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Currency Trading - An Introduction

The simplest definition of currency trading is the practice of exchanging one country's currency for another country's currency. Basically, currency trading involves four main variables: currencies, exchange rate, time, and interest rate. The...

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Friday, January 9, 2009

Forex Strategies

Title: Profiting with Forex
Authors: John Jagerson and S. Wade Hansen
Synopsis: PFX stands for Profiting with Forex, a fun book written by John Jagerson and S. Wade Hansen, with an accompanying website---www.PFXglobal.com.

The FX Bootcamp Guide

Title: The FX Bootcamp Guide to Strategic and Tactical Forex Trading
Author: Wayne McDonell
Synopsis: This book shows readers how to successfully trade the Forex market on their own. FX Bootcamp's Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular technical indicators to formulate a comprehensive market strategy

Friday, January 2, 2009

What should be done?

You should set your own trading guidelines and trade what you see. Forget about opinion, your own and especially that of others. Unless you are one of a very rare breed whose opinions are sufficiently good for trading, do not trade on them.

Make an evaluation based on the facts you have and then go with the trade. Just be sure you have a strategy for extricating yourself before losses become big. Had Kim stayed with her original strategy and stop placement, she would have ended up a happy winner instead of a regretful loser.

Money Management

There are some common mistakes I’ve seen traders make in the area of money management. First, let’s understand what money management is all about.

Money management overlaps with risk, trade, business, and personal management, yet it has many aspects that make it unique, distinctly different from all of the other areas of management. In this chapter we want to examine some areas of money management that seem to involve mental quirks leading to costly mistakes.

Rob Booker recommended reading (Q&A Session Transcript)

Title: Rob Booker recommends what Trading Books you should read.
Author: Rob Booker, Independent Currency Trader of www.Robbooker.com.
Topics: How to pick books that will help you?, How many strategies do you need? The 10 best books on trading and how .

Rob Booker recommended reading (Q&A Session Transcript)

Title: Rob Booker recommends what Trading Books you should read.
Author: Rob Booker, Independent Currency Trader of www.Robbooker.com.
Topics: How to pick books that will help you?, How many strategies do you need? The 10 best books on trading and how .

Title: The Swing Traders Bible: Strategies to Profit from Market Volatility Author: Mark Whistler and Matthew D. McCall Synopsis: The Swing Trader’

Title: The Swing Traders Bible: Strategies to Profit from Market Volatility
Author: Mark Whistler and Matthew D. McCall
Synopsis: The Swing Trader’s Bible provides traders with different strategies to capitalize on market fluctuations. The majority of the time, most markets move sideways, with no discernible long-term up or down.