Forex Books - page 34

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Markos Katsanos, "Intermarket Trading Strategies" : the book

This book shows traders how to use Intermarket Analysis to forecast future equity, index and commodity price movements. It introduces custom indicators and Intermarket based systems using basic mathematical and statistical principles to help traders develop and design Intermarket trading systems appropriate for long term, intermediate, short term and day trading. The metastock code for all systems is included and the testing method is described thoroughly. All systems are back tested using at least 200 bars of historical data and compared using various profitability and drawdown metrics.
 

Valerii Salov, «Modeling Maximum Trading Profits with C++: New Trading and Money Management Concepts» : the book

The goal of trading is to make money, and for many, profits are the best way to measure that success. Author Valerii Salov knows how to calculate potential profit, and in Modeling Maximum Trading Profits with C++, he outlines an original and thought-provoking approach to trading that will help you do the same. This detailed guide will show you how to effectively calculate the potential profit in a market under conditions of variable transaction costs, and provide you with the tools needed to compute those values from real prices. You'll be introduced to new notions of s-function, s-matrix, s-interval, and polarities of s-intervals, and discover how they can be used to build the r- and l-algorithms as well as the first and second profit and loss reserve algorithms. Optimal money management techniques are also illustrated throughout the book, so you can make the most informed trading decisions possible. Filled with in-depth insight and expert advice, Modeling Maximum Trading Profits with C++ contains a comprehensive overview of trading, money management, and C++. A companion CD-ROM is also included to help you test the concepts described throughout the book before you attempt to use them in real-world situations.
 

Better Trading : Money and Risk Management (Guppy Trading) : the book

This is a vital skill which traders have to learn in order to manage their trading capital effectively and continue to trade.

Choosing the right trading style Using risk management to improve returns Protecting capital and profits Better ways to add to winning trades Using trend risk to boost profits Understanding diversity to improve performance.

Risk is also considered in detail. Whole books have been written on this subject as it is a very important concept to grasp. Most trading decisions are weighed up on a risk/return basis.

If you don’t understand risk, you will not maximise your returns.

Money management is the key to better trading. The methods applied by institutions, banks and mutual funds do not work effectively for smaller trading and investment accounts. When we trade with a account size of $50,000, or $100,000, or $500,000 we need to apply different money management strategies. Better Trading presents and compares a number of these strategies. They are all linked to Excel spreadsheets which are available as the Better Trading pak.

"If 100 people intend to start trading, only 20 will succeed and survive - the rest are long-term investors'... Daryl Guppy
 
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Better Trading : Money and Risk Management (Guppy Trading) : the book

Risk is indeed inevitable. Understanding it is very crucial for a trader to develop a risk and money management methods aimed at maximizing the return. Thanks for sharing.

 

Michael Jardine, "New Frontiers in Fibonacci Trading: Charting Techniques, Strategies&Simple Applications" : the book

Traders caught at the crossroads of traditional, proven, trading techniques - and new online tools and methods - have struggled to find a way of blending the two together into a unified trading system. Now, the marriage of the methods is complete, and brought into sharp focus in New Frontiers in Fibonacci Trading. This groundbreaking new work combines the foundations of Fibonacci trading with classic charting techniques, modern applications, and cutting edge online analysis tools.

Author Michael Jardine is a dedicate student of the markets, and active trader and founder of Enthios.com - a free web site offering an open exchange of trading ideas and a wealth of technical trading tools which he's made accessible to all investors. His years in the trading trenches - and the feedback he gets regularly from his Enthios.com trading community - has taught him the most practical ways to apply time-tested methods to an ever-changing market.

Michael has gone beyond his role as "student" of the markets - becoming a gifted teacher in the process. He has not only mastered traditional charting and timing techniques - he's developed new methods of his own by adopting Fibonacci fundamentals to the online trading arena in which today's trader must operate for maximum advantage. He's broken down his process into an understandable 5-part "system" which encompasses…

- The Building Blocks of Price Action - market structures, retracement patterns and Fibonacci basics

- Practical Fibonacci Applications - featuring original new applications explained in simple terms

- "ChartWorks" - a comprehensive charting section featuring indicators, case-study trades, chart-reading tips - and more

- Building Good Trading Habits - 3 key steps for making rational, unemotional decisions and maintaining a steady, clear-headed focus throughout the trading day - even when the market is giving off mixed messages

- Enthios RealTime - Puts all the pieces together, and introduces new methods that form the core of his own propriety "Objective Method Trading System"

In layman's terms, providing the guidance of a thoughtful, patient teacher, Michael presents concepts you can easily implement. Including:

- How to enter and exit a trade with limited risk

- New and original Fibonacci methods that have evolved with the advent of online, real-time trading

- Jardine's 3 Laws of Successful Trading

- How to execute a trade when the signals are mixed or conflicting - rather than under "model" conditions

- Developing a system that does not require you to predict how the market will perform - or worry about when the breakout will occur.

With detailed charts and graphics throughout, each chapter illustrates real trading situations, setups, and solutions. Michael has fused cherished trading concepts and Fibonacci basics with his own experiences in online, real-time trading. The result is a thorough new primer that shows you how to trade with greater success - on a consistent basis.

 

The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach By Markus Heitkoetter : the book

Learn the Art of Day Trading With a Practical Hands-On Approach

Do you want to be a day trader?

Every day, millions of dollars change hands in the markets, presenting the perfect opportunity for people just like you to make significant money and profits through the art of day trading.

But here's the question: is day trading right for you? And, if it is, how do you get started?

In his new three-part guide, professional day trading coach Markus Heitkoetter lays out a simple, proven system for trading success. From the basic essentials of trading to the actual process of making money in the markets, he'll cover it all.

• What You Need To Get Started: The Tools, The Methods, The Mindset

• Finding the Best Market to Trade: Futures, Forex, Stocks, or Options

• A 7-Step Approach to Developing Your Own Profitable Trading Strategy

• The 10 Power Principles of Successful Trading Strategies

• Avoiding The 7 Common Mistakes of Traders

• Get Started Without Risking A Single Penny

• Ready-To-Use Trading Plan Templates, Checklists, Resource Directories, & More

Loaded with easy-to-use information, proven and reliable strategies and guidelines, and a practical hands-on approach to the industry, The Complete Guide to Day Trading is your own personal manual to success in the markets.
 

I am not quite sure if this can be also categorized as a Forex book but it tackles the benefits of Forex currency trading and many other subjects about Forex trading. I just want to share this out because I've been reading this for more than two days now. I am just thinking that it can help to new learners too.

 

Terri Duhon, "How the Trading Floor Really Works" : the book

Is the trading floor really the Wild West? Do banks’ trading floors have a purpose or are they relics of the past in the brave new world of finance post crisis? Trading floors have always fascinated people, but few understand the role they play in the world of finance today. The dynamics of the trading floor are a microcosm of the global markets. Understand these dynamics and better understand the dynamics of global financial markets.

The book is the perfect starting place for anyone who wants to understand financial markets. It clearly explains how the financial markets work and what the purpose of the bank and the bank trading floor is, using clear examples. The book puts the bank’s role in the financial markets in context, explains what really happens on the fabled trading floor and helps to interpret the conversations and the roles and responsibilities of the key players. It is also the ideal companion for any financial market professional not sat on the trading floor, with chapters detailing the roles of quants, risk managers and clients and going into the details of prop trading, market making and derivative trading.

How The Trading Floor Really Works covers what most academic books don’t by focusing on key individuals on the trading floor and walking through some common financial markets transactions. It also clarifies the role of the trading floor itself and sheds light on the opaque terminology. In this book, Terri Duhon uses her personal experience of the trading floor to decipher and translate the world of financial markets.

Important questions this book answers include:

Who are the key players on the trading floor and what are their roles and responsibilities?

Who are the clients and do they really need the services the trading floor provides?

How does the client understand their risk and know when the price is right?

How does all this impact global financial markets?
 

Larry Spears, "Swing Trading Simplified" : the book

As an avid swing trader and educator myself, I find that this book communicates the essence of swing trading in a simple and straightforward way. It describes the tools necessary to identify swing-trading opportunities, and explains the guidelines needed to implement this strategy. Filled with innovative and important trading techniques, it is a great asset to beginner and experienced swing trader alike."- Larry Swing, MrSwing.comLearn the basics - or refine your skills - with this fast-reading swing trading primer. With a foreword by the popular 'MrSwing.com" - this new guide from Larry Spears makes the powerful swing trading concepts more accessible and easier to implement than ever.As traders increasingly seek a sensible balance between the high-risk world of day trading and the long-term 'buy and hold" crowed - swing trading has grown in prominence. Advances in computerized charting, online order processing and readily available market analysis have helped turn swing trading into the leading strategy for today's active trader. Now, learn to make this lucrative strategy work for you in simple, practical terms. A true asset to even the most experienced market player, you'll discover:- What swing trading is - and why it works- How to identify which stocks to swing trade - Entry and exit points to maximize profits, and minimize risk- The Master Plan - step-by-step rules to increase profitability- Key analytical and online tools you can use to enhance your swing trading success, and so much more.The best part? With Swing Trading Simplified in hand, you'll be able to implement your own profitable program without being glued to your monitor. Simply pick your position, enter a close, and a protective stop, and go back to your day - it's that easy! Add or restore vitality to any investment program - using the simplified techniques found in Swing Trading Simplified.
 

Al Brooks, "Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader" : the book

A detailed guide to profiting from trend reversals using the technical analysis of price action.

The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks has done just that. By simplifying his trading system and trading only 5-minute price charts he's found a way to capture profits regardless of market direction or economic climate. His first book, Reading Price Charts Bar by Bar, offered an informative examination of his system, but it didn't allow him to get into the real nuts and bolts of the approach. Now, with this new series of books, Brooks takes you step by step through the entire process.

By breaking down his trading system into its simplest pieces: institutional piggybacking or trend trading, trading ranges, and transitions or reversals (the focus of this book), this three book series offers access to Brooks' successful methodology. Trading Price Action Reversals reveals the various types of reversals found in today's markets and then takes the time to discuss the specific characteristics of these reversals, so that you can use them in your everyday trading endeavors. While price action analysis works on all time frames, there are different techniques that you can use in trading intraday, daily, weekly and monthly charts. This, among many other issues, is also addressed throughout these pages.

- Offers insights on how to handle volatility and sharp reversals;

- Covers the concept of using options when trading certain charts;

- Examines how to deal with the emotions that come along with trading;

- Other books in the series include Trading Price Action Trends and Trading Price Action Trading Ranges.

If you're looking to make the most of your time in today's markets the trading insights found in Trading Price Action Reversals will help you achieve this goal.
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