detailed enough and whilst he tries to show various trading strategies there is the element of vagueness that comes with trading strategies. His strange views on technical’s and charts seems to be born of ignorance and he washes over this whole topic which makes the book quite biased towards fundamentals.
Whilst it is not a bad read it is a little disjointed and didn’t endear me to him as much as the first. If you haven’t read either book the second does give you more trading tips but at the loss of a good read. In the end it comes down to a good fun read vs. more information and no personality. I will stay with the first.
The Naked Trader was one of the first books I read. It offers a great starting point into the world of trading and although it doesn’t go into spread betting it is a very useful read. The tone of the book isn’t preachy and Robbie Burns uses day to day language to explain trading terms. It starts off with a warm introduction to how he started out trading and gives you the kind of self belief you need when beginning.
Robbie clearly prefers fundamentals and does not delve too deep into technical charting or trading technicals. He walks you through his trading day and which offers a great insight into his personal trading strategies. He explains what websites he uses how he sources his information and gives you little shortcuts to gaining the information you need. All this combined with his compulsion for toast and little side stories about Mrs. Trader means that the read never gets too heavy and keeps to the light side.
If you haven’t read this it’s worth a read even for the aspirational goal of leaving the rat race and working from home. Whilst his style will not suit everyone he does not pretend to have all the answers and is simply documenting his trading methodologies. The Naked Trader is a warm and pleasant read that left me wanting more.
The book advertises itself as “Bridget Jones meets Wall Street” which is a little deceptive. Sally Nicoll’s unfortunately lacks the wit of Bridget Jones or the savvy of Wall Street. What the book does offer is a how not to guide to spread betting. It is amusing is some parts but then you realise you’re not laughing at the situation but at the shear lack of understanding or research she has done.
I am possibly being too harsh but there are really very few redeeming aspects to this book. This was the first book I read once I started becoming interested in Spread Betting. I did heed some of the errors she made and thank the book for that much. What I think disappointed me the most was that she appears to be keener on writing a book for the sake of it than providing any insight into successful spread betting. She shows a wilful determination to avoid any true research into spread betting and instead takes a frivolous gamblers approach to the whole matter.
Whilst this is a harmless read it does not give you any useful information but does provide an amusing if not bemusing insight into an aspiring spread bettor. I still occasionally view her website in the hope she has learnt something new and is now successfully trading but alas no, she is writing another book.
