Mastering the Currency Market: Forex Strategies for High and Low Volatility Markets

March 10, 2010

in Forex Trading

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Mastering the Currency Market: Forex Strategies for High and Low Volatility Markets
 
Manufacturer: McGraw-Hill
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Product Description

Make Volatility and Risk Work for You with Forex Trading!

“This book should be in every trader/investor’s library. As we come out of this depressed market . . . this book can be your companion, helping you avoid mistakes and enhance your trading/investment program.”
—Bill M. Williams, author of Trading Chaos

“Whether you’re just getting started trading the world’s most exciting financial market, or you’re looking to add to your trading edge, [the authors] have written an engaging book packed with powerful techniques that you can use right now.”
—Rob Booker, trader, author, educator, and founder and host of TraderRadio.net

The foreign exchange market is the largest trading market in the world, with average daily volume well into the trillions. Because the market is always characterized by high liquidity, forex traders benefit most from volatile markets—making it the ideal investment approach today and well into the future.

Mastering the Currency Market is a comprehensive guide to currency and futures trading strategies and techniques for both highly volatile and nonvolatile markets.

Putting to work their vast and highly diverse experience in forex trading, the authors explain how to take advantage of the many benefits of foreign exchange trading, including its low cost of entry afforded by margin, and the dynamic pricing by nature of the competitive marketplace. Mastering the Currency Market is divided into five sections covering:

  • The basics of trading currencies
  • Fundamental analysis of price valuation
  • Technical analysis and trading charts
  • Trading philosophy and psychological discipline
  • Volatility and risk management

With four decades of combined experience, the authors clearly communicate to you a trading method that will give you the confidence to both analyze markets and execute trades successfully, regardless of underlying market conditions.

As 2008 introduced nightmare scenarios for investors around the world, it was Al Gaskill’s most productive period of his trading career. He used the same trading methods spelled out in this book.

Apply the lessons inside and you’ll see profits rise during periods of high market volatility, and when the market slows down, you can downshift to countertrending methods. It’s a win-win investing method, and Mastering the Currency Market leads you through it every step of the way.

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Customer Reviews
Great Forex Book
 
Review Date: July 1, 2010
Reviewer: Joe Minotti,
Great Book !!

This is a great Book for Forex Traders and anyone who wants to learn about Forex. The Book is straight forward and simple to understand. I've been trading for a while and I still found this book more than just a review. I like how the author pulls everything together in Chapter 9. Here, the book goes beyond just the technical's and shows you how to pull it all together. For me, the trade signals/triggers were helpful. The strategy was different from what I use and this book laid out a better way. I'm now using the new information in my trading and it really helps.
This book is not just about tech analysis. If you are looking for a book on "only" technical analysis there are others you might find more helpful. Personally, I think technical analysis is really simple. The hard part is applying the technical's to a moving market so you can make money. That is what I like about the last chapters in the book. The principals are sound and overall I would recommend this book to anyone looking to better their Forex trading.
Excellent currency trading education
 
Review Date: February 15, 2010
Reviewer: Ramona Renner, Bellevue, WA USA
I recently started studying with Jay Norris and his currency trading method. Previously I had 5 years of currency trading education but was not as successful with the methods I had learned and was using. What I found to be the most helpful with Jay's approach was teaching me what information I should DISGARD in identifying a set up. He really helped me refine my shorter time frame trading, which is very helpful in this market with these market conditions. I also found it extremely refreshing to not have to box myself into whether I traded fundamentally or technically. This method really focuses in on the price action on the right side of the chart and how to best identify a trade set up so you don't miss a great trade on ANY time frame. Jay has also helped teach me to look at "fact based trades" versus trading emotionally. I finally can discipline myself so much easier with this method. Best of all, Jay is very personable and loves what he does for a living.
Trading need not be complicated.
 
Review Date: February 10, 2010
Reviewer: Nazira Jamani,
This book taught me that trading can be simple if one is disciplined and patient. It is about patiently letting a candle close before taking the signal. Discipline entails for planning a trade and then trade the plan. What I take away from this book is that a chart gives away the whole story of the market. The way to allow the chart to tell its story is by looking at the candlestick bar, the support and resistance lines along with trend lines (which the markets respect) and the chart pattern formed. A crucial point in trading is always looking at a higher time frame confirmation of a signal before taking a trade from a lower time frame. Of the hundreds of indicators available, this book shows us how using two indicators; mainly stochastic oscillator and the MACD are good entry and trend confirmation indicators. On the chart itself, we need not clutter but have couple of moving averages and Pivot points. These need to be a trader's tools. I recommend this book be a must read for every trader whether experienced or noviceMastering the Currency Market: Forex Strategies for High and Low Volatility Markets
N. Jamani
Best forex book ever? But not for beginners.
 
Review Date: April 18, 2010
Reviewer: Haritasha, Colorado
This may be the best forex book I've ever read. The reason is it has practical, clear and straightforward techniques and examples. They also explain in detail not only strategies, but how to really use and understand the indicators.

I've been studying and trading forex for over 4 years and I have read tons of books and taken about every training course our there, and I think this is the most practical forex book on the market.

The reason I said not for beginners is that beginners won't understand forex is highly technically driven, and basically all strategies work on all pairs, so you don't need to disect each pair, or even present each pair in charts, but a newbie will assume that you do have to do that and is expecting that, so newbies won't understand how really good this book is. Also, someone used to trading stocks won't understand how important the technical aspect of trading forex is, and also will probably gloss over the detail and not understand just how subtle the difference between technicals on stocks and forex can be and think this book is too simple - it's not. I traded stocks before forex so I know just how important one teany weany subtle detail in the technical verbage can be when it comes to forex, where a newbie stock trader will miss it because stocks are company specific info first and technical second, and the technical side for stocks just has to be general and basic, but not so with forex, so newbies to forex won't get it, but to experienced traders in forex this book is pure gold.
Well worth the money - good guide for beginners
 
Review Date: November 21, 2009
Reviewer: Stephanie Waters,
I thought this book was well worth the money. I'm just learning to trade and it seems to cover the basics very well, without being too confusing. It seems to focus more on technical analysis than fundamental analysis, but they also explain why that is their focus. I think this is a good guide for someone learning to trade.

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Tagged as: currency, forex, high, market, markets, mastering, strategies, volatility

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