The 10 Essentials of Forex Trading: The Rules for Turning Trading Patterns Into Profit

By Jared Martinez

Book Overview

Trading the Forex Market can be exciting, adventurous, and financially rewarding. It can also be disastrous for those who are unprepared for its rhythms and movements.

Now, Jared F. Martinez, one of the foremost experts in currency trading, draws upon his vast knowledge and experience to deliver 10 key practices for trading in Forex. The 10 Essentials of Forex Trading shows you how to use charting methods to effectively relate market movements to trading patterns-and turn those patterns into profit.

No matter your level of trading experience, you can develop the skills you need to become a consistently successful foreign currency trader-from using the right trading tools and balancing equity management to trading in buy and sell zones and identifying trends and trendlines. You'll discover what drives the Forex market and how to navigate the three stages of Forex trading: acquiring new trading rules, controlling disciplined thought, and implementing disciplined action.

Martinez also prepares you to:

Understand the financial game of support and resistance between Bulls & Bears Use Japanese Candlesticks to discern the sign language of the market Create an entry strategy and a consistent exit strategy Use Fibonacci as part of your trading approach Forecast sideways movement in the market-and trade it

Martinez shows you how to put it all together to execute a successful trade by finding convergence and analyzing the market on multiple timeframes. You'll also learn how to gain control over your emotions-a vital part of trading on Forex-and eliminate bad habits that can prevent you from becoming a confident, competent, and profitable trader.

To trade the Forex market, you must come to the trading table prepared. The 10 Essentials of Forex Trading arms you with the tools to develop a solid personal trading constitution and reap the financial outcome you desire.

• Format: Hardcover
• Language: English
• ISBN: 0071476881
• ISBN13: 9780071476881
• Release Date: January 2007
• Publisher: McGraw-Hill Education
• Length: 240 Pages
• Weight: 1.10 lbs.
• Dimensions: 9.2" x 0.7" x 6.3"

Customer Reviews

Must reading for the financial savvy

To thrive and survive in this new economy we must move from being investors to becoming traders. FOREX Trading is one of the most dynamic and powerful forms of trading available. Jared Martinez removes the mystique surrounding FOREX and technical analysis. This book is an easy read with powerful strategies. I am impressed that the great Stephen Covey endorses the book and the author. The 10 Essentials of Forex Trading by Jared Martinez is a must read for anyone interested in the Foreign Currency market. Whether you are a brand new Forex trader or an experienced one, the strategies revealed in this book can give you an edge in your currency trading. Jared Martinez has educated 1000's of traders worldwide, and he is a true Forex mentor. If you are serious about becoming a successful Forex trader, I highly recommend that you start with this book. There is a lot of selling in the book on Mr. Martinez school and products but that is good. This book is very informative and will get your interest, however as the 1 star reviewers indicate, the book does not tell you everything. The school and other educational products do.

Essential for the Futures Trader

You won't be disappointed in The 10 Essentials of Forex Trading. I've read it from front to back and find it the perfect learning tool. It has really helped me put Forex Trading into a good perspective. I was attracted by the title of 10 essentials and wanted a good reference book. It is easy to follow and makes the Forex learning experience easier to understand. I'm ready to put what I've learned to work. So should you. Highly recommended.

There is a place for that book in the world

I would recommend every beginner in Forex to read this book. As a person without any financial or investing background I like this book. It was my first book in the industry of market and explained me in simple words what Forex about.

Fantastic Read!

This is about my sixth book this year on FX. However, I have gotten the most out of this book. The author is someone that I feel a real connection to...it's as if he is talking with me not writing to me. Makes the topic easy to understand. I can't say enough about this book. Definitely worth the money!