Book 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.
By the end of 2007, 546 ETFs were trading on U. S. exchanges and some
450 were in registration. The total asset growth of ETFs has been
equally impressive, doubling every year since 1994 and reaching . 8
billion in 2007.
In Trading ETFs: Gaining an Edge with Technical Analysis money
manager Deron Wagner introduces the major types and families of ETFs
and then provides step-by-step guidance to picking and trading funds.
Benefits of ETFs include:
- Exposure to equities at a lower level of risk than trading
individual stocks
- Lower fees
- Access to markets that were previously difficult and expensive
to participate in, including: Government Treasury bonds,
international markets, commodities and even currencies.
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.
Benefits of Wagner's approach include:
- A 'top down' trading strategy that increases an investor's odds
of success
- A method for identifying the strongest sector indexes
- A method for identifying the ETF families with the greatest
relative strength
ETFs are as easy to invest in as mutual funds and they will soon be
as popular. 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.
Gold Medal Winner (tie), Investing Category, Axiom Business Book
Awards (2009)
Deron Wagner is the founder and head portfolio
manager of Morpheus Capital LP, a U. S. hedge fund, and Morpheus
Trading Group, a trader education firm that provides daily technical
analysis of leading ETFs and stocks. Wagner is coauthor of The
Long-Term Day Trader (Career Press, 2000) and The
After-Hours Trader (McGraw-Hill, 2000), and he also appears
in his popular DVD, Sector Trading Strategies. He teaches his
trading methodology to nearly 3,000 Internet subscribers of his free
weekly newsletter, The Wagner Weekly, and has a subscription
newsletter, The Wagner Daily. He is a frequent guest speaker
at various financial seminars around the world and has appeared on
CNBC and ABC.
