Forex on Five Hours a Week: How to Make Money Trading on Your Own Time
$14.49
| Author(s) | |
|---|---|
| Pages |
211 |
| Format |
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| Published Date |
2010 |
Forex on Five Hours a Week shows readers how they can master a few techniques, focus their efforts on their choice of time frame, and profit in the forex market. Readers with a day job and little time to dedicate to the market will learn all they need to know to capture consistent profits.
Author’s Introduction:
This book is as much a written text as it is a complete course. I’ve included links and charting examples, which allow me to walk you through the concepts in this book. I’m especially happy about that because this makes it easier for me to show you additional examples of the strategies I use, such as working across multiple time frames and pairs.
I also invite you to join me at my blog at ragheehorner.com where I discuss the markets on a daily basis and share videos and color charts of set-ups and price action that I am watching. It’s just another way of keeping in touch after you complete this book. The Forex on Five Hours a Week approach is as much about streamlining your market analysis as it is about challenging assumptions. There are going to be ideas that I will share with you that challenge the norm and perhaps are 180 degrees from what you have heard or even have been doing! This does not stem from some desire of mine to zig when everyone else is zagging.
Forex on Five Hours a Week readers will use the psychology of the market to their advantage; after all, that is what you are tracking, analyzing, and watching on a price chart. This is external psychology. Never forget that you are trading reactions, fear, greed, and uncertainty. This alone will take you past the charts and make trading a much more natural activity.
Contents:
- Making Money in Up and Down Markets
- Full-Time Trading = Full-Time Job
- The Wave
- Objectivity
- The Magic of Lazy Days Lines
- The Only Entries You Need
- Around the World
- Market Pulse
- Trading Psychology
- Psychological Numbers
- Trading Edge
- Is My Broker Friend or Foe?
- Embracing Automation
- Raghee Recommends
Forex on Five Hours a Week: How to Make Money Trading on Your Own Time By Raghee Horner pdf
14 reviews for Forex on Five Hours a Week: How to Make Money Trading on Your Own Time
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Aarya Costa (verified owner) –
I found this book to be an average exposition of how to trade and I couldn’t follow it at times. Ms Horner talks a good game but her style was not for me.
Indie Blackburn (verified owner) –
This book is simply terrible. Raghee Horner has somehow established herself with some sort of a name as a trader worthy of note, but I can be certain that she won’t have attained any trading success by using the methods in this book.
The title is great, “Forex on Five Hours a Week” – and was just what I was looking for a few years ago when I was still working full time, but wanting to take some medium term Forex trades, after putting in a few hours of analysis in the evenings and at weekends.
As I was aware of Horner and knew that she spent a bit of time with the (vaguely) reputable John Carter, I ordered the book without looking much further into it. I imagined a structure that helped you maximise your output, with only a few hours each week. Maybe it would suggest I choose a certain number of currency pairs and use a particular approach in my 5 hours each week to place a couple of orders and try to make positive returns. Oh no… it did nothing of the sort. The book has no structure whatsoever and simply has nothing to do with trading based on a limited number of hours each week.
The book has been titled to suck wannabe traders in (it clearly worked on me) and once you have finished reading it you realise you have been conned, and the content of the book bears no relation to its catchy title. The content is simply a very poorly structured collection of general trading information, and contains very little that even an absolute beginner could build into their trading approach.
I had an opportunity to attend a series of webinars presented by Horner and her work there was equally as vague and disappointing. She gave a daily presentation for a couple of weeks and not once did she actually make a trade, despite sharing her impressive screens and giving all the big chat.
The world of trading-education is filled with those looking to take advantage of the needy, desperate beginners and unfortunately this is just another example of a complete waste of time and money, that will not get you any closer to making consistently profitable trades.
Johnny Perez (verified owner) –
Some good ideas, but this is a badly edited cobbling together of magazine/internet articles. It does not say that the content comes from articles, but it is blindingly obvious that this this is the case due to the lack of structure of the publication.
It ranges from assuming that you know nothing about FX at all half way through the book (eg. explaining what “cable” means) to mentioning complex concepts without adequate explanation earlier on.
Lots of diagrams and charts which are near useless because in black and white. Yes, you get the internet link to see it in colour, but I don’t generally sit by my computer when reading a book – I am on a train or sitting at an airport.
The theme of the book “five hours per week” is a marketing hook with little substance. The bulk of the chapters are not really targeted at someone who has five hours per week, but just general FX education.
Miss Horner does have some good ideas, most of which are contained in other books written by her which are much better put together. This is a poor product on its own and particularly so in terms of cost.
Jayden Joseph (verified owner) –
I bought this book because I got started watching her Charts and Coffee video every morning on YouTube. After I read her book I decided to suscribe to her Simpler Trading class and try to use her system to trade. Her Simpler service I ended up subscribing to was actually her Sector Secrets service. Now that I have gotten down loaded her indicators and have gotten used to them I really love using her system for trading. To me Raghee is a super fantastic teacher that can make trading so simple and basic…. I love her system and I love her style of teaching and I highly recommend this book as a starting point on your trading journey. I also highly recommend you checking out SimplerTrading.com. It’s not cheap rip off service but has taken some like me who knew nothing about trading options and kept me solvent and in the market for nearly 3 years while I have made every mistake one can make trading. There is no way I could have survived through all the ups and downs of the market. If you are serious and really want to succeed in Trading options give Simpler Trading and Raghee Hoerner a try!!!
Abigail Torres (verified owner) –
i bought the book, read it, hot garbage. If you’re new then you might end up deciding to never trade forex after reading this book, and if you do all of your money will be lost. you should email this author and ask what her favorite fish sandwich is or restaurant is and she will be more than glad to tell you all about her day because she is good at avoiding the subject-trading.
Jamari Preston (verified owner) –
While I think this is a decent book for people new to forex, I purchased the epub version and it has at least 1 error on every page, words misspelled, word separations, etc.. annoying when trying to read through the errors, seriously needs some proofreading, hopefully the print version isnt as bad..
Eleanor Valenzuela (verified owner) –
This book was very informative for a new Forex trader. What inspired me most about the book was actually all of the resources in the back of the book. The one most single important piece that I got out of this book was the timing of the market and how the time zones overlap each other and when is the best time to trade the market. Everyone has their best trading practice and Raghee has perfected hers. This is a quality book and would recommend it. Especially to a new forex trader.
Jackson Gonzalez (verified owner) –
Like all of Raghee Horner books, this one will not provide you with any real meat.
Her “system” is a simplistic moving average that she renames with exotic names to give it some mystical aura and flavor. At the end of the book you are, as always, left wondering what to do next. There are NO specific clear cut entry/exit setups to follow and a lot of ramblings to boot, like how she likes fish sandwich and other totally irrelevant comments that no trader cares about.
I give it 2 stars only because she repeats – over and over – that we must follow the trend, but again don’t expect to find a clear cut system that you can backtest at home.
Kenji Clay (verified owner) –
I’ve always thought that Raghee Horner was a good trader; not brilliant by any standard, but good. So when I saw this book, I thought it may contain so valuable ideas and concepts. Nope!
Raghee talks alot about herself. Her computer. Her favorite restaurants.
This book could have been narrowed down to a 12 page PDF file Vs. what is a rather expensive book. I would sell it in a heartbeat if I didn’t feel so guilty for passing on this terrible writing.
The book is cheaply made with fuzzy charts and graphs.
If she was trying to set a theme by talking so much about herself and her lifestyle, then she failed.
I’m sorry, I can’t recommend this book to anyone unless you know absolutely nothing about currency trading. Even then, an afternoon on Google will yield more information than this overpriced Facebook page.
Gracelynn Klein (verified owner) –
good book
Selah Taylor (verified owner) –
in exploring ways other than real estate to invest money I came across this book…written and well edited it’s basic and simple explanations make me want to research further…thank you.
Zahir Mayo (verified owner) –
Five Hours a day, maybe. Bottom line is that we have to trade Set-Ups, with the trend and whenever they occur. We have to watch the market, waiting for the SET-UP. They don’t always happen at the most “opportune” times.
The book, however, is fun to read. It has a great deal of information and links that will be helpful for all skill levels.
Marco Weeks (verified owner) –
I paid a lot for a book that has pmistakes and with black & white charts that you cannot interpret because the author explains them as if they were in color (“the blue line crossing the yellow…” and all you see are gray lines). In my opinion, this is unacceptable for the price I paid.
Also, the content has a discussion or conversation feel to it, which makes it good to read but bad to learn, because there are little conclusions or defined guidelines to follow.
In order to be fair with my evaluation, I will say that the ideas around stop loss, trailing stop, market memory and time frames are useful but they do not make up for the purchase I made.
Karen Erickson (verified owner) –
This is a great book on FX and by extension to othter markets as well. It is not a data dump that leaves you punchy, but is delivered with heart, experience and a true desire on the part of the author for you her reader/student to get at a gut level what it means to be a trader in markets.
She provides what you need to know in a detailed and easily absorbable way so that you can put it into practice. By using a free demo account you can trade and test any item which the author goes over so that you also can clear up any confusion that you may have before risking real money from your account.
Just because you do this does not mean that you will not have loosing trades but that instead of being overwhelmed by the amount of data comming at you you will be prepared by knowing that you have to manage your emotions as well as the trade. The author goes over these topics in good detail but the time you spend in demo trade mode – which she stongly emphasises many times – will be invaluable when doing live trading.
She also goes over how to set up your charts with the appropriate amount of data, what kinds of indicators she uses and how.
She covers the psychology of trading, trading the news, risk and trade management all delivered with wit and her personal experience so that you end up knowing to some degree why you are doing what you do instead of flying blind. Your personal trading experience will over time clear up any lingering confusion. The trick is, as the author explains, is to keep your self in the game without blowing out your account do to inexperience or wildly fluctating emotions when you are in a trade.
The author also recommends the web site […] among others for education. She also writes a blog and shares her trade ideas at that site.
All in all a great read from many perspectives.