January 2010
Intermediate to advanced
208 pages
5h 35m
English
book
Forex on Five Hours a Week: How to Make Money Trading on Your Own Time
by Raghee Horner, Jeffrey Alan Brandzel
Content preview from Forex on Five Hours a Week: How to Make Money Trading on Your Own Time
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 13. Embracing Automation
Figure 13.17. Don't get buried in analysis.: 2007 "Fxstreet.com. The Forex Market." All Rights Reserved.
Since I am writing about Forex in Five, there is a chance that people will insinuate that forex trading or any trading for that matter can be or is a part-time endeavor. That's not true. "Full-time trading" should mean that it replaces the income that you would have from a full-time job. "Full-time trading," though, has somehow been turned into 12- to 16-hour pursuits of insomnia driven, get-up-in-the-middle-of-the-night trading.
So let's agree that "full-time trading" is about having the type of income you would have from a full-time job. If your bills are paid through your trading activities, you could in fact be a full-time trader regardless of the time spent in front of your computer screen.
I bring this up because at some point you will wander into the forest of the World Wide Web and come across forums and chat rooms all touting a mechanical system that works. I'm sure some of it does for some people and I'm certain most of it doesn't work for most people. Think about this: If you had a system that was 100% mechanical (think "set it and forget it") and generated consistent profits, would you share it? If you said "yes" you are a liar. If it worked you would very quietly make that profit for as long as it did. Period. And that's precisely what ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.