Professional Finance

‘Compelling, intensely readable, unsettling. An unforgettable story of greed, financial madness and moral decay’ Rory Stewart

‘An incredibly important and timely book, very much of its era. The Wolf of Wall Street with a moral compass’ Irvine Welsh

*An outrageous, white-knuckle journey to the dark heart of an intoxicating world – from someone who survived the trading game and then blew it all wide open*

‘If you were gonna rob a bank, and you saw the vault door there, left open, what would you do? Would you wait around?

Ever since he was a kid, kicking broken footballs on the streets of East London in the shadow of Canary Wharf’s skyscrapers, Gary wanted something better. Something a whole lot bigger.

Then he won a competition run by a bank: ‘The Trading Game’. The prize: a golden ticket to a new life, as the youngest trader in the whole city. A place where you could make more money than you’d ever imagined. Where your colleagues are dysfunctional maths geniuses, overfed public schoolboys and borderline psychopaths, yet they start to feel like family. Where soon you’re the bank’s most profitable trader, dealing in nearly a trillion dollars. A day. Where you dream of numbers in your sleep – and then stop sleeping at all.

But what happens when winning starts to feel like losing? When the easiest way to make money is to bet on millions becoming poorer and poorer – and, as the economy starts slipping off a precipice, your own sanity starts slipping with it? You want to stop, but you can’t. Because nobody ever leaves.

Would you stick, or quit? Even if it meant risking everything?

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Beginning with the very basics of technical analysis and market price behaviour, this book teaches you how to apply these concepts and principles to your own trading.

With this comprehensive and straight talking guide you will soon be using the same successful techniques and formulas as the professionals.

Learn how to:

• Understand those trading systems that will generate high returns

• Identify price patterns and trends

• Use the right technical indicators to get the best out of the markets

• Write and execute a trading plan that increases your chances of beating the market

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The face of investing has significantly changed in the 30 years since this book’s first publication, but one essential component of the markets has not–human behavior. Whether you’re trading cornerstone commodities or innovative investment products, observing how investors responded to past events through technical analysis is your key to forecasting when to buy and sell in the future. This fully updated fifth edition shows you how to maximize your profits in today’s complex markets by tailoring your application of this powerful tool.

Tens of thousands of individual and professional investors have used the guidance in this book to grow their wealth by understanding, interpreting, and forecasting significant moves in both individual stocks and entire markets. This new edition streamlines its time-honored, profit-driven approach, while updating every chapter with new examples, tables, charts, and comments that reflect the real-world situations you encounter in everyday trading. Required reading among many professionals, this authoritative resource now features:

• Brand-new chapters that analyze and explain secular trends with unique technical indicators that measure investor confidence, as well as an introduction to Pring’s new Special K indicator
• Expanded coverage on the profit-making opportunities ETFs create in international markets, sectors, and commodities
• Practical advice for avoiding false, contratrend signals that may arise in short-term time spans
• Additional material on price patterns, candlestick charts, relative strength, momentum, sentiment indicators, and global stock markets

Properly reading and balancing the variety of indicators used in technical analysis is an art, and no other book better illustrates the repeatable steps you need to take to master it.

When used with patience and discipline, Technical Analysis Explained, Fifth Edition, will make you a better decision maker and increase your chances of greater profits.

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The hands-on STUDY GUIDE to Martin Pring’s TECHNICAL ANALYSIS classic

Technical Analysis Explained is the definitive guide for mastering technical analysis. In this hands-on companion, technical analysis wizard Martin Pring serves as your personal investing coach, taking you step-by-step through his long-proven methods.

Packed with hundreds of questions that correspond to chapters and sections throughout the book, Study Guide for Technical Analysis Explained, Fifth Edition, features:

• Charts and graphs to help you visually digest the concepts presented
• Full text answers to guarantee your complete understanding of each important idea
• Fill-in-the-blank, multiple-choice, and matching question formats
• The straightforward, no-nonsense style that made Technical Analysis Explained a classic

Technical analysis mastery isn’t easy, but its financial rewards make it indispensable. Use Study Guide for Technical Analysis Explained to reach the next level of technical analysis education and ensure that you start every trading day with the skills you need to come out on top.

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Loaded with the most asked questions on sell-side and buy-side industries, it provides easy-to-understand, structured answers. It allows undergraduates, MBA students, career switchers, instructors, or professionals to extract necessary information easily.

Investment Banking 101: 500+ Technical Questions Answered contains over 500+ questions and answers, including multiple real-world case studies that enable you to truly master and refine the core skills of the successful investment professional.

Feedback:
“Advice can play a decisive role in personal development. The most important thing is who you get this advice from. Kevin Romanteau immediately recognized what was important for me to take the next step after the first few minutes of our conversation because he has been in my shoes himself and has the experience and expertise to do so. Specifically, his LBO training helped me to prepare for upcoming interview processes. The technical questions in his books are much more practical and go deeper than other common interview guides. Questions prepared by someone who has conducted several interviews with prospective interns. Absolutely recommended!“ Aris, M&A Intern – Goethe University

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57th edition of the gold standard in US stock market trend, patterns, and cycles

In Stock Trader’s Almanac 2024, veteran trader and market strategist Jeffrey Hirsch delivers the latest edition of the most trusted source used by traders around the world to make sense of the complexities of the US stock market. You’ll master key cycles and trends, including the “January Barometer,” the “Santa Claus Rally,” the “Best Six Months,” and the four-year “Presidential Election Cycle” as you learn to trade and invest with confidence.

You’ll explore strategies for getting a handle on increased market volatility, identifying past periods of exceptional price movement in the market, as well as streaks of positive and negative performance likely to repeat themselves. You’ll also find:

• Month-by-month strategies that deliver reliably outsized market returns based on cyclical trends
• Key explanations and descriptions of seasonal and annual cycles that consistently repeat themselves, year after year
• Strategies and techniques that promise―and deliver―a sizeable impact on your investing bottom-line

For 57 years, the Almanac has offered savvy investors the freshest data and most insightful advice. Stock Trader’s Almanac 2024 is the comprehensive roadmap to investing eagerly anticipated by day traders, long-term investors, and portfolio managers alike.

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The derivative practitioner’s expert guide to IFRS 9 application

Accounting for Derivatives explains the likely accounting implications of a proposed transaction on derivatives strategy, in alignment with the IFRS 9 standards. Written by a Big Four advisor, this book shares the author’s insights from working with companies to minimise the earnings volatility impact of hedging with derivatives. This second edition includes new chapters on hedging inflation risk and stock options, with new cases on special hedging situations including hedging components of commodity risk. This new edition also covers the accounting treatment of special derivatives situations, such as raising financing through commodity-linked loans, derivatives on own shares and convertible bonds. Cases are used extensively throughout the book, simulating a specific hedging strategy from its inception to maturity following a common pattern. Coverage includes instruments such as forwards, swaps, cross-currency swaps, and combinations of standard options, plus more complex derivatives like knock-in forwards, KIKO forwards, range accruals, and swaps in arrears.

Under IFRS, derivatives that do not qualify for hedge accounting may significantly increase earnings volatility. Compliant application of hedge accounting requires expertise across both the standards and markets, with an appropriate balance between derivatives expertise and accounting knowledge. This book helps bridge the divide, providing comprehensive IFRS coverage from a practical perspective.

• Become familiar with the most common hedging instruments from an IFRS 9 perspective
• Examine FX risk and hedging of dividends, earnings, and net assets of foreign subsidies
• Learn new standards surrounding the hedge of commodities, equity, inflation, and foreign and domestic liabilities
• Challenge the qualification for hedge accounting as the ultimate objective

IFRS 9 is set to replace IAS 39, and many practitioners will need to adjust their accounting policies and hedging strategies to conform to the new standard. Accounting for Derivatives is the only book to cover IFRS 9 specifically for the derivatives practitioner, with expert guidance and practical advice.

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