Solid Forex strategies for capturing profits in today's volatile markets
How to Make a Living Trading Foreign Exchange puts the world of Forex at your fingertips. Author Courtney Smith begins with an introduction to the Forex market-what it is and how it works. He then delves into six moneymaking techniques for trading Forex, including his unique Rejection Rule that doubles the profit of basic channel breakout systems. In addition to two specific methods for exiting positions at critical levels, Smith also discusses powerful risk management techniques and successful trading psychology strategies that will keep you one step ahead of the game.
Reveals the secrets of the Forex market and how to create a lifetime of income trading it Offers advice on maximizing profits during the volatile swings that have increasingly become the norm Other titles by Smith: Option Strategies, Third Edition, Seasonal Charts For Futures Traders, Commodity Spreads, and Profits Through Seasonal Trading Make more from today's Forex market with How to Make a Living Trading Foreign Exchange.
Chapter 1-3: Swift and succinct overview of trend trading using forex examples. She prefers pure technical driven analysis as opposed to discretionary analysis.
Like all trading books, the examples are contrived to illustrate specific patterns. Chapter 1-3 goes into how to identify the direction of a trend and channel trading. Courtney gives clear explanations about the base method she's using, who pioneered it (in case you wanted to do additional reading), how she tweaked and most importantly the rational as to why she tweaked it. I personally found her explanation of how to identify a trend to be the informative. Most books I've read identify bull, bear and sideway markets as simply an "eyeballing" task which is something I could've done without spending 30 bucks.
I haven't personally backtraded her examples yet, but so far the book is giving me plenty ideas to chew on. I'm reading a few other trading book concurrently, but so far I have gotten the farthest in this book despite getting it last. Her writing style and methods are simply clicking with me I guess.
Bombastic, uncritical, not well structured, full of unimportant personal stories. Reading it felt like listening to a telemarketer, moreover the author, Courtney A. Smith was previously convicted of securities fraud (sec.gov). Didn't finish it, waste of time.