Below you can read the reviews of the book and also submit your own review about 7 Winning Strategies for Trading Forex by Grace Cheng.

It is written with great grammar and the reading flows excellently. Even though the manuscript dissatisfies by not conveying the message they espouse on the front of the manuscript — how to use authentic strategies to profit from.

One of the later methods, though, is a verifiable moneymaker and can be counted upon, even though it is a widely identified strategy. Sometimes, to know if a trade is viable, you have recourse to use your Sentiment Bias and Commons Sense, though this is common knowledge, though the difficult piece may be finding dependability in a Reliable Sentiment and Common Sense.

It is very energizing to find books like these, as they are few and far between. Grace does an outstanding job of explaining Forex to the normal person, a beginning trader, and the singular methods that can be used for currency pairs. This manuscript definitely brings the expertise that it promises to, and that excites me. Though she may be young, she is still deserving of respect because of her working knowledge of finance and trading, whether or not this talent comes from her college education or on her own.

You may not learn how to generate revenue with an exact stratagem, but the book contains overall great information that you can use. The purpose of this book is to show you how you can trade forex with these winning strategies.

I will share with you some new ideas, interesting concepts, and the nuts and bolts of how you can implement each strategy more effectively. This book is quite different from traditional technical analysis books because, while those books may document the reliability of certain technical patterns, I will explain in this book why certain technical patterns do not work as well in the forex market and therefore need adapting.

For example, I have increasingly noticed that in recent times the first attempt of a price breakout more often than not results in a failure. The strategies that I am going to share with you are suitable for trading the forex market in any time frame — ranging from minutes to weeks.

Throughout the book I also explain certain aspects of the forex market so that you can gain an insight into how the market behaves. Flexibility is required for the trader to adapt his or her strategies to different market conditions, as well as for the trader to customise trading strategies to suit his or her own trading style and personality.

Therefore, feel free to tweak or modify any of the parameters of these strategies to suit your own preferences. The 7 strategies in this book must be applied with discipline and a huge dose of common sense.

Their rules and guidelines are not set in stone. What I provide is a guide to implementing these strategies so that you can tilt the odds of success to your side. How this book is structured The book contains the following chapters. Getting Started Find out why the forex market is constantly growing, and why an increasing number of people are turning to trade this particular asset class in their quest to accumulate wealth. For those who are new to trading, take a look at the differences between investing and trading, and the various choices of trading time frames.

Spot Forex Market Structure The forex market has long been the exclusive playground of the big players, namely banks, institutional investors and hedge funds. But the playground is no longer restricted to just them; individuals can also participate in this speculative game. It is essential to know where you, the trader, stand in the overall big picture.

How To Overcome The Odds Of Trading Forex How are you going to tackle the odds that are stacked against you from the start in the forex trading business? In this chapter, I will highlight the three Ms that have brought me success in this field: Mind, Money and Method. Many traders, especially the inexperienced ones, are too fixated on finding the perfect trade setup, the perfect trading system or the strategy that never fails, thus neglecting the other more important aspects that are crucial to good trading performance.

Find out what defines the current market sentiment, and how you can incorporate market sentiment analysis into your trading.

Strategy 2 — Trend Riding There is so much more to riding trends than simply closing your eyes and buying at any point during an uptrend or short-selling at any point during a downtrend. This chapter shows you how you can jump on a trend when the trend is the most robust, rather than when it is about to end.

This way you can ride a trend with a higher chance of success. Strategy 3 — Breakout Fading Many false breakouts occur in forex price charts, and the occurrence of these fakeouts provides the perfect opportunity for fading breakouts, that is, trading against those breakouts. In this chapter, I explain why most breakouts fail, and how you can identify high-probability fading opportunities.

Strategy 4 — Breakout Trading When currency prices break out of certain price levels, a large sustained move in the direction of the breakout may occur, giving rise to a situation whereby big profits could potentially be captured in the least amount of time. The main problem with trading breakouts is that many of these breakout attempts fail. In this chapter I walk you through several guidelines of how you can better identify potential breakout opportunities for this strategy.

This particular strategy, however, requires that the forex market registers a period of relative calm and low volatility before the strategy is to be implemented. Strategy 6 — Carry Trade This is a fundamental trading strategy that is highly favoured by institutional investors. In this chapter, I explain how a carry trade works, and highlight some points which you should keep in mind when adopting this strategy in the forex market.

Strategy 7 — News Straddling The forex market is extremely sensitive to economic and geopolitical news from around the world, especially those which relate to the industrialised countries. Find out how you can trade news releases with a higher probability of success.

Risk disclosure Trading forex involves substantial risk, and there is always the potential for loss. Your trading results may vary. No one event is inherently more important than another. Instead of focusing on one variable, traders examine the relationship between them in tandem with current market conditions.

News traders rely on economic calendars and indexes such as the consumer confidence index CCI to anticipate when a change will occur and in what direction price will move. Trading small breakouts that occur over a short time period has high profit potential. Of course, it also carries greater risk.

When price consolidates, volatility increases. Getting in early is part of the game, but getting in too early can be reckless. More experienced traders will often wait for confirmation of the breakout before acting on a hunch. Swing trading is a trend-following strategy that aims to capitalize on short-term surges in price momentum. These smaller surges and dips may go against the prevailing trend direction, and thus require a more limited market outlook examining minute, hourly, daily, and weekly price charts as opposed to analyzing overall market trends.

Despite being classified as a short-term trading strategy, this approach demands that traders hold their position overnight unlike day trading and may keep them in a trade for a few weeks at a time. This strategy relies on both technical and fundamental forms of analysis. On the technical side, traders use momentum indicators and moving averages to analyze price movement over multiple days.

From a fundamental standpoint, swing traders often use micro- and macroeconomic indicators to help determine the value of an asset. Swing trading anticipates rapid price movement over a wide price range—two factors that suggest high profit potential. But greater potential profits naturally come with greater risk. Price momentum can change rapidly and without warning, so swing traders must be prepared to react immediately when momentum changes.

To mitigate the risks of holding their position overnight, swing traders will often limit the size of their position. Although a smaller position size curbs their profit margin, it ultimately protects them from suffering substantial losses. Scalping is an intraday trading strategy in which traders buy and sell currency with the goal of shaving small profits from each trade. In forex, scalping strategies are typically based on an ongoing analysis of price movement and a knowledge of the spread.

When a scalper buys a currency at the current ask price, they do so under the assumption that the price will rise enough to cover the spread and allow them to turn a small profit. In order for this strategy to be effective, however, they must wait for the bid price to rise above the initial ask price—and flip the currency before price fluctuates again. Oftentimes, scalpers will hold professional trading accounts with brokers to access lower spreads. Their success also hinges on their use of a low-latency platform that is capable of executing multiple trades at a time with speed and precision.

To determine what position to take, scalpers use technical analysis and pattern recognition software to confirm trend direction and momentum, locate breakouts and divergences, and identify buy and sell signals in their target period. Like other day traders, they may also track economic events that are likely to impact short-term price movement.

But handling such a large volume of trades also comes with its own challenges. For any trader, managing more than one trade adds complexity to the process. In such a volatile, fast-moving market, the stakes are amplified. Succeeding as a day scalper demands unwavering concentration, steady nerves, and impeccable timing. If a trader hesitates to buy or sell, they can miss their already limited profit window and dwindle their resources.

Day traders earn their title by focusing solely on intraday price movements and capitalizing on the volatility that occurs therein. These small market fluctuations are related to current supply and demand levels rather than fundamental market conditions. Day traders use a variety of short-term trading strategies. Some trade the news using economic calendars and indexes and change their focus based on global economic events. Others may be scalpers who trade the same asset day over day and analyze intraday price movements using technical analysis such as fast and slow moving averages.

If they understand the general direction in which the market is trending on a given day, they can follow the trend and exit all their positions before the market closes. When you analyze price movements over such a short time frame, more false signals are bound to appear due to the small sample size and limited context. Spotting a false signal and confirming the validity of your analysis can be tricky—especially when time is of the essence.

For these reasons, day trading typically requires more experience and familiarity with the market. To be successful, day traders must also practice effective money management and be ready to respond swiftly if price moves against them.

Although this Forex book is more appropriate for the unexperienced Forex traders, those who already trade in the currency markets will also find this book useful. Some basic knowledge about the Forex trading charts and process is required to understand the strategies presented here.

The proposed Forex strategies are: Market Sentiment, Trend Riding, Breakout Fading, Breakout Trading, Decreased Volatility Breakout, Carry Trade and News Straddling. The book also features an introduction into Forex market, a Forex glossary, currency codes and the list of global major regulatory institutions of the Forex market.

Get 7 Winning Strategies for Trading Forex by Grace Cheng from Amazon. Buy 7 Winning Strategies for Trading Forex by Grace Cheng from Better World Books. Order 7 Winning Strategies for Trading Forex by Grace Cheng from Buy.

Forex trading is almost never profitable without a Forex strategy. You can read the detailed descriptions with the examples of several Forex strategies , including indicator strategies, price action strategies and fundamental strategies.

Below you can read the reviews of the book and also submit your own review about 7 Winning Strategies for Trading Forex by Grace Cheng. It is written with great grammar and the reading flows excellently. Even though the manuscript dissatisfies by not conveying the message they espouse on the front of the manuscript — how to use authentic strategies to profit from.

One of the later methods, though, is a verifiable moneymaker and can be counted upon, even though it is a widely identified strategy. Sometimes, to know if a trade is viable, you have recourse to use your Sentiment Bias and Commons Sense, though this is common knowledge, though the difficult piece may be finding dependability in a Reliable Sentiment and Common Sense.

It is very energizing to find books like these, as they are few and far between. Grace does an outstanding job of explaining Forex to the normal person, a beginning trader, and the singular methods that can be used for currency pairs. This manuscript definitely brings the expertise that it promises to, and that excites me. Though she may be young, she is still deserving of respect because of her working knowledge of finance and trading, whether or not this talent comes from her college education or on her own.

You may not learn how to generate revenue with an exact stratagem, but the book contains overall great information that you can use. Forex Book Forex Book Blog Allows You to Get Forex Books and Read Their Reviews for Free. Home Forex Book Authors Top 10 Forex Books Currency Trading Broker Contact.

Beat the Forex Dealer by Agustin Silvani ». As an Amazon Associate I earn from qualifying purchases. Trading System. About Trading Forex like any other financial trading activity can be very risky. Trading with margin is even riskier. To be prepared to the possible losses and other dangers of market, it's recommended to read the Forex books written by professionals and recommended by the successful traders.

Forex books presented on this site can greatly improve your chances to prosper from currency trading and to avoid the common mistakes that have blown up thousands of accounts. Don't forget to read the Forex book reviews before buying them and, please, leave your own review after you read the book. Read first, trade next! org News Feed and Reviews Feed.

Y-axis displays the net number of speculative contracts. All you need to start is a computer with fast and stable internet access and a relatively small account with a broker. For the Trend Riding Strategy, I shall focus only on the uptrend and the downtrend. Once you have narrowed the broker list down to a few candidates, be sure to read the terms and conditions of the respective contracts, and understand what you are in for before you sign anything. Even though the data arrives three days late, the information nonetheless can be helpful since many traders spend their weekend analyzing the COT report.

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