The RDS Forex System A Breakthrough Method To Profiting from Market Turning Points

by Radkay, Michael; Radkay, Stephanie

• ISBN13: 9781118096680
• ISBN10: 1118096681
• Format: Hardcover
• Copyright: 2012-03-20
• Publisher: Wiley

Summary

The RDS Forex System will provide forex traders with a unique system for identifying support and resistance zones in the foreign currency market and developing profitable trading strategies around those zones. The system uses market volatility, momentum, and chart patterns to calculate support and resistance zones. As prices reach a specific zone objective, trading strategies are put in place to profit from the next movement. The system gives traders and continuous sense of the markets directional bias, identifies potential turning points, and provides levels to take profits off the table. The system is essentially a computer-based, longer term application of the methodology used by many successful pit traders, which is the environment where the author learned to trade. The uniqueness of the system is in its use of a variety of indicators to identify support and resistance areas and the strategies employed to profit from market swings. The system is ideal for retail traders actively trading the forex market.

Author Biography

MICHAEL RADKAY is founder and President of the trading education company, RDS Trader LLC. He has been a frequent contributor for the CME Group, Trader Kingdom, Forex Connect, FX Instructor, and Traders Coach. In early 2010, Mike and his wife, Stephanie, built the DTI-FX division. Radkay offers his experience and skills as a futures/forex trader, broker, mentor, and CBOT/CME Group (acronym "RDS") and NFA (#0250761) member to his clients. The proprietary method taught to his students is known as the Rotating Directional System (RDS). This method has helped him achieve success specifically as a trader and generally in all aspects of investing. Visit his website at rdstrader.com.

STEPHANIE RADKAY joined the trading pits of the Chicago Mercantile Exchange in 1990 as a clerk for a major international options and futures firm. In 1993, she began her broker career as the only woman in the Major Market Index Futures pit and one of a handful of women in the S&P 500 for three years. In 2000, she decided to take a break from trading and, in 2008, returned to her love for the trade and to help build RDS Trader, the screen trading education company her husband, Mike was building. Stephanie is known as "TIGR" to her fellow traders and brokers at the Chicago Mercantile Exchange, and brings her experience and knowledge of trading, teaching, and managing stress to all of her clients.

Table of Contents

Preface	p. ix
Acknowledgments	p. xiii
Introduction to Today's Forex Market	p. 1
Comparing Forex to Other Markets	p. 13
Finding the New Edge	p. 19
The Long and Short of Fundamental Analysis	p. 35
Price Never Lies	p. 47
Play at Peak Times	p. 61
Preparing for Known Events	p. 75
Risk Tolerance and Developing a Feel for Price Movement	p. 87
Why Technical Analysis Works	p. 109
Defining the Rotating Directional System	p. 123
Putting It All Together	p. 159
Evaluating Your Performance	p. 197
Resources	p. 215
About the Authors	p. 217
Index	p. 219
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