Trading Styles and Strategies | Forex Beginning - Forex for beginners

Trading Styles and Strategies

Clearly and simply the author explains the basics of technical analysis in terms that laymen can grasp and shows individual investors how to track the ups and downs of stock prices by visually comparing charts--instead of relying upon abstruse mathematical formulae and rarefied technical concepts.
The book is an excellent reference resource on technical analysis (TA). Clear, to-the-point descriptions on many technical indicators across all types - price patterns, candlesticks, trend analysis, oscillators, and so on and so forth. The author through his book provides enough information that you might not see the necessity for another book on technical analysis.
This truly forex book is an excellent instruction book on swing and day trading. The book very clearly explains the preparation for a typical trading day and the two strategies you can follow: fundamental or technical.
This forex book is an excellent resource for the trader who has moved beyond the basics. The book gives a good idea of what needs to be done at specific points in time. It doesn't just give you the tools to trade but also teaches you the right psychological attitude to forex trading. Clear cut money management and trading techniques to be applied in the fx market are included in the book. The strategy it teaches allows one to have work and still manage in the space of a half hour a day to do one’s analyses and place orders.
The book’s title includes ‘Learn to Make Millions’ – that’s a load of bullocks right there. You will definitely not learn to make millions because the book doesn’t teach that. In fact, the book will not teach any specifics (though, the author’s website and DVDs will do that… for a hefty fee!). The book reads like a huge term paper droning on and on about the superiority of trend following as a method of trading. If you’re not convinced that trend following works, buy the book. It will convince you. If you’re interested in a real clear-cut trend following strategy, buy the author’s other book – ‘The Complete Turtle Trader’.
This book has a lot of useful stuff all in one place – technical analysis, building and testing a trading system, psychology and emotional fortitude, day-trading, etc. At the end of each chapter, the author gives you pointers to reinforce the principle you have learned. Quite a readable trading book.
In this book, the author provides the principles of trading strategies that handle most of the forex market conditions. The book explains the playing field of the forex market with trading scenarios. It includes several very specific trading strategies - including the author’s own FX-Ed Trend Technique, which is for use in trending markets. Has some material on the behavioral aspects of currency trading.
An excellent book for Japanese Candlestick lovers by the man who brought the candlesticks to the West and into mainstream trading world. The books includes new techniques and strategies as well as the author’s concept of the Convergence (when a series of signals converge at one zone, thus increasing the chances for a market turn from that area).
Another excellent book by Steve Nison, the authority on Japanese candlestick patterns. From the basics through the more complex stages of pattern recognition, each chapter includes specific learning objectives, to-the-point instruction, key terms, and practical applications. At the end of each chapter there’s a quiz awaiting the learner.
A great classic by a one-of-a-kind Robert Prechter. Elliott Wave consists of 13 basic patterns. These patterns are formed by waves and/or market movements. All other things being equal (psychological maturity, experience), if you can learn to recognize this patterns, you could possibly make a good deal of money by been able to identify the next move.
You’ve heard of Bollinger Bands, right? Perhaps you are even using them on your forex trading platform? Well, here’s a good read by the man who came up with them. Mr. Bollinger includes his simple system for implementation, and techniques for combining bands and indicators.
An excellent book! The Fibonacci number series holds a Golden Ratio that is universally found in nature and used by architects, plastic surgeons, and many others to achieve “perfect” aesthetic proportions. In this book, Carolyn Boroden, a technical trading adviser, shows you how Fibonacci pattern studies can be used as an extremely effective method for achieving greater profitability in stocks, futures, and the forex market.
Another useful book on Fibonacci analysis. The book, it should be noted, is not for beginners. You must know technical analysis in order to understand the information in this book. Fibonacci analysis is one of the most popular technical analysis tools, yet it is often used incorrectly. Brown quickly clears up common misconceptions and moves on to show, step by step, the correct way to apply the technique in any market.
The author offers specific set-ups for futures, equities, forex spot and options, as well as preparation for the trading day, creating and executing a trading business plan, thoughts on how to improve your trading and even a self-evaluation tool to help traders hone in on the best markets to trade for their own personalities. The author refers the reader to his website for the indicator he mentions. You should know beforehand that the indicators are typically $400 to $600 each, or you can buy a package of them for $1500 to $2000.