ForeX Trading for Maximum Profit The Best Kept Secret Off Wall Street

by Horner, Raghee

• ISBN13: 9780471710325
• ISBN10: 0471710326
• Edition: 1st
• Format: Hardcover
• Copyright: 2004-12-27
• Publisher: WILEY

Summary

Take an in-depth, how-to look at Forex trading using the methods, analysis, and insights of a renowned trader, Raghee Horner.As the fate of the dollar against foreign currency generates both anxiety and opportunities, currency trading has been drawing much interest and a growing following among traders in the United States. The Forex market is particularly attractive because it trades with no gaps and has unlimited guaranteed stop-losses. The liquidity of the Forex market and worldwide participation makes for more reliable and longer lasting trends as well.Raghee Horner, legendary not only as a top Forex trader but as a master teacher of trading systems and techniques, draws on her winning tools and methods, including classic charting techniques, in this book. She'll enable you, regardless of your skill level as a trader or investor, to understand how the Forex operates and lays out a blueprint for getting starting in this little-understood but high-potential trading vehicle.

Author Biography

RAGHEE HORNER is an accomplished trader with more than fifteen years in the markets. Raghee is an international speaker who teaches her brand of technical analysis and charting strategies to students around the world. She has written more than 100 articles on investing, active trading, and market psychology. Her chart analysis and commentary have appeared on Trading Markets.com, JAGNotes, StockCharts.com and FXStreet.com.

Table of Contents

Introduction	ix
Trading ForeX	1	(6)
Getting Started	7	(4)
History Repeats Itself	11	(6)
The Major Players	17	(4)
Prime Trading Times	21	(4)
Reading ForeX Quotes	25	(4)
Tools of the Trading Game	29	(4)
How to Draw Trendlines	33	(10)
The Difference Between Major and Minor Trendlines	43	(4)
Fibonacci Levels	47	(8)
Visual Tools	55	(4)
Measuring Trends with CCI on Short- and Long-Term Charts	59	(6)
Trading Versus Investing	65	(4)
The Funnel Mindset	69	(4)
The Difference Between Scalping, Momentum, Swing, and Position Trading	73	(4)
Two Cornerstone Steps of Trade Setups	77	(6)
``Prep Work''	83	(6)
Three Classic Tools to a Three-Step Setup	89	(6)
Building a Trade	95	(10)
Rewriting Trade Management	105	(8)
A Trade Going Astray	113	(8)
Placing Your Orders	121	(6)
The Five Stages of Loss	127	(4)
Tips and Tricks of the Trade	131	(4)
News ``Discounting''	135	(4)
Charting the U.S. Dollar with Other Currencies	139	(6)
Raghee's Rules for Successful Trading	145	(6)
A Day in the Life of a ForeX Trader	151	(10)
Conversation with Raghee Horner	161	(10)
www.raghee.com	171	(4)
Glossary	175	(16)
About the CD-Rom	191	(4)
Index	195