Attacking Currency Trends: How to Anticipate and Trade Big Moves in the Forex Market
In Attacking Currency Trends, expert Greg Michalowski clearly explains the attributes of successful traders, and shows how traders can set themselves up for success by drafting an explicit mission statement and game plan.
The book also contains the tools and techniques traders need to read the markets and identify when a market is in a trend. Michalowski shows traders how to enter an emerging trend, how to manage the position, and how to exit the position most effectively.
Author’s Introduction:
This book will look to address this fault in your trading and will outline how you can better anticipate and attack the trend in currencies. I will look to move via a step-by-step approach. I want the book to be easy to read—to progress in a logical manner. I want you to say, “That makes sense” and “That does too.” I want you to say, “I have experienced that fear.”
I want you to learn and trust me like I trust my golf instructor, not because I am the best trader in the world (who is?), but because I have the right combination of trading experience, of experience watching retail traders, of the nuances of the currency market that can help swing the trading results in your favor.
The journey will start in Part I: The Foundation for Success. It is my firm belief that retail currency traders ignore this part altogether, and in the end, it leads to their failure. Be warned.
Part I will start with a look at the characteristics of the retail currency trader and then outline the attributes of successful currency traders. In Part II of the book, Tools and Strategies, I will transition into the technical tools that I use to anticipate and trade the trends.
Contents:
- Stereotyping the Retail Currency Trader
- The Six Attributes of a Successful Currency Trader
- The Mission Statement
- What’s Your Game Plan?
- Rules for Attacking the Trend
- The Trader’s Toolbox
- Moving Averages
- Trend Lines and Remembered Lines
- Fibonacci Retracements: The Hybrid Tool
- Preparing for the Trade
- Executing the Game Plan