4 Keys to Profitable Forex Trend Trading
Unlocking the Profit Potential of Trending Currency Pairs
By Christopher Weaver
4 Keys to Profitable Forex Trend Trading
Unlocking the Profit Potential of Trending Currency Pairs
By Christopher Weaver
Jacket text
The forex market is huge, and the potential to make money from it immense, but how should you structure your trading in order to profit from it? Technical analyst Christopher Weaver shows you how to improve your trading of trending currency pairs using trend lines, channels, Fibonacci retracements and symmetrical triangles.
These are the four keys to making money trading forex. And this is no surface guide; the author explores in-depth how every key works, why they are useful, their different variations, and, most importantly, two practical strategies for each which take full advantage of their strengths.
The concepts behind the keys can sound mysterious, but Christopher lays bare their workings with plain English and sharp insight. Fully illustrated with charts and examples, this is a unique and essential guide to making successful trades in the most exciting market out there.
About the author
Christopher Weaver is a technical analyst who has spent extensive time trading and studying the trends and movements of the Foreign Exchange Market. He believes in making trading accessible to anyone willing to commit the time and effort needed to master this Market and has personally mentored hundreds of new traders. As well as having written books and trading manuals on the subject, Christopher speaks around the world about forex trading.
Christopher divides his time between London, where he teaches Advanced Trading Courses for one of the largest Trader Training Centres in the world, and his home in rural Wiltshire, where he lives with his wife and their three young children.
Media coverage
From Traders' Magazine:
The currency pairs which make up the foreign exchange market provide us with some of the most reliable trading trends. This is due to the high daily liquidity, or volume, of the market. The foreign exchange (forex) market as a whole trades around US$4 trillion every day – far more than all of the major… Read more »
From MoneyMaker Magazine:
Invariably the foreign exchange market provides traders with some of the clearest and most reliable trends. This is in the most part due to the high daily liquidity, or volume, of the market. The FX market as a whole trades around US$4 trillion every day – far more than all of the major stock markets… Read more »
From FX Trader Magazine:
Christopher Weaver is a technical analyst who has spent extensive time trading and studying the trends and movements of the foreign exchange market. He believes in making forex trading accessible to anyone willing to commit the time and effort needed to master this market and has personally mentored hundreds of new traders. His new book… Read more »
From Your Trading Edge:
My experience as a forex trader has certainly taught me a lot. Some of the things that I have learned are completely relevant to forex trading, while others are seemingly less relevant to the “world of charts”. I believe that one of the most important things that I have learned, which is relevant to both,… Read more »
From Money Observer:
Book competition The foreign exchange market is complex, but the opportunities to profit from it are endless. In 4 Keys to Profitable Forex Trend Trading, analyst Christopher Weaver explains how to make money from trending currency pairs. To win one of five copies, send your name and address to moneyobserver.ed@moneyobserver.com. The winners will be chosen… Read more »
From Traders Day Trading:
4 Keys to Profitable Forex Trend Trading: Book Review by Kenny of Tradersdaytrading.com Christopher Weavers 4 Keys to Profitable Forex Trend Trading gives the reader an in depth explanation of 4 simple, but very effective trend trading techniques. Although the author describes them as Forex trading strategies, as with virtually all technical analysis methods, these… Read more »
From Trading Diary :
Forex trader Christopher Weaver talks about his new book ?4 Keys to Profitable Forex Trend Trading? with Trading Diary. 1. Who are you? I have been around the trading scene for a while. Having never really worked for any large financial institutions, the majority of my trading has been private accounts. I spent a few… Read more »
From Benzinga:
Technical analyst Christopher Weaver has spent extensive time trading and studying the trends and movements of the foreign exchange market. With his new book, 4 Keys to Profitable Forex Trend Trading, available via Harriman House, Weaver aims to teach that forex trading is accessible to anyone willing to commit the time and effort needed to… Read more »
Contents
Preface
Introduction
Key 1 - Trend Lines
The Theory
- Primary strength: tells you whether to buy or to sell
- Some practicalities
- Basic trend line characteristics
- Trend line types
- Trend line projection
Entry and Exit Strategies
1. Trend line bounce strategy
2. Trend line break strategy
- Key 1 Summary
Key 2 - Channels
The Theory
- Primary strength: creates a trending range
- Channel characteristics
- Channel types
- Channel zone projection
Entry and Exit Strategies
1. Channel bounce strategy
2. Channel break strategy
- Key 2 Summary
Key 3 - Fibonacci Retracement Levels
The Theory
- Primary strength: reveals hidden support/resistance levels
- Fibonacci retracement level characteristics
- Fibonacci types
- Overlapping Fibonacci levels
Entry and Exit Strategies
1. Fibonacci bounce strategy
2. Fibonacci break strategy
- Key 3 Summary
Key 4 - Symmetrical Triangles
The Theory
- Primary strength: clear message - indecision
- Symmetrical triangle characteristics
- Symmetrical triangle types
- Symmetrical triangle zone projection
Entry and Exit Strategies
1. Symmetrical triangle bounce strategy
2. Symmetrical triangle break strategy
- Key 4 Summary
Using the Keys Effectively
Which currency pairs should we trade?
The trend strength of the cross rates
The locked chart
Multiple key confirmations
Examples of multiple key confirmations
Conclusion
Index
| Published: | 30/01/2012 |
|---|---|
| Edition: | 1st |
| Pages: | 188 |
| Formats: | paperback - ISBN 9780857190895 ebook - ISBN 9780857192080 |
If you’d like to get in touch with the author for interview or comment, or you’d like a review copy of this book, please contact us at pr@harriman-house.com or call +44 (0)1730 233870.
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