The 10 Essentials of Forex Trading: The Rules for Turning Trading Patterns Into Profit

Trading the Forex Market can be exciting, adventurous, and financially rewarding. It can also be disastrous for those who are unprepared for its rhythms and movements.

Now, Jared F. Martinez, one of the foremost experts in currency trading, draws upon his vast knowledge and experience to deliver 10 key practices for trading in Forex. The 10 Essentials of Forex Trading shows you how to use charting methods to effectively relate market movements to trading patterns-and turn those patterns into profit.

No matter your level of trading experience, you can develop the skills you need to become a consistently successful foreign currency trader-from using the right trading tools and balancing equity management to trading in buy and sell zones and identifying trends and trendlines. You'll discover what drives the Forex market and how to navigate the three stages of Forex trading: acquiring new trading rules, controlling disciplined thought, and implementing disciplined action.

Martinez also prepares you to:

• Understand the financial game of support and resistance between Bulls & Bears
• Use Japanese Candlesticks to discern the sign language of the market
• Create an entry strategy and a consistent exit strategy
• Use Fibonacci as part of your trading approach
• Forecast sideways movement in the market-and trade it

Martinez shows you how to put it all together to execute a successful trade by finding convergence and analyzing the market on multiple timeframes. You'll also learn how to gain control over your emotions-a vital part of trading on Forex-and eliminate bad habits that can prevent you from becoming a confident, competent, and profitable trader.

To trade the Forex market, you must come to the trading table prepared. The 10 Essentials of Forex Trading arms you with the tools to develop a solid personal trading constitution and reap the financial outcome you desire.

Author: Jared Martinez
Publisher: McGraw-Hill Companies
Published: 01/29/2007
Pages: 240
Binding Type: Hardcover
Weight: 1.08lbs
Size: 9.34h x 6.30w x 0.89d
ISBN: 9780071476881

About the Author

Jared F. Martinez is the founder of Market Traders Institute, Inc., the worldwide leader in Forex education with more than 10,000 clients. Martinez is the founder of the I-TradeFX Brokerage Firm and is globally renowned in all trading arenas. He is best known for trading the natural Fibonacci movements in the market that help traders turn patterns into profit. He is also a contributor to "FX Television," Stocks and Commodities, FX Street, and Active Trader. Martinez has mentored thousands of traders, from novices to experts.