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Michael Parness
Home Based Business Opportunities From Around The World Plus Candid Opinions On More Than 250 Different Opportunities.
40 Years Of Business Experience To Help You!

Offline Personality

Michael Parness is the author of "Rule the Freakin' Markets: How to Profit in Any Market, Bull or Bear." or How I Turned $33,000 into $7 Million in Fifteen Months - and Here's How You Can, Too.

Those who can ignore the rather garish cover on this book will find a solid, straightforward guide to making winning trades in even the most bearish of markets. The author, who millions of insomniacs know through his middle-of-the-night infomercials, writes with a highly personal voice that some may find a bit grating, but his rags-to-riches story is compelling and needs to be told.

In a nutshell, Michael Parness went from living on a park bench in Brooklyn to a summa cum laude degree from Hunter College in New York City to founding a successful sports memorabilia company. After making $150,000 in that business, he followed his broker's advice in 1998 and ended up losing virtually his entire nest egg. Since then, he has invested carefully after studying media reports and understanding "market psychology." Now a broker-averse multimillionaire, he shares with readers a number of strategies that have worked for him in both bull and bear markets.

Augmented with exercises that truly help readers determine their own level of risk aversion, this guide shows online traders and, particularly, investment clubs exactly how market psychology drives daily and cyclical market moves. As Parness says, "I'm not mechanical, and I'm not good at figuring out technical stuff like computers or plumbing or chain saws, but I can figure out how things measure up in terms of probability. And probability is what trading is all about."

A few too many ka-chingos and wowsas mar an otherwise informed writing style, but nevertheless the book offers some excellent insight into how the market actually works, and how one can make money using that insight. Those looking for a serious study of economic trends and forecasts may want to look elsewhere, but readers interested in a breezy, anecdotal read about market bubbles and bursts will be entertained and more than likely enlightened.

Michael promotes a course on late night TV called "Trend Trading to Win." that he sells for $224.75. You can sign up for a 30 day look of this course for approximately $29.00. He also promotes a web site and a monthly newsletter for an additional fee.
I personally have bought his course to see what I thought of it. When I have completed it I will write a review on what I think.
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