YOUR LETTERS

Address your correspondence to:

Editor
Working Money
4757 California Ave. SW
Seattle WA 98116-4499

0r send E-mail to the attention of Working Money Editor at editor@traders.com, or fax us at 206 938-1307. All letters become the property of Technical Analysis, Inc. Letter-writers must include their full name and address for verification. Letters may be edited for length or clarity. The opinions expressed in this column do not necessarily represent those of the magazine.

Working Money magazine shows people with discretionary funds how to invest. Working Money is published by Technical Analysis, Inc., publishers of Technical Analysis of STOCKS & COMMODITIES, The Traders' Magazine, the premier magazine for technical analysis of the markets. With 18 years' experience presenting ideas, techniques, and tips for traders, we are now putting that expertise to work publishing a magazine on investing that everyone can use.

Working Money covers topics such as strategies for investing, analyzing the markets, financial planning, money management, mutual fund investing, and saving. We also provide practical information in the way of monthly book and product reviews, Website reviews, market commentary, mutual fund profiles, and a glossary of terms. Finally, we bring you feature stories on ways you can reward yourself for your efforts toward investing and saving your hard-earned money.

The editors of Working Money look forward to hearing from you!

Editor's note: The following letters are reproduced from Technical Analysis of STOCKS & COMMODITIES, The Traders' Magazine.

CANDLESTICK CHARTING

Editor,

I'm an account executive with the Orion Futures Group in Tampa, FL, and we have a handful of clients who enjoy trading. I was wondering if you already have an article or would publish an article about candlestick trading. It's difficult to find learning materials on the symbols. If you offer something that defines candlesticks, I would appreciate it. I recommend that traders subscribe to your periodical because of the depth with which you study and analyze markets. Great job!

Eric Crenshaw, via E-mail

See page 41 of this issue for an article on charting basics. It includes an explanation of the candlestick method for charting stocks.

Books on candlestick charting we'd recommend include Japanese Candlestick Charting Techniques (New York Institute of Finance, 1991) and Beyond Candlesticks (John Wiley, 1994), both by Steve Nison.-- Editor

LEARNING TO TRADE

Editor,

I am interested in learning more about what traders do, how they make money, and becoming a home trader at some point. Do you have any suggestions for beginner reading material that would explain the basics? How about something that would enable me take part in some active trading?

Jason W. Jones, via E-mail

Here is a list of classic reading material on using technical analysis to trade the stock market:

Colby, R.W., and T.A. Meyers [1988]. The Encyclopedia Of Technical Market Indicators, Dow Jones-Irwin.

Edwards, Robert D., and John Magee [1997]. Technical Analysis Of Stock Trends, 7th ed., Amacom.

Fosback, Norman G. [1985]. Stock Market Logic, The Institute for Econometric Research.

Graham, Benjamin, and David Dodd (originally); Sidney Cottle et al. (5th ed.) [1988]. Graham & Dodd's Security Analysis, 5th edition, McGraw-Hill.

Murphy, John J. [1997]. The Visual Investor, John Wiley & Sons.

O'Neil, William J. [1988]. How To Make Money In Stocks, McGraw-Hill.

Pring, Martin J. [1985]. Technical Analysis Explained, McGraw-Hill.
____ [1992]. The All-Season Investor, John Wiley & Sons.

Rhea, Robert [1934]. The Story Of The Averages, Rhea, Greiner & Co.
_____ [1962]. The Dow Theory, Rhea, Greiner & Co.

Sperandeo, Victor [1991]. Trader Vic: Methods Of A Wall Street Master, John Wiley & Sons.

To learn more about daytrading, try:

Nassar, David [1999]. How To Get Started In Electronic Day Trading.

For getting started with trading, you may wish to paper-trade or practice with a simulation program first while you work out a trading plan.-- Editor