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by Wayne McDonell (Author)

Editorial Reviews

Product Description

A straightforward guide to trading todays dynamic Forex market

Written by Wayne McDonell, the Chief Currency Coach at FX Bootcamp, this book shows readers how to successfully trade the Forex market on their own. FX Bootcamps Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular technical indicators to formulate a comprehensive market strategy. Readers will then learn how to focus on using this information to create a tactical trading plan^^one that will help them pull the trigger to get in and out of a trade. Along the way, McDonell takes the time to discuss the various challenges a Forex trader faces, such as greed, fear, loss, and isolation. As a Forex trader and educator of traders, Wayne McDonell knows what it takes to make it in the competitive world of Forex. And with FX Bootcamps Guide to Strategic and Tactical Forex Trading he shows readers how.

From the Inside Flap

In The Art of War. renowned military strategist Sun Tzu states, The general who wins the battle makes many calculations in his temple before the battle is fought. The general who loses makes but few calculations beforehand. While this observation comes from one of the oldest military treatises in the world, its an important piece of advice for traders looking to win in todays dynamic Forex market.

As the Chief Currency Coach at FX Bootcamp, author Wayne McDonell helps clients around the world excel in the Forex field by training them to develop and execute a trading plan with military precision. Why does this approach work so well? The answer is simpletrading Forex is similar to war in that they are both zero-sum games, and in Forex trading, this means that one traders gain can only come from anothers equivalent loss. So, outthinking your opponent is essential to victory in both of these arenas.

Divided into five comprehensive parts, The FX Bootcamps Guide to Strategic and Tactical Forex Trading puts this competitive market in perspective and shows you how to achieve success within it. This reliable resource opens with a detailed look at the technical indicators youll need to use in your trading endeavors. From here, youll discover how to combine these popular indicators to formulate a comprehensive strategy and learn how to use this information to create a tactical trading plan one that will help you pull the trigger to get in and out of trades.

Besides introducing you to a proven Forex trading methodology and showing you how to improve performance by running your trading operations like a business, this book also addresses some the most important psychological aspects of tradingincluding greed, fear, loss, and isolationand discusses what you must do to overcome such obstacles.

In Forex trading, patience and discipline are just as important as technical and fundamental analysis. With The FX Bootcamps Guide to Strategic and Tactical Forex Trading. youll discover how developing positive trading habits and the right trading skills will put you in a better position to profit over the long haul.

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ebook

235 pages Publisher: Wiley (September 22, 2008) Language: English ISBN-10: 0470187700 ISBN-13: 978-0470187708

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