Over 15 compelling chapters, Ian Murphy unpacks the world of a private trader, providing a wealth of practical tools for those wishing to make a living from the markets. In Part A he examines the job of a trader and their relationship with the market - and how to survive where so many others have failed. In Part B he reveals the habits of serious professionals. These include essential procedures such as the Eight Checks and the Nine Filters which should be employed by all traders before a single penny is placed in the market. Most important of all, Ian explains how the Five Limits of Risk allow us to embrace the dangers at the heart of trading, so we can face the market with confidence and clarity. In the Six Edges chapter, psychology - the key to trading success - is closely examined and we see how the concept of a trading 'edge' is overrated and misunderstood. We also learn how Buddhist techniques for working with the mind can be profitably employed in the market. In Part C the author shares three consistently profitable trading strategies which expose opportunities inherent in the market and demonstrates how to leverage those opportunities. These strategies are explained in great detail with the aid of marked-up charts and backtested results. Way of the Trader is a must read for anyone thinking of trying their hand at trading. It's also an indispensable tool for experienced traders who are unable to remain profitable over the long run and need to introduce order and structure to their daily routine. Murphy doesn't claim to be another market guru or promise to make you millions. He's the guy up the street who figured out how to become profitable after years of frustration and confusion. Based on his own experience and that of other professional traders, he systematically demonstrates how patience and perseverance, when coupled with an open mind and hard work, offer a path to a lifestyle which is financially independent and free.

About the Author
Ian Murphy is a successful private trader, trading his own account using trend-following, swing-trading and day-trading strategies. He has studied various facets of trading with a number of experienced traders, including psychology and trading methods with Dr. Alexander Elder. He has also worked closely on technical analysis and trading strategies with Kerry Lovvorn. Throughout his trading career, Ian has maintained detailed records and a diary documenting the highs and lows of his trading experiences. Over time, he identified the most important aspects of the journey as he began to interact with other traders. The lessons learned have now been brought together in his new book, Way of the Trader.

Reviews
"The liveliest book on trading I have read in several decades ... A breath of fresh air: real, humane, and genuinely funny. You'll enjoy reading it" - Dr. Alexander Elder



Book Information
ISBN 9780857196989
Author Ian Murphy
Format Hardback
Page Count 288
Imprint Harriman House Publishing
Publisher Harriman House Publishing