Numerous books have tried to capture the essence of Elliott Wave theory, but they either made Elliott more complicated than it needed to be, or, in an effort to overcome the perceived complexity of analysis using Elliott, oversimplified the process.
In Applying Elliott Wave Theory Profitably, author and Elliott Wave expert Steven Poser takes a fresh approach to this proven trading strategy, giving you the most well-rounded and straightforward lesson on how to make money using Elliott Wave theory. Drawing from his many years of Elliott Wave experience, Poser:
- Explores how and why technical analysis works, and shows you where Elliott Wave theory fits into that picture
- Reveals each of the basic and advanced patterns that the market might trace out and discusses the market conditions that typically produce these patterns
- Outlines how to build an efficient trading plan
- Illustrates how to continuously update your plan in real time as the market provides you with further information by way of a constant stream of prices, volume, and news
- Examines how to review the market from multiple time frames, so you know what degree of price retracements to expect, as well as what your risks and rewards may be
Written in a clear, easy-to-understand manner, Applying Elliott Wave Theory Profitably is a thorough and essential resource for any trader looking to better understand a proven trading strategy and boost their bottom line.
7 Winning Strategies for Trading Forex: Real and Actionable Techniques for Profiting from the Currency Markets
by Grace Cheng
This book is for new forex traders. Well written and really looks at the basics and overall picture, helps deal with money management, as this is something lacking in many books. This book might be advanced if you are trying to learn about this from scratch and have had no experience at all.
Many traders go around searching for that one perfect trading strategy that works all the time in the global FOREX (foreign exchange/currency) market. Frequently, they will complain that a strategy doesn’t work. Few people understand that successful trading of the FOREX market entails the application of the right strategy for the right market condition.
7 Winning Strategies For Trading Forex covers:
Why people should be paying attention to the FOREX market, which is the world’s largest and most liquid financial market – How understanding the structure of this market can be beneficial to the independent trader – How to overcome the odds and become a successful trader – How you can select high-probability trades with good entries and exits. Grace Cheng highlights seven trading strategies, each of which is to be applied in a unique way and is designed for differing market conditions. She shows how traders can use the various market conditions to their advantage by tailoring the
Anyone can trade forex, but not every one can be profitable.
by Kathy Lien
Written by Kathy Lien—chief strategist for the number one online currency broker in the world—Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency market, and provides a detailed look at how this market actually works. It contains actionable information and strategies, which can help you enter this highly competitive arena with confidence and exit with profits.
Well I’ll let you in on a little secret: there is nothing easy about trading currencies. If you don’t believe me then stop by Warren Buffet’s office and ask him how he could lose $850m betting on the dollar or ask George Soros why his short yen bets cost him $600m not once but twice in 1994. What’s wrong with these guys, don’t they read FX books?
In reality, the average client’s trading approach combined with the unscrupulous practices of some brokers make spot FX trading more akin to the games found on the Vegas strip than to anything seen on Wall St. The FX market is littered with the remains of day traders and genius ‘systems,’ and to survive in the long-run traders have to realize that they are playing a game where the cards are clearly stacked against them.
Have you ever had your stop hit at a price that turned out to be the low/high for the day? Bad luck perhaps? Maybe. What if it happens more than once? Do you ever feel like the market is out to get you? Well guess what, in this Zero Sum game it absolutely is.
Covering the day-to-day mechanics of the FX market and the unsavoury dealings going on, Beat the Forex Dealer offers traders the market-proven trading techniques needed to side-step dealer traps and develop winning trading methods. Learn from an industry insider the truth behind dirty dealer practices including: stop-hunting, price shading, trading against clients and ‘no dealing desk‘ realities.
Detailing the dealer-inspired trading techniques developed by MIGFX Inc, consistently ranked among the world’s leading currency trading firms, the book helps turn average traders into winning traders; and in a market with a 90% loss rate winning traders are in fact quite rare! More than just a simple manual, Beat the Forex Dealer brings to life the excitement of the FX market by delivering insights into some of the greatest trading triumphs and highlighting legendary disasters; all written in an easy to read style.
Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves
by Kathy Lien
Discover a variety of technical and fundamental profit-making strategies for trading the currency market with the Second Edition of Day Trading and Swing Trading the Currency Market. In this book, Kathy Lien–Director of Currency Research for one of the most popular Forex providers in the world–describes everything from time-tested technical and fundamental strategies you can use to compete with bank traders to a host of more fundamentally-oriented strategies involving intermarket relationships, interest rate differentials, option volatility, news events, and central bank intervention.
After an engaging introduction to how the foreign exchange market has evolved over the last few years and a look at some of its historical milestones, this book quickly moves on to address the innovative trading insights that will enhance your profitability within today’s FX market. Page by page, you’ll becomefamiliar with:
- New technical trading strategies, which include how to trade news, effectively time market turns, and capture new shifts in momentum
- Proven fundamental trading strategies, which involve trading off commodity prices, fixed income instruments, and option volatilities; as well as intervention-based trades and macro event-driven trades
- The unique characteristics of each major currency pair—from when they are most active to what drives their price action
- Trading through different market conditions, by first profiling a trading environment and then applying specific indicators for that environment
- And much more
Both informative and accessible, the Second Edition of Day Trading and Swing Trading the Currency Market goes far beyond what other currency trading books cover. It delves into consistently critical questions such as “What Are the Most Market-Moving Indicators for the U.S. Dollar” and “What Are Currency Correlations and How to Use Them,” while touching on topics like “How to Trade like a Hedge Fund Manager” and “The Impact of Seasonality in the Currency Market” that could give you a distinct edge in this competitive arena.