Forex Books - page 32

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The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Start by Cliff Wachtel : the book

The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Start is written for the risk averse, mainstream retail investor or trader seeking a more effective way to tap forex markets to improve returns and hedge currency risk. As the most widely held currencies are being devalued, they're taking your portfolio down with them—unless you're prepared.

For traders, the book focuses on reducing the high risk, complexity, and time demands normally associated with forex trading.

For long-term investors, it concentrates on how to hedge currency risk by diversifying portfolios into the strongest currencies for lower risk and higher capital gains and income.

The usual forex materials don't provide practical answers for most retail traders or longer term investors. Virtually all forex trading materials focus on time-consuming, high-leverage, high-risk methods at which most traders fail. Materials about long-term investing in foreign assets rarely take into account the prospects of the related currency. A falling currency can turn an otherwise good investment into a bad one.

Throughout the book, the emphasis is on planning and executing only low risk, high potential yield trades or investments and avoiding serious losses at all costs. Packed with richly illustrated examples every step of the way and including additional appendices and references to online resources, the book is the ultimate guide to forex for retail traders and investors seeking to tap forex markets for better currency diversification and income.

• Provides traders with safer, smarter, less complex and time-consuming ways to trade forex with higher odds of success. These include the use of such increasingly popular new instruments like forex binary options and social trading accounts that mimic expert traders.

• Shows investors how to identify the currencies most likely to hold or increase their value, and provides a wealth of ideas about how to apply that knowledge to a long-term, low-maintenance portfolio for both income and capital appreciation.

• Helps anyone seeking an asset class with low correlation to other markets by explaining how the very nature of forex markets means that regardless of market conditions there's always a playable trend somewhere, regardless of what other asset markets are doing, and how to find and exploit it for a short-term trade or a long-term investment in a currency pair, stock, bond, or other asset

The Sensible Guide to Forex is only book that teaches mainstream risk averse investors and traders how to build a portfolio that’s diversified by currency exposure as well as by asset class and sector, via a variety of safer, simpler methods to suit different needs, risk tolerances, and levels of expertise.

Written by Cliff Wachtel, a 30+ year financial market writer, advisor, and analyst, The Sensible Guide to Forex offers practical solutions to the above dilemmas faced by every serious, prudent investor.
 

Wayne McDonell, "The FX Bootcamp Guide to Strategic and Tactical Forex" the book

A straightforward guide to trading today's dynamic Forex market Written by Wayne McDonell, the Chief Currency Coach at FX Bootcamp, 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. Readers will then learn how to focus on using this information to create a tactical trading plan--one that will help them pull the trigger to get in and out of a trade. Along the way, McDonell takes the time to discuss the various challenges a Forex trader faces, such as greed, fear, loss, and isolation. As a Forex trader and educator of traders, Wayne McDonell knows what it takes to make it in the competitive world of Forex. And with FX Bootcamp's Guide to Strategic and Tactical Forex Trading he shows readers how.
 

Grace Cheng, "7 Winning Strategies for Trading Forex: Real and Actionable Techniques for Profiting from the Currency Markets" : the book

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.
 

Rob Booker, "The Wallaby Trade: Counter-Trend Trading for Stocks, Futures, and Forex" : the book

They say that the Trend is Your Friend, but what happens at the End of a Trend? Think about what happened to millions of investors when the dot-com boom went bust, or the subprime mortgage crisis blew up the world's financial markets. In this step-by-step (and always entertaining) guide, a proven counter-trend trader shows real-world examples of how to identify and profit from the warning signs that short-term and long-term trends are reaching a conclusion. The trading style is called "The Wallaby Trade," and it's the most complete book available on the subject of using divergence to trade against the crowd. If you are a trend-follower, then this book contains essential strategies and techniques for entering a trend on critical "pullbacks," and if you're a straight-up contrarian, Rob demonstrates powerful examples of divergence that serve as low-risk entries before the biggest moves in the financial world. When the crowd realizes that the party is over, where will you be? This book isn't about the general concept of trading against the masses, but rather a practical guide suitable for new and experienced traders alike. The chapters move fast and the book doesn't waste any time: Lots of examples, clear rules, and brutal honesty on every page. Chapters include: 1. What the heck is a Wallaby Trade? 2. What can the Wallaby Trade Do? 3. Bearish Divergence 4. Bullish Divergence 5. Bending the Divergence Rules for More Trades 6. Entering a Wallaby Trade Successfully 7. Wallaby Trade Sizing 8. Risk Management and the Wallaby 9. Profit Targets for the Wallaby And 9 bonus Appendix sections that detail best financial instruments for trading the Wallaby, dealing with adversity in counter-trend trading, character traits of great contrarian traders, and more.
 

Seamuc McKenna, "The Omicron Forex Trading Manual" the book

The Omicron Forex Trading Manual is a literate and focused explanation for non-specialists of Forex strategies for automated (algorithmic) trading using the Dukascopy JForex Java API and associated software routines developed by Omicron Forex. The manual is also a guide to the essential general requirements of Forex trading which all traders must master. These include the ability to think in probabilities, to maintain discipline (which the automated strategies are designed to assist with) and master the psychology of Forex Trading.

The manual improves the Forex trading learning process. It shows how discipline can be maintained. It also explains how the software does back-testing and it demonstrates why algorithms are important.

You need automation in your Forex trading to:

* Significantly improve the Forex trading learning process.

* Carry out research and do back-testing.

* Help you impose discipline and appreciate the need for it.

* Allow for risk reduction through diversification in currency pairs, which would be onerous and error prone if attempted manually.

* Take over certain repetitive functions that are more appropriate for computers to handle.

You do not want to use automation in your Forex trading to:

* "Set and forget" and leave to run unsupervised on a live account. This way lies potential disaster.

The Omicron Forex Trading Manual contains an introduction to the automated strategies and does not include the software routines themselves.
 

Michael D. Archer, "Getting Started in Currency Trading: Winning in Today's Hottest Marketplace, 2nd Edition" : the book

While the Foreign Exchange (FOREX) market can be a very profitable place, you must have a firm understanding of how to operate within this environment if you intend on achieving any success. That's why you need Getting Started in Currency Trading, Second Edition. This reliable resource-written for both newcomers and those with some FOREX experience-puts trading world currencies in perspective, and shows you exactly what it takes to make it in this field.
 

An Introduction to Trading in the Financial Markets: Trading, Markets, Instruments, and Processes By R. Tee Williams : the book

Trading on the financial markets requires the mastery of many subjects, from strategies and the instruments being traded to market structures and the mechanisms that drive executions. This second of four volumes explores them all. After brief explanations of the activities associated with buying and selling, the book covers principals, agents, and the market venues in which they interact. Next come the instruments that they buy and sell: how are they categorized and how do they act? Concluding the volume is a discussion about major processes and the ways that they vary by market and instrument. Contributing to these explanations are visual cues that guide readers through the material. Making profitable trades might not be easy, but with the help of this book they are possible.

  • Explains the basics of investing and trading, markets, instruments, and processes.
  • Presents major concepts with graphs and easily-understood definitions
  • Builds upon the introduction provided by Book 1 while preparing the reader for Books 3 and 4
 

James Windsor, "The Holy Grail Trading System" : the book

The true story of a 100% mechanical automated forex trading system that returned over 1000% inside 13 months turning 10,000 GBP to over 100,000 GBP

In 2005 I discovered what I believed was the ultimate financial trading system using the foreign exchange market ( known as the forex market )

To be the ultimate 'Holy Grail' foreign exchange trading system it would have the ability to automatically trade and have zero discretion with no technical analysis or reliance on technical indicators. In short, a 100% mechanical trading system in which the person using it does not matter, the result will be the same.

It would be a currency trading system that takes away the problems of trading psychology. It does not care if you are having a bad day, are on holiday, or if you have had an argument with your partner in the last hour. The trading entries, exits, trailing stops and risk management must have no user input whatsoever. All the user has to do is switch it on and wait.

The trading forums of the internet are full of people searching for this ultimate trading system. Thousands of traders every day search, test and simulate for hours using forex analysis looking for this 'golden egg' laying goose. Most believe that such a trading strategy does not exist nor ever has. This book is here to prove to you that such a trading system did exist and was discovered by a few home based forex traders just like you.
 

James F. Dalton, Eric T. Jones, "Mind Over Markets: Power Trading with Market Generated Information, 2nd edition" : the book

A timely update to the book on using the Market Profile method to trade Emerging over twenty years ago, Market Profile analysis continues to realize a strong following among active traders. The approach explains the underlying dynamics and structure of markets, identifies value areas, price rejection points, and measures the strength of buyers and sellers. Unlike more conventional forms of technical analysis, Market Profile is an all–encompassing approach, and Mind Over Markets, Updated Edition provides traders with a solid understanding of it. Since the first edition of Mind Over Markets —considered the best book on applying Market Profile analysis to trading—was published over a decade ago, much has changed in the worlds of finance and investing. That′s why James Dalton, a pioneer in the popularization of Market Profile, has returned with a new edition of this essential guide. Written to reflect today′s dynamic market conditions, Mind Over Markets, Updated Edition clearly puts this unique method of interpreting market behavior and identifying trading/investment opportunities in perspective. Includes new chapters on Market Profile–based trading strategies, using Market Profile in connection with other market indicators, and much more Explains how the Market Profile approach has evolved over the past twenty–five years and how it is used by contemporary traders Written by a leading educator and authority on the Market Profile One of the key elements that has long separated successful traders from the rest is their intuitive understanding that time regulates all financial opportunities. The ability to record price information according to time has unleashed huge amounts of useful market information. Mind Over Markets, Updated Edition will show you how to profitably put this information to work for you.
 
mladen:
Cornell university library

Department of quantitative finance Quantitative Finance (the closest to what we are doing here). All the books, articles, documents ... are free for download (not even some kind of registration is required). This kind of information sharing is what the original idea of internet was and sites like these (non-warez like, thanks good for that - whichever good) still exist and are sharing no-nonsense information.

For the ones willing to learn, a wealth of information can be found there ...

Thanks much your post is very useful,must check it out.

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