Trading the Forex Market can be exciting, adventurous, and financially rewarding. It can also be disastrous for many who are unprepared for its rhythms and movements.
Now, Jared F. Martinez, one of the most foremost experts in currency trading, draws upon his vast knowledge and experience to deliver 10 key practices for trading in Forex. The 10 Essentials of Forex Trading shows you how to use charting methods to effectively relate market movements to trading patterns-and turn those patterns into profit.
No matter your level of trading experience, you’ll be able to develop the skills you wish to have to turn out to be a consistently successful foreign currency trader-from the use of the right trading tools and balancing equity management to trading in buy and sell zones and identifying trends and trendlines. You can discover what drives the Forex market and how to navigate the three stages of Forex trading: acquiring new trading rules, controlling disciplined thought, and implementing disciplined action.
Martinez also prepares you to:
- Understand the financial game of reinforce and resistance between Bulls & Bears
- Use Japanese Candlesticks to discern the sign language of the market
- Create an entry strategy and a consistent exit strategy
- Use Fibonacci as part of your trading approach
- Forecast sideways movement in the market-and trade it
Martinez shows you how to put it all together to execute a successful trade by finding convergence and analyzing the market on multiple timeframes. You can also learn how to gain regulate over your emotions-a vital part of trading on Forex-and eliminate bad habits that can prevent you from becoming a confident, competent, and profitable trader.
To trade the Forex market, you will have to come to the trading table prepared. The 10 Essentials of Forex Trading arms you with the tools to develop a solid personal trading constitution and reap the financial outcome you desire.