The 10 Essentials of Forex Trading

$10.95

  • Pages: 234
  • Format: PDF
  • Published Date: 2007
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Description

The 10 Essentials of Forex Trading: The Rules for Turning Trading Patterns Into Profit

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