How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life
H**L
Practical and applicable trading system from a 40 year trader.
Of all the pundits and gurus available, this author has the best most practical approach to trading. The techniques are viable and the Channel Breakout strategy is fundamental to trading successfully. Courtney has taken Turtle Trading to a new refined level where the risks are manageable and has techniques to improve the performance of the basic system. This volume is devoted to Forex, though the techniques are applicable to stocks and futures as well as Forex, so when I studied his other works I was familiar with the approach. The techniques Courtney outlines are easy enough to understand with some study. Objective strategies are hard to come by, and this is the focus of his tome. Subjectivity is discouraged, and actual real-world "what do I actually see" is encouraged. Follow the rules as laid out and the results are predictable. He covers the four parts of trading: the Psychology of Trading, or the mindset one must know to survive in the trading environment; Risk Management, an important part of trading so one does not lose one's shirt, still is profitable, and can manage the inevitable losses associated with trading; Fundamental basics for Forex; and mostly the Technical Analysis employed to successfully trade the Channel Breakout and the other trend-following techniques he has in the book, like Coflex, The Bishop, ADX, The Conqueror, and more. Plus, Courtney recommends trading only 15 minutes a day! The idea is that the big money is made on the big moves, and so focus on catching the big moves. Buy your own copy, read it, and see that your own approach to trading is improved!
J**1
Paid for itself on the 1st trade
If you are looking to investment in the Forex market then this is a good starting point.WHAT THIS BOOK IS:1) A complete set of trading strategies with entry and exit points laid out clearly. Although you have to pay some attention to what is being said because there are a couple of 'mis-statements' that won't make sense until you realize they are editting errors and/or typos.2) A long-term way of investing your money in a reasonably conservative fashion.3) A good way of earning 5+% return per month on your capital.WHAT THIS BOOK IS NOT:1) A day trader's bible. All strategies are based on daily and weekly price movements.2) A get rich quick scheme. Face the facts, making 5+% per month is pretty darn good. Anyone who promises more is full of what we hauled out of the calf pens when I was growing up.Yes, all the strategies are probably available for free 'somewhere' on the internet. But for a couple of bucks you get it all in one spot.I have 1+ years experience trading Forex and in the months of September and October 2010 I made 5+% per month using only the strategies in this book.Would I recommend this to a friend - Yes
J**Z
Outstanding!!!
This is probably the 20th book I have bought on Forex. This is, by far, the best. Highly recommend for anyone seeking to make money on Forex. Turned my consistent losses into consistent profits.
G**T
Great insight ...
I am a newbie forex trader with only 7 months experience, who decided to get this book following some comments about the book that I heard first hand from a network of new traders that I keep in contact with. I really enjoyed reading this book. The first chapter on forex basics was nothing new to even my level of experience and the chapters on risk management and psychology of trading reinforced things in my mind that I had read from other sources and learned form my trading coach. There were a number of real gems in the book that made the cost worthwhile for me: trend analysis, channel breakouts and stochastics (particularly the interview with the inventor of that indicator). The Bishop and the Rejection Rule may actually become part of my toolkit to trade forex once I backtest them and understand what they actually offer to my arsenal of trading tools. I would consider this book to be a useful addition to your library of trading materials. Enjoy :)
M**T
A must read for Serious Forex Trading
I've read quite a few books since I've decided to decipher the egnima of Forex. This book is well written and covers some very interesting topics. The stratagies it teaches and some of the perspectives it offer are some of the most useful and luid I have come across.A definate on your reading list!!
S**U
A Ph. D. level book.
This book are excellence summarized the many important subjects of Technical Trading . The topic the author missed was Elliott Wave . The level of the book is expert .
F**S
Great information that can be used straight away
Book is full of valuable common sense information that is usable.I would recommend to anyone who is looking to make extra income by trading currency
N**T
I love it!
This book is amazing and I highly recommend it for anyone who is serious about increasing their wealth through forex trading. Just remember to execute flawlessly. You must do everything (exactly as Courtney instructs) that this book says. If you lose money by not following the system precisely, then you only have yourself to blame.
Trustpilot
2 months ago
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