Getting Started in Forex Trading Strategies

by Archer, Michael D.

• ISBN13: 9780470073926
• ISBN10: 0470073926
• Edition: 1st
• Format: Paperback
• Copyright: 2007-11-09
• Publisher: Wiley

Summary

A Highly Visual Guide To Developing A Personal Forex Trading Strategy Getting Started In Forex Trading Strategies "A great next step to read for the beginning trader. It contains practical advice and resources on trading FOREX that only come with experience." -Derek Ching, President, Hawaii Forex "We have members from over 125 countries on our Web site and plan to make Getting Started in ForexTrading Strategies a 'must read' for those looking to trade the FOREX market. It is good to see a book that emphasizes the importance of other elements, such as money management, which are crucial to master if one is to stay in this game. Well done!" -Jay Meisler, cofounder, Global-View.com Written in a straightforward and accessible style, Getting Started in Forex Trading Strategies is a highly visual guide to foreign exchange trading that introduces you to the Codex Method-a proven process that allows you to tailor a trading strategy to your own personal preferences. Divided into four comprehensive parts, this reliable resource opens with a brief overview of traditional FOREX strategies. From here, author Michael Duane Archer outlines his own personal codex-as he guides you through the process of developing yours-and reveals how to use this approach to make, monitor, and exit a trade. Along the way, Archer reveals the best ways to implement your strategy and discusses the importance of consistently keeping trading records. In his previous book, Getting Started in Currency Trading, Archer set a solid foundation for trading the currency market by illustrating how it operated. Now, with Getting Started in Forex Trading Strategies, Archer goes a step further by showing you how to cultivate a personal trading strategy that will allow you to succeed within this dynamic environment.

Author Biography

Michael Duane Archer has been an active commodity futures and FOREX trader for over thirty years. He has worked in various advisory capacities, notably as a commodity trading advisor and an SEC-registered investment advisor. Archer operates www.fxpraxis.com and is a professional FOREX money manager. He is also the coauthor of Getting Started in Currency Trading, The Forex Chartist Companion, and Charting the Major Forex Pairs, which are all published by Wiley.

Table of Contents

Traditional Elements of Forex Strategy

Trading Techniques

The "Soft" Elements of Style

Money Management

Developing a Trading Codex

The Codex Notebook

The Codex Toolbox

Style

Money Management

Setting Up Your Trading Platform

The Codex Method of Trading Forex

Tracking Markets

Selecting Markets

Making a Trade

Monitoring a T

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