Forex Essentials in 15 Trades: The Global-View.com Guide to Successful Currency Trading
Forex Essentials in 15 Trades takes a new and different approach to teaching the basics of currency trading. The three authors combined have nearly 100 years of experience in the markets; our experiences are from different perspectives and vantage points. What we have in com-mon is that our insights come from the perspective of a trader. Many books are available on learning the mechanics and language of FOREX, but read-ing this book along with the resources on the Global-View.com web site will give you a unique, in-depth perspective on currency trading.
This book is divided into three parts. Part One provides a substantive back-ground in FOREX basics, money management, fundamentals, technical analysis, and what it takes to be a successful trader. Part Two details 15 of author Mike Archer’s trades, showing how theory might be translated into practice. Part Three is a compendium of articles written by the authors to supplement Parts One and Two.
Part Two analyzes 15 FOREX trades to let the reader see the book’s concepts in action and to get inside a trader’s mind as he sifts information, seeks candidate trades, makes a trade, monitors it, and ﬁnally conducts a postmortem of the trade. These are all real trades made by author Mike Archer. Part Two begins with his Snowﬂake heuristic for ﬁnding trades (Chapter 8) and describes his two primary trading methods, the Goodman Swing Count System and market environments (ME).
Part Three is a compendium of readings primarily from the Global-View web site. These articles supplement the Part One and Part Two chap-ters. For example, you may even wish to skim Chapter 27 (GSCS basics) and Chapter 28 (ME applications) before reading Part Two. Appendix A, GVI’s “Common Sense for Traders Checklist,” provides more perspective to the reader for both the FOREX basics and the money management chap-ters in Part One.
This book also offers two unique learning tools: “The Inside Scoop” and GVI Snippets. Most traders never know or learn more about the mar-kets than they see on their broker-dealer’s trading platform or hear from a news squawk box. The professional’s edge is in seeing the hidden struc-tures behind market movements; herein we attempt to peer through that window with “The Inside Scoop.” Following is an example:
- An Introduction to FOREX
- The Importance of Money Management
- Technical Trading
- Fundamentals for FOREX Trading
- Trading the News
- Trader Profiles
- Selecting a FOREX Broker
- Heuristic-Based Trading
- Currency Futures Trading Basic
- FOREX Lessons from Shanghai BC
- Introducing the Mundo—The Synthetic Global Spot Currency
- A New Introduction to the Goodman Swing Count System
- Market Environment (ME) Applications