Most books on trading deal with general concepts and shy away from specifics. There are plenty of books about the origins and history of currency trading, but very little in the way of useful, practical trading information. Forex Patterns and Probabilities provides readers with a rare sense of clarity about the specific mechanics of currency trading—real world strategies that tell the student when to enter, when to exit, and how to manage trades.
This book provides traders with step-by-step methodologies that are based on real market tendencies. The strategies in this book are presented clearly in great detail, so that anyone who wishes to can learn how to trade like a professional. It is written for the new or experienced trader who needs specific, useful information to trade the Forex market.
Forex Patterns and Probabilities begins with a whirlwind tour of life on a Wall Street trading desk, as the reader is transported to the exhilarating world of professional trading. Then, the author explains the “playing field” of the forex market, using powerful metaphors that relate trading scenarios to situations in everyday life.
Now that the reader has been sufficiently prepared, Ed unleashes several specific trading strategies designed for trending markets. Trends create some of the most highly profitable trading situations, and the reader is given an arsenal of specific techniques to profit from them. Ed’s detailed explanations, backed by over 160 chart images, will leave ...