DescriptionAn effective way to reverse a trade's fortune
Almost all trading books focus on ""winning"" trades. But winning trades can be hard to come by, especially when you're just starting out. Turning Losing FOREX Trades into Winners takes a look at this discipline from a different angle, examining effective methods for dealing with trades that are in a losing position. First, it guides the trader through the various steps of determining if a trade is with or against the overall trend. Then, it explains how to decide when a trade should be closed or left open. While this reliable resource is filled with in-depth insights and expert advice that will help readers gain a better understanding of today's FOREX market, it also contains hundreds of chart examples that will provide step-by-step instructions on how traders can recover from losses.
Chapter 1. Trading Systems.
Chapter 2. Trend Lines & Trend Walls.
Chapter 3. Convergence & Divergence.
Chapter 4. The Bad Trade.
Chapter 5. Bad Trade Recovery.
Chapter 6. Loss Recovery with MACD.
Chapter 7. Loss Recovery with Stochastics.
Chapter 8. Loss Recovery with Moving Averages.
Chapter 9. Loss Recovery with Fibonacci Ranges.
Chapter 10. Loss Recovery with Trend Lines.
Conclusion. Loss Recovery in Practice.
Appendix. Ten Pips per Day.
About the Author.