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Thursday, April 26, 2012

21 CANDLESTICKS EVERY TRADER SHOULD KNOW

About the Author

Dr. Melvin Pasternak has studied and traded the stock market for more than 40 years, having made his first trade in 1961. For more than a decade he taught classes in technical analysis for TD Waterhouse and also instructed stock market classes at the college level for many years.

Melvin holds both Ph.D. and M.B.A. degrees and writes a trading oriented newsletter called the Swing Trader at www.streetauthority.com. Dr. Pasternak is a regular technical analysis commentator for CBC radio, Canada's national radio station. His stockpicking methods have been profiled in several newspaper articles.

Dr. Pasternak actively trades his own account where the methods described in this book form a key part of his decision making. In his best year, he multiplied his account
several hundred percent and completed more than 80% of his trades profitably..

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Tuesday, April 24, 2012

MASTERING the CURRENCY MARKET

Forex Strategy for High and Low Volatility markets 

Book Description:

“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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DAY TRADING & SWING TRADING the CURRENCY MARKET


Book Description:

Discover a variety of technical and fundamental profit-making strategies for trading the currency market with the Second Edition of Day Trading and Swing Trading the Currency Market. In this book, Kathy Lien–Director of Currency Research for one of the most popular Forex providers in the world–describes everything from time-tested technical and fundamental strategies you can use to compete with bank traders to a host of more fundamentally-oriented strategies involving intermarket relationships, interest rate differentials, option volatility, news events, and central bank intervention

Reviews 

I was reluctant to purchase this book because i feared this one would be as many other books i have bought before: tutorial on basics, with examples that are hard to follow. I was wrong but i am giving it a four star because the one area i believe is very important to discuss stop-loss management she was not very helpful - still better than most books i read - for that i think you need to read Agustin Silvani's book.

Aside from that this book is an excellent instruction book on swing and day trading. The book very succintly explains the preparation for the trading day and the two strategies you can follow: fundamental or technical. Although i don't use some of her strategies i do use a couple and am in the process of designing my system for the others.