Trading Systems and Methods 6th Edition

With recent advances in institutional trading strategies most notably high-frequency trading and artificial intelligence generating rewards against high-tech competition has seemed next to impossible. In this updated Sixth Edition of the bestselling classic Trading Systems and Methods 6th Edition, market guru Perry Kaufman provides investors with tools they can use to make large gains, even in today’s complex markets.

For nearly three decades, Trading Systems and Methods 6th Edition has provided investors with basic knowledge (starting with an introduction to technical analysis, statistics, and market charting) and detailed strategies (from behavioral techniques to advanced approaches like neural networks) enabling them to identify big-picture trends and capture extreme price moves. Unlike many books on market trading, Trading Systems and Methods 6th Edition takes the approach that, applied the right way, many systems can be successful under different market conditions. It shows you how to identify and evaluate those conditions, and how to apply the strategies. Tools available on the Companion Website allow for valuable hands-on experimentation, so you can enter the market with a sound plan.

Today’s traders need the confidence to take on risk more than they ever have, thanks to current market conditions and technological advances. A basic understanding of risk management and volatility stabilization must now be replaced by more advanced knowledge. Kaufman recognizes risk acceptance as one of the most important aspects of any trading system, and this Sixth Edition is accordingly more focused on risk profiling and complex risk modeling, than its predecessors. To make way for this new emphasis, Kaufman has also completely revised the text to be better organized and shares more concise, with to-the-point trading explanations. Busy professionals and international traders will especially appreciate this new text.

As the competition for trading profits gets tougher, traders need to look for more innovative solutions. This book teaches you not just how to apply various equity and futures investing methods, but how to pick and choose elements from among them to develop a unique strategy that suits your needs. Use the tools in this book to carve out your own niche in the market, and you’ll trade smarter and reap greater rewards.

“If I could only have one book on the markets in my library, this would be it. Perry Kaufman is at the top of my pedestal for his innovative research and market expertise. This new edition is one of the most relevant works out there.”
Linda Raschke, President of LBRGroup, Author of Trading Sardines: Lessons in the Markets by a Lifelong Trader

“It has been more than 30 years since we first discovered the 1st edition. Since then, our readers have enjoying and benefited from each new edition and are always impressed with easy-to-understand explanation of the important and universal contents about trading systems. We strongly recommend this book for our members and Japanese investors.”
Kakuya Kojoh, Chairman & Akihiro Niimi, Vice Chairman, The Nippon Technical Analysts Association

“Perry has done it again! This Sixth Edition has been thoroughly updated to make it the most comprehensive resource covering technical analysis available anywhere. It should be on the bookshelf of every trader, from beginner to professional.”
John F. Ehlers, President, MESA Software

“Perry’s book is key in helping to answer the age old question of when to buy and when to sell. A must read for anyone who invests.”
Michael Pallitto, Financial Advisor

THE BESTSELLNG GUIDE TO TRADING

As markets inevitably evolve, so must the strategies and tools used to trade them. No one understands this more than Perry Kaufman one of today’s most respected market experts. For more than 30 years, traders have turned to Kaufman’s classic Trading Systems and Methods 6th Edition for complete information about the latest, most successful indicators, programs, algorithms, and systems.

Now, in this revised Sixth Edition, Kaufman thoroughly updates his bestselling guide adding new systems, new techniques, and many international examples and shows you the best ways to trade today’s futures and equities markets. The companion website, which contains TradeStation programs, Metastock programs, and Excel spreadsheets, allow you to test both the systems presented in the book and your own variation of these trading strategies. With everything from basic information on statistical analysis to advanced guidance on implementing algorithms and other tech trading solutions, this is an excellent, comprehensive resource for current and aspiring market professionals.