An expert in the field of finance reveals his proven trading system
As a trading coach and financial advisor, Bennett McDowell has used his own proprietary trading system–Applied Reality Trading or ART to enhance the performance of his clients’ portfolios. Now McDowell outlines the unique benefits of his system and makes the case for trading the reality–not the fantasy–of financial markets. Readers will discover the importance of simplicity in a trading approach; how to develop “The Trader’s Mindset;” how to use ART(r) technical analysis software; and much more. The ART of Trading will enlighten readers in how to use reality to enrich both their financial portfolio and their own financial psychology.
User Ratings and Reviews
5 Stars Trade with consistency instead of trading your own beliefs
As Ben says, price and volume are the realities of the market. This system tells you exactly where to get in and where to get out in terms of stop losses and profit levels. You can use all or some of the trading signals depending on your personal experience level, style and strategy. Any technical indicator by itself or a combination there off (RSI/MACD/MA cross overs) is not reliable as a trading signal as it is only your interpretation of that reality at that time and therefore not consistent. Markets can stay overbought or oversold longer then we can stay solvent. Without a system that generates those signals with consistency based on price and volume you can’t really be successful as a trader. This software keeps the guess work out of the equation.
4 Stars “Stucture” the ulitmate building block
The art system takes market structure and gives you a practical way to trade it. We always hear & read about these wonderful things like Fib retractment, Value area, supply & demand but we raley walk away with anything tangible to use and trade with. The “ATR” program will teach you to identify the naturaly occuring structure that exsists in the markets and give you a very presice plan with which to trade. Training your eye to see these patterns as they develope is the key.
4 Stars Great Insight Into trading
Bennett’s book provides an insightful look into trading the markets….ART is NOT a black box system but if combined with the other techniques provided in the book one can become a successful trader…the chapter on proper money management and risk control was very beneficial….and with ART, a trader can apply strick money management and risk control rules….I would recommend this book to any trader
5 Stars Very, very interesting. A whole new way to look at things.
McDowell’s book is very straigtforward. No promises or expectations. The money management and trading pschology are right on the mark. I strongly recommend his system for the legions for “Buy & Hold” investors who want to see realistic growth over time.
5 Stars It tells you the ‘missing’ part(s) and more …
Everybody could be a ‘winner’ in a bull market. But, the real test is whether one could survive in a bear market as everyone says. The author sets it out clearly what makes up a complete trading system that could ensure investors survival (at the very least) if not more regardless of what market one is in. Having read the book now and being a day-trader myself, I could say it out with first hand experience on how important these elements are. Having experienced the ups and downs that a day-trader has to go through all the times, I have been trying to look for the ‘missing’ parts in my trading mechanism. I find that the beauty or essence of this book, which other books lack, is that it sets things out in a very clear and easy to understand manner. In addition, I managed to visit their website (wwww.TradersCoach.com) before I even got the book. There are a number of very informative videos which I went through giving myself a clear understanding as to what to look for in the book. I had the book in mid January, finished it, tried the system and bought it too. The ART system is very straight forward and it makes perfect sense to me how it works. Of course, no trading stratgegy is perfect, I have to blend in the ART system with my trading experience and knowledge to optimise my returns. But I could say that I use ART as the primary source now and other indicators as a secondary support. I would definitely recommend this book to every serious trader/investor.