Thirty Days of FOREX Trading: Trades, Tactics, and Techniques
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 CD-ROM 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.