Thirty Days of FOREX Trading: Trades, Tactics, and Techniques - Hardcover

Horner, Raghee

Hardcover

ISBN 10: 0471934410 ISBN 13: 9780471934417

Publisher: Wiley, 2006

Synopsis

Whether you're a full-time trader looking to make a living or a part-time trader looking to make some extra money, the foreign exchange (forex) market has what you desire--the potential to make sizeable profits and 24/7 accessibility.

But to make it in today's forex market, you need more than a firm understanding of the tools and techniques of this discipline. You need the guidance of someone who has participated, and prevailed, in this type of fast-paced environment.

Raghee Horner has successfully traded in the forex market for over a decade, and now, in Thirty Days of Forex Trading, she shares her experiences in this field by chronicling one full month of trading real money. First, Horner introduces you to the tools of the forex trade, and then she moves on to show you exactly what she does, day after day, to find potentially profitable opportunities in the forex market.

Part instructional guide, part trading journal, Thirty Days of Forex Trading will show you--through Horner's firsthand examples--how to enter the forex market with confidence and exit with profits.

About this title

From the Inside Flap

The foreign exchange (forex) market is one of the most dynamic markets in the world. Its flexibility and 24-hour accessibility offer traders tremendous profit-making opportunities. But it takes more than a firm understanding of the tools and techniques of this discipline to make the most of your time in the forex market. What it really takes is the guidance of someone who has participated, and prevailed, in this type of fast-paced environment.

In Thirty Days of Forex Trading, Raghee Horner—one of today's top forex traders and a master teacher of trading systems—shares her experiences in this field, by chronicling one full month of trading real money.

Part instructional guide, part trading journal, Thirty Days of Forex Trading opens with a detailed discussion of all the strategies you will see play out in the coming days—the entries, the exits, and the explanations. Here, Horner takes the time to examine the essential elements of her craft, from different trading styles (momentum, swing, and wave/CCI) and order types (stops, limits, as well as conditional orders) to time-tested indicators (trendlines, MACD, CCI, and The Wave).

After introducing you to the tools of her trade, Horner moves on to show you exactly what she does, day after day, to find potentially profitable opportunities in the forex market. Each chapter of this book contains one day's worth of trading activities—each with its own unique lesson. For example, on Wednesday, February 1, Horner explains everything from scanning for potential setups each morning to trading market overlaps. While on Tuesday, February 14, Horner discusses how and why she took the EUR/USD short. As you follow Horner through each day, you'll not only discover how to enter and exit forex trades for maximum profits, you'll also learn how to ask and answer the questions that help you manage both the risk and reward of a trade.

To support the concepts found throughout this book, a companion website has also been included. In it, many of the trades executed in the book are fully analyzed, described, and talked through by the author.

Filled with in-depth insight and practical advice, Thirty Days of Forex Trading can help you become a more effective and profitable trader.

About the Author

RAGHEE HORNER is an accomplished trader with more than fifteen years in the futures, stocks, and forex markets. She is the founder of EZ2 Trade Software and lead trader of Trade Direct FX. Horner has written more than 100 articles on trading, has been featured in Technical Analysis of Stocks & Commodities and eSignal's "Trading with the Masters." She is a sought-after speaker who has conducted seminars throughout the United States, Canada, the Carribean, and Asia as well as a popular presenter at the Forex Trading Expo and the Online Trading Expo. Horner is the author of Forex Trading for Maximum Profit (Wiley). Visit her at www.raghee.com.

Edition details

• Publisher: Wiley
• Publication date: 2006
• ISBN 10: 0471934410
• ISBN 13: 9780471934417
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 264