The 10 Essentials of Forex Trading: The Rules for Turning Trading Patterns Into Profit
$10.95
The 10 Essentials of Forex Trading shows you how to use charting methods to effectively relate market movements to trading patterns-and turn those patterns into profit. You’ll also learn how to gain control over your emotions-a vital part of trading on Forex-and eliminate bad habits that can prevent you from becoming a confident, competent, and profitable trader.
Author’s Introduction:
Every trader is looking for the “holy grail”; that little piece of truthful and accurate information that works consistently! In my own trader’s journey, I discovered that the holy grail is knowing when to get in the market and why and when to get out and why. If you can learn the when and the why, you will be able to make market movements work for you allowing you to capture the majority of potential profit from the move.
When you do this, you have discovered your personal holy grail in trading! I believe this book can become your holy grail if you let it! Trading needs to be fun, emotionally exciting, personally and financially fulfilling, and stress-free. If you are going to be successful at trading, you will need to acquire a trading strategy that is easy to execute, easy to understand, easy to obey, and that works for you consistently. You will also need to master your emotions. Success lies in mastering four skills, three of them technical. These technical skills include knowing:
- How to find market direction in any time frame, anytime, 24 hours a day.
- How to establish a successful entry strategy that works consistently. Every trader wants the market to move in his or her direction from entry.
- How to create two solid exit strategies: one to protect yourself financially should the market not go your way, and one to capture profit if it does.
Contents:
- So You Want to Trade FOREX?
- Self-Empowerment via Trading Software
- Trading Japanese Candlesticks
- The Financial Game of Support and Resistance
- Trends and Trendlines
- Buy and Sell Zones
- The Fibonacci Secret
- The Reality of the Fibonacci Secret
- Fundamental Analysis
- Consolidating, Bracketing,Accumulation, or Sideways Movement
- Learning the Rules of Equity Management
- The Final Analysis
The 10 Essentials of Forex Trading: The Rules for Turning Trading Patterns Into Profit By Jared Martinez
| Author(s) | |
|---|---|
| Pages | 234 |
| Format | |
| Publication Year | 2007 |
17 reviews for The 10 Essentials of Forex Trading: The Rules for Turning Trading Patterns Into Profit
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Blaise Shaw (verified owner) –
I would recommend every beginner in Forex to read this book. As a person without any financial or investing background I like this book. It was my first book in the industry of market and explained me in simple words what Forex about.
Jayleen McCarty (verified owner) –
I would recommend this book for sure. Yes, it is simple but that is the whole problem with the forex market and why 90% or higher do not know how to trade. There are so many “systems” and folks are confused. He shows how to trade with a high probability in this book but it’s his personal testimony that I identified with most. It got me headed in the right direction by pointing out that I must use discipline or NO system will work. This is not the only information you need to learn to trade but a good one for your collection. I really enjoyed the book a lot.
Tiffany Harrell (verified owner) –
You won’t be disappointed in The 10 Essentials of Forex Trading. I’ve read it from front to back and find it the perfect learning tool. It has really helped me put Forex Trading into a good perspective. I was attracted by the title of 10 essentials and wanted a good reference book. It is easy to follow and makes the Forex learning experience easier to understand. I’m ready to put what I’ve learned to work. So should you. Highly recommended.
Kinslee Cummings (verified owner) –
Another one of those average trading books that includes little explanation about charting and trading and other generic knowledge.
Jack Patrick (verified owner) –
This is the first forex book I’ve ever purchased and at first it didn’t help me much. I just didn’t understand and wasn’t able to apply the techniques properly. It was only after I started trading for a while that it began to make sense. Call me crazy but the author has it right. Dead right. He actually teaches you how to trade with a method that works. No crazy indicators but instead pure good old analysis.
It’s not the best written book though and I could see why a new person would be confused. He needs to come out with a new and better organized addition with some more recent updates. I couldn’t figure out what the 10 essentials were. However once you become a more experienced trader you start to realize that everything he’s saying is correct. You have to see through the fog of some of the fluff he adds to understand what I’m talking about. I actually think the book is better for a person who has some trading experience and chart time than a complete newbie.
Despite the fact that it does have a lot of flaws I give this book 5 stars because when it comes down to it he gives you the answers. You just have to look deep enough and long enough to find it. This book is my holy grail and I take it everywhere with me.
Eliezer Dudley (verified owner) –
As an experienced Forex Trader I can assure you that most of the reasons traders lose money is due to the complexity of the forex market and the various number of confusing indicators that most educators encourage you to use. In reality it is your discipline, patience and persistance which will make you profitable. This book encourages you to have a trading plan; using a selected number of indicators looking for a convergence between them. It also focuses very heavily on your mindset which is paramount for success. Irrespective of your level of knowledge and trading experience in Forex…this book is great value for all traders. To your success…
Emersyn Pope (verified owner) –
The concepts are good but the material is a little too repetitive. I found that Jared is certainly an excellent trader and teacher but I found this book a little too preachy and repetitive.
Gianna Rowland (verified owner) –
Great book on personal attributes inventory, education, discipline, and natural Fibonacci law and rules for Forex trading by the Chief of Forex trading himself!
Nelson Lopez (verified owner) –
It is a very good book, but the subject requires much more reading.
Lyra Davenport (verified owner) –
it’s good
Gunnar Durham (verified owner) –
The absolute BEST book to learn Forex Trading, especially if you have difficulty understanding how Fibonacci’s work.
Cayden Drake (verified owner) –
A great read for anyone in Forex
Mira Lee (verified owner) –
awesome
Raiden Keller (verified owner) –
Helpful
Hadleigh Moon (verified owner) –
Great book for both FX newbies and advanced traders!
Nova Wise (verified owner) –
The book I already read, I just wanted to read it again. It said there were no markings on it, for the book to have a lot of markings. Unfortunate. I’m gonna keep it but be mindful and honest.
Logan Harvey (verified owner) –
I just started on this book today and it’s completely 💯. So far I love it. This book should be in the top 10 for forex trading and psychology. So far so good. I highly recommend it