DescriptionA 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.
Chapter 1. Trading Techniques.
Chapter 2. The ""Soft"" Elements of Style.
Chapter 3. Money Management.
Part II. Developing a Trading Codex.
Chapter 4. The Codex Notebook.
Chapter 5. The Codex Toolbox.
Chapter 6. Style.
Chapter 7. Money Management.
Chapter 8. Setting Up Your Trading Platform.
Part III. The Codex Method of Trading Forex.
Chapter 9. Tracking Markets.
Chapter 10. Selecting Markets.
Chapter 11. Making a Trade.
Chapter 12. Monitoring a Trade.
Chapter 13. Exiting a Trade.
Part IV. The Complete Forex Trader.
Chapter 14. Post Mortem and Record Keeping.
Chapter 15. Options and Options.
Chapter 16. The Dreams of Reason - To Be or Not to Be a Forex Trader.
Appendix A. Visual Basic Source Code.
Appendix B. How the FOREX Game is Played.