Getting Started in Forex Trading Strategies (Getting Started In…..)

By admin • Jul 8th, 2008 • Category: Finance

Getting Started in Forex Trading Strategies (Getting Started In…..)

Getting Started in Forex Trading Strategies (Getting Started In…..)
By Michael Duane Archer

Publisher: Wiley
Number Of Pages: 190
Publication Date: 2007-11-09
ISBN-10 / ASIN: 0470073926
ISBN-13 / EAN: 9780470073926
Binding: Paperback

A Highly Visual Guide To Developing A Personal Forex Trading Strategy

Getting Started In Forex Trading Strategies

“A great next step to read for the beginning trader. It contains practical advice and resources on trading FOREX that only come with experience.”
-Derek Ching, President, Hawaii Forex

“We have members from over 125 countries on our Web site and plan to make Getting Started in ForexTrading Strategies a ‘must read’ for those looking to trade the FOREX market. It is good to see a book that emphasizes the importance of other elements, such as money management, which are crucial to master if one is to stay in this game. Well done!”

-Jay Meisler, cofounder, Global-View.com

Written in a straightforward and accessible style, Getting Started in Forex Trading Strategies is a highly visual guide to foreign exchange trading that introduces you to the Codex Method-a proven process that allows you to tailor a trading strategy to your own personal preferences.

Divided into four comprehensive parts, this reliable resource opens with a brief overview of traditional FOREX strategies. From here, author Michael Duane Archer outlines his own personal codex-as he guides you through the process of developing yours-and reveals how to use this approach to make, monitor, and exit a trade. Along the way, Archer reveals the best ways to implement your strategy and discusses the importance of consistently keeping trading records.

In his previous book, Getting Started in Currency Trading, Archer set a solid foundation for trading the currency market by illustrating how it operated. Now, with Getting Started in Forex Trading Strategies, Archer goes a step further by showing you how to cultivate a personal trading strategy that will allow you to succeed within this dynamic environment.

Summary: Excellent book and support from the author
Rating: 5

I found this book to be the missing link in my trading. I’ve long been struggling to find a framework with which I could understand and develop a complete trading strategy. The author does an excellent job with the codex approach in both explaining his framework and providing an example using his Goodman Swing trading system (in addition he also shares this system for those would like to use it). The book also provides very good insight into all the components of a complete trading strategy, how they work together and why they must be complimentary, thus allowing the strategy to evolve or adapt. The author was very prompt in responding to my email asking for some clarifications, and in fact provided me with more information than I asked for. The book is well written and edited, there was very little that was not clearly explained and very understandable. Thanks again to Mr. Archer and his editors for what I believe is one of the best books on trading system/strategy development available today.

Summary: A book to read many times
Rating: 5

This book is a must! If you are a trader with some experience, you’ll find many good habits that everyone should learn at the beginning…and not after loosing money..
Practical to plan your trading activity, rich of emotional and money management advises.
If you’re looking for the holy grail of trading systems, this in not the case, but if you think about being a full time trader, this is rich of good material to learn.

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