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Rating: 
Summary: Ok reading, but not what it was purporting to be.
Review: This book contains some reasonable and entertaining info for experienced traders on some of the scams the author has come across in his time with the American SEC. However a significant component of the book plugged WiseTRADE which contrary to my expectation in the preamble on this site is not about a trading system per se, but a software program with some algorithm which is probably some sort of weighted price average. Nothing new, nothing sophisticated, and nothing likely to interest traders already familiar with other packages such as Metastock. The green and red light system explained in the book is helpful to traders but all you really see are two lines and not the actual price /volume info although I'm sure it is there somewhere. The inside covers don't give much of a clue as to how much of the book is dedicated to plugging WizeTRADE (even with the "DVD preview of the WizeTrade software included" posted across the top of the cover). Had I known that so much of the book was a user manual for a software program, I would not have bought it. However if you are looking for some eyeopening stuff on investment cons, and want to start trading with an easy to use trading system, then perhaps the book is worth buying. The book is an easy read. It is well written and my own experience suggests what Thompson says about media etc is quite true.
Rating:
Summary: Ok reading, but not what it was purporting to be.
Review: This book contains some reasonable and entertaining info for experienced traders on some of the scams the author has come across in his time with the American SEC. However a significant component of the book plugged WiseTRADE which contrary to my expectation in the preamble on this site is not about a trading system per se, but a software program with some algorithm which is probably some sort of weighted price average. Nothing new, nothing sophisticated, and nothing likely to interest traders already familiar with other packages such as Metastock. The green and red light system explained in the book is helpful to traders but all you really see are two lines and not the actual price /volume info although I'm sure it is there somewhere. The inside covers don't give much of a clue as to how much of the book is dedicated to plugging WizeTRADE (even with the "DVD preview of the WizeTrade software included" posted across the top of the cover). Had I known that so much of the book was a user manual for a software program, I would not have bought it. However if you are looking for some eyeopening stuff on investment cons, and want to start trading with an easy to use trading system, then perhaps the book is worth buying. The book is an easy read. It is well written and my own experience suggests what Thompson says about media etc is quite true.
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