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7 Winning Strategies For Trading Forex: Real and actionable techniques for profiting from the currency markets

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7 Winning Strategies For Trading Forex: Real and actionable techniques for profiting from the currency markets

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    Available in PDF Format | 7 Winning Strategies For Trading Forex: Real and actionable techniques for profiting from the currency markets.pdf | English
    Grace Cheng(Author)
Many traders go around searching for that one perfect trading strategy that works all the time in the global FOREX (foreign exchange/currency) market. Frequently, they will complain that a strategy doesn't work. Few people understand that successful trading of the FOREX market entails the application of the right strategy for the right market condition.7 Winning Strategies For Trading Forex covers:- Why people should be paying attention to the FOREX market, which is the world's largest and most liquid financial market - How understanding the structure of this market can be beneficial to the independent trader - How to overcome the odds and become a successful trader - How you can select high-probability trades with good entries and exits.Grace Cheng highlights seven trading strategies, each of which is to be applied in a unique way and is designed for differing market conditions. She shows how traders can use the various market conditions to their advantage by tailoring the strategy to suit each one.This revealing book also sheds light on how the FOREX market works, how you can incorporate sentiment analysis into your trading, and how trading in the direction of institutional activity can give you a competitive edge in the trading arena.This invaluable book is ideal for new and current traders wanting to improve their trading performance.Filled with practical advice, this book is a must-read for traders who want to know exactly how they can make money in the FOREX market.

Grace Cheng is an investor and FOREX trader, and is the co-founder and chief editor of DailyMarkets.com - a financial community weblog dedicated to 24/7 breaking news and market opinions from traders, money managers and investors. Inspired by veteran investor Jim Rogers' adventurous spirit of traveling around the world, in 2007 and 2008, she fulfilled her dream of travelling around the globe from the US, South America, Europe to Africa to Asia for a year, without missing a day of work, proving that in this day and age, one can achieve financial independence without being tied to an office chair. Grace is a contributor to major print, radio and television media including Technical Analysis of Stocks & Commodities, Your Trading Edge and Investopedia. She has also been featured in the media in the US, UK and Asia and quoted on Reuters and Dow Jones. Her popular online PowerFX Course has taught thousands of traders worldwide. Visit: www.DailyMarkets.com

3.2 (7673)
  • Pdf

*An electronic version of a printed book that can be read on a computer or handheld device designed specifically for this purpose.

Formats for this Ebook

PDF
Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch.
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes

Book details

  • PDF | 256 pages
  • Grace Cheng(Author)
  • Harriman House Ltd; Reprint edition (28 Mar. 2011)
  • English
  • 10
  • Business, Finance & Law
Read online or download a free book: 7 Winning Strategies For Trading Forex: Real and actionable techniques for profiting from the currency markets

Review Text

  • By A. El Sherif on 21 July 2008

    About a third or more of this book explains how the forex market works and not how to trade the forex market. The author talks about pip gain and simple calcualtions. She also explains simple things like long/short orders. It goes on from interbank market to currency volatility and liquidity. Breif discussion of money managment. A lot of empty pages. The author explains how she had to cancell lunch because of a trade. The book goes on about self discipline and emotions, which is very important but only if you are a new trader. I think this book really lacks material.I mean if you are a new trader then this book is a must. However, if you are already trading and looking to improve your skills and gain more insight into technical analysis tools; then this is not for you. Even the strategies are quite simple.It has the following strategies:Breakout fading - Using resistance and support levelsBreakout trading - Using bollinger and triangle formations.News Trading Strategy - No commentCarry trade - Trading in favour of Intrest rate return.There is a very breif explanation of MACD, RSI and Stochastics.This is not a book that will teach you a new and different trading style. It will rather introduce you to the concept of a trading strategy and pave the way for further reading. All you need is a very basic knowledge to understand eveything that she is talking about. You just need to know about candlesticks before reading this book.

  • By Peter Dolinaj on 9 August 2008

    This is very general book with several general strategies how to trade, but definitely not enough to be a good trader. I can recommend another one "Forex Patterns and Probabilities" which is way better.

  • By Syd on 4 December 2007

    Well, if you a new trader like me, has no or very little idea about market, technical and fundamental analysis then this book has some really good learning techniques. The good thing I like about this book is that it is to the point, and only has 7 techniques, using simple yet powerful technical analysis tools ...I have read many other books and highly recommend buying currieries for dummies - a must book that every new trader should have.I would say that you must read it before getting into LIVE trading.

  • By D. R. Houston on 17 February 2009

    If you are new to froex you must read this book, it will save you money. It's not so much about the tools, candlestick charts and indicators you can use, but more about how to actually trade. I have bought a lot of books from swing trading to chart pattern encyclopaedia, this is by far the most useful.If you looking for a system you can apply like a robot don't bother.If you want to gain knowledge to apply to a system buy it.

  • By knight247 on 7 May 2014

    Two of these seven worked for me, but as trading is such a subjective and personal activity my suggestion would be try them all and see what you are comfortable with.

  • By Delores on 30 December 2013

    Good book giving ideas about strategies available for trading. Helpful if you are at the stage where you want to make that kind of decision.

  • By Giuseppe on 11 November 2010

    this book is too generic and doesn't explain in enough detail how to execute the strtegies. some o the general stuff and intro is ok

  • By Dr. Pedro L. Moran-Raschio on 14 July 2008

    This is another star in my bookshelf, I am practicing with success some of the strategies reccomended, this is quite important book in my view to do trading and forex in particular. It is simple but effective this is the key description of this book for me. This book has survive the test of the trading and still in my bookshelf. You can buy a 700 pages book in strategies and you can finish more confused than before you started.

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