7 Winning Strategies for Trading Forex PDF

7 Winning Strategies for Trading Forex PDF Real and actionable techniques for profiting from the currency markets.

Category: Forex

Language: English

Download link: At the end of the article

Preface

The global forex market, being the world’s most liquid financial market, offers many exciting opportunities for traders to profit from exchange rate fluctuations. And the development of sophisticated online foreign exchange trading platforms in recent years has attracted many traders to the market – traders who seek an income in addition to their day job or those who wish to trade a new market besides stocks and futures.

Who this book is for

This book is primarily for those who are new to the world of currency trading and are curious about how they can make money from the forex market. Existing traders who are trading on demo or live accounts should also find some useful advice in this book.
Some knowledge of candlestick charting is assumed as I will be using candlesticks to display the high, low, opening and closing prices in the charts throughout the book.
Contrary to popular belief, you don’t have to be rich in order to trade forex today. All you need to start is a computer with fast and stable internet access and a relatively small account with a broker

About this book- 7 Winning Strategies for Trading Forex PDF

This book describes seven fundamental and technical trading strategies for trading the foreign exchange markets. 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.

Even though each strategy has its own general guidelines, do note that all these strategies are open to individual customisation – flexibility is one of the key ingredients of becoming a successful trader. 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.
In my years of trading the forex market, I have found that consistent success came from basing my trading philosophy on three M’s:
• Mind
• Money
• Method
While this book focuses primarily on the Method portion, I wish to emphasise that for any strategy to be profitable, mind mastery and money management must also be incorporated as part of a holistic approach in enhancing one’s overall trading performance – as performance is not assessed based on just a few trades, but on a series of trades made over a specific period of time.
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.

About author

Grace Cheng is an experienced, full-time forex trader who is well-versed in technical, fundamental and sentiment analysis, which she utilises in her trading.
She occasionally writes for trading and investment publications such as Technical Analysis of Stocks & Commodities, The Trader’s Journal and Smart Investor, as well as for online financial portals such as Investopedia. She has also been featured in newspapers, magazines, newsletters and on TV.

Grace is the creator of the PowerFX Course which is designed for both new and intermediate traders to jump-start their trading performance. Grace has mentored hundreds of independent traders through her PowerFX Course.
Her web site is at: www.GraceCheng.com

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