Forex Patterns & Probabilities: Trading Strategies for Trending & Range-Bound Markets (Wiley Trading)

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.

Rating: (out of 63 reviews)

List Price: $ 85.00
Price: $ 47.43

Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market (Wiley Trading)

The foreign-exchange market is often referred to as the Slaughterhouse where novice traders go to get ‘chopped up’. It is one of egos and money, where millions of dollars are won and lost every day and phones are routinely thrown across hectic trading desks. This palpable excitement has led to the explosion of the retail FX market, which has unfortunately spawned a new breed of authors and gurus more than happy to provide misleading and often downright fraudulent information by promising traders riches while making forex trading ‘easy’.

Well I’ll let you in on a little secret: there is nothing easy about trading currencies. If you don’t believe me then stop by Warren Buffet’s office and ask him how he could lose 0m betting on the dollar or ask George Soros why his short yen bets cost him 0m not once but twice in 1994. What’s wrong with these guys, don’t they read FX books?

In reality, the average client’s trading approach combined with the unscrupulous practices of some brokers make spot FX trading more akin to the games found on the Vegas strip than to anything seen on Wall St. The FX market is littered with the remains of day traders and genius ‘systems,’ and to survive in the long-run traders have to realize that they are playing a game where the cards are clearly stacked against them.

Have you ever had your stop hit at a price that turned out to be the low/high for the day? Bad luck perhaps? Maybe. What if it happens more than once? Do you ever feel like the market is out to get you? Well guess what, in this Zero Sum

• ISBN13: 9780470722084
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.

Rating: (out of 29 reviews)

List Price: $ 60.00
Price: $ 32.52

Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market (Wiley Trading) Reviews

Review by Sue:

Unlike most Forex books, this does not reiterate basic strategy and definitions. Rather, it assumes that the reader knows the basics, and concisely reveals how the Forex dealers can use those strategies against the reader. The author’s material corresponds well to common complaints from traders worldwide (check out Forex trader blogs at any website). The graphs are well-laid out, and helpful for elaborating on the counter-strategies described by the author. A quick read, but surely complex enough for re-reads. I cannot comment on whether the author’s strategies will indeed ensuring “beating the dealer” (have not tested them yet), but I think that revealing how the Forex establishment can take advantage of traders will make readers more cautious, and less trusting. Should be part of any advanced beginner’s library.

Review by Midnight Toker:

This is easily the most valuable book of the nearly dozen or so I’ve read. Have you ever wondered why the market moves against you when you follow text book technical set ups that every trading manual states you should? It’s because the brokers and dealers know you will and actively go after your position. It’s obvious to me now but before reading this book I didn’t know MY broker was out to aggressively take my money.

This book has given me a whole new view of forex trading and because of it I’ve stopped scratching my head and begun to make gains. I know the real game now and have adjusted my trading to take advantage of it.

Buy Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market (Wiley Trading) now for only $ 32.52!

The FX Bootcamp Guide to Strategic and Tactical Forex Trading (Wiley Trading)

A straightforward guide to trading today’s dynamic Forex market Written by Wayne McDonell, the Chief Currency Coach at FX Bootcamp, this book shows readers how to successfully trade the Forex market on their own. FX Bootcamp’s Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular technical indicators to formulate a comprehensive market strategy. Readers will then learn how to focus on using this information to create a tactical trading plan–one that will help them pull the trigger to get in and out of a trade. Along the way, McDonell takes the time to discuss the various challenges a Forex trader faces, such as greed, fear, loss, and isolation. As a Forex trader and educator of traders, Wayne McDonell knows what it takes to make it in the competitive world of Forex. And with FX Bootcamp’s Guide to Strategic and Tactical Forex Trading he shows readers how.

• ISBN13: 9780470187708
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.

Rating: (out of 68 reviews)

List Price: $ 70.00
Price: $ 40.69

How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life (Wiley Trading)

Solid Forex strategies for capturing profits in today’s volatile markets How to Make a Living Trading Foreign Exchange puts the world of Forex at your fingertips. Author Courtney Smith begins with an introduction to the Forex market-what it is and how it works. He then delves into six moneymaking techniques for trading Forex, including his unique Rejection Rule that doubles the profit of basic channel breakout systems. In addition to two specific methods for exiting positions at critical levels, Smith also discusses powerful risk management techniques and successful trading psychology strategies that will keep you one step ahead of the game. Reveals the secrets of the Forex market and how to create a lifetime of income trading it Offers advice on maximizing profits during the volatile swings that have increasingly become the norm Other titles by Smith: Option Strategies, Third Edition, Seasonal Charts For Futures Traders, Commodity Spreads, and Profits Through Seasonal Trading Make more from today’s Forex market with How to Make a Living Trading Foreign Exchange.

Rating: (out of 1 reviews)

List Price: $ 70.00
Price: $ 39.46

Essentials of Foreign Exchange Trading (Essentials Series)

This currency trading book provides readers with real, practical information on how to trade the foreign exchange market effectively. It begins by covering introductory information on the forex market, including basic trading mechanics and the benefits of forex trading, and then goes on to describe specific currency trading methods and skills in step-by-step detail. This includes highly practical information on technical and fundamental analysis, risk and money management, and powerful forex trading strategies. These strategies have proven extremely effective in helping traders play the forex game to win. JAMES CHEN, CTA, CMT (Montville, NJ) is Chief Technical Strategist at FX Solutions, a leading foreign exchange broker. An expert on forex trading and technical analysis, he is also a registered Commodity Trading Advisor (CTA) and a Chartered Market Technician (CMT). Mr. Chen writes daily currency analysis, leads forex trading seminars, and has authored numerous articles on currency trading strategy and technical analysis for major financial publications. These include Forbes.com, Futures Magazine, Technical Analysis of Stocks and Commodities Magazine, and Stocks, Futures and Options (SFO) Magazine.

• ISBN13: 9780470390863
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.

Rating: (out of 17 reviews)

List Price: $ 39.95
Price: $ 22.87

Survive And Prosper In The Great Depression Of 2009-2012: A Step-By-Step Guide To Amassing A Fortune Trading Foreign Currencies

Millions of Americans are this very moment facing the most frightening economic conditions since the Great Depression. However, a small but growing number are living worry-free, having learned a skill that will keep themselves and their families not only living in comfort, but prospering like never before! That skill is Trading Foreign Currencies. Once the private playground of the super-rich, trading currencies is now open to anyone with a little knowledge and at least 0 to open a trading account. With this book, author and long time forex trader J.J. “Jeff” Glenellis explains everything you need to know to immediately begin prospering as a forex trader. From finding a broker and setting up your first set of charts, to learning how to easily spot certain Trade Set Ups that instantly become profitable, you’ll learn enough in this informative and entertaining book to instantly begin earning extra money each week as a Forex Trader.

Rating: (out of 18 reviews)

List Price: $ 39.00
Price: $ 30.81

Survive And Prosper In The Great Depression Of 2009-2012: A Step-By-Step Guide To Amassing A Fortune Trading Foreign Currencies Reviews

Review by Cali Kid:

I had read several books on the subject before seeing Jeff Glenellis’ book. And I had spent the better part of a year trying to trade Foreign Currency Exchange (Forex) unsuccessully. There are many successful traders using any number of trading methods, and many of them offer books about it. But none ever offered to TEACH me their methods (even some to whom I paid significant sums of money) the way Jeff G does in his book.

I bought this book in an earlier revision, about a year ago (before it was available thru Amazon). So I have already become proftable using what he teaches in it. Jeff G presents several very concise trading methods in easy-to-follow language. He is also the only one I ever saw present an actual profit progression from compounding, where he has actually worked the plan and compounded a small initial startup into a significant sum of money.

But more important than any method, he teaches a great deal on how to properly manage the money in your trading account, to protect your capital. If you start with 00 in your forex broker account, yet you wipe it all away in a few losses, you lose. But with a good method, the right money management of your trading capital, some consistent work and a little old-fashioned discipline, you can start with as little as 0, and compound it all the way to M in less than three years — while drawing out an ever-increasing income every week along the way.

Further, many people “bait” you with an intial book, but once you buy it, then they start to bombard you with more stuff they have to sell, that has the “deluxe” or “really great” information. And once you buy that, they then proceed to offer you the “super-secret” stuff, and so on. Or they “bait” you with the inexpensive book, and then want to sell you thousands of dollars worth of “mentoring” (that turns out to be from people who don’t even do what they’re teaching). Jeff G has done none of that. Since I bought his book originally he has NEVER offered to sell me ANYTHING else extra. All the goods are in the one book.

And as to “mentoring”, for those who are interested, there is a one-time membership fee (of less than 0) to join his on-going service. Anyone can talk to him personally in the members-only room on most trading days. He actually does what he is teaching, does it most every day, and any member who wishes may join him there.

And even then, he has never asked for even one penny for anything else extra.

For those who wish to learn to trade the Forex successfully, I’ve never seen anything better at any price.

Review by David Dube:

I bought the online version of this guy’s book last year, and joined his so-called “Trade Call List”. I paid for this and all it ended up doing for me was make me lose 0 trading currencies.

His strategies are absurd and his suggestions are amateurish at best. Not only will you NOT get rich following what’s written down in this book, but you will most likely lose every penny you spend trying to implement his advice.

The strategies range from being vague and complicated and highly-discretionary, to being outright wrong and having no chance of ever working. The impression I got after more research was that he borrows bits and pieces of tactics from different places, information that has been around for a long time and puts them together as “his” strategy, without ever giving the complete picture. He always leaves out some important information that makes long-term success elusive.

As an example, the strategy involving the GBP/JPY breakout. This doesn’t appear to work in the long term. If you trade it the way he suggests, trading every single breakout every single night, you might make some gains, but you will more likely end up giving back all or most of these gains, especially if you use a 1:1 reward-to-risk ratio.

I say this because this is what happened to me. This is how I lost 0 trading currencies. The only way this might work is if you use a 2:1 reward-risk ratio, using 100 pips as your profit target, and 50 pips as your stoploss, and move your stoploss to breakeven after you gained 50 pips. If the market was willing to give you that on a consistent basis, this strategy might work.

But, even then, you have to be prepared for some severe drawdown months, especially in the summer(low-volume) months from June to August. The months I tried it in were July and August of last year, and I just kept having loss after loss after loss. The few wins I had were not enough to make up for the losses, and I ended up blowing through my entire account.

Another way it might work is if you were somehow able to predict how far your winners would go, and then “let these winners run”, as the saying goes.

Jeff said nothing about the risky summer months in advance. He only mentioned it after the fact, to subscribers of his “trade call” list. He also said nothing about the risk of drawdowns.

I have since read that it is better not to trade breakouts alone, in and of themselves. You should only trade breakouts which have a bias to them, bias meaning a pre-existing trend, and this trend should be of a certain strength. Not all trends are created equal. Not only that, but the channel that you are trading the breakout from has to be a certain size and a certain shape- the smaller and more narrow it is the better.

He says nothing about this in his book. I had to discover it on my own, after losing 0 following his advice.

After being on his list for awhile, I have discovered that he tries out different strategies in a haphazard fashion, all of which are highly untested, and all of which seem to lose money in the long-term. I haven’t made a dime following any of his recommendations.

The only good thing I can say is that I have gotten a few good ideas here and there from his book and list, ideas which were only mildly interesting and only somewhat helpful.

As far as making a million dollars in four years following his advice, it hasn’t happened to me and I doubt it will happen to you. This is what’s known as “hype”. My advice would be to take his book with a huge grain of salt.

At the very least, practice the strategies on a demo account for at least 3 months, before committing real money to them. Be certain that you ended the 3 months in profit. And, even then, be sure not to over-leverage yourself. From my experience I would suggest that you prepare for the worst-case scenario, and make sure that worst-case scenario would only wipe out a quarter(one-fourth) of your account. Even less than a quarter would be preferable.

The worst-case scenario, in my opinion, is losing 4 times in a row, 4 consecutive losses. You should make sure that losing 4 times in a row will only wipe out a quarter(one-fourth) of your total account balance. If you then lose again on the fifth try, reduce your trading size to one-half of what it was. Then try 10 more times. If you lose 10 more times in a row, stop trading for the month. Either try a new strategy or wait until another month and try again.

I think the following items are worth looking at:

The London Rush System.

My advice with this is to trade the first one that breaks out, when more than one is giving a signal. Use a 100-pip profit target and a 50-pip stoploss. Move your stoploss to breakeven when you’ve gained 50 pips. Make sure to use the included MT4 indicators and template. Also, I would stay away from a currency whose spread is more than 15 pips. I’ve been making a consistent 400 pips a month with this so far. MIG is the best MT4 broker to use with this because they carry all of the GBP-crosses, and they let you use their MT4 demo for free.

Forex Deal Butler

This one is really expensive, but it seems to be really good for daytrading. However, I have not yet tested it myself.

Solomon FX

They have tons of strategies which are apparently well-tested.

You can find these items by looking them up on Google or Clickbank.

Buy Survive And Prosper In The Great Depression Of 2009-2012: A Step-By-Step Guide To Amassing A Fortune Trading Foreign Currencies now for only $ 30.81!

Forex on Five Hours a Week: How to Make Money Trading on Your Own Time (Wiley Trading)

A top forex trader reveals how to ease into this market and excel Trading the forex market has become one of the most popular forms of trading, mainly because of its twenty-four-hour access and the fact that there is always a bull market available in this arena. But not everyone is interested in quitting their jobs and spending all day trying to make a living trading. That’s where Forex in Five Hours a Week comes in. This book shows readers how they can master a few techniques, focus their efforts on their choice of time frame, and profit in the forex market. Readers with a day job and little time to dedicate to the market will learn all they need to know to capture consistent profits

• ISBN13: 9780470436431
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.

List Price: $ 60.00
Price: $ 31.29

The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader (Wiley Trading)

A pioneer in currency trading shares his vast knowledge The Forex Trading Course is a practical, hands-on guide to mastering currency trading. This book is designed to build an aspiring trader’s knowledge base in a step-by-step manner-with each major section followed by a thorough question-and-answer section to ensure mastery of the material. Written in a straightforward and accessible style, The Forex Trading Course outlines a practical way to integrate fundamental and technical analysis to identify high probability patterns and trades; and reveals how to develop a trading plan and appropriate strategies for different size trading accounts; how to control emotions and use emotional intelligence to improve trading performance; and much more. Filled with in-depth insight and practical advice, The Forex Trading Course will prepare readers for the realities of currency trading, and help them evolve and achieve success in this dynamic market. Abe Cofnas (Orlando, FL) has been the forex trading columnist for Futures magazine since 2001. He formed Learn4x.com-one of the first Web-based interactive training sites devoted to forex trading in 2001 as well.

• ISBN13: 9780470137642
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.

Rating: (out of 8 reviews)

List Price: $ 60.00
Price: $ 32.60