Part Three - Further Information and Glossary
The third and final section of High Probability ETF Trading includes two chapters and a glossary, and provides some suggestions for further research (such as keeping a trading log), some additional information about trading ETFs, and a small glossary of some of the terms that are used in the book.
Using the Book in Your Trading
High Probability ETF Trading provides exactly what it claims to provide (i.e. several statistical ETF trading strategies), but there is very little general trading information. The book assumes that the reader already has a good understanding of trading basics (e.g. long and short trades, etc.), however, it does not require a specific amount of trading experience. The trading strategies themselves are very basic strategies (read as not complicated), so they can be understood by traders of any level of experience.
Experienced traders will be able to take the information that is provided, and decide very quickly if they want to incorporate it into their own trading. Less experienced traders will need to make sure that they understand the information correctly, and the consequences of its use, before deciding what to apply to their own trading.
Writing Style
High Probability ETF Trading is a relatively short book, (114 pages to the end of the glossary), and the writing style is straightforward and to the point. This makes the book very easy to read, and an experienced trader would be able to read the book within one or two hours.
High Probability ETF Trading presents most of its information in a text only format, suplemented with a few basic graphical charts. The balance between text and graphical charts is correct (i.e. there are enough charts to illustrate the information), but the charts themselves could be improved, however, this is more a criticism of TradeStation (which was used to create the charts) than of the book.
Conclusion and Recommendation
Having read and reviewed one of Larry Conners' trading books previously (Short Term Trading Strategies That Work), I knew what to expect from High Probabilty ETF Trading, and I received exactly what I expected. Therefore, if you enjoyed any of Larry Conners' other trading books, you will probabily enjoy High Probabilty ETF Trading as well.
I appreciated the straightforward style, because it allowed me to spend more time thinking about the trading information, rather than reading unecessary information. I also appreciated being able to read the entire book within one or two hours.
Statistical traders will find that High Probabilty ETF Trading is worth reading, and I recommend the book for traders of any experience level that are interested in statistical trading. Discretionary and system traders will not get as much benefit from the book, aside from a good insight into statistical trading. The recommended price of High Probabilty ETF Trading is $39.95, so it is priced to be affordable. High Probabilty ETF Trading can be purchased directly from the Trading Markets' High Probabilty ETF Trading web site.
