Forex Trading Strategies: Forex Price Action Trading Strategies: Forex Trading Success, #3
1/5
()
About this ebook
Learn To Trade Successfully With Price Action Forex Trading Strategies
A proven Forex trading strategy allows a trader to stay focused and profit in the market. Every successful trader uses trading strategies and you should too.
Price action trading strategies are some of the simplest and most effective ways to trade Forex. In "Forex Trading Strategies" you will learn a number of simple methods for trading price action. These strategies are clearly illustrated with the use of over 50 full-color Forex trading charts.
In this Forex trading book you will learn:
- Specific entry and exit techniques designed to eliminate guesswork in your trading
- The basic components that every successful Forex strategy must have
- Which trades to avoid - You will learn a simple technique to show you which trades are just not worth the risk
- How to use one strategy to validate another - Combine multiple price action strategies for effective confirmation
- How to identify a trend continuation, trend exhaustion, and trend reversal
- How to profit using simple price patterns
- The importance of risk control in Forex analysis
- .... And much much more
You Can Read this book on your PC, Mac, Tablet, and even your SmartPhone!
Download this informative Forex trading book now and start to improve your Forex trading today!
Cedric Telstine
Cedric Telstine's no-nonsense approach to teaching the art and science of Forex trading has won the hearts and minds of individual traders and financial institutions the world over. Mr. Telstine has the unique ability to take even the most complex subject matter and deliver it so that anyone can understand it. Cedric's approach to trading is anything but theoretical. He draws from his many years of real-world, real-money trading experience and generously shares what works and what doesn't work.
Read more from Cedric Telstine
Forex Trading Success How To Stop Lying: And Let The Truth Set You Free! Rating: 0 out of 5 stars0 ratings
Related to Forex Trading Strategies
Titles in the series (5)
Forex Trading Tips: Top Tips For Successful Forex Trading: Forex Trading Success, #1 Rating: 2 out of 5 stars2/5Forex Trading Strategies: Forex Price Action Trading Strategies: Forex Trading Success, #3 Rating: 1 out of 5 stars1/5Forex Trading For Beginners: Forex Strategies For Beginning Traders: Forex Trading Success, #2 Rating: 1 out of 5 stars1/5Technical Analysis: Forex Analysis & Technical Trading Basics: Forex Trading Success, #4 Rating: 1 out of 5 stars1/5Forex Trading Book Bundle: Forex Trading Success, #5 Rating: 3 out of 5 stars3/5
Related ebooks
Technical Analysis: Forex Analysis & Technical Trading Basics: Forex Trading Success, #4 Rating: 1 out of 5 stars1/5Forex Trading Making Pip By Pip: A Step-By-Step Day Trading Strategy Rating: 0 out of 5 stars0 ratingsForex: Strategies on How to Excel at FOREX Trading (Strategies On How To Excel At Forex Trading Rating: 0 out of 5 stars0 ratingsForex Engulfing Trading Strategy: A Complete Forex Trading Strategy That Really Makes Money Rating: 4 out of 5 stars4/5Forex Trading: Part 2: Two strategies with weekly pivots Rating: 5 out of 5 stars5/5Forex Range Trading with Price Action Rating: 5 out of 5 stars5/5Forex Trading: Part 1: Time and Price Strategy Rating: 5 out of 5 stars5/5Day Trading Forex with Price Patterns Rating: 5 out of 5 stars5/5Forex Trading Book Bundle: Forex Trading Success, #5 Rating: 3 out of 5 stars3/5Forex Trading For Beginners: Forex Strategies For Beginning Traders: Forex Trading Success, #2 Rating: 1 out of 5 stars1/5Forex Trading using the End of Day Method Rating: 4 out of 5 stars4/5Pervert Trading: Advanced Candlestick Analysis Rating: 2 out of 5 stars2/5The $300,000 Forex Trading Strategies Rating: 5 out of 5 stars5/5Forex Trading: How to Make Money from Forex Trading Rating: 0 out of 5 stars0 ratingsForex Trading For Working People. Rating: 4 out of 5 stars4/5Forex Trading: Part 3: The Relevance of Price Rating: 5 out of 5 stars5/5Forex Trading: Trading, #1 Rating: 5 out of 5 stars5/5Profit From Forex Price Action: Proven Strategies For A Profitable Trade Rating: 4 out of 5 stars4/5Secrets of Technical Analysis in Forex Trading Rating: 4 out of 5 stars4/5Simple & Easy Forex Trading Strategies Rating: 0 out of 5 stars0 ratingsIntelligent Investor: Trading, #3 Rating: 0 out of 5 stars0 ratingsForex: Strategies on How to Excel at FOREX Trading: Strategies On How To Excel At Trading, #3 Rating: 0 out of 5 stars0 ratingsForex Trading: Part 2: The Relevance of Time Rating: 5 out of 5 stars5/5Expert Advisor and Forex Trading Strategies: Take Your Expert Advisor and Forex Trading To The Next Level Rating: 3 out of 5 stars3/5
Investments & Securities For You
Don't Start a Side Hustle!: Work Less, Earn More, and Live Free Rating: 5 out of 5 stars5/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Girls That Invest: Your Guide to Financial Independence through Shares and Stocks Rating: 5 out of 5 stars5/5You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market P Rating: 4 out of 5 stars4/5Stock Market Investing for Beginners & Dummies Rating: 5 out of 5 stars5/5Day Trading For Dummies Rating: 3 out of 5 stars3/5Stock Investing For Dummies Rating: 5 out of 5 stars5/5How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Rating: 5 out of 5 stars5/5Principles: Life and Work Rating: 4 out of 5 stars4/5ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years Rating: 5 out of 5 stars5/5The Money Game Rating: 4 out of 5 stars4/5How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started Rating: 5 out of 5 stars5/5Just Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game Rating: 5 out of 5 stars5/5How to Invest: Masters on the Craft Rating: 4 out of 5 stars4/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5Disrupting Sacred Cows: Navigating and Profiting in the New Economy Rating: 0 out of 5 stars0 ratings
Reviews for Forex Trading Strategies
1 rating0 reviews
Book preview
Forex Trading Strategies - Cedric Telstine
Table Of Contents
Table Of Contents
Why I Wrote This Book
Why You Should Read This Book
Introduction
Forex Charts
Inside Bar Trading
Channel Breakout Trading
Support and Resistance Trading
Channel Breakout & Support and Resistance Trading
TrendLine Trading
Candlestick Trading
Price Action Price Patterns
Fibonacci Trading
Price Action Combination Trading
Recap
Conclusion
The Forex Trading Success Series
Copyright and Disclaimer
Why I Wrote This Book
I was compelled to write this book because I want to help beginning Forex traders get started the right way.
One of my objectives is to help you avoid some of the foolish mistakes that I made when I first started trading.
You see, most new Forex traders dive right into Forex trading without being prepared. When I first started trading I was in exactly the same situation. I was extremely enthusiastic, but also extremely unprepared to trade effectively.
Forex trading can be extremely lucrative if you know what you are doing. As an example of how lucrative the market can be, there are some individuals that have actually become billionaires through trading. This is an example of the profit potential available in trading. While your objective may not be to become a billionaire, it is nice to know that there are those who have achieved that lofty status in trading.
I had a rocky start with my own personal trading. It seemed like the market was out to get me. Every time I would buy the market would go down. Every time I would sell the market would go up. Needless to say I was extremely discouraged as I saw my account balance plummet.
Fortunately, I had a good sense to stop what I was doing and go back to the drawing board. When I went back to the drawing board I actually discovered a lot about myself and the reasons that I was trading. As I dug deeper I found out that I was trading for the excitement as well as the status of calling myself a, trader
. Well, as it turns out I achieved my objective because I did experience excitement and was able to call myself a, trader
. Unfortunately, I wasn't able to call myself a, successful trader
at the time.
Later, I changed my objective for trading. My objective became to make money regardless of the level of excitement or status it provided. I finally decided to learn what to do before I started doing it. My first up was to develop trading strategies that worked. My second step was to develop the discipline to follow those strategies in order to trade successfully.
If your objective is to become a successful Forex trader, this book will certainly help you get started on the right path.
Why You Should Read This Book
There are any number of ways that you can get started in Forex trading. One of the most common ways is to buy Forex trading software the trades for you automatically. This type of software is known as a Forex robot
and also referred to as a Forex expert advisor
. The good news is that a Forex robot will calculate when to get in and out of trades as well as execute your trades for you. This sounds like the ultimate in hands-free money making doesn't it? Unfortunately, I have yet to see a Forex robot that actually makes money over the long term.
Another way to get started in Forex trading is to simply open an account and to start trading. This particular type of trading is known as, shoot from the hip trading
or hope for the best trading
. The good news is it's easy to get started with this type of trading. The bad news is this type of trading has a very low probability of overall success. I can acknowledge the bad news personally as I foolishly started out trading that way.
Yet another way to get started in Forex trading is to learn from someone who has successfully traded Forex. That is exactly what you can do by reading this book.
This book will help you to gain a basic understanding of Forex trading. It will also help you to avoid many of the needless mistakes that I made my first started out.
This book is specifically designed to help you get started on the right path to successful Forex trading.
Introduction
In order to trade Forex effectively you must have a good Forex trading strategy. Good Forex trading strategies are created using various methods of Forex technical analysis. One such method of Forex technical analysis is known as Forex price action analysis
.
Analysis using Forex price action first requires that we understand a bit about technical analysis in general. Technical analysis is based upon the principle that all things which influence the price of a currency pair will become reflected