Review
"Valuable not only for a comprehensive cataloguing of the vast array of exchange–traded funds that are now available but also for the insights into successful trading techniques, Deron Wagner′s Trading ETFs should become the definitive guide to this increasingly vital part of the capital markets. The book includes numerous examples of the kinds of techniques that Wagner uses in his selection of the most timely ETFs to trade and underscores one of the core insights of his trading discipline, which is to ‘trade what you see, not what you think.’ This book is recommended both to professionals who are using—or should be using—ETFs as an asset class within their portfolios, as well as for the individual investor who wants exposure to wider sectors and geographical regions than those available, with comparable cost–effectiveness,elsewhere." — Clive Corcoran, Publisher and editor, TradeWithForm.com Author, Long/Short Market Dynamics Pension fund manager and commentator on CNBC′s European Closing Bell "Deron Wagner has written an excellent book, backed up by solid research and informative examples. This is one of the most illuminating works on exchange–traded funds written in recent years. His incisive commentary on position sizing alone is worth the cost of the book." — Alan Farley , Publisher and editor, HardRightEdge.com Author, The Master Swing Trader "Deron Wagner has written a terrific book on ETFs based on his extensive experience as a trader. He provides numerous insights and examples of his successful trading style. This is truly a must–read book for anyone who trades or is thinking of trading this fascinating investment product." — Michael Sincere , Author, Understanding Options and Understanding Stocks "Having traded the ETF markets since their infancy, Deron Wagner offers the reader a voice of true experience. In this book, he describes an analysis structure that has withstood the test of time. Investors looking for an edge in the ETF marketplace need look no further!" — Bo Yoder , Trader and risk management consultant Founder, BoYoder.com "With ETFs now available for the broadest market indexes to the most focused of sectors, Deron’s new book on ETFs is a must–read for investors and traders wanting to simplify the choice of which ETFs to trade and how to trade them." — Greg Capra , President and CEO, Pristine.com
From the Back Cover
Total assets held in exchange-traded funds (ETFs) have increased to nearly $500 billion dollars--an extraordinary increase. ETFs combine the potentially high returns of individual stocks with the diversification benefits of mutual funds. In" ""Trading ETFs," trading expert Deron Wagner describes the only ETF-trading strategies that offer traders a greater than fifty-fifty chance of predicting short- and intermediate-term trends. These strategies are based on technical analysis and include his own top-down approach, improving a trader's odds in both up "and" down markets. Wagner introduces the many different types and families of ETFs, including the new sector-specific ETFs that let investors speculate on the direction of particular market sectors, as well as the new bond ETFs, which are excellent vehicles for short-term traders. He also offers details of actual trades he has made, showing exactly how they are done. "Trading ETFs" enables a trader to: determine the direction of the broad market, find sector indexes with the most divergence from the broad market, identify ETF families that show the most relative strength or weakness within the sector, and find the proper timing for entering new ETF trades.
About the Author
Deron Wagner is the founder and head portfolio manager of Morpheus Capital LP, a U.S. hedge fund, and Morpheus Trading Group, a trader education firm that provides daily technical analysis of leading ETFs and stocks. Wagner is coauthor of The Long–Term Day Trader (Career Press, 2000) and The After–Hours Trader (McGraw–Hill, 2000), and he also appears in his popular DVD, Sector Trading Strategies . He teaches his trading methodology to nearly 3,000 Internet subscribers of his free weekly newsletter, The Wagner Weekly , and has a subscription newsletter, The Wagner Daily . He is a frequent guest speaker at various financial seminars around the world and has appeared on CNBC and ABC.
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