The practice of stock speculation. Niederhoffer W., Kenner L.

The authors of the book are trader-manager Victor Niederhoffer , who is widely known in the world of finance, and Kenner Laurel, an outstanding analyst.

This symbiosis allows us to hope that the book “The Practice of Stock Speculation” is not only a theoretical guide, but also has practical value.

There are a huge number of books that talk about the simplicity of stock trading, the textbook refutes this statement, it teaches how to organize the trading process.

In fact, this is a set of tips and recommendations that allow you to prevent most mistakes.

1. Mum-Jumbo and Moonlight – a general idea of ​​the market and a description of the situation that existed at the time of writing. Statistics on changes in stock prices over recent decades.

2. Practical Trading – a section where the authors move from theory to practice. Here you'll learn methods for combating market noise, the basics of building an investment plan, a physical approach to money as energy, and the secrets of negotiating.

After reading the book, I'm left with mixed feelings: I seem to have gained a wealth of information, but most of the advice applies to real-world trading on the stock exchange. Among the useful points, I note the price statistics for exchange instruments and the identification of important patterns.

You can download the book in one of the online stores