The Art of Forex Trading: Advanced Chart Reading and Trade Setups

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  • Format: Paperback
  • Copyright: 5/18/2016
  • Publisher: John Wiley & Sons Inc

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Advanced techniques for trading today's forex market Trading the financial markets is extremely difficult, because they tend to move in a random fashion. But as they fluctuate in value, certain patterns recur. By identifying those patterns and developing a disciplined trading strategy based on them, you can generate consistent profits. The Art of Forex Trading will help you achieve this goal by describing an advanced style of forex market analysis and detailing a variety of original trade set ups. It addresses both conventional and lesser-known chart patterns, showing you how to detect a pattern as it unfolds and place effective trades with this information. And with each pattern, the author provides rules for entering the market, taking profits, and cutting losses. Information on how much money to risk for any given trade is also included to help increase your chances of long-term success. Patterns covered include triangles, channels, diamonds, combs, forks, flat surfaces, gaps, rounded tops and bottoms, and head and shoulders Offers practical guidance for both long-term trading and day trading Provides insights on how much money to risk for any given trade While the markets are ultimately unpredictable, recurring patterns provide the basis for profitable trading. This reliable resource will show you how to take advantage of this occurrence and make the most of your time in today's forex market.

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