2013/03/c4088_forex_trading_online_51F956ReELL._SL160_

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude

Print Friendly

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude

  • Used Book in Good Condition
Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money.  He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.

List Price: $ 50.00 Price: $ 27.20

Find More Forex Trading Online Products

2 thoughts on “Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude”

  1. 104 of 104 people found the following review helpful
    4.0 out of 5 stars
    Set up your mind before trading, November 17, 2004
    By 
    Ricardo (Madrid, Spain, EU) –

    This review is from: Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude (Hardcover)

    If you want to fulfill your expectations of a perfect trading system this is not your book. This book is about you and the market; is about how to set up your mind to become a consistent winner.

    Chapter 1 describes the necessary mental framework for trading properly.
    Chapter 2 shows the psychological challenges a trader must face up to.
    Chapters 3 to 5 define the mental framework for trading and what will happen if you lack it.
    Chapters 6 and 7 tell us how to get that mental framework from a personal point of view ( opportunity flow and thinking in probabilities).
    Chapters 8 to 10 describe how to achieve that mental framework from the market’s point of view.
    Chapter 11 is an exercise to put it all together.

    Although Mr. Douglas knows what he’s talking about, his book requires more market examples. Furthermore he loses the thread of his arguments at times and request to be reviewed several times to make the most of it.
    In spite of this shortcomings it is correct a approach and worth reading.

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

  2. 363 of 373 people found the following review helpful
    5.0 out of 5 stars
    Picks up where every other book leaves off, August 1, 2002
    By 
    Peter B. Nelson (Pine Island, MN USA) –
    (VINE VOICE)
      
    (REAL NAME)
      

    This review is from: Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude (Hardcover)

         If you are like most people, after your first few losing trades you set about to learn better market analysis. After your next string of losers you learned about risk management. But there’s still one more challenge to conquer; yourself.
         That is the major premise of this book. If it sounds like wishy-washy psycho-babble to you, I’ll only say that I would have agreed — four months ago, before I quit my 20-year technology career, obtained a Series/7 license and joined a professional day-trading firm. I now believe most people would lose money if you gave them 50/50 odds on whether or not it was going to rain tomorrow.
         In other words, successfully forecasting the market is not enough. Why not? Well, this book explains why not. It has to do with one’s sense of self-worth, one’s moral judgment of money, one’s work-ethic, one’s tendency to focus on good news while ignoring bad, and other things.
         “Zone” was recommended to a friend of mine by a professional floor trader who told him, “I wish I had read it before starting two years ago. Don’t place another trade until you do.” Well said. Does this apply to investors as well as traders? Oh, absolutely! If you have ever said to yourself, “I’m not selling that stock while it’s down, I’ll wait until I have a profit in it,” then for the love of money, read this book.
         Finally, read “Zone” before Douglas’ earlier work. If you still want more then read “Disciplined Trader” for a general review plus a deeper exploration into the author’s philosophical and meta-physical theories.

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

Comments are closed.