Become a Profitable Forex Trader in 5 Easy Steps
The price went up. I found this book very interesting and informative.
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Well, when we want to write a review we must go into the details and mention the technical points of the book and its pros and cons specifically: I have read some of the reviews. Some argued that the stuffs in the book is easy to find all over the internet, like kangaroo tails are hammers and shooting stars, big shadows are classic engulfing patterns and so on. That's right; but as a trader who just found his way into decent profiting after struggling for 5 years I must say that one mistake many make is they tend to brag about their system: But at the end of the day the goal is just to make money and what I found during these years is that the best way to make money is sticking to price action, support and resistance and trading higher time frames H4 at least.
Even the experienced traders can learn one or two good insights from the book that although they seem nothing special they are very helpful in filtering the bad trades for them, and also psychology part is very straightforward and practical.
In summery here are the positive and negative points of the book in my view: This book is straight to the point and practical and very easy and fun to read. The focus on candlesticks and price action most of the refined classic setups mentioned there are great for a novice trader instead for indicators is priceless.
The psychology part is also very direct and practical specially the pressure the author put on back testing He even says back test my ideas first. Author insisted that trading higher time frames are easier and more profitable to trade an that's percent true. I don't agree with last kiss setup and wammies and moolahs I think they are not as strong as the other setups because the focus is more on the zones instead of candlesticks in these two setups.
Author must mentioned the use of multiple time frame analysis in the setups for completing his ideas. He must mentioned the importance of some news like NFP that may destroy technical setup in a part. I think everyone must read this book but for novice traders it would be a great shortcut to profitable trading. Kindle Edition Verified Purchase. Much has been made about the techniques being presented as being simply very old price action trading renamed.
That doesn't do this work justice. I had long ago tried price action trading and given it up as "not working". The value-added in this work is in the little tweaks applied to the old techniques, that, in my opinion makes them quite viable, eg, additional qualifiers on the pin bar or "kangaroo tail" as it were that makes it a much higher percentage play. It's possible those tweaks are available elsewhere, but I haven't seen them.
I've demo traded this method successfully and gone on to live. While the other knock on this is the links to Peters' course work, the book by itself is self-contained, in my opinion. Any additional courses are unnecessary if you can understand and apply the book.
Naked Forex is a great book so far. I started reading the book and I couldn't put it down. It is well written and unco plicated in it's core principal of trading naked.
These guys give a new trader three things he really needs: They also share some useful insights on trading psychology, but the three things above make it worth the price of admission for new traders.
Naked Forex is by far the most informative book on forex trading I've come across. Having read numerous books attempting to get started trading, I felt myself feeling frustrated and confused. I now have an excellent place to start and a strategy I am comfortable with. This is a good book but then quickly becomes an upsale for the monthly membership forum which leads to other products. The examples are good, names of some of the technicals are merely reworded from originals.
This book is pretty small, however, it covers the most necessary things you need to know for trading. I recommend this book to someone who looking for trading by price-action style, without indicators.
This is not just a how-to book. I love the fact that it also covers the most important part of trading, psychology. The author also stresses how important back-testing is. All contents make sense. If you would like to be the price-action trader, don't miss this book. See all reviews.
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Mastering the Trade by John Carter simply has to be a part of your Forex library due to the fact that it provides plenty of advice on how to bring your trading to a whole new level. It is well written and easy to understand regardless of your previous Forex market experience. So yes, this book is valuable to intermediate beginner Raghee Horner put an interesting task in front of her — she decided to record thirty days of trading in detail and give you a complete view as to what really happens in that time frame.
That is a very interesting approach to describe an actual life of a Forex trader and Thirty Days of Forex Trading is bound to be appealing to many readers who want to know more about this particular topic.
Technical analysis is an important ingredient in every successful trading strategy out there. It is closely connected to all styles and surely, a large number of traders find it more useful than the fundamental analysis.
Of course, it is useful to master both the technical and fundamental analysis and use them accordingly. If you are interested in technical trading, there is certainly a lot of Forex books that you can read. This one includes some new strategies that you have never heard of.
Useful guides on technical tools given in this book are certainly worth your attention. The New Technical Trader Tutorials on usage of every existing major indicator. More than 40 tables and charts that will help you understand technical trading.
Free 25 USD account from easy It is one of those websites which many Finq reviews will say is easy to understand and navigate. But as we all know, the website layout is just but a small factor which a trader must look into when in search of a good Forex broker.
In our Finq review, we are going to look into features such as regulation and licensing details of the broker, customer support, types of accounts and leverage. Eurozone is a monetary union of countries that use the euro as a currency. Currently, 19 out of 28 European Union countries are in the eurozone but others are required to adopt the common currency in the future. The remaining 9 countries have their own national currencies.
These include two Nordic countries as well: Denmark, along with the UK, is not obliged to adopt the currency in the future either. Seven English Premier League football clubs have entered into a deal with eToro.
Even though the firm offers a variety of trading accounts, no real information is provided on the difference in the actual trading conditions for the premier clients. According to the official website of the broker, ContinueFX which is also referred to as Continue Markets Limited is incorporated in St.
Vincent and the Grenadines as an International Broker Company. The registration number allocate Uniglobe Markets Forex broker has been around for some years now.