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Books Vs Ebooks
Posted on 07/03/2007 21:20:04 | Link | Post Comment
I'm back from America and once again I'm going through that strange sensation of not feeling any connection to this subject. The same thing happened when I went to India - I came back and looked at my charts and thought "what the hell is this all about?" - It usually wears off after a week and my interest is back.
Whilst I was away however, I read Van Tharps book Trade Your Way to Financial Freedom and it was a good read. It struck me as I was reading it that the relative value of these classic trading books is off compared to the whole crappy Ebook industry.
The point I want to make is that we beginner traders should stop buying that crap. We are simply falling for marketing ploys.
For instance, the last Ebook I bought was about 30 pages and it cost around $69... It contained the usual pattern formula which was a website with sensational claims, and then the typical utterly lame piss-weak content which ALWAYS goes something like this:
What is Forex?
Who Trades the Forex Market?
Support and Resistance
Trend Lines
MACD
blah
blah
blah
THE SYSTEM (when EMA x crosses EMA y and CCI is above zero etc)
By comparison to this laughable fluff, Van Tharps book was a mere $49 and contains 300 pages of hardcore professional trading information.
The point of this post is that when there are classic trading books to read, buy them instead of ebooks. They are better and they are cheaper.
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