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Product Description
Product Description
Written by Wayne McDonell, the Chief Currency Coach at FX Bootcamp, this book shows readers how to successfully trade the Forex market on their own. FX Bootcamp′s Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular technical indicators to formulate a comprehensive market strategy. Readers will then learn how to focus on using this information to create a tactical trading plan––one that will help them pull the trigger to get in and out of a trade. Along the way, McDonell takes the time to discuss the various challenges a Forex trader faces, such as greed, fear, loss, and isolation. As a Forex trader and educator of traders, Wayne McDonell knows what it takes to make it in the competitive world of Forex. And with FX Bootcamp′s Guide to Strategic and Tactical Forex Trading he shows readers how.
From the Inside Flap
As the Chief Currency Coach at FX Bootcamp, author Wayne McDonell helps clients around the world excel in the Forex field by training them to develop and execute a trading plan with military precision. Why does this approach work so well? The answer is simpleâ trading Forex is similar to war in that they are both zero–sum games, and in Forex trading, this means that one trader′s gain can only come from another′s equivalent loss. So, outthinking your opponent is essential to victory in both of these arenas.
Divided into five comprehensive parts, The FX Bootcamp′s Guide to Strategic and Tactical Forex Trading puts this competitive market in perspective and shows you how to achieve success within it. This reliable resource opens with a detailed look at the technical indicators you′ll need to use in your trading endeavors. From here, you′ll discover how to combine these popular indicators to formulate a comprehensive strategy and learn how to use this information to create a tactical trading planâ one that will help you pull the trigger to get in and out of trades.
Besides introducing you to a proven Forex trading methodology and showing you how to improve performance by running your trading operations like a business, this book also addresses some the most important psychological aspects of tradingâ including greed, fear, loss, and isolationâ and discusses what you must do to overcome such obstacles.
In Forex trading, patience and discipline are just as important as technical and fundamental analysis. With The FX Bootcamp′s Guide to Strategic and Tactical Forex Trading, you′ll discover how developing positive trading habits and the right trading skills will put you in a better position to profit over the long haul.
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Customer Reviews
This is a comprehensive education, covering multi timeframe technical analysis and the fundamentals of the global currency market. Relationships between currencies, economic news, international stock markets and commodities are all shown to you and explained well. Most importantly, you learn what it takes to trade. You learn to be self reliant and organised. You'll also learn a lot of interesting facts about the world. You may start giving advice to people on housing prices and the state of the economy. There's no shoddy magical system being sold in this book. What it comes down to is the only way to learn Forex is from an expert, and this guy is a great expert to listen to. FX is tougher than you might think, but luckily this book is awesome.
1) how to identify when the market is trending and what tools you should use when it is(and it isn't!!)
2) what is fundamental analysis and how to use it
3) how to use techninal analysis
4) when to trade.
Again, I have to say I am a novice trader this is why I find all these helpful because all you read online is to use some strategy but noone tells you why to use THESE indicators and what their moves mean! The book doesn't go in depth in any of the points discussed but I find it to be introductory anyway, so if you already are familiar with the former skip it and find an intermediate level book. If however you are trying to make any sense of the forex market like I am this is definately worth reading.
The strategies were easy to follow and made good sense. Read more
If you have a true interest in Forex however, then this is still one of the books to buy. Read more
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