Making Money in Forex will help aspiring traders successfully enter this field while maintaining a job. With this book, author Ryan O’Keefe explains his own personal journey to becoming a trader and shows you how to follow a similar path.
Author’s Introduction:
I wrote Making Money in Forex to help people learn to trade around day jobs they can’t quit cold turkey. It contains the experience and methods I’ve developed after nearly a decade of analyzing, trading, and writing about the spot currency market. The book’s objective is to persuade you from chasing profit all over a five-minute chart and learn to trade using a steady, long-term approach.
You should understand up front that I am a trader, not an analyst. This book contains my experience and methodologies as a trader interested in two things: reducing risk and making money. I don’t care about market correlations, the Big Mac Index, or speculating about whether a central banker is going to shave his mustache off. I do not spend my time analyzing the market to death; I’m a trader and making money is all I care about.
Do not expect a detailed analysis of each currency pair or the effect crude oil may have on the Canadian dollar. I will not discuss traditional technical patterns, Elliot Wave theory, or Gartley patterns (whatever the heck they are). These topics have been discussed ad nauseum by other authors and I see no reason to cover them again.
I don’t use them in my trading, so why should I include them in this book? I am only interested in identifying support or resistance, where price is now, where is it headed, and how can I profit regardless of the cost of tea in China.
Contents:
- Exploring the Currency Market
- Principles of a Bargain Hunter
- Reading Price Action
- Managing Risk
- Managing Profit
- Bargain Hunting Along the Edge
- Bargain Hunting with Price Action
- Bargain Hunting with the Commodities Channel Index
- Bargain Hunting with Fundamental Data
- Achieving Consistency: Simple Steps Every Trader Can Take