How to Make a Living Trading Foreign Exchange [Hardback]A Guaranteed Income for Lifeby Courtney Smith
In stock, usually dispatched within 24 hours Summary of How to Make a Living Trading Foreign Exchange· How to Make a Living Trading Foreign Exchange takes the world of Forex, and puts it at readers′ fingertips.· Smith begins with an introduction to the Forex market – what it is, and how it works. Title Information
Press and Industry Reviews"Courtney Smith has hit it out of the park with this book. Not only does he provide great insight into both the inner workings of the marketplace and original trading methodologies, but he also devotes much discussion to the often overlooked, immensely important aspects of trading such as money management, discipline, and psychology. After all, as he aptly opines, these are demons traders must slay to be successful."- Tom Demark, Founder, Market Studies, Inc. "I learned a long time ago if Courtney Smith writes it, I read it. Glad I did. I picked up three great insights in my first read-through." - Larry Williams, author of Trade Stocks and Commodities with the Insiders, The Right Stock at the Right Time, Day Trade Futures Online, and Long-Term Secrets to Short-Term Trading Write a review of this book About Courtney SmithCourtney D. Smith is Chairman of the Investment Mentoring Institute, an organization devoted to building great investors. He is also President and CIO of Courtney Smith & Co., Inc., which manages money for institutions, family offices, and high-net-worth individuals. Mr. Smith is the owner and Editor in Chief of Commodity Trading Consumer Research (CTCR) - the premier tracking service for the futures industry - and author of six books, including Option Strategies (Wiley). He has made more than 1,000 TV appearances on shows such as Wall Street Journal Report, Moneyline , and other programs on CNBC, Fox News, Bloomberg, and CNN.Contents of How to Make a Living Trading Foreign Exchange1. The Basics of Foreign Exchange TradingSell a Yard of Cable Don't Want To Trade! Transaction Costs It Never Stops My Biggest Losing Trade The Bottom Line 2. Trend Analysis What Is a Trend? How to Profitably Trade Bull and Bear Markets How to Trade the Trend Megaphones and Pennants Average Directional Index The Bishop The Bottom Line 3. Channel Breakouts The Beginnings of Channel Breakouts What Is A Channel Breakout? Better Channel Breakouts The Pros and Cons of Channel Breakouts The Bishop ADX Filter The Principle of Instant Gratification Rejection Rule The Last Bar Technique Tactics Taking Profits The Bottom Line 4. The Conqueror The Beginnings of the Conqueror What is True Range? Enhancing the Conquistidor Adjusting the Stop The Bottom Line 5. Stochastics What Are Stochastics? How to Use Stochastics as an Overbought and Oversold Indicator Trading Signals from Crossovers Profitability of Stochastics Warnings The Best Way to Make Money Using Stochastics Go with the Trend How I Use Stochastics Interview with George Lane The Bottom Line 6. Pattern Recognition Inside Days Double Whammy Multi-Unit Tactic Reversal Days Riding the Rejection Rule The Bottom Line 7. Risk Management Stopping Bad Risk Management How to Make Sure We Are Never Wiped Out Good Risk Management: Fixed Fractional How Many Contracts Should I Put On? Highly Correlated Positions Kelly Formula Trade Your Equity Curve Take a Time Out Turning Poor Systems into Good Systems How Big of a Position Should I Take? The Bottom Line: Diversify Through Time 8. Slingshot The Importance of Minimizing Losses Beware of Taking Profits Too Early Psychological Profits Confirmations Maximum Excursion Analysis Using the Slingshot for Profits The Mini-Slingshot The Bottom Line 9. The Psychology of Successful Trading Why Do You Trade? The Pressures of Trading Why Do You Lose? Addressing a Lack of Knowledge Addressing a Lack of Capital Addressing a Lack of Self-Discipline An Example of Overcoming the Bizarre Twists and Turns of the Mind Treat Trading as Education Stress-Free Trading Be the Casino Developing Your Trading Plan Filling Out the Plan The Importance of a Postmortem The Bottom Line 10. Putting It All Together Diversifying To Reduce Risk Use a Mental Checklist How to Trade Only One Method The Bottom Line Epilogue: Key Insights for Maximizing Your Trading Profits Appendix : Suggested Reading Acknowledgments About the Author Index |
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