Beat the Odds in Forex Trading

$14.68

  • Format: PDF
  • Pages: 224
  • Published Date: 2006
Category:

Description

Beat the Odds in Forex Trading: How to Identify and Profit from High Percentage Market Patterns

In Beat the Odds in Forex Trading, professional Igor Toshchakov shows how recurring market patterns–which can be recognized on a simple bar chart–can be successfully used to trade the Forex market. Written for traders at every level, this valuable resource discusses the challenges of developing a trading method, while revealing the Toshchakov’s approach to the market–both from a philosophical and tactical point of view.

Author’s Introduction:

I would like to start the introduction to this book by mentioning that my own experience as a FOREX speculative trader, and the experience of my respected colleagues whom I have met personally or through publications, has shown that the problems all individual traders have to deal with are virtually the same. However, the number of solutions to the problems is almost the same as the number of traders themselves.

Over time, practical results can range from complete triumph to complete desperation. For each participant, this business starts with a variation of a famous line from Shakespeare’s Hamlet: “To be a trader or not to be.” Is it worth risking money, time and sometimes even a career built in another profession, in order to reach success in a new field? If you join this market, how do you enter into that desirable 5 to 7 percent of participants who statistically succeed? How do you reach success so that the money, time, and energy invested into this business will not only be justified but will also bring you significant dividends?

Each participant should be able to answer these questions personally; my task is more modest. For those who have already made the choice in favor of “to be,” I offer my version of the secret about how to beat the odds and win the market game. I truly believe this book will allow novice traders to save a good deal of time and money that otherwise would be wasted by following the traditional trial-and-error method of learning from their own mistakes before gaining the necessary experience.

Contents:

  • Recommendations to Novice Traders
  • Developing a Trading Method
  • The Igrok Method
  • Short-Term and Intraday Trading Strategies Using the Igrok Method
  • Templates for Short-Term and Intraday Trading