Forex Knowledge Strategy | Increase Profit Forex Commodity Trading

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.

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Book Description:

Discover a New Approach to Analyzing Price Fluctuations in the Foreign Exchange Market Forex Wave Theory provides spot currency speculators and commodity futures traders with an innovative new approach to analyzing price fluctuations in the foreign exchange. Written by Jim Bickford, a successful veteran online spot currency trader, this expert financial tool explains the four most significant categories within technical analysis_pattern recognition, econometric models, crossover trading systems, and wave theory_and includes critical definitions of technical terms. Forex Wave Theory examines in detail different length cycles of two through six waves, with special emphasis on their predictive reliability. The book also converts raw security data (OHLC quotes) to swing data through the application of a refined minimum reversal algorithm. Based on solid mathematical and statistical models, Forex Wave Theory is a highly visual resource that uses over 200 images to explore: * Currency Markets_ Spot Currencies; Currency Futures * Technical Analysis_ Pattern Recognition; Econometric Models; Crossover Trading Systems; Wave Theory * Reversal Charts_Point & Figure Charts; Renko Charts; Swing Charts * Brief History of Wave Theory_ Origin of Wave Theory; Gann Angles; Kondratiev Wave; Elliott Wave Theory; Gartley Patterns; Goodman Swing Count System * Two-Wave Cycles_Two-Wave Cycle Properties; Enhancing the Forecast * Three-Wave Cycles_Basic Three-Wave Cycle Types; Forecasting the Third Wave * Four-Wave Cycles_Multi-Wave Cycle Names; Four-Wave Cycle Properties * Five-Wave Cycles_Properties; Forecasting the Fifth Wave * Six-Wave Cycles_Properties; Forecasting the Sixth Wave; Double-Wave Forecasting * Advanced Topics_Data Operations; Swing Operations This on-target reference also features instructive case studies of the author's unique method, together with a wide range of important supplemental information covering ISO currency pairs, exchange rates, global banking hours, basic three-wave cycles, and related resources. A vital tool for success in the currency market, Forex Wave Theory gives traders a powerful new method for analyzing fluctuations in the foreign exchange markets_and accurately determining market waves. About the Author James L. Bickford began trading in commodity futures in the early 1980s

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