Amin Sadak – The Afluent Desktop Currency Trader 1
Amin Sadak – The Afluent Desktop Currency Trader 1

Amin Sadak – The Afluent Desktop Currency Trader 1

Don Miller – How I Make a Living Trading The E-Minis Don Miller – How I Make a Living Trading The E-Minis
David Stendahl – The Systematic Trader. Maximizing Trading Systems & Money Management David Stendahl – The Systematic Trader. Maximizing Trading Systems & Money Management

$39.00

Size 2.18 GB

(9 CD)

You Just Pay: $39

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Description

The Affluent Desktop Currency Traders teaches and discusses:

  • What the Forex market is
  • The currency pairs and how they integrate
  • How to interpret price
  • How to determine pip value
  • Lots and lot sizes
  • Margin and leverage
  • Brokers, their services and their free trading software
  • Trading sessions and times
  • Terminology
  • Detailed basics covering many aspects
  • Technical analysis and reading charts
  • Chart elements
  • Types of orders
  • Tools and Indicators
  • Chart analysis
  • High probability patterns and formations
  • Entering and exiting trades
  • Money management
  • Psychology of trading
  • Several systems
  • Trading scenarios

I recommend this book to newbies because of the following reasons:

  • It is very easy to read.
  • The author assumes that you know nothing about forex trading at all, so he covers all the background information you need to start trading forex. I have read books that often refer you to many other texts that you need to read first before you understand the concepts covered.
  • Although it discusses a bit about how to use fundamental analysis, I like this book because it focuses on how to use technical analysis to trade forex. It uses simple indicators and simple systems.
  • It has a detailed chapter on money management, discipline and psychology.
  • It provided me with the formula you need to make sure that I only lose a certain fraction of my account in each trade.