Thirty Days of Forex Trading: Trades, Tactics, and Techniques
$18.30
| Author(s) | |
|---|---|
| Pages |
361 |
| Format |
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| Published Date |
2006 |
Raghee Horner has successfully traded in the forex market for over a decade, and now, in Thirty Days of Forex Trading, she shares her experiences in this field by chronicling one full month of trading real money. First, Horner introduces you to the tools of the forex trade, and then she moves on to show you exactly what she does, day after day, to find potentially profitable opportunities in the forex market.
Introduction:
Thanks for joining me for these next 30 days. You and I are going to be sitting down together and examining foreign exchange (forex) setups on a number of time frames. In the trading day chapters themselves I assume that you know a little about charting and execution and also the way I analyze the markets; however, if you need a refresher on trend lines, support, resistance, and so on, I do have free video available at my Raghee.com web site. So the first part of this book is what I endearingly have called “the brain dump.” Here I discuss all the ideas that you will see carried through into the trading days: the trades, tactics, and techniques. I also have to mention that while you are reading this and whenever you may decide to put this information to use, use it as is. Don’t add or subtract anything from it.
I haven’t left anything out; there is no secret indicator I have kept from you. Just use the tools and rules I explain and try not to change them, if for no other reason than before you can make something better, you first must have a foundation. You can’t change something for the better unless you already know it. Please play and win by the rules before you go about changing the rules. This entire book is part instruction, part trading journal. The main focus is on forex, but I want to get across one message if nothing else: I trade all markets with these tools. I trade momentum and swing setups the same way regardless of whether that setup is on forex, futures, or the stock market.
The time frames may differ as well as the “hot zones” that move the particular market. In the end, though, it’s the same “Three Classic Tools to a Three-Step Setup,” and that doesn’t change. Recently I was interviewed for an article about my trading approach. I spent a good 20 minutes explaining to the author that I was a chartist and that meant that I relied on price and not on fundamental data or news. I thought I got my point across well until I read what was printed in the article.
Thirty Days of Forex Trading: Trades, Tactics, and Techniques By Raghee Horner pdf
18 reviews for Thirty Days of Forex Trading: Trades, Tactics, and Techniques
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Madison Bowman (verified owner) –
Very rudimentary. And it feels quite short for the money. I would not recommend
Juliana Ball (verified owner) –
Perfect book. I strongly recommand it.
Aydin McDaniel (verified owner) –
I love this book and I love Raghee. I listen to her every morning on ” Charts and Coffee”. I am considering a move to trading the forex when and if the Stock and Options market ever starts really tanking. Right now I am subscribed to John Carter’s Small Account service with Simpler Trading. At some point I will subscribe to Raghee Hoener’s Forex trading Service with Simpler Trading. For new Traders who are struggling to figure out how to trade the Forex I highly recommend you to Suscribe to Raghee’s trading Service with Simpler Trading. She does not believe in you having to purchase multiple indicators just to be able to trade the Forex. I also really enjoyed her book and I keep it handy on my coffee table to refer to when I have a question.
Dulce Berger (verified owner) –
I really enjoyed this book. It provided my with some interesting and valuable information.
Shane Thompson (verified owner) –
New to forex this book is great for getting you up to speed. After reading a good cross section of books on the subject “Profiting with Forex” was the first I read and if it’s the only one you read it will provide you enough tools for success.
Shiloh Hawkins (verified owner) –
I have read over 20 books on trading which have all left me saying what? This is the fist book I have read that I can see myself following what is in the book. I am just about done this 30 day exercise and it is working out great! I really love all the charts and how the book follows a day by day trading system.
Byron Joseph (verified owner) –
I read the first book and of course the second book and now I am a much more confident trader.
I find her style easy to read and her techniques solid. I have greatly increased my knowledge and understanding of the forex market and charting. She writes in understandable language and I have been able to build on all of the lessons in the book to increase my own success as a trader. I recommend this book highly, I have given it to my children and friends. That is how much I have benefited from her writing.
Layne Bernard (verified owner) –
I am writing this mainly to protect other prospect buyers from a really boring book. Thirty days of Mrs. Horner trading experience, badly described, with undocumented charting support. No one is really interested in what Mrs. Horner had as breakfast, or when she went for a coffee! An intresting idea (thirty days of tradind) really BADLY implemented!
Santino Blanchard (verified owner) –
This is an excellent follow-up to her previous book. It’s understandable that if an individual had not read her previous book, they would not understand the purpose in the things she shares. But it is very clear, that she gave considerable thought to what she writes. Undoubtedly, there was a purpose in almost every detail. If there were any questions that you may have had after reading her first book (which in my opinion is the best book out there on Forex, and I have read almost every one of them) she more than clears them up in this book. After reading this second book, I feel confident that I understand one of, if not the best forex trading system available. And her system that she makes available can be used in any equities, futures, or commodities market. Her discussion of the importance of market cycles has helped me to be a much more capable and rounded out trader. In my opinion this book is an outstanding contribution to Forex education. Raghee, is a true chartist through and through. And to those desiring to gain valuable insight into technical analysis of the Forex market she is truely a Chart Maven.
Aitana Newton (verified owner) –
It sound to be a very cheap marketing brochure of a broker and a particular software rather than a training book. It tried the software link in google which refered me back to her own website, it might be her own software
Bodie Ferguson (verified owner) –
I bought this book because I was interested to know how professional traders manage their accounts and whats their specific systems to enter/exit forex market.
Raghee Hornor is definitely not a real trader,or a very weak teacher! her system would not qualify you to participate in this business. I acually find her book misleading for new traders.
Before you start FOREX trading(this is if you have a trading plan/system-NOT RAGHEE-HORNOR SET UP), you must locate the coming events in your day trading plan. Are these events going to have high impact(danger), average impact(becareful) or low impact(normal), then decide if the trade worth it or not.
EXAMPLE,If the market broke a strong support level during the beginning of europian session,the market medium trend is down and the coming events have low impact in your trade. this mean the pair you are going to trade has high probabilty to complete its daily average downward.
The writer does not help much in timing the trades( which is the most important subject in forex trading in my point of view).
If you want to participate in forex then I recommend three books to be read before you think of putting your money (BEAT THE ODDS IN FOREX TRADING-I. R. Toshchakov), (TECHNICAL ANALYSIS OF THE CURRENCY MARKET-Boris Schlossberg) and (MASTERING THE TRADE-John F. Carter).
I’m sure there are lots of usefull books around.You should never stop educating youself trader..
Kensley Patrick (verified owner) –
Not sure if works
Anakin Goodwin (verified owner) –
This book’s title is deceptive. It isn’t about 30 days of trading, it is about thirty days of Horner identifying market trends and applying her analytics without once placing a trade. Granted, she does give a cursory outline of her “wave” theory, but everything else (Fibonaci retracements, MACD, trend lines, etc.) is pretty standard fare. I’m sorry I purchased this book. Your money is better spent elsewhere, which is ultimately what I did.
Jair Mosley (verified owner) –
Really good, I would recommend
Derrick Horton (verified owner) –
other better books
Francisco Webster (verified owner) –
I have started studying trading about three years ago and Forex specifically for about a year. I find Raghee to be honest and her methods to be simple and I can see how they would work if followed. I myself use Fibonacci levels and MACD and find that they work after a fashion like everything else in trading.
I find it refreshing that Raghee does not try to hype anything in her book (she doesn’t even try to sell her indicators). She does like eSignal which is understandable.
The key to any system is that you have to give it time to work. It is very probable to get a string of losses, at which point most traders switch systems. This would be a big mistake. Any trading system must be evaluated over a period of time to get consistent results.
All that said, this book needs a good editor. While the initial chapters are a good introduction, it is not always clear what Raghee is talking about. For example, it would be nice to have a clock face next to the chart to indicate the trend. I can’t always see the trend that she is talking about. I am not sure whether she’s refering to the right edge or the candles leading upto the right edge. Sometimes she seems to lose her train of thought.
It would have been nice to have a position chart at the end of each day. While she identifies entry, exit, and stop on the chart, I am not sure which position that she took. This may have prompted the previous reviwer to conclude that she is not a trader. As it is you have to really read this book with a pen and paper to figure out what trades to take (may not be a bad thing). Raghee, if you read this, you may want to post the trades that you took during this period on your web site. That will go a long way towards validating your method.
Overall, I find this book useful.
Zaniyah Cantu (verified owner) –
The way a trader shows the day to day allows to observe the analysis and the dissipation that must be acquired through the daily practice to achieve a very good trading book with excellent system.
Dahlia Villarreal (verified owner) –
I have read MANY trading systems books and taken several courses and one-on-one mentoring — in my humble opinion, Raghee’s down-to-earth and uncomplicated methods are just what I needed. She seems to be a very giving honest person and I admire that. This book and her other book totally changed the way I viewed the Forex market … to where I’m making profitable trades instead of losing trades. Thanks Raghee!!