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In this video, Michael Covel, author of the best selling book, Trend Following, interviews Salem Abraham, a trend following trader, whose company Abraham Trading was ranked in Barrons’s Top 100 Hedge Funds for the second straight year in 2010. Abraham grew up in Canadian, Texas, where his family has been involved in the ranching and commodities business for over 100 years. Over 21 years of trading and research makes Salem one of the most experienced traders in the business. Living in a small railroad town in the Texas panhandle, he makes the case that these days you can trade from ANYWHERE!
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Michael W. Covel serves as President of Trend Following (TurtleTrader), a privately owned research firm. In 1996, Covel colaunched TurtleTrader.com. It has attracted millions of visitors.
His first book is Trend Following: How Great Traders Make Millions in Up or Down Markets (FT Press, Apr. 04, Nov. 05, Feb. 07, and Feb. 09). This must-have classic has been translated in German, Japanese, Chinese (Traditional and Simplified), Korean, French, Arabic, Turkish, Portuguese, and Russian.
His second book, The Complete TurtleTrader: The Legend, the Lessons, the Results (Collins, Oct. 07 and Feb. 09), is the only narrative account of trader Richard Dennis and his student traders, the Turtles. It has become the definitive book on the subject and has been translated in German, Japanese, Chinese (Traditional and Simplified), Korean, and Russian.
His first documentary film is Broke: The New American Dream. It explores human behavior and trend following during the 2007-2009 market crash and premiered on The Documentary Channel fall 2009. The film was shot in 13 major cities on three continents. Top traders Larry Hite, Jim Rogers, David Harding, Mark Mobius, and Bill Miller appear. Nobel Prize winners Harry Markowitz and Vernon Smith also appear.