Forex Conquered: High Probability Systems and Strategies for Active Traders
$13.75
| Author(s) | |
|---|---|
| Pages |
297 |
| Format |
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| Published Date |
2007 |
Forex Conquered is a meaningful contribution to the growing number of books on forex trading. John Person provides a professional view of forex trading that readers will be able to use as a guide for strategies and tactics that work. The scope of the book covers more than forex and includes salient aspects of futures and option trading. It should be read and then re-read!
Author’s Introduction:
The techniques in this book can be applied to other markets, but this specifically targets the forex market. I will teach you a trading system so that you develop your own personal program and then follow that plan. Using these techniques should help you to effectively anticipate a potential resistance or support level that will give you an edge in the market for both entering and exiting positions. Blending the strengths and characteristics of candlestick chart pattern recognition with pivot point analysis is what I have been teaching private investors, professional traders, and other leading educators.
Many new methods have been introduced to traders, but the one constant is human emotional behavior. In order to master trading, people need to control their emotions. After all, the markets are simply a reflection of these emotions. Fear of losing money causes market prices to head lower as people sell; and fear of missing an opportunity causes market prices to move up as greedy people buy, trying to catch a free ride.
As a forex trader, you are looking at technical analysis to help capture profits from a movement in price. Therefore, it is imperative that you understand how and when a market moves and what signals or patterns give you a clue for a directional price move. There are consistently recurring patterns and these are what I plan to share with you in this book. I will also discuss methodologies on trade management and risk management to help you when an inevitable trading loss occurs.
Contents:
- The Business of Trading Money
- Pivot Point Analysis, Filtering Methods, and Moving Averages
- Candlestick Charting
- Traditional Chart Patterns
- Indicators and Oscillators: Stochastics and MACD
- Fibonacci Combined with Pivot Points
- Elliott Wave Theory
- Trading Systems: Combining Pivots with Indicators
- Selecting Your Trading Window Frames
- Risk and Trade Management: Stop Selection, Scaling Out, and Setting Profit Targets
- Game Psychology: Techniques to Master Your Emotions
Forex Conquered: High Probability Systems and Strategies for Active Traders By John L. Person pdf
12 reviews for Forex Conquered: High Probability Systems and Strategies for Active Traders
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Ahmad Hicks (verified owner) –
covers most things on forex trading pivot point are good in trading clear on explanation would reommend as basic primer
Sonny Phelps (verified owner) –
Person certainly opened my eyes to pivot point trading in this book. Combining sound strategies and trading psychology is a great combination as both are monumentally important. Thanks directly to this book, I am able to consistently make money from trading forex, which I have been trading for about 2 years now. Cant recommend it enough!
Laney Lester (verified owner) –
John explained the trading systems that would probably work. Some history of performance is shown in the book. Anyway, the system should be tested in the choppy market condition first before it applied in your live account. I’m afraid that it’s only working well in a trending condition.
Lee Clarke (verified owner) –
Summary from my full length review – A book on “high probability systems” for use with forex markets. The components for the systems are discussed in general with no specifics. I am disappointed by the fact that the trading systems are not disclosed. This book is not quite what I expected from a well respected trader.
Callum Park (verified owner) –
Not enough information
Carmen Hubbard (verified owner) –
I loved this book, it was very inspiring and I think that Whatever level of trading experience you have you Would find it helpful.
Here are some of the subjects that I found particularly Well covered:
* Trading Systems
* Strategies
* Tactics
* Risk Management & Reduction
I also liked the examples..
I would highly recommend it to anyone with an
Interest in Forex.
Cheyenne Hogan (verified owner) –
Excellent book. Reveals 3 BACKTESTED (repeat BACKTESTED !) profitable forex trading systems, one of them averages 130 pips a month. Now, how many authors take the time to actually show you the results of their systems ? Take a wild guess: almost none of them! Want to know why? Because their “systems” are either worthless (and they know it)or they just break even . So take note all the forex authors out there, show us the backtest results of your forex system or shut the hell up!!!
Deandre McConnell (verified owner) –
Bought it…read it…enjoyed it. I have read numerous books in the last 3 years on topics such as stocks, options, trading systems and most recently currency trading, which is my prime area of interest. Many were written by authors who talk the talk. John Person talks the talk AND walks the walk. Translated: he writes about systems, triggers, indicators and trading philosophies that HAVE BEEN SUCCESSFUL for him, and he has the experience to back it up. Will they be successful for the reader? That depends on many variables, not the least of which is how well one learns and implements the material. You know what they say, you can lead a horse to water but you can’t make him drink. While the author could have used a good proof reader and larger more visible charts, the material is relevant, insightful and interesting. And heck, you even get few lessons on it to make things a little clearer. There are many ways to trade the markets. This book provides insight as to how one SUCCESSFUL trader has done it. You can criticize many things in life but one thing has always been true: you can’t knock success. Thanks John, for sharing with us the weapons you carry into battle with the forex market. I, for one, am better armed because of it.
Bellamy Winters (verified owner) –
This is definitely not a beginner’s book and I suspect that some of the reviews found here giving this less than 4 stars are beginner or very ignorant traders that expect to be spoon fed.
Is this book perfect? No, that is why I did not give it 5 stars. But it does come close. The only perfection I have seen is Steve Nison.
This book is basically about candlesticks, pivot points and some basic indicators like MACD, Stochastics, Fibbonacci. He also discusses risk management and psychology.
If you are looking for a ‘system’…you will and you won’t find it here. He gives you some basic systems to start with. Really…you have to learn, understand and create your own system and style of trading Forex and build on the knowledge given in this book. No book can give it to you. It comes from knowledge of yourself and experience with Forex.
I found his information on Pivot Points to be excellent and it definitely expanded upon my already strong understanding. I trade pivots, candle signals and at times use things like Bollinger Bands for confirmation. That is it. I stopped complicating Forex, made it simple and the money rolls in. Trending pairs, consolidated pairs, ranging pairs…doesn’t matter. Once you understand price action…the world of Forex is yours.
One of the reviewers beneath me claims the techniques Person teaches do not work unless there is a trend. HAAAAAAAAAAAAAAAAAA WRONG!!!!!
I use these techniques in trends, ranges, for momentum and breakouts. It applies if you know how to trade those conditions. If you know what is and is not possible in those conditions!
If a market is only moving in a 20 pip range….DON’T TRADE IT. DUH! Nothing but scalping will work there. If the market is in a 30 to 40 pip range…I am making the money! Also, (common sense alert) what is possible depends on your broker, the spread, etc. My broker is an ECN so I have no slippage or spreads to deal with. I pay a $10 commission on each standard lot I trade. So, if I grab 20 pips ($200) and I pay a $10 comm. I made $190. With an ECN, I can trade anything.
Do not expect this book to be more than it offers. Any idiot can read the table of contents and clearly see what this book will cover and will not cover.
If you are new to Forex…get a strong foundation down first before you try this book. If you are already successfully trading and want to learn more…this book is for you. If you know pivots inside and out…you probably will not learn anything.
If you are not successfully trading Forex, have an intermediate to strong understanding of trading but do not use or know anything about Pivot Points….this is the book for you!
Before buying any book, before you even try trading…you had better have a strong understanding of Japanese Candles. They work in every market and on all time frames. I would not trust any material unless it is Steve Nison’s. So start with his books and build from there.
Steve Nison’s ‘Profiting in Forex’ DVD set (about $600) is THE gold standard when it comes to learning how to use candles with Forex in my opinion. That DVD course BLEW ME AWAY! And I knew my stuff too but I still learned new things! If you want to get good at Forex…combine that course with this book. If you are new…start with the basics first.
This book definitely provides a lot more than most may notice. The question is…are you capable of seeing what the other complainers missed?
Denise Campos (verified owner) –
…but I won’t recommend it if you are serious about understanding how the market works. I’d look for other books out there
Kaitlyn Frazier (verified owner) –
I’ve known John Person for several years now and I can tell you that he is a true trader who makes his living in the markets. There are two types of authors who write trading books – those that write about trading but don’t actually trade everyday and those who trade every day and know what they are talking about and write books simply because they love talking about trading and enjoy helping other traders find success. John is definitely a true trader first – something you can tell immediately in the first few pages.
Forex Conquered offers specific trading strategies that you can use immediately which is what sets this book apart from all the others. If you’ve been disappointed by other books that talk in generalities, buy this one. John gives step-by-step instructions so that you can learn how to trade yourself instead of relying on others for “tips” or strategies you don’t understand. I highly recommend it.
Maya Combs (verified owner) –
John Person Provides the systems and strategies most of us are looking for.