Please note: 8.40pm 20th May 2010 - Market Wizard Audio CD bonus finished
First 20 orders received.

Available 21st May 2010

This is my new book and it represents what I hold to be true for all active trading - regardless of the markets, timeframe, security or technique a trader chooses to follow and trade.

I've been involved in the markets since 1983 when I joined Bank America in Sydney as a trainee dealer. Consequently this book represents 27 years of accumulative practical experience you can't buy or make up. What you'll read comes from the school of hard knocks and not Wikipedia.

Now I know I'm biased however I believe if you're an active trader - regardless of the market, timeframe, instrument or technique you choose to trade and regardless of whether or not you are a discretionary, mechanical or discretionary mechanical trader, this book is essential reading.

Although traders can choose to trade different markets over different timeframes with different techniques and instruments, there is one common thread that ties all winning traders together. And that is the universal principles of successful trading.

All consistently profitable traders adhere to them regardless of what, how or why they trade.

To support my view I’ve included interviews with 15 elite traders whom I refer to as the Market Masters. Not two of them trade the same. Fifteen traders all trading differently. Yet all of them embrace the universal principles.

These traders represent a diverse group. Some are the new young hot shots of trading while others are market legends who are trading today just as actively as they were 50 years ago. They’re spread across the globe -  I've included elite traders from the United Kingdom, America, Singapore, Hong Kong, Italy and Australia. All of them have generously agreed to offer the reader one singularly powerful piece of advice to help them towards their trading goals.

Each piece of advice emphasizes an essential element of the universal principles. These universal principles is what unites these elite traders - not their entry technique, not their markets and not their timeframes. They all trade differently, but what they won't deviate from are the universal principles. Without doubt the universal principles are essential knowledge for all traders in all markets.

I believe many traders will love my book for its honesty, insight and breath.

I believe many traders will hate it due to my criticisms of a number of sacred cows that many in the world of technical analysis hold in high (although ignorant) regard.

And I believe many will find it hard to accept as the path to success I describe is both steep and arduous.

However, regardless of what readers think, I feel they will appreciate it's down to earth and honest appraisal of how difficult it is to succeed in trading.

My book is not an attempt to spin the wealth dream that many trading books do. Nor is it a technique or trading tactic book. It's more important then that. It attempts to fully explain the solid foundation stones upon which all long-term successful traders stand and it attempts to unravel the reasons why over 90% of active traders fail.

This is a solid book and one I'm proud to call mine.

I hope you enjoy it.

Brent Penfold
Sydney, Australia