Automated Forex Trading Systems

Forex on Five Hours a Week: How to Make Money Trading on Your Own Time

Editorial Reviews

Product Description
Praise for
Forex On Five Hours A Week
“The style allows Raghee Horner to tackle the thorniest concept for beginning traders to understand from the outset—shorting. The explanation is one that is the best I’ve read in many a book, all because she is conversing with you within the pages.” —KIARA ASHANTI, ACTIVE TRADER MAGAZINE

“Just who is Raghee Horner? That’s easy. If you are a forex trader, Raghee Horner is a young woman who can change your life. She can turn your losses into profits. She can take the mystery out of trading this incredible market.”—PETER McKENNA, INVESTOR’S BUSINESS DAILY

Trading the forex market has become one of the most popular forms of trading. It’s a 24/7 job for many. But what if you have a day job and only a little time to dedicate to the market?

In Forex on Five Hours a Week, top forex trader Raghee Horner shows you how, with a few key techniques and just five hours a week, you can capture consistent profits in the forex market.

From the Inside Flap
Trading the forex market has become one of the most popular forms of trading, mainly because of its twenty-four-hour access and the fact that there is always a bull market available in this arena—a concept that is rather attractive today.

But what if you don’t want to become a full-time trader? What if you just want to spend some time trading because you already have a job you like? Or what if you’re just looking to make a few extra dollars every month trading on the side? That’s where Forex on Five Hours a Week comes in.

With this book, author Raghee Horner—a top forex trader and trusted teacher of trading systems—distills her forex strategies into the most streamlined systems possible, and shows those with little time to dedicate to the market everything they need to know to capture consistent profits.

By sharing her extensive experience in classic charting techniques, price action, and market psychology, Horner enables traders and investors of any skill level to quickly capitalize on, and make money from, the forex market. Page by page, she lays out a blueprint for fitting forex trading into your current schedule and skillfully addresses how to analyze the market, use visual and objective tools, and formulize a successful trading plan. Along the way, Horner also covers many other essential elements of this discipline, including focusing on the right indicators and set-ups, working across multiple time frames and pairs, and understanding the role of individual financial centers.

Successful trading shouldn’t be defined by time, but more importantly, by results. With Forex on Five Hours a Week as your guide, you’ll learn how to execute successful forex trades without spending every waking hour in front of a computer screen.

About the Author
Raghee Horner is a private trader, founder of EZ2Trade Software, entrepreneur, and author. She is a regular contributor to a number of sites, including FXStreet, Trading Markets, and eSignal, as well as a featured speaker at the forex and Traders Expos. Horner’s commentary and analysis is seen daily by thousands of traders at Raghee.com, gotforex.com, forextraderdaily.com, and her personal blog, ragheehorner.com. She is also the author of the Wiley titles Thirty Days of Forex Trading and Forex Trading for Maximum Profit.

Product Details
* Hardcover: 194 pages
* Publisher: Wiley (January 12, 2010)
* Language: English
* ISBN-10: 0470436433
* ISBN-13: 978-0470436431
* Product Dimensions: 9 x 6.1 x 0.8 inches
* Shipping Weight: 14.4 ounces
* Average Customer Review: No customer reviews yet. Be the first.
* Amazon.com Sales Rank: #104,473 in Books

Day Trading For Dummies (Business & Personal Finance)

Editorial Reviews

Product Description
Day trading is undoubtedly the most exciting way to make money from home. It’s also the riskiest. Before you begin, you need three things: patience, nerves of steel, and a well-thumbed copy of Day Trading For Dummies—the low-risk way to find out whether day trading is for you.

This plain-English guide shows you how day trading works, identifies its all-too-numerous pitfalls, and get you started with an action plan. From classic and renegade strategies to the nitty-gritty of daily trading practices, it gives you the knowledge and confidence you’ll need to keep a cool head, manage risk, and make decisions instantly as you buy and sell your positions.

Learn how to:
* Set up your accounts and your office
* Connect with research and trading services
* Plan and research trades carefully and thoroughly
* Comply with regulations issues and tax requirements
* Leverage limited capital
* Cope with the stress quick-action trading
* Sell short to profit from price drops
* Evaluate your day-trading performance
* Use technical and fundamental analysis
* Find entry and exit points
* Use short-term trading to establish a long-term portfolio

You’ll also find Top-Ten Lists of good reasons to go into day trading, or run from it in terror, as well as lists of the most common (and expensive) mistakes day traders make. Read Day Trading For Dummies and get the tips, guidance, and solid foundation you need to succeed in this thrilling, lucrative and rewarding career.

From the Back Cover

Features sample trading plans
Know the markets, gain confidence, and buy and sell like the pros
Want to succeed as a day trader? This plain-English guide shows you how day trading works, identifies the all-too-numerous pitfalls, and gives you a step-by-step action plan to get started. From classic and renegade strategies to the nitty-gritty daily practices, you’ll see how to keep a cool head and manage risk while you buy and sell your positions.

Discover how to :
*      Set up your accounts and your office
*      Plan and research trades
*      Comply with regulatory issues
*      Leverage limited capital
*      Profit from price drops
*      Make better portfolio decisions

About the Author
Ann C. Logue is the author of Hedge Funds for Dummies (Wiley, 2006). She has written for Barron’s, The New York Times, Newsweek Japan, Wealth Manager, and the International Monetary Fund. She is a lecturer at the Liautaud Graduate School of Business at the University of Illinois at Chicago. Her current career follows 12 years of experience as an investment analyst. She has a B.A. from Northwestern University and an M.B.A. from the University of Chicago at Illinois, and she holds the Chartered Financial Analyst (CFA) designation.

Beat the Forex Dealer: An insider’s Look Into Trading Today’s Foreign Exchange Market (Wiley Trading)

Editorial Reviews

Review
“…could help novices avoid much of the pain…a brutall honest appraisal of how currency markets work.” (Investors Chronicle, April 24th 2009)

Product Description
The foreign-exchange market is often referred to as the Slaughterhouse where novice traders go to get ‘chopped up’. It is one of egos and money, where millions of dollars are won and lost every day and phones are routinely thrown across hectic trading desks. This palpable excitement has led to the explosion of the retail FX market, which has unfortunately spawned a new breed of authors and gurus more than happy to provide misleading and often downright fraudulent information by promising traders riches while making forex trading ‘easy’.

Well I’ll let you in on a little secret: there is nothing easy about trading currencies. If you don’t believe me then stop by Warren Buffet’s office and ask him how he could lose $850m betting on the dollar or ask George Soros why his short yen bets cost him $600m not once but twice in 1994. What’s wrong with these guys, don’t they read FX books?

In reality, the average client’s trading approach combined with the unscrupulous practices of some brokers make spot FX trading more akin to the games found on the Vegas strip than to anything seen on Wall St. The FX market is littered with the remains of day traders and genius ’systems,’ and to survive in the long-run traders have to realize that they are playing a game where the cards are clearly stacked against them.

Have you ever had your stop hit at a price that turned out to be the low/high for the day? Bad luck perhaps? Maybe. What if it happens more than once? Do you ever feel like the market is out to get you? Well guess what, in this Zero Sum game it absolutely is.

Covering the day-to-day mechanics of the FX market and the unsavoury dealings going on, Beat the Forex Dealer offers traders the market-proven trading techniques needed to side-step dealer traps and develop winning trading methods. Learn from an industry insider the truth behind dirty dealer practices including: stop-hunting, price shading, trading against clients and ‘no dealing desk’ realities.

Detailing the dealer-inspired trading techniques developed by MIGFX Inc, consistently ranked among the world’s leading currency trading firms, the book helps turn average traders into winning traders; and in a market with a 90% loss rate winning traders are in fact quite rare! More than just a simple manual, Beat the Forex Dealer brings to life the excitement of the FX market by delivering insights into some of the greatest trading triumphs and highlighting legendary disasters; all written in an easy to read style.

Make no mistake about it there is a lot of money to be made in currency trading, you just have to know where to look. Sidestepping simple dealer traps is one way of improving your daily p&l, but it is surely not the only one. Successful trading comes down to taking care of the details, which means skipping the theoretical stuff and providing only up-to-date, real-life examples while sharing the FX trading tips that have proved so profitable over the years. By stripping away the theory and getting down to the core of trading, you too will find yourself on the way to beating the forex dealer!

From the Back Cover
The foreign-exchange market is often referred to as the Slaughterhouse where novice traders go to get â˜chopped upâ. It is one of egos and money, where millions of dollars are won and lost every day and phones are routinely thrown across hectic trading desks. This palpable excitement has led to the explosion of the retail FX market, which has unfortunately spawned a new breed of authors and gurus more than happy to provide misleading and often downright fraudulent information by promising traders riches while making forex trading â˜easyâ.

Well Iâll let you in on a little secret: there is nothing easy about trading currencies. If you donât believe me then stop by Warren Buffetâs office and ask him how he could lose $850m betting on the dollar or ask George Soros why his short yen bets cost him $600m not once but twice in 1994. Whatâs wrong with these guys, donât they read FX books?  Â

In reality, the average clientâs trading approach combined with the unscrupulous practices of some brokers make spot FX trading more akin to the games found on the Vegas strip than to anything seen on Wall St. The FX market is littered with the remains of day traders and genius â˜systems,â and to survive in the long-run traders have to realize that they are playing a game where the cards are clearly stacked against them.

Have you ever had your stop hit at a price that turned out to be the low/high for the day? Bad luck perhaps? Maybe. What if it happens more than once? Do you ever feel like the market is out to get you? Well guess what, in this Zero Sum game it absolutely is.

Covering the day-to-day mechanics of the FX market and the unsavoury dealings going on, Beat the Forex Dealer offers traders the market-proven trading techniques needed to side-step dealer traps and develop winning trading methods. Learn from an industry insider the truth behind dirty dealer practices including: stop-hunting, price shading, trading against clients and â˜no dealing deskâ realities.

Detailing the dealer-inspired trading techniques developed by MIGFX Inc, consistently ranked among the worldâs leading currency trading firms, the book helps turn average traders into winning traders; and in a market with a 90% loss rate winning traders are in fact quite rare! More than just a simple manual, Beat the Forex Dealer brings to life the excitement of the FX market by delivering insights into some of the greatest trading triumphs and highlighting legendary disasters; all written in an easy to read style. By stripping away the theory and getting down to the core of trading, you too will find yourself on the way to beating the forex dealer!

About the Author
One of the pioneers in foreign-exchange trading, Agustin Silvani developed one of the first retail-oriented currency programs and currently leads the team of professionals at MIGFX Inc, consistently rated among the top-ten currency traders as ranked by Barron’s, Futures, and Currency Trader Magazine. Mr Silvani’s experience in FX ranges from the interbank to the retail sector, helping manage portfolios ranging from $1 million to more than $10 billion in size, and is a regular contributor to the financial press.

Product Details
* Hardcover: 236 pages
* Publisher: Wiley (November 24, 2008)
* Language: English
* ISBN-10: 0470722088
* ISBN-13: 978-0470722084
* Product Dimensions: 9.2 x 6.1 x 1 inches
* Shipping Weight: 12.8 ounces
* Average Customer Review: 4.6 out of 5 stars
* Amazon.com Sales Rank: #81,142 in Books

Forex Patterns & Probabilities: Trading Strategies for Trending & Range-Bound Markets

Editorial Reviews

Product Description
While most books on trading deal with general concepts and shy away from specifics, Forex Patterns and Probabilities provides you with real-world strategies and a rare sense of clarity about the specific mechanics of currency trading. Leading trading educator Ed Ponsi will explain the driving forces in the currency markets and will provide strategies to enter, exit, and manage successful trades. Dozens of chart examples and explanations will guide you each step of the way and allow the reader to “look over the shoulder” of a professional trader hard at work at his craft.

This book provides traders with step-by-step methodologies that are based on real market tendencies. The strategies in this book are presented clearly and in detail, so that anyone who wishes to can learn how to trade like a professional. It is written in a style that is easy to understand, so that the reader can quickly learn and use the techniques provided.

From the Inside Flap

In recent years, traders have turned to the foreign exchange market expecting to capture substantial profits. While the high availability of leverage within this arena can improve your chances of making money, ultimately the success of your endeavors depends upon how well you understand and operate within this market. Nobody knows this better than author Ed Ponsi. As a professional trader and leading educator of traders, Ponsi has developed a proven approach to trading today’s forex market, and now, with Forex Patterns and Probabilities, he wants to share it with you.

While most books on trading deal with general concepts and shy away from specifics, Forex Patterns and Probabilities provides you with real-world strategies and a rare sense of clarity about the specific mechanics of currency trading that will allow you to take advantage of both trending and range-bound markets.

Written in a straightforward and accessible style, Forex Patterns and Probabilities will help you make the most of your time in this market. You’ll be introduced to a variety of elements that are essential to forex trading success and discover the best ways to enter, exit, and manage trades. Dozens of chart examples and explanations will guide you each step of the way and allow you to “look over the shoulder” of a professional trader hard at work at his craft.

Divided into four comprehensive parts, this detailed guide:

* Explains the playing field of the forex market, using powerful metaphors that relate trading scenarios to situations in everyday life
* Outlines several specific trading strategies—including the FX-Ed Trend Technique—designed for trending markets
* Delves into a variety of non-trending trading techniques—from the volatility-based Squeeze Play to the hedge fund–inspired Interest Rate Edge—which are all based on unique market tendencies
* Offers an insider’s view on how to emulate the behavioral patterns of successful professional traders—and how to escape the mindset of the amateur
* And much more

Today’s forex market contains some of the most profitable trading opportunities in the world. With the practical strategies and trading methodologies found in Forex Patterns and Probabilities you can uncover these opportunities and achieve long-term financial success along the way.

From the Back Cover

Praise for Forex PATTERNS & PROBABILITIES

“Ed has the experience, he has the knowledge, and he has the ability to wrap it all up into one of the most useful and insightful books on trading that I’ve read. You’re going to be a better trader with the help of this book.”
—Rob Booker, independent currency trader, and author of Adventures of a Currency Trader

“This book is a must-read for any equities trader who is trying to learn the ins and outs of the forex markets. Ed has the rare gift among traders and educators to take complex trading theories and break them down into interesting and easy-to-digest trading concepts. I have personally had the benefit of studying live with Ed, and I found this book a great review of my live courses with him and now use it as my main forex reference book in my trading library. Ed you truly are the rock star of the FX markets. Well done!”
—Michael J. Di Gioia, cofounder, the Results-Driven Financial Network

“Forex Patterns and Probabilities is one of the best practical forex trading books I have read, and I have read a good many forex books! Ed thoroughly teaches those areas that cause most difficulty for new traders, from economic fundamentals to technical trading to the psychological aspects that are so important but ignored by so many new to trading. Peppered throughout with anecdotes from the trading and non-trading world, Ed’s easygoing, homespun style gets his message across very effectively. This work is destined to become essential reading for both new and established traders.”
—George Hallmey, Director, www.Clickevents.com

“Ed Ponsi is a complete teacher! Forex Patterns and Probabilities covers it all for forex and trading in general. This book will teach you the foundations, the tactics, the pitfalls, and the ‘real’ world of forex. As Director of Education for the Online Trading Academy, I understand the importance of education and trading knowledge. . . Forex Patterns and Probabilities, while focused on forex, allows the reader to see the nuances of trading in general—fundamental, technical, psychological, plan management, and a strong, healthy dose of risk management and discipline.”
—Mike McMahon, Director of Education, Online Trading Academy

About the Author

Ed Ponsi is the President of FXEducator.com and is the former chief trading instructor for Forex Capital Markets. He is an experienced professional trader and money manager who has advised hedge funds, institutional traders, and individuals of all levels of skill and experience. Ponsi is featured on the FXEducator.com DVD series, Forex Trading with Ed Ponsi. He is a dynamic public speaker who has appeared on numerous television and radio programs, and is a frequent guest lecturer at trading conventions and seminars around the world.

Product Details
* Hardcover: 272 pages
* Publisher: Wiley (July 27, 2007)
* Language: English
* ISBN-10: 0470097299
* ISBN-13: 978-0470097298
* Product Dimensions: 9.1 x 6 x 1.1 inches
* Shipping Weight: 1.1 pounds
* Average Customer Review: 4.5 out of 5 stars
* Amazon.com Sales Rank: #39,811 in Books