Saturday, January 8, 2011

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My Store

  • Saturday, January 8, 2011
  • Chris Becker
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  • All of the products mentioned here are ones that I own, regularly use and recommend. - I consider these resources to be vital for any trader, and I refer to them regularly.

    As I like to support local merchants, all of my recommended links and affiliates are Australian or NZ based.





    Recommended Software


    Incredible Charts - by Colin Twiggs.

    Free Download, with 30 day trial of the premium data version, includes advertisements (which means smaller charts)

     I use the PRO version, which uses a Premium Data feed, including intra-day hourly data for Australian stocks and much more. It is a simple, powerful program, enabling you to switch between "projects" and time series (daily, weekly, monthly) with ease - perfect if you use a triple-screen or similar system.

    Compared to other products out there, it is very undervalued (currently $23 a month!) and has all the benefits and requirements of a full trading suite.


    Stator-AFM - Australian based Portfolio Management Software

    Stator is a combined portfolio and account management program, designed specificially for Australian based (and/or taxed) traders.

    Stator enables you to measure and understand every aspect of your performance, whilst dramatically reducing your accounting/administration time. It includes tailored risk and capital management calculators, the ability to track different systems and link your cash accounts.

    I use the PRO version, because I trade options, CFD's and shares, and I use it for my trading, investment company and self-managed super.

    Very powerful stuff and a great product!



    Recommended Books
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    Here are my recommended trading/investing and economic books - I have read and own all of these, so rest assured they are worth every penny!

    I use Fishpond exclusively to buy my books and CD's/DVD's. Fishpond is an Australiasian (NZ-based) company that has prices better than Amazon!
    Delivery is always super quick and usually free.

    Click on the book titles to go to the store to purchase.

    Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Finance Editions)Trading for a Living by Alexander Elder - a must have first book for any trader. Elder explains the 3 cornerstones of trading: Psychology, Money Management and Trading, extremely well.


    I also have the MP3 version that I listen to on my iPod.

    The (Mis) Behaviour of Markets: A Fractal View of Risk, Ruin and Reward
    The (Mis)Behaviour of Markets by the late Benoit Mandelbrot - you must read this before the Black Swan, as Mandelbrot explains the fractal/power law nature of markets, which are non-linear and mostly random, although you can find patterns in that randomness or roughness.

    A brilliant read, I refer to it constantly. A great primer on how markets really work.

    The Black Swan: Second Edition: The Impact of the Highly Improbable: With a New Section:
    The Black Swan (2nd edition) by Nassim Taleb - don't get the 1st edition, this is better.

    What can I say? It's a bl%%dy hard read, but well worth it in the end. Taleb is a former options trader and one of only a handful who predicted the GFC.
    You will need a few weeks to read this one - have a glass of wine or beer ready and prepare to put it down between paragraphs, go for a walk and think about what he has to say...

    Debunking Economics: The Naked Emperor of the Social Sciences
    Debunking Economics by Steve Keen - Steve is a professor of economics, a title that should be respected to him and only a few others who predicted, not through guesswork, the GFC and its ongoing ramifications. This book dispells all of the neo-classical, orthodox economic views.

    Ever wonder why the economists ALWAYS get it wrong? Read this book.

    Here's Steve Keen's blog and his forum - TalkFinance.net



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