To be perfectly honest, writing a stock market book was never very high on my list of priorities. Only after several years of experience trading in live markets and only after copious studying did I feel confident enough to put pen to paper. Even then, I wasn’t sure how well it a book would be received, particularly as I had no formal training in writing. Of course, now I’ve written it, I’m glad I did, and the response has been much better than I had anticipated.

How to Beat Wall Street stock market book by JB Marwood

My background

I have always been interested in the stock market.

From an early age I would come home from school and watch the Money programme on TV, a weekly show that talked about UK investments. I remember picking a few names, writing them in my school book and then checking them every day to see whether they had gone up or down.

As I went through University, I still kept an interest in stocks but I also started to look at the forex market. For me, the forex market was ideal because it was highly liquid, always moving and cheap to trade. I began trading currencies using a spread betting firm while a student and I also played a lot of poker too.

Futures Trader

After graduation, I continued to trade in my spare time but my education really went up a notch when I took a job as a futures day trader for a trading firm in London. To say the experience was intense is an understatement as I (and two other graduates) were thrown into the deep end from day one. It seems unbelievable now, but we were unfortunate enough to start trading the very day after Lehman Brothers filed for bankruptcy. Our first day of live trading was one of the most volatile day in the markets since 1987 and it only got worse in the coming weeks.

Learning the ropes

I won’t go into the details of my time as a day trader – it would probably read more like a drama than anything educational – but I will say that during that time I learnt just about all I could. I traded through the most volatile period in a generation, where I had to grind out a profit every day in order to survive. I read every book I could get my hands on, studied every article and put in hours of work. I had a good teacher in the form of an ex Deutsche Bank head of trading and needless to say I learnt a hell of a lot.

Trend following

After working and struggling as a day trader for about a year, I started to realise that making money was easier and less stressful on slightly longer timeframes. It was then that I started to look more closely at trend following strategies and before long I branched out with a partner to create our own small fund. It’s the fund we still trade today and is based on a mixture of trend following and fundamental analysis, utilising a semi automated strategy.

My stock market book

In order to keep up to date with the markets, I found myself writing articles for sites like Seeking Alpha and this blog. Soon, I had a fair amount of content so it made sense to start putting it into a book. Of course, once I had made that decision there was no going back. Completing the book took a lot longer than I had hoped and was a lot more work than I bargained for but it was worth it in the end as the book is something I am now proud of.

How to Beat Wall Street: Everything You Need to Make Money in the Markets

In essence, HTBWS is a concise guide to the markets. It covers a large amount of material, reporting on many of the most important financial books and reports written.

It covers the fundamentals, financial ratios, technical analysis, trading systems and more, such as momentum trading and dollar cost averaging. It also comes with bonus material including historical data, excel files and the code for all of the systems in the book.

Reviews

“This book is a great first book for new traders. The author takes the new trader step by step through explaining all the different dynamics of basic trading. This book does a great job of covering all the bases, fundamentals, timing, the risks, tips for beginning traders, the basics of technical analysis, along with the basic concepts of building a trading system. This is a rare book that actually gives some examples of basic trading systems along with their statistics and back tested profitability and their maximum draw down in equity.

This book is a great book chock full of educational material and information that are keys to a new trader surviving that first year in the markets and setting themselves up for profitability. I would put this on a top ten list of books for new traders and I have read hundreds and even written a few of those books myself.”

– Steve Burns, newtraderu.com

The author has provided a good overview of macro factors an investor needs if he aims to beat the market. Thorough introductions on requisite topics are provided. I wonder this might even be used by someone with,hardly much background knowledge to the subject. The book introduces 20 trading systems and Amibroker codes are provided upon request. A readable and usable book.

– Heman Wong, HK

Great book. Easy to read and clear. It gives an overall view of many aspects of trading (fundamentals and technical aspects of stock and forex trading, money management, diversification, economy in general). It helps you to visualize the the global aspects involved in trading, and not just stock trading.

I also appreciate the resources & bonus material that helps you tho develop your own trading system and continue your research.

– Ignacio Riera Fernandez

This is a great book that starts out by explaining the basics to a new beginners and then ends by giving some great advanced ways to increase your investment returns. I highly recommend this book for all levels of investors, the new, the old, and the in between.

– Curt Dalton

Where to get it

link for my stock market book HTBWS

 

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