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    7 Simple Strategies of Highly Effective Traders: Winning technical analysis strategies that you can put into practice right now
    7 Simple Strategies of Highly Effective Traders: Winning technical analysis strategies that you can put into practice right now
    7 Simple Strategies of Highly Effective Traders: Winning technical analysis strategies that you can put into practice right now
    Ebook145 pages1 hour

    7 Simple Strategies of Highly Effective Traders: Winning technical analysis strategies that you can put into practice right now

    By Paresh H. Kiri and Alpesh B. Patel

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    About this ebook

    A practical guide to the straightforward and winning strategies of successful traders
    Trading is best kept simple and focused - that is the way to win. The most successful traders will tell you that they use only a small number of strategies, applying them time after time. A common mistake of losing traders, however, is to overly complicate what they do, using many different strategies at one time, or leading a never-ending search for new strategies.
    In 7 Simple Strategies of Highly Effective Traders, Alpesh Patel and Paresh Kiri provide a practical guide to seven technical analysis trading approaches that are simple, effective and easy to put into practice. These are the kind of strategies professional traders use to manage their trading. Throughout, readers will benefit from the trading insight and expert chart commentary of two vastly experienced traders.
    Included are strategies for breakout with volume, event trading, mean reversion, moving averages, short-term day trading, and more.The strategies can be used on a wide range of instruments, from equities to forex, bonds and commodities. Most of the approaches can also be used equally on UK, US or international markets.
    Don't waste money cycling through strategies, pursuing the Holy Grail - follow the winning approach of the pros and keep things simple.
    LanguageEnglish
    PublisherHarriman House
    Release dateNov 3, 2014
    ISBN9780857194534
    7 Simple Strategies of Highly Effective Traders: Winning technical analysis strategies that you can put into practice right now
    Author

    Paresh H. Kiri

    Alpesh Patel is co-founder of asset manager, Praefinium Partners and www.alpeshpatel.com and has had over 200 columns on trading published by the Financial Times in his 'The Diary of an Internet Trader' column. Alpesh is a former Visiting Fellow in Business at Corpus Christi College, Oxford University and a qualified barrister. He won the competition in the Financial Times to predict the value of the FTSE 100 over a 12 month period, coming within 0.5% of the final value. For Bloomberg TV he presented trading shows for three years. Alpesh has lectured on trading in Beijing, Hong Kong, Singapore, Guatemala, Spain, Dubai and San Francisco, and his trading books have been translated into German, French, Russian, Thai, Korean and Polish. Alpesh's trading blog is available at www.alpeshpatel.com/blog. Past clients of Alpesh's company for customer acquisition include Barclays, Goldman Sachs, American Express, Merrill Lynch, HSBC and all the major spread betting companies. Paresh Kiri has vast experience as a floor trader on the world's second largest derivatives exchange, LIFFE, and as a portfolio manager for 18 years. He is an FSA regulated Investment Manager. Starting his career on the LIFFE floor in 1993, Paresh was one of the first traders to embrace screen trading, through the LIFFE online trading platform APT - Automated Pit Trading. Making progress under the guidance of the legendary LIFFE trader David Kyte, he was one of the most consistent traders on the largest product on the floor - the Japanese Government Bond. After successfully completing the Investment Management Certificate in 1996 he was one of the founders of Kyte Securities. From trading financial futures and option products, Paresh had his first taste of trading shares. During the next three years he was instrumental in discovering bespoke strategies for trading equities globally. In 2000, Kyte Securities became Eden Financial - which is now one of the most respected wealth management companies in the City of London, and the strategies developed were then incorporated as the backbone to the Tomahawk hedge fund, run by Marble Bar Asset Management. Since leaving Eden Financial in 1999, Paresh has been managing private client and institutional money. He has also been developing an Index Options Desk, and seeking ways of bringing the strategies he developed to the wider public audience by structuring managed accounts services using online trading platforms. Paresh regularly coaches and holds private seminars on trading the markets.

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      Book preview

      7 Simple Strategies of Highly Effective Traders - Paresh H. Kiri

      Publishing details

      HARRIMAN HOUSE LTD

      18 College Street

      Petersfield

      Hampshire

      GU31 4AD

      GREAT BRITAIN

      Tel: +44 (0)1730 233870

      Email: enquiries@harriman-house.com

      Website: www.harriman-house.com

      @harrimanhouse

      Published in Great Britain in 2014

      Copyright © Harriman House Ltd

      The right of Alpesh B. Patel and Paresh H. Kiri to be identified as the authors has been asserted in accordance with the Copyright, Design and Patents Act 1988.

      9780857194534

      British Library Cataloguing in Publication Data

      A CIP catalogue record for this book can be obtained from the British Library.

      All rights reserved; no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the Publisher. This book may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of binding or cover other than that in which it is published without the prior written consent of the Publisher.

      Whilst every effort has been made to ensure that information in this book is accurate, no liability can be accepted for any loss incurred in any way whatsoever by any person relying solely on the information contained herein.

      No responsibility for loss occasioned to any person or corporate body acting or refraining to act as a result of reading material in this book can be accepted by the Publisher, by the Authors, or by the employers of the Authors.

      For Aekta – Alpesh’s lovely wife and For Rajee – Paresh’s beloved patient wife

      Preface

      What this book covers

      We know that what traders want most is to get on with trading, so we have designed this concise book to provide quick and easy access to seven trading ideas. The seven strategies we present are straightforward, readily applicable, tried and tested, and most importantly successful.

      All of the strategies presented can be applied by short to medium-term traders, such as those looking at one-minute day trading opportunities to those looking to hold positions for up to around a month, and sometimes slightly longer.

      The strategies provided can be used by traders of the full range of products, from those focussed on equities to those looking at forex, bonds and commodities. Most of the strategies can also be used equally on UK, US or international markets.

      With all the strategies you can trade using futures, options, CFDs or spread betting to execute the trading idea.

      This book is not intended as a complete guide to trading – rather it is intended to provide the background to seven trading strategy ideas for those who are looking to develop or enhance their trading. You should make use of other trading resources, such as the internet and other books. We have provided references to useful websites where relevant throughout this book.

      Who this book is for

      We wrote this book for everyone from beginners to advanced traders. The beginner will get the benefit of being able to skip years of trial and error and strategy hunting, and instead be able to piggyback on our expertise and experience. We speak to thousands of traders each year through our seminars, events, webinars, blog and tweets, and know exactly the issues they face.

      We’ve kept everything as simple as absolutely possible so that it is easy to learn and implement. Action is the key to success and the goal of this book is that you can act upon it. It is not something to just buy and forget about – it is a practical user manual. This is the next best thing to being inside a fund, looking over a fund manager’s shoulder.

      The advanced trader will be able to add to their existing arsenal of trading strategies or improve upon what they are already doing.

      How this book is structured

      We’ve structured this book to be compact, to the point and practical. There are seven strategies and each is broken down into an introduction, some background material, worked examples showing how to execute it and then a conclusion, which gives additional relevant information.

      Most importantly, the last chapter explains three of the most important things you need to know, no matter which strategy you adopt. We’ve taken the best information and wisdom from our own trading, our professional experience as hedge fund managers, from our professional colleagues and from the leading hedge fund managers of the world.

      Alpesh B. Patel, Hong Kong

      Paresh H. Kiri, London

      Acknowledgements

      Our publishers of course as ever, Stephen Eckett, Myles Hunt and Craig Pearce – all of whom go together with their wonderful professional team to make the publishing experience easy from manuscript submission to printed book and book signing!

      We would also like to say a big thanks to Susanne Meister at Praefinium who helped reorganise the material.

      About the Authors

      Alpesh B. Patel

      Alpesh is a successful entrepreneur, running an asset management company and serving as a dealmaker for the British government. Following his education at Oxford University, Alpesh became a barrister and went on to achieve remarkable success in the fields of finance, business and philanthropy, and also in his role working for the British government.

      Alpesh held a weekly show on Bloomberg where he presented on technology and investing for three years. Thereafter, he set up an asset management business which survived the credit crunch and is continuing to grow internationally with offices in London, Singapore and Luxembourg.

      Alpesh also had his own weekly column in the Financial Times for five years, for which he gained extensive praise from readers. He has previously won a Financial Times competition to predict the FTSE 100 over a 12-month period, beating other City professionals and asset managers – coming within 0.5% of the final value.

      He is author of 18 books, which have been translated variously into Mandarin, Russian, Spanish, French, Korean, German, Thai and Polish. Alpesh’s books include ones on investing online (you only need five sites and five minutes to make money); investment psychology (what the world’s best self-made traders taught me that can turn you into an asset manager); outsourcing (how to do it properly to build personal capacity for game-changing achievement); and female entrepreneurs (what they do to self-sabotage and what men do to trip them up). His best selling book, The Mind of a Trader, was one of the top selling books on Amazon in 1999 – outselling J.K. Rowling, Bill Gates and Richard Branson for a long while.

      Alpesh has sat on the advisory board of the private banking division of India’s largest bank, ICICI.

      Paresh Kiri

      Paresh Kiri has vast experience as a floor trader on the world’s second largest derivatives exchange –

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