Turning Losing Forex Trades into Winners Proven Techniques to Reverse Your Losses

by Greene, Gerald E.

• ISBN13: 9780470187692
• ISBN10: 0470187697
• Edition: 1st
• Format: Hardcover
• Copyright: 2008-06-23
• Publisher: Wiley

Summary

Turning Losing FOREX Trades Into Winners will help FOREX traders learn effective methods for dealing with trades that are in a losing position. First, it guides the trader through the various steps to determine if the trade is with or against the overall trend. Then, it explains how to determine when a trade should be closed or left open. It more specifically educates readers on how to enter a second trade at the appropriate time to take advantage of market swings to minimize the effect of the first trade that has gone bad. Readers will gain a better understanding of specific conditions that are prevalent in today's FOREX market, while hundreds of chart examples provide step by step instructions on how the professional trader recovers from losses using various charting tools.

Author Biography

Gerald E. Greene is Senior Vice President of Concorde Forex Group, Inc. He publishes a Forex commentary three times each day, during the London market hours, for Concorde Forex traders worldwide.

Table of Contents

Foreword	p. ix
Acknowledgments	p. xi
Introduction	p. 1
Trading Systems	p. 3
Trend Lines & Trend Walls	p. 19
Convergence & Divergence	p. 31
The Bad Trade	p. 37
Bad Trade Recovery	p. 47
Loss Recovery with MACD	p. 65
Loss Recovery with Stochastics	p. 81
Loss Recovery with Moving Averages	p. 109
Loss Recovery with Fibonacci Ranges	p. 135
Loss Recovery with Trend Lines	p. 167
Conclusion: Loss Recovery in Practice	p. 203
Ten Pips per Day	p. 217
About the Author	p. 219
Index	p. 221
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