Courtney Smith

How to Make a Living Trading Foreign Exchange (eBook, PDF)

A Guaranteed Income for Life

• Format: PDF

Produktbeschreibung

Solid Forex strategies for capturing profits in today's volatile markets How to Make a Living Trading Foreign Exchange puts the world of Forex at your fingertips. Author Courtney Smith begins with an introduction to the Forex market-what it is and how it works. He then delves into six moneymaking techniques for trading Forex, including his unique Rejection Rule that doubles the profit of basic channel breakout systems. In addition to two specific methods for exiting positions at critical levels, Smith also discusses powerful risk management techniques and successful trading psychology strategies that will keep you one step ahead of the game. * Reveals the secrets of the Forex market and how to create a lifetime of income trading it * Offers advice on maximizing profits during the volatile swings that have increasingly become the norm * Other titles by Smith: Option Strategies, Third Edition, Seasonal Charts For Futures Traders, Commodity Spreads, and Profits Through Seasonal Trading Make more from today's Forex market with How to Make a Living Trading Foreign Exchange.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 208
• Erscheinungstermin: 20. Januar 2010
• Englisch
• ISBN-13: 9780470585634
• Artikelnr.: 37297709

Autorenporträt

COURTNEY D. SMITH is Chairman of the Investment Mentoring Institute, an organization devoted to building great investors. He is also President and CIO of Courtney Smith & Co., Inc., which manages money for institutions, family offices, and high-net-worth individuals. Mr. Smith is the owner and Editor in Chief of Commodity Trading Consumer Research (CTCR)--the premier tracking service for the futures industry--and author of six books, including Option Strategies (Wiley). He has made more than 1,000 TV appearances on shows such as Wall Street Journal Report, Moneyline, and other programs on CNBC, Fox News, Bloomberg, and CNN.

Inhaltsangabe

Preface. Chapter 1 The Basics of Foreign Exchange Trading. Sell a Yard of
Cable. Don't Want To Trade! Transaction Costs. It Never Stops. My Biggest
Losing Trade. The Bottom Line. Chapter 2 Trend Analysis. What Is a Trend?
How to Profitably Trade Bull and Bear Markets. How to Trade the Trend.
Megaphones and Pennants. Average Directional Index. The Bishop. The Bottom
Line. Chapter 3 Channel Breakouts. The Beginnings of Channel Breakouts.
What Is A Channel Breakout? Better Channel Breakouts. The Pros and Cons of
Channel Breakouts. The Bishop. ADX Filter. The Principle of Instant
Gratification. Rejection Rule. The Last Bar Technique. Tactics. Taking
Profits. The Bottom Line. Chapter 4 The Conqueror. The Beginnings of the
Conqueror. What is True Range? Enhancing the Conquistidor. Adjusting the
Stop. The Bottom Line. Chapter 5 Stochastics. What Are Stochastics? How to
Use Stochastics as an Overbought and Oversold Indicator. Trading Signals
from Crossovers. Profitability of Stochastics. Warnings. The Best Way to
Make Money Using Stochastics. Go with the Trend. How I Use Stochastics.
Interview with George Lane. The Bottom Line. Chapter 6 Pattern Recognition.
Inside Days. Double Whammy. Multi-Unit Tactic. Reversal Days. Riding the
Rejection Rule. The Bottom Line. Chapter 7 Risk Management. Stopping Bad
Risk Management. How to Make Sure We Are Never Wiped Out. Good Risk
Management: Fixed Fractional. How Many Contracts Should I Put On? Highly
Correlated Positions. Kelly Formula. Trade Your Equity Curve. Take a Time
Out. Turning Poor Systems into Good Systems. How Big of a Position Should I
Take? The Bottom Line: Diversify Through Time. Chapter 8 Slingshot. The
Importance of Minimizing Losses. Beware of Taking Profits Too Early.
Psychological Profits. Confirmations. Maximum Excursion Analysis. Using the
Slingshot for Profits. The Mini-Slingshot. The Bottom Line. Chapter 9 The
Psychology of Successful Trading. Why Do You Trade? The Pressures of
Trading. Why Do You Lose? Addressing a Lack of Knowledge. Addressing a Lack
of Capital. Addressing a Lack of Self-Discipline. An Example of Overcoming
the Bizarre Twists and Turns of the Mind. Treat Trading as Education.
Stress-Free Trading. Be the Casino. Developing Your Trading Plan. Filling
Out the Plan. The Importance of a Postmortem. The Bottom Line. Chapter 10
Putting It All Together. Diversifying To Reduce Risk. Use a Mental
Checklist. How to Trade Only One Method. The Bottom Line. Epilogue: Key
Insights for Maximizing Your Trading Profits. Appendix : Suggested Reading.
Acknowledgments. About the Author. Index.