Book Review: The Trading Method That Can Make You Rich - by Roy Kelly

Priced at $195, used copies almost unheard of, this book with its almost ‘cult-like’ following has intrigued me for years. I finally decided to buy “The Trading Method That Can Make You Rich” and see what the fuss is all about. 

I received in the mail one of the first copies of the second edition, hot off the press. It’s a large sized, hardback book with about 230 pages. The pages are well laid out with lots of visuals, making it easy on the eye.

As I began reading, I started to feel a breath of fresh air. I don’t know about you, but I often find trading books are either hollow waffle, or so damn complicated that they give me a head ache. This book was quite frankly a relief.

The book reads as though its sensible and real. Its simple without being simplistic, yet has the weight of 30 years of proven technique. You just have to open a chart on your computer to see that the method is immediately applicable.

The first third of the book is background information for understanding the method - different market theories, and chapters explaining cycles.

The real meat begins on page 91 with two chapters devoted to teaching the theory of the method - one chapter for long entries and one for short. Later there are 60 pages dedicated to real-world trades using the method. You get to follow Roy Kelly’s thought process as the trade sets up, then follow it through to completion. By the end of this section its hard not to be excited about loading up the charts and starting to trade.

So having read the book, is it worth $195? Well here’s the answer from two different perspectives. Firstly in comparison to its competition. How many books or courses have we traders bought over the years from $20-$30 promising a trading method that ended up being absolutely useless. I know that in my early years I almost single handedly supported Amazon.com’s share price with the amount of books I purchased! So yes this is a bold book - to price itself at $195 - but the fact is that the method works! What’s better, 10 books at $30 that you turned around and sold again because they were rubbish or one book that lives up to its promise?

From another perspective, if you study this method carefully, practice it, and get the hang of it in the live market - you’ll make back the $195 with your first trade with change to spare, so from that perspective its a bargain.

The most interesting measure of this book for me, is that its very hard to find a used copy. The people that have purchased it and are trading the method don’t want you to find out about it!