Review: Superb!
Rating: 5 out of 5
Date: 05 16, 2014
Wealth of information in this book about Market Making. So what is Market Making...."a broker deal firm that accepts the risk of holding certain shares of a particular security in order to facilitate trading in that security"....sounds confusing right? Yes I agree, however Michael Young does a great job breaking down Market Making to ease some of that confusion! The 3 keys to a successful Market Making is highlighted early on in the book, to give the reader a heads up of what is required to be successful. Risk Management, Technology and Trading Strategies are those 3 key factors. Market strategies are discussed; in which Range Trading, Swing Trading, Position Trading, are the strategies detailed in this book that have proved to be beneficial in Market Making. Young has a clever way of ending this book; by providing the information on "How to Get Started", with some final remarks on how to be successful and how to use all tools available to you. Overall this was a positive read, its grabs your attention in the beginning with providing key success factors, leading up to...now this is how you get started. I recommend this book for all traders interested in Market Making.