The Markets Never Sleep: Global Insights for More Consistent Trading - Hardcover

by Thomas L. Busby (Author), Patsy Busby Dow (With)

Praise for The Markets Never Sleep

"An excellent primer for futures and the global financial market, a clear voice of their importance for all traders. Tom also gives an easy-to-understand professional approach to discipline, money management, and the 'numbers' to watch that indicate market direction. Help for all traders to earn bigger, more consistent profits."
--Ned W. Bennett, CEO, optionsXpress, Inc.

"Well . . . they've done it again! Tom and Patsy have written another insightful and entertaining book on understanding and trading the world's markets. The Markets Never Sleep shows how to analyze all the global markets and use timing and money management to control losses and reap significant rewards without using up all of one's emotional energy. In other words, everything needed to make trading fun and profitable!"
--Russ Mothershed, former corporate executive and current DTI student

"Trading follows the sun, as Busby points out, and with a click of one's mouse, traders today have the full advantage of global trading. Busby makes a compelling case for opportunistic trading. In an easy-to-follow outline, he shares trading strategies to ensure a high probability of profit. The Markets Never Sleep is a must-read for traders and investors who seek insight navigating the global markets."
--Chuck Dukas, President, TRENDadvisor.com

Front Jacket

The world's financial markets operate twenty-four hours a day. During virtually every hour of the day and night, someone, somewhere is trading--yet many U.S. traders seem oblivious to that reality, focusing only on the day markets in Chicago and New York.

Beginning the trading day with the opening bell of the NYSE, says veteran trader Thomas Busby, is like showing up for your eight-to-five job around two in the afternoon--you are very late. As he explains, trading is a twenty-four-hour game and those who understand that fact will be in a better position to limit risk, increase their trading opportunities, stay on the right side of the action, and be more consistent and profitable. In The Markets Never Sleep, Busby reveals how you can use modern technology to take full advantage of the twenty-four-hour nature of the markets. He lays out the basics of how global markets work and explains the significance of understanding global connections and why traders need to know them, showing how to think globally and stay alert to any major geopolitical or economic event.

Offering an insider's view of the professional trader's work day, the author reveals his own trading strategies, outlining the criteria he uses for trading equities and describing the process he uses for buying and selling stocks, as well as his techniques for trading equity index futures contracts. And since, as he shows, it is impossible to be consistently profitable without understanding and using the market's key numbers, Busby explains how to read the major statistical indicators, as well as illustrates the significance of fuel prices, precious metals, futures indices, and other market indicators. Going beyond the numbers, Busby also helps you deal with the enormous role that psychological factors play in trading, offering strategies for handling the greed/fear dilemma, techniques for staying mentally positive, and advice on how to avoid obsessing over trading and maintain your normal lifestyle.

Whether you're an experienced or novice trader interested in short-term or long-term trading, The Markets Never Sleep will provide a clear and profitable path through the financial maze of the global marketplace.

Back Jacket

Praise for The Markets Never Sleep

"An excellent primer for futures and the global financial market, a clear voice of their importance for all traders. Tom also gives an easy-to-understand professional approach to discipline, money management, and the 'numbers' to watch that indicate market direction. Help for all traders to earn bigger, more consistent profits."
--Ned W. Bennett, CEO, optionsXpress, Inc.

"Well . . . they've done it again! Tom and Patsy have written another insightful and entertaining book on understanding and trading the world's markets. The Markets Never Sleep shows how to analyze all the global markets and use timing and money management to control losses and reap significant rewards without using up all of one's emotional energy. In other words, everything needed to make trading fun and profitable!"
--Russ Mothershed, former corporate executive and current DTI student

"Trading follows the sun, as Busby points out, and with a click of one's mouse, traders today have the full advantage of global trading. Busby makes a compelling case for opportunistic trading. In an easy-to-follow outline, he shares trading strategies to ensure a high probability of profit. The Markets Never Sleep is a must-read for traders and investors who seek insight navigating the global markets."
--Chuck Dukas, President, TRENDadvisor.com

Author Biography

Thomas L. Busby has been a professional trader and broker for twenty-five years, working with Merrill Lynch and Smith Barney. He is a member of both the Chicago Mercantile Exchange and the Chicago Board of Trade. Since Busby founded the Day Trading Institute in 1996, it has grown into one of the most successful trading schools in the world. After enormous success early in his career, Busby lost almost everything in the 1987 stock market crash. Following that experience, he developed a low-risk, short-term trading method that consistently generates profits and is the basis of the Day Trading Institute curriculum. Busby is also the author of Winning the Day Trading Game (Wiley).

Patsy Busby Dow is an attorney, trader, and former educator. She is currently employed by the Day Trading Institute as a staff writer.