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    Forex Trading Strategies: Forex Price Action Trading Strategies: Forex Trading Success, #3
    Forex Trading Strategies: Forex Price Action Trading Strategies: Forex Trading Success, #3
    Forex Trading Strategies: Forex Price Action Trading Strategies: Forex Trading Success, #3
    Ebook109 pages1 hour

    Forex Trading Strategies: Forex Price Action Trading Strategies: Forex Trading Success, #3

    By Cedric Telstine

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    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!

    LanguageEnglish
    PublisherCedric Telstine
    Release dateApr 15, 2015
    ISBN9781507043820
    Forex Trading Strategies: Forex Price Action Trading Strategies: Forex Trading Success, #3
    Author

    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

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      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

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