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. She shows how traders can use the various market conditions to their advantage by tailoring the strategy to suit each one.
This revealing book also sheds light on how the FOREX market works, how you can incorporate sentiment analysis into your trading, and how trading in the direction of institutional activity can give you a competitive edge in the trading arena.
This invaluable book is ideal for new and current traders wanting to improve their trading performance.
Filled with practical advice, this book is a must-read for traders who want to know exactly how they can make money in the FOREX market.
Grace Cheng is an investor and FOREX trader, and is the co-founder and chief editor of DailyMarkets.com - a financial community weblog dedicated to 24/7 breaking news and market opinions from traders, money managers and investors. Inspired by veteran investor Jim Rogers' adventurous spirit of traveling around the world, in 2007 and 2008, she fulfilled her dream of travelling around the globe from the US, South America, Europe to Africa to Asia for a year, without missing a day of work, proving that in this day and age, one can achieve financial independence without being tied to an office chair. Grace is a contributor to major print, radio and television media including Technical Analysis of Stocks & Commodities, Your Trading Edge and Investopedia. She has also been featured in the media in the US, UK and Asia and quoted on Reuters and Dow Jones. Her popular online PowerFX Course has taught thousands of traders worldwide. Visit: www.DailyMarkets.com
