Attacking Currency Trends How to Anticipate and Trade Big Moves in the Forex Market
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This book is perfect for starters. If you have already read some good books on forex trading then you will not find anything new in this book. You will also encounter breakout trading if you catch hold of the initial trend based on various strategies in this book. This is truer under the present circumstances.
All in all, this a good book for beginners. If you are looking for basic information on forex trading that consist of fundamental as well as related technicalities, then this book is a must read for you.
Attacking Currency Trends by Greg Michalowski
Attacking Currency Trends: How to Anticipate and Trade Big Moves in the Forex Market is the first trading book by the expert trader Greg Michalowski. While there are tons of Forex books about
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Product Description
The guide for reading long-term trends in the foreign currency market
To thrive in the marketplace traders must anticipate, enter, and stay with trends in the foreign exchange market.
In this much-needed guide top forex, expert Greg Michalowski clearly explains the attributes of successful traders, and shows how traders can set themselves up for success by drafting an explicit mission statement and game plan. The book also contains the tools and techniques traders need to read the markets and identify when a market is in a trend. Michalowski shows traders how to enter an emerging trend, how to manage the position, and how to exit the position most effectively.
- Includes the technical tools needed to invest in the foreign exchange market: moving averages, trendlines, and Fibonacci levels
- Shows how to identify a trend and stick with the trend through its duration
- Written by Greg Michalowski who was cited by SmartMoney magazine as a "go to" source for making money moves
With this book, Michalowski offers an important resource for identifying and riding out long-term trends in the volatile foreign currency.
From the Inside Flap
Making money while limiting risk is something every good trader strives to do. But in order to achieve this goal you need a firm understanding of financial markets, as well as the tools that will allow you to effectively apply sound trading strategies in them.
Nobody understands this better than author Greg Michalowski—a market veteran who has spent the last ten years with retail forex brokerage company FXDD—and now, with Attacking Currency Trends, he shares his experience in this field with you. Following a step-by-step approach and progressing in a logical manner, this practical guide will help swing trading results in your favor by showing you how to better anticipate and attack the trend in currencies.
Divided into two comprehensive parts, this reliable resource opens with a detailed discussion of how to build a solid foundation for your currency trading. Here, you'll become familiar with the attributes of all successful traders and discover the essential characteristics of retail currency traders. Along the way, you'll also be introduced to specific elements that will allow you to excel in attacking forex trends—namely a mission statement, a game plan, and rules.
After explaining how to develop a solid foundation, the book transitions into the technical tools and strategies used to anticipate and manage forex trends, define risk, and control fear. You'll gain valuable insights into three main charting tools—moving averages, trend lines and remembered lines, and Fibonacci retracements—and learn why successful currency traders look at short-, intermediate-, and long-term time periods equally and trade using all three. Relevant examples are also included, highlighting how trading does not always have to be complicated.
Success in currency trading, as in any business, is based on building the right foundation and using the proper tools. Combining his years of trading experience with his knowledge of retail traders and the nuances of the currency market, Greg Michalowski has created an accessible trading guide that will help you minimize risk, keep fear in check, and capture consistent profits in today's dynamic currency market.
Product Details
- Ebook: 287 pages
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Publisher: Wiley; 1 edition
- Language: English
- ISBN-10: 0470874384
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ISBN-13: 978-0470874387Digital Delivery : Shared Through Google Drive/Mega
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Attacking Currency Trends How to Anticipate and Trade Big Moves in the Forex Market
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