Forex on Five Hours a Week: How to Make Money Trading on Your Own Time

Forex on Five Hours a Week: How to Make Money Trading on Your Own Time

Released January 2010
Publisher(s): Wiley
ISBN: 9780470436431

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Book description

Praise for

Forex On Five Hours A Week

"The style allows Raghee Horner to tackle the thorniest concept for beginning traders to understand from the outset—shorting. The explanation is one that is the best I've read in many a book, all because she is conversing with you within the pages." —KIARA ASHANTI, ACTIVE TRADER MAGAZINE

"Just who is Raghee Horner? That's easy. If you are a forex trader, Raghee Horner is a young woman who can change your life. She can turn your losses into profits. She can take the mystery out of trading this incredible market."—PETER McKENNA, INVESTOR'S BUSINESS DAILY

Trading the forex market has become one of the most popular forms of trading. It's a 24/7 job for many. But what if you have a day job and only a little time to dedicate to the market?

In Forex on Five Hours a Week, top forex trader Raghee Horner shows you how, with a few key techniques and just five hours a week, you can capture consistent profits in the forex market.

Table of contents

  1. Copyright
  2. Preface
  3. Acknowledgments
  4. 1. Making Money in Up and Down Markets
    1. 1.1. FILL IN THE BLANKS
    2. 1.2. A BULL IS ON THE LOOSE!
    3. 1.3. SHORTING
  5. 2. Full-Time Trading = Full-Time Job
    1. 2.1. EMPLOYEE MINDSET
    2. 2.2. CONFESSIONS OF A CHART JUNKIE
    3. 2.3. ANALYZING THE MARKET
    4. 2.4. IDENTIFY THE TREND
    5. 2.5. TIME FRAMES
  6. 3. The Wave
    1. 3.1. SINKING, SOARING, OR SIDEWAYS?
    2. 3.2. MARKET CYCLES
    3. 3.3. A WISH
    4. 3.4. MARKET MEMORY
    5. 3.5. TRADE WITH PRICE
  7. 4. Objectivity
    1. 4.1. INDICATORS
    2. 4.2. ORDER ENTRY
    3. 4.3. STOP LOSS
    4. 4.4. RISK MANAGEMENT
    5. 4.5. TRENDLINES, SUPPORT, AND RESISTANCE
    6. 4.6. STATIC AND DYNAMIC LINES
  8. 5. The Magic of Lazy Days Lines
    1. 5.1. FIBONACCI ANALYSIS
    2. 5.2. LAZY DAYS LINES AT WORK
    3. 5.3. USING LAZY DAYS LINES
    4. 5.4. THE WAVE IN ACTION
    5. 5.5. REAL-LIFE LAZY DAYS LINES
    6. 5.6. COMPREHENSION + CONFIRMATION = CONFIDENCE
  9. 6. The Only Entries You Need
    1. 6.1. MOMENTUM TRADING
    2. 6.2. SWING TRADING
    3. 6.3. SHORT CYCLE SET-UPS
    4. 6.4. INSIDE THE RANGE
  10. 7. Around the World
    1. 7.1. WHO'S AWAKE?
    2. 7.2. FINANCIAL CENTERS YOU NEED TO KNOW
    3. 7.3. PRIME TIME!
    4. 7.4. PIP MOVEMENT
    5. 7.5. A DAY WITH THE EUR/USD
    6. 7.6. TIME OUT!
    7. 7.7. CHOOSING YOUR TRADING TIME
  11. 8. Market Pulse
    1. 8.1. U.S. DOLLAR INDEX AND USD/CAD
    2. 8.2. U.S. DOLLAR INDEX AND AUD/USD
  12. 9. Trading Psychology
    1. 9.1. STAY IN BALANCE
    2. 9.2. THE ROLE OF EXPERIENCE
    3. 9.3. TRADING FOR REAL
    4. 9.4. THE PSYCHOLOGY OF MARKET CYCLES
    5. 9.5. THE PSYCHOLOGY OF NEWS
    6. 9.6. THE PSYCHOLOGY OF TIME
    7. 9.7. THE PSYCHOLOGY OF NUMBERS, ENTRIES, AND EXITS
  13. 10. Psychological Numbers
    1. 10.1. USING THE HERD
    2. 10.2. THE 200 SMA
    3. 10.3. 52-WEEK HIGHS AND LOWS
  14. 11. Trading Edge
    1. 11.1. THE RIGHT SIDE OF THE CHART
    2. 11.2. CONSUMER CONFIDENCE
    3. 11.3. RISK APPETITE
    4. 11.4. SELL THE NEWS
  15. 12. Is My Broker Friend or Foe?
    1. 12.1. THE 2 PERCENT QUESTION
    2. 12.2. STOP LOSS PLACEMENT
    3. 12.3. TRIAGE
    4. 12.4. TRADING TRUTHS
      1. 12.4.1. Let the Market Cycle Dictate Entry Style
      2. 12.4.2. Don't Let a Winner Turn into a Loser: Ratchet Your Stops
      3. 12.4.3. Place Stop Orders at the Point of Validity or Logical Support/Resistance Level—Not Dollar Amounts, Not Percentages, Not Boredom
      4. 12.4.4. Never Treat a Trade Gone Bad as an Investment or Position Trade
      5. 12.4.5. Go Long Because They Are Bullish Instead of Being Bullish Because They Are Long (Think about It!)
      6. 12.4.6. "Oh Crap" Is Never a Reason to Get In or Out of a Trade
      7. 12.4.7. Enter Trades Based on Price Action
      8. 12.4.8. Top and Bottom Picking Is Only about Ego
      9. 12.4.9. All Indicators Are Based on Price and Therefore There's No Such Thing as a Leading Indicator
      10. 12.4.10. No Single Entry Strategy Will Work for All Market Cycles
  16. 13. Embracing Automation
    1. 13.1. CHARTING TOOLS
    2. 13.2. PROFIT TARGETS
    3. 13.3. FIFTEEN-MINUTE SET-UPS
  17. 14. Raghee Recommends
  18. Final Thoughts
  19. Very Special Offers for Book Buyers

Product information

  • Title: Forex on Five Hours a Week: How to Make Money Trading on Your Own Time
  • Author(s):
  • Release date: January 2010
  • Publisher(s): Wiley
  • ISBN: 9780470436431