Product Description An exchange-traded fund (ETF) is a basket of stocks that trades on an exchange with the same simplicity and liquidity of an individual stock. In this book, money manager Deron Wagner introduces the major types and families of ETFs and then provides step-by-step guidance to picking and trading funds. Unlike other books on ETFs, Wagner's strategies are based on technical analysis, a method of timing the market that greatly improves an investor's chances of predicting short and intermediate term ETF trends. Wagner's comprehensive catalog of the ETFs now available, his insights into successful trading techniques, and his solid research and informative examples, will be an invaluable resource for everyone trying to come up to speed on this new investment opportunity.
Decent, not spectacular December 22, 2008 1 out of 1 found this review helpful
Pros - good information on ETF's - a trading strategy backed up by explanations and examples - charts with winning and losing trades
Cons - not very well laid out, important information is concealed within the body of the book, I would have liked a more clear and concise approach. - lacked some explanations of the basic principles; - the chart examples are not always easy to follow.
All in all this book could have been much better simply with better layout and better formatted illustations. I think I will need to re-read it with a highlighter pen and some post-its
The content is good and the cons should not preclude you from buying the book if you are interested in trading ETFs be it on a day, swing or position basis.
suspicious reviews November 27, 2008 3 out of 5 found this review helpful
it looks very unusual that all the 5 star reviews are first timers to review. i have to agree with the last gentelman that there's something rotten in the kingdom of denmark
Why do all these 5-star reviews read like ad copy? November 22, 2008 4 out of 7 found this review helpful
Were they all written by the same person? Vote with your feet when the reviews are bogus.
A Simple, Logical & Highly Tradeable System October 30, 2008 2 out of 2 found this review helpful
Deron Wagner,in Trading ETFs, has presented a very simple, logical and, I think, successful approach to trading ETFs. In a very readable and understandable style and utilizing numerous chart examples, Mr. Wagner describes how he goes about finding the highest probability trades, how he determines the optimum entry point, how he manages open positions, and how he exits positions be they big winners, breakevens, or losers.
He describes his approach as being a "top down strategy". His first step is to determine the direction of the broad market trend; then, once the trend is determined, he finds those indexes that have the most relative strength or weakness compared to the major indexes; then he selects the strongest ETFs within those indexes (or weakest if going short); then he looks at volume for confirmation; and finally he uses one or more of several techniques to properly time the new entry into the selected ETF.
The one thing that I liked most about Mr. Wagner's book was his use of clean and simple charts. He uses almost exclusively only two and sometimes three moving averages, draws simple trendlines and areas of support and resistance, and shows volume levels and averages. He does not "goop' his charts up with additonal indicators such as MACD-Histograms, slow stochastics, and RSI. While these indicators are certainly very useful to many traders, Wagner's plain, simple approach of looking only at price action and volume confirmation has a lot to be said for it.
Risk management and position sizing are touched upon only briefly but adequately and his comments about using trailing stops are most enlightening.
The two chapters describing case studies of 10 ETF's bought long and 10 ETFs sold short are most useful in illustrating the use of Mr. Wagner's various setups.
I have read Trading ETFs only once now but I am already looking forward to going through it again a second and third time. It is the type of book that you can only absorb only so much the first time around but pick even more pearls of wisdom on subsequent readings.
Needless to say, I recommend Mr. Wagner's newest book highly.
Great ETF Education and Trading Ideas October 17, 2008 1 out of 2 found this review helpful
This is a great book to learn about ETFs and how to trade them. Deron Wagoner shares his knowledge and outlines a concise methodology for trading. Definitely a reference book you will continue to profit from.
