Download or read book Scalping Success Strategies for Quick 15 Pips Trades written by Robert Carey and published by Independently Published. This book was released on 2023-12-10 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1.1 Overview of Scalping in Forex Scalping is a trading strategy characterized by its focus on making numerous small and quick trades to capture minor price fluctuations. In the fast-paced world of Forex, scalping aims to exploit short-term movements, often holding positions for a very brief duration, sometimes just seconds or minutes. The goal is to accumulate small profits consistently throughout the trading session. Example: A scalper might enter and exit multiple trades in a single hour, aiming to capture small price changes in currency pairs. 1.2 The Appeal of Quick 15 Pips Trades The appeal of quick 15 pips trades lies in the efficiency and frequency of profit generation. In the context of scalping, a pip is a standardized unit of movement in currency pairs. The ability to secure 15 pips swiftly represents a tangible and immediate profit, aligning with the overarching goal of consistent gains. The appeal extends to the notion that these trades, while small individually, can accumulate to significant profits over time. Example: If a scalper consistently captures 15 pips in each trade and executes multiple trades daily, the cumulative effect can lead to substantial profits. 1.3 Setting the Stage for Scalping Success Setting the stage for scalping success involves understanding the unique dynamics and demands of this trading style. Key considerations include: Technical Proficiency: Scalpers rely heavily on technical analysis, employing charts, indicators, and real-time data to make rapid decisions. A deep understanding of technical tools is paramount. Speed and Precision: Scalping demands quick decision-making and execution. Traders must act swiftly to enter and exit positions, requiring a combination of market intuition and precision. Risk Management: Given the high frequency of trades, effective risk management is crucial. Scalpers must set tight stop-loss and take-profit levels to control risk and ensure profitability. Market Liquidity: Scalping is most effective in highly liquid markets where order execution is seamless. Major currency pairs with tight spreads are often preferred by scalpers. Emotional Discipline: The fast-paced nature of scalping can evoke strong emotions. Traders must cultivate emotional discipline to stay focused, avoid impulsive decisions, and stick to their strategy. Example: A scalper, equipped with a solid understanding of technical indicators, executes trades with precision and adheres to a risk management plan, contributing to consistent success. As we delve deeper into the world of scalping, these introductory aspects lay the groundwork for understanding the strategy's nuances and the specific considerations necessary for achieving success in quick 15 pips trades.

Download or read book The 5 Pips Scalping Strategy for Busy Traders written by Robert Carey and published by Independently Published. This book was released on 2023-12-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scalping is a dynamic and fast-paced trading strategy within the Forex market that revolves around capturing small price movements for quick and frequent profits. In this guide, we delve into the nuances of a specific and time-efficient approach known as "The 5-Pip Scalping Strategy for Busy Traders." This introduction sets the stage for understanding the fundamental concepts, rationale, and practical applications of scalping in the context of a hectic schedule. 1.1 Overview of Scalping in Forex Scalping, as a trading methodology, involves executing numerous trades throughout a day to capitalize on small price fluctuations. Traders who employ scalping are often referred to as "scalpers." Unlike traditional trading strategies that may hold positions for days or weeks, scalping aims to secure minimal profit from each trade while minimizing exposure to market fluctuations. This section provides a comprehensive overview of the key characteristics of scalping. It explores the rapid decision-making process, the reliance on technical analysis, and the emphasis on short-term price movements. Scalping is particularly appealing to traders who thrive in a fast-paced environment and seek to leverage the inherent volatility of the Forex market to their advantage. 1.2 The Need for a Time-Efficient Strategy Amidst the demands of modern life, where time is a precious commodity, the need for a time-efficient trading strategy becomes paramount. The "5-Pip Scalping Strategy" is designed with busy traders in mind, acknowledging the challenges of juggling professional, personal, and trading responsibilities. This section outlines the reasons why time efficiency is crucial and introduces how scalping, with its quick execution of trades and minimal holding periods, aligns seamlessly with the lifestyle of busy traders. The efficiency of this strategy not only caters to time constraints but also offers an opportunity for individuals with limited availability to actively participate in the Forex market. By focusing on concise and rapid trades, traders can engage in the market, seek profits, and manage their positions without the need for prolonged monitoring. In essence, the introduction lays the groundwork for a detailed exploration of "The 5-Pip Scalping Strategy," emphasizing its relevance in the context of the time constraints faced by busy traders and providing a solid foundation for understanding the subsequent sections of this guide.

Download or read book The Profitable Scalper written by Heikin Ashi Trader and published by Dao Press. This book was released on 2020-05-30 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Profitable Scalper Four books in one! This volume contains 4 books. It gives a complete insight into the Heikin Ashi Trading method. Of these four books on scalping, over 40,000 copies have been sold worldwide since mid-2015. There are translations in German, French, Italian, Spanish, Portuguese, Japanese, Chinese, Russian, Turkish and Dutch. With this bundle you will receive the complete four scalping books, each of which costs $ 9.99. Book 1: Scalping Is Fun! The Complete Series Book 1: Fast Trading with the Heikin Ashi chart Book 2: Practical Examples Book 3: How Do I Rate my Trading Results? Book 4: Trading Is Flow Business Book 2: How to Scalp the Mini DAX Futures 1. The EUREX Introduces the Mini DAX Future 2. The German DAX, a Popular Market for International Traders 3. Advantages of Future Trading 4. The Heikin-Ashi Chart 5. What Is Scalping? 6. What is the Advantage of Being a Scalper? 7. Basic Setup of Heikin Ashi Scalping 8. Entry Strategies 9. Are Re-Entries Sensible? 10. Exit Strategies 11. Are Multiple Targets Sensible? 12. When You Should Scalp the Mini-DAX-Future (and When Not) 13. Useful Tools for Scalpers A. Placing Orders B. Open and Close Orders C. Managing Open Orders D. The Trailing Stop as a Profit Maximization Tool 14. Various Stop-Orders A. The Fix Stop B. The Trailing Stop C. The Linear Stop D. The Time Stop E. The Parabolic Stop F. Link Stop Orders G. Multiple Stops and Multiple Targets 15. On the Stock Exchange Money Is Made with Exit Strategies! 16. Further Development of Market Analysis A. Key Price Levels B. Live Statistics Book 3: Trade Against the Trend! Part 1: The Snapback Trading Strategy Chapter 1: Trade when the mass is afraid Chapter 2: Why I do not follow the trend Chapter 3: Mean Reversion Chapter 4: Risk Management Chapter 5: How do I recognize extreme movements? Chapter 6: Patience at the entry Chapter 7: Does the stop really protect me from heavy losses? Chapter 8: Trade Management Chapter 9: Exit Chapter 10: When do the best trading opportunities occur? Chapter 11: Why you should study the economic calendar Chapter 12: Which markets are suitable for the snapback strategy? Part 2: Trading Examples Chapter 1: Examples in the stock indices Chapter 2: Examples in the currency markets (Forex) Chapter 3: Examples in the stock markets Chapter 4: Examples in the commodity markets Glossary Book 4: Forex Trading: The Complete Series! Part 1: Two round number strategies Introduction Strategy 1: The round number strategy Strategy 2: The Stop Hunting Strategy Consider forex trading like a probability game Part 2: Two strategies with weekly pivots How to trade the weekly Pivots Strategy 1: Trade the Pivot Strategy 2: The “last 20 Pips” Strategy Should I change the parameters if trading is not going well? Part 3: Trading with the Weekly High and Low Introduction to trading with the weekly high and low Strategy 1: Chase the Weekly High and Low Strategy 2: Weekly High and Low Stretch Practical questions Part 4: Trade several strategies simultaneously 1. Why you should trade several strategies at once! 2. Less volatility in the capital curve 3. How many strategies should you trade simultaneously? 4. Is it possible to diversify, even with small accounts? 5. When should you start using leverage? 6. Forex trading is a business

Download or read book Splitting Pennies Understanding Forex written by Joseph Gelet and published by Lulu.com. This book was released on 2016 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Splitting Pennies - Understanding Forex is a book about our global financial system and its direct impact on every human being on this planet Earth. Every day, our money is worth less and less. Splitting Pennies explores why, through the prism of its mechanism; Forex. Forex is the largest business in the world and the least understood. This is not taught in school - start your journey, and just read. Splitting Pennies displays practical examples of how many have profited in Forex, the history of Forex, and practical examples of strategies to use for your portfolio. Readers of the book will know more than a Harvard MBA about Forex, and can consider themselves Sophisticated Forex Investors (SFI). Complex topics such as currency swaps are broken down in digestible form, for the average investor or for financial professionals. Splitting Pennies is a must read for those in investment banking, securities, fund management, accounting, banking & finance, and related fields. Splitting Pennies is perfect for: Students studying for Series 3 and Series 34 (as an addendum) University students studying international finance, portfolio management, investing Accountants & executives of public companies suffering from "Currency Headwinds" - and as an example of compliance with internal financial controls A client gift to learn more about the markets Forex traders who want some perspective Forex brokers looking for objective, unbiased information about Forex for their clients Banks, financial services firms, financial advisers, CPAs

Download or read book Scalping is Fun written by Heikin Ashi Trader and published by DAO PRESS. This book was released on 2016-03-16 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scalping is the fastest way to make money in the stock market. There is hardly a more effective method for increasing a trader’s capital. The Heikin Ashi Trader explains why this is so in this four-part series about scalping. In this third book, the Heikin Ashi trader answers the question of how the trading results of a scalper are analyzed and correctly evaluated. Based on the weekly results of a single trader, he examines what factors matter to having long-term success in the stock market. The analysis of the trading journal for 12 weeks allows an inside look at the learning curve of a budding professional. This highly effective scalping strategy applies to short time frames, such as the 1-minute chart, as well as longer periods. You can trade, using this universal method, in equity indices and in the currency markets. Typical instruments are futures, foreign exchange, and CFDs. Content: 1. The Trading Journal as a weapon 2. The first 12 weeks of a new Scalper - Week 1 - Week 2 - Week 3 - Week 4 - Week 5 - Week 6 - Week 7 - Week 8 - Week 9 - Week 10 - Week 11 - Week 12 3. How is Jenny doing now? 4. Scalping is a Business

Download or read book 7 Winning Strategies For Trading Forex written by Grace Cheng and published by Harriman House Limited. This book was released on 2010-04-19 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many traders go around searching for that one perfect trading strategy that works all the time in the global FOREX (foreign exchange/currency) market. Frequently, they will complain that a strategy doesn't work. Few people understand that successful trading of the FOREX market entails the application of the right strategy for the right market condition. 7 Winning Strategies For Trading Forex covers: - Why people should be paying attention to the FOREX market, which is the world's largest and most liquid financial market - How understanding the structure of this market can be beneficial to the independent trader - How to overcome the odds and become a successful trader - How you can select high-probability trades with good entries and exits. Grace Cheng highlights seven trading strategies, each of which is to be applied in a unique way and is designed for differing market conditions. She shows how traders can use the various market conditions to their advantage by tailoring the strategy to suit each one. This revealing book also sheds light on how the FOREX market works, how you can incorporate sentiment analysis into your trading, and how trading in the direction of institutional activity can give you a competitive edge in the trading arena. This invaluable book is ideal for new and current traders wanting to improve their trading performance. Filled with practical advice, this book is a must-read for traders who want to know exactly how they can make money in the FOREX market.

Download or read book The Complete Guide to Currency Trading Investing written by Martha Maeda and published by Atlantic Publishing Company. This book was released on 2011 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currency trading is the practice of exchanging one country's currency for another's. The foreign exchange (Currency, Forex, or FX) market is the largest trading market in the world -- exceeding $3.2 trillion every single day! Essentially, there are four variables involved: currencies, exchange rate, time, and interest rate. The relationships of these variables create opportunities for small investors to obtain investment returns that are unheard of in the traditional investment world. You owe it to yourself and your family to begin learning about currency trading. You can get started with just $100, and the investment can easily be managed in a part-time capacity, usually requiring a few hours on the Internet a week from your home or your office. Currency investments can provide you with a very high and secure rate of return, in some cases as high as 12 percent, 18 percent, 24 percent, or even 1,000 percent every year. This all sounds great, but what is the catch? There really is none. You just have to know what you are doing! This groundbreaking and exhaustively researched new book will teach you everything you need to know to get you started. In no time, you will be generating high-investment returns with low risk from start to finish. You will discover what currency trading is; how to invest in foreign currency; trading strategies and tactics; technological considerations; how to set up your account online; how to purchase currency online; day-trader insights; current trends; Pivot Programs; price projectors; futures predicting; trading software; and insider secrets to help you double or even triple your investment -- all while avoiding the traps and pitfalls that come with many other kinds of investments.

Download or read book Forex Conquered written by John L. Person and published by John Wiley & Sons. This book was released on 2007-04-18 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for FOREX CONQUERED "In this amazing book, John covers it all. From trading systemsto money management to emotions, he explains easily how to pullmoney consistently from the most complicated financial market inthe world. John packs more new, innovative information into thisbook than I have ever seen in a trading book before." —Rob Booker, independent currency trader "John Person is one of the few rare talents that are uniquelyqualified to help traders understand the process of successfultrading. With today's markets becoming increasingly challenging,John has cut right into the essentials and brought forward themuch-needed tools of forex trading. This clear and well-organizedpublication is a major step forward in helping traders gain anedge. I would highly recommend Forex Conquered as a valuablehandbook for both aspiring and experienced traders alike." —Sandy Jadeja, Chief Market Analyst and EditorLondon StockExchange, London, England "Forex Conquered is a bold title, but this book deliversthe tools needed for successful forex trading. There is no fluffhere, just the wisdom of a trading veteran that I have alwaysrespected-and followed." —Michael Kahn, Editor, Quick Takes Pro market letterand Columnist, Barron's Online "This is a wonderful, in-depth view into the explanation oftechnical analysis and prudent money management guidelines in theforex market." —Blake Morrow, President, 4XMadeEasy "Forex Conquered is a meaningful contribution to the growingnumber of books on forex trading. John Person provides aprofessional view of forex trading that readers will be able to useas a guide for strategies and tactics that work. The scope of thebook covers more than forex and includes salient aspects of futuresand option trading. It should be read and then re-read!" —Abe Cofnas, President, Learn4x.com Note: CD-ROM/DVD and other supplementary materials arenot included as part of eBook file.

Download or read book A Practical Introduction to Day Trading written by Don Charles and published by Cambridge Scholars Publishing. This book was released on 2018-11-14 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many individuals enter financial markets with the objective of earning a profit from capitalizing on price fluctuations. However, many of these new traders lose their money in attempting to do so. The reason for this is often because these new traders lack any fundamental understanding of financial markets, they cannot interpret any data, and they have no strategy for trading. Trading in markets is really about deploying strategies and managing risks. Indeed, successful traders are those who have strategies which they have proved to be consistent in granting them more financial gains than financial losses. The purpose of this book is to help a potentially uninformed retail trader or inquisitive reader understand more about financial markets, and assist them in gaining the technical skills required to profit from trading. It represents a beginner’s guide to trading, with a core focus on stocks and currencies.

Download or read book Scalping Trading A Precise Guide for Beginners written by The Financial Edits and published by by Mocktime Publication. This book was released on 2023-04-02 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scalping Trading - A Precise Guide for Beginners Chapter 1. Introduction to Scalping Trading: Defining the Strategy and its Objectives Chapter 2. The Fundamentals of Scalping: Key Principles and Terminology Chapter 3. Selecting the Right Markets for Scalping: Forex, Stocks, and Cryptocurrencies Chapter 4. Timeframes and Chart Types: Choosing the Best Combination for Scalping Success Chapter 5. Technical Indicators for Scalping: Moving Averages, RSI, and More Chapter 6. Price Action Techniques: Harnessing Candlestick Patterns and Support/Resistance Levels Chapter 7. Advanced Scalping Tools: Fibonacci, Pivot Points, and Market Depth Chapter 8. Risk Management in Scalping: Stop Losses, Position Sizing, and Drawdowns Chapter 9. Trading Psychology for Scalpers: Emotional Control and Decision-Making Chapter 10. Order Execution Techniques: Market Orders, Limit Orders, and Order Routing Chapter 11. Trading Platforms and Broker Selection: Essential Features for Scalpers Chapter 12. High-Frequency Trading vs. Scalping: Understanding the Key Differences Chapter 13. Algorithmic Scalping Strategies: Automating Your Trading Approach Chapter 14. Trade Management for Scalping: Entry, Exit, and Trade Adjustment Techniques Chapter 15. Mastering Scalping Trade Setups: Identifying High Probability Opportunities Chapter 16. Performance Metrics and Record Keeping: Tracking Your Scalping Progress Chapter 17. Adapting to Market Volatility: Strategies for Varying Market Conditions Chapter 18. Scalping in Sideways Markets: Capitalizing on Range-Bound Trading Chapter 19. Diversification and Portfolio Management for Scalpers Chapter 20. Combining Scalping with Other Trading Styles: Swing Trading, Day Trading, and Position Trading Chapter 21. Scalping Case Studies: Real-Life Examples and Lessons Learned

Download or read book 50 Pips a Day Forex Strategy written by Laurentiu Damir and published by Createspace Independent Publishing Platform. This book was released on 2017-09-07 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: 50 Pips A Day Forex Strategy Start making consistent profits in the forex market. This is a very clear and simple to follow forex trading strategy to get you started achieving consistent profits day after day trading the forex market. It will make you 50 pips per day or more every day. It is ideal for beginner traders but it will give a great deal of help to more experienced traders that have not found a clear strategy to make profits consistenly. Components Support and Resistance Candlesticks Moving Average Time frame - 4 hours chart It is easy to understand and to put in practice. It has very well defined entry, stop loss and exit levels. Apart from the strategy, this book also contains a very useful guide that teaches you how to construct a profitable forex trading system for yourself and how to avoid trading and money management mistakes. How to Build a Solid Trading System Are you new to forex trading or just started to trade on a live account but with not much success ? You need a solid forex trading system based on sound principles of the forex market, that has clear trading and money management rules. Do you have a forex trading system and you have been trading with it for a period of time but still you don't have the success you hoped for ? This can only mean that your trading system does not take into account the basic trading rules and principles that any powerful forex trading system incorporates. This book teaches you how to construct your own powerful forex trading system, what are the most important forex trading tools that you must include in it, what not to include in your forex trading system, how to apply solid money management rules and equaly important, how to avoid making trading mistakes that will cost you when you start to trade with your newly developed forex system.

Download or read book Elements of Trading written by Howard Bandy and published by . This book was released on 2016-09-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mastering the 50 Pips a Day Forex Strategy written by Robert Carey and published by Independently Published. This book was released on 2023-12-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Welcome to the world of Forex trading, where financial markets pulse with life and opportunity. If you've picked up this book, you're likely seeking a strategy that not only navigates the complexities of the currency markets but also empowers you to consistently achieve gains. In "Mastering the 50 Pips a Day Forex Strategy," we embark on a journey that transcends mere trading; it's a journey towards expertise, precision, and financial mastery. In the ever-evolving landscape of Forex, the quest for a reliable strategy is akin to navigating a vast ocean of possibilities. The allure of potential profits is matched only by the inherent risks. It's within this dynamic environment that the 50 Pips a Day strategy emerges as a beacon of clarity and purpose. This book is not just a guide; it's a comprehensive roadmap designed to elevate your understanding of Forex trading and equip you with the skills needed to master the 50 Pips a Day strategy. From laying the foundational principles of Forex to dissecting the nuances of this specific strategy, we'll explore every facet necessary for your success. We begin with the basics, ensuring that even those new to Forex can grasp the essentials. As we progress, we delve into the core components of the 50 Pips a Day strategy, dissecting its principles and unveiling the methodologies that underpin its success. Yet, this journey is not solely about strategy; it's about cultivating a mindset attuned to the demands of the market and honing the discipline required for consistent profitability. Throughout these pages, you'll find practical insights, real-world examples, and actionable steps that bridge the gap between theory and application. Risk management, technical analysis, and the psychology of trading are not mere chapters but integral elements interwoven into the fabric of this guide. Moreover, advanced techniques and adaptive strategies ensure that this book caters to traders at every level of expertise. As you immerse yourself in the pages that follow, consider this not just a manual but a mentorship-an opportunity to glean wisdom from the experiences of seasoned traders and to chart your course towards financial independence. The 50 Pips a Day strategy is not a promise of overnight success; it's a proven methodology that, when mastered, becomes a powerful tool in your trading arsenal. Embark with us on this expedition, where the destination is not just 50 pips a day but the mastery of a strategy that transforms aspirations into attainable realities. Whether you are a novice trader or a seasoned professional, the insights within these pages will guide you towards a deeper understanding of the Forex market and the strategies that can lead to sustained success. The journey to mastering the 50 Pips a Day Forex Strategy begins now.

Download or read book Forex Scalping Strategies for Beginners written by Robert Carey and published by Independently Published. This book was released on 2023-09-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Welcome to the exciting world of Forex scalping! If you're a beginner eager to dive into the world of currency trading, you've chosen an exhilarating and potentially rewarding path. Forex scalping is a trading strategy that offers a unique approach to profiting from the foreign exchange market. In this introductory guide, we'll walk you through the fundamentals of Forex scalping, providing you with the knowledge and insights you need to get started on your trading journey. **What Is Scalping in Forex?** Forex scalping is a trading technique that involves making quick, short-term trades in the currency markets. Scalpers aim to capitalize on small price movements that occur within seconds to minutes. Unlike traders who hold positions for hours or days, scalpers are in and out of the market swiftly, often executing dozens or even hundreds of trades in a single trading session. The essence of scalping lies in its focus on exploiting fleeting market opportunities. Scalpers use various technical indicators, chart patterns, and real-time data analysis to make rapid trading decisions. It's a high-speed, adrenaline-pumping approach to trading that requires precision, discipline, and a keen eye for detail. **Advantages of Scalping: ** 1. **Quick Profits: ** Scalping allows traders to accumulate small profits rapidly, potentially adding up to substantial gains over time. 2. **Reduced Risk: ** Scalpers minimize exposure to the market by holding positions for short durations, reducing the risk of significant losses caused by overnight market movements. 3. **Adaptability: ** Scalping can be applied to various currency pairs and can be tailored to suit different market conditions. 4. **Emotion Control: ** With quick trades and fast decision-making, scalping can help traders maintain emotional discipline. **Disadvantages of Scalping: ** 1. **Transaction Costs: ** Frequent trading leads to higher transaction costs due to spreads and commissions. 2. **Stressful: ** Scalping requires constant attention and quick decision-making, which can be mentally and emotionally demanding. 3. **Market Noise: ** Short-term price fluctuations can be influenced by market noise, making it challenging to identify genuine trading opportunities. 4. **Risk of Overtrading: ** The temptation to trade excessively can lead to overtrading and potential losses. **Is Scalping Suitable for Beginners?** While the potential for quick profits in scalping is enticing, it's essential to recognize that this strategy is better suited for traders with experience and a deep understanding of the Forex market. For beginners, it's advisable to start with less intense trading styles, such as day trading or swing trading, to build foundational skills and market knowledge. As you progress in your trading journey, you can explore scalping strategies, armed with a solid understanding of the markets and the discipline necessary to succeed in this fast-paced environment. This guide will serve as your starting point, providing you with valuable insights and strategies to embark on your Forex scalping adventure with confidence.

Download or read book Turning Losing Forex Trades into Winners written by Gerald E. Greene and published by John Wiley & Sons. This book was released on 2008-09-15 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: An effective way to reverse a trade's fortune Almost all trading books focus on "winning" trades. But winning trades can be hard to come by, especially when you're just starting out. Turning Losing FOREX Trades into Winners takes a look at this discipline from a different angle, examining effective methods for dealing with trades that are in a losing position. First, it guides the trader through the various steps of determining if a trade is with or against the overall trend. Then, it explains how to decide when a trade should be closed or left open. While this reliable resource is filled with in-depth insights and expert advice that will help readers gain a better understanding of today's FOREX market, it also contains hundreds of chart examples that will provide step-by-step instructions on how traders can recover from losses.

Download or read book Forex Patterns and Probabilities written by Ed Ponsi and published by John Wiley & Sons. This book was released on 2017-11-06 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: While most books on trading deal with general concepts and shy away from specifics, Forex Patterns and Probabilities provides you with real-world strategies and a rare sense of clarity about the specific mechanics of currency trading. Leading trading educator Ed Ponsi will explain the driving forces in the currency markets and will provide strategies to enter, exit, and manage successful trades. Dozens of chart examples and explanations will guide you each step of the way and allow the reader to "look over the shoulder" of a professional trader hard at work at his craft. This book provides traders with step-by-step methodologies that are based on real market tendencies. The strategies in this book are presented clearly and in detail, so that anyone who wishes to can learn how to trade like a professional. It is written in a style that is easy to understand, so that the reader can quickly learn and use the techniques provided.

Download or read book Forex Scalping Trading Strategies written by Thomas Carter and published by CreateSpace. This book was released on 2015-02-10 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you dissatisfied with amount of money you earn while dealing in forex? Forex traders looking to make quick bucks employ a method called forex scalping. They buy a certain currency and allow that position to stay only for a few seconds. In other words, they sell it almost immediately when the price goes up marginally. This is why forex scalping is also called quick trading. A forex trader is able to make small profits with each scalping trade, which can add up to a considerable amount. Learning how to trade profitably requires you to learn and master a few forex trading systems. The key to trading is becoming a master of a few trading strategies. Forex trading systems are important as they will provide you with structure, a set of rules and a plan to follow. This book will teach you some of the different types of forex scalping trading strategies and help you how to identify what makes the best forex trading system.