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    Technical Analysis: Forex Analysis & Technical Trading Basics: Forex Trading Success, #4
    Technical Analysis: Forex Analysis & Technical Trading Basics: Forex Trading Success, #4
    Technical Analysis: Forex Analysis & Technical Trading Basics: Forex Trading Success, #4
    Ebook98 pages1 hour

    Technical Analysis: Forex Analysis & Technical Trading Basics: Forex Trading Success, #4

    By Cedric Telstine

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    About this ebook

    Learn The Power of Using Simple Technical Analysis Techniques

    Although the phrase “technical analysis” may sound complex it really doesn’t have to be. Technical analysis is a market analysis technique used by successful individual traders and financial institutions the world over to analyze markets to find opportunities to profit.

    "Technical Analysis: Forex Analysis & Technical Trading Basics"

    Learn The Basics of Technical Analysis - Learn what technical analysis is as well as the basics of technical analysis. See examples of how technical analysis is used to create simple trading strategies.

    Trading Strategies - Learn the basics of trading strategies as we explore a variety of illustrated examples.

    Trading Strategy Optimization - Learn the basics of exploring the best inputs for your trading strategy to create the most stable strategy possible. Included are illustrated examples of evaluating and selecting from a variety of optimization results.

    Money Management - Learn the basics of one of the most underutilized, most powerful of all trading concepts, money management. Learn how money management can grow your account size larger and faster all without increasing your level of risk.

    Trading Strategy Evaluation - One of the most important things you will learn in this book is how to evaluate the performance of a strategy. Most beginning traders "get married on the first date". In other words they commit to a relationship without knowing nearly enough about the "other party". In this case the other party is a trading strategy.

    Included is an introduction to a variety of performance metrics as well as techniques to analyze those metrics to evaluate a trading strategy. This skill is essential whether you intend to build your own strategy or buy a commercially-available strategy. Learning a few simple strategy evaluation techniques can save you a lot of time, money, and grief.

    Risk Control - No technical trading book would be complete without exploring risk control. Learn about using technical analysis to evaluate and control your risk.

    Learn From Illustrated Trading Examples

    Throughout this book you will see a variety of examples trades showing entry and exit points. The logic behind the example trades is explained and illustrations are included to enhance your learning experience.

    Though the examples in this book focus on Forex trading, the concepts and principles can be applied to a wide variety of financial instruments in virtually every market such as stock, futures, etc.

    If you are an experienced and successful trader then you are already putting into practice the information found inside this book. If you are new to trading or haven't been trading successfully, however, you will find information designed to take your trading to the next level.

    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 trading today!

    LanguageEnglish
    PublisherCedric Telstine
    Release dateApr 16, 2015
    ISBN9781513073132
    Technical Analysis: Forex Analysis & Technical Trading Basics: Forex Trading Success, #4
    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

      Technical Analysis - Cedric Telstine

      Technical Analysis

      Forex Analysis and Technical Trading Basics

      Cedric Telstine

      Copyright © 2014 Cedric Telstine

      Get your free Forex trading newsletter and free Forex trading guide:

      CedricTelstine.com

      Table Of Contents

      Why I Wrote This Book

      Why You Should Read This Book

      Introduction

      What Is Technical Analysis?

      The Basics of Trading Strategies

      Trading Strategy Optimization

      Trading Strategy Optimization – Forward Testing

      Money Management Basics

      Performance Metric Basics

      Recap and 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 and better 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 several simple technical analysis concepts and techniques. While the examples shown in this book are based on Forex the concepts and techniques are universally applicable to trading in all markets.

      This book is specifically designed to help you get started on the right path to successful trading.

      Introduction

      Welcome to this basic introduction to technical analysis. Although the phrase technical analysis may sound complex it really doesn’t have to be. Technical analysis is an analysis technique used by successful individual traders and financial institutions the world over to analyze markets to find opportunities to profit.

      We are going to explore a number of technical analysis techniques in an easy-to-follow step-by-step fashion. You'll also learn about the all-important skill of trading strategy evaluation. This particular skill is often missing from the beginning trader’s skill set, but is an absolute essential. Whether you plan to buy a commercially available trading strategy or to create your own trading strategies it certainly makes sense to know how to properly evaluate them. If you really stop and think about it evaluation is important in a

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