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!
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.
- 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