Why don I write a book on patterns in the commodities or Forex markets?
Writing a book, especially the kind I write because of the intensive research required, takes a long time and requires a lot of effort, much of it boring mouse clicking. I wrote my first book, Encyclopedia of Chart Patterns, not for the money but to discover how chart patterns work and to share that information with others. Having been published, it is now a question of motivation. I can use my website to share information, which I do — for free — so why write a book? I don’t have a business to peddle that would benefit from the publicity, and I do not want to be famous, so what remains is money. But how much money can you make writing a finance book? My book editor gave the following guidance (this is for hard cover, non fiction. Paperbacks and the fiction world are different, so keep that in mind). • An unsuccessful book will sell 1,200 copies. • A moderately successful book will sell 5,000 copies. • A successful book will sell 10,000 to 12,000 copies. All of those numbers are net
