>Michael W. Covel
Trend Following
Praise for Trend Following
“The way I see it, you have two choices – you can do what I did and work for 30‐plus years, cobbling together scraps of information, seeking to create a money‐making strategy, or you can spend a few days reading Covel’s Trend Following and skip that three‐decade learning curve.”
“Michael Covel’s Trend Following: Essential.”
“Trend Following by Michael Covel? I’m long this book.”
[Trend Following] did a superb job of covering the philosophy and thinking behind trend following (basically, why it works). You might call it the Market Wizards of Trend Following.”
“[Trend Following] documents a great deal of what has made trend following managers a successful part of the money management landscape (how they manage risk and investment psychology). It serves as a strong educational justification on why investors should consider using trend following managers as a part of an overall portfolio strategy.”
“I am very pleased to see Michael Covel’s updated version of Trend Following; one of my favorite trading books out of the hundreds that I have read. He has doubled the size of this edition and expounded on the process used by legendary trend following traders. The traders in this book made millions by getting on the right side of trends and managing risk in diversified markets. This book should be studied by any serious trader or investor.”
“Trend Following: Definitely required reading for the aspiring trader.”
“A mandatory reference for anyone serious about alternative investments.”
“Michael Covel does an excellent job of educating his readers about the little‐known opportunities available to them through one of the proven best hedge fund strategies. This book is like gold to any smart investor.”
“Covel has created a very rare thing – a well‐documented and thoroughly researched book on trend following that is also well written and easy to read. This is one book that traders at all levels will find of real value.”
“I think that Michael’s Trend Following is an outstanding read from which all investors can learn to trade markets better by limiting their risks and maximizing their profits through a more disciplined approach to investments.”
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Cover design: Wiley
Copyright © 2017 by Michael W. Covel. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
The fourth edition of Trend Following was published by FT Press in 2009.
Published simultaneously in Canada.
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Library of Congress Cataloging‐in‐Publication Data:
Names: Covel, Michael W., author.
Title: Trend following: how to make a fortune in bull, bear and black swan markets / Michael W. Covel.
Description: Fifth edition. | Hoboken: Wiley, 2017. | Series: Wiley trading | Revised edition of the author’s Trend following. | Includes bibliographical references and index.
Identifiers: LCCN 2016056666 (print) | LCCN 2016057575 (ebook) | ISBN 9781119371878 (hardback) | ISBN
