7 Winning Strategies for Trading Forex Real and Actionable Techniques for Profiting from the Currency Markets
Many traders go around searching for that one perfect trading strategy that works all the time in the global FOREX (foreign exchange/currency) market. Frequently, they will complain that a strategy doesn’t work. Few people understand that successful trading of the FOREX market entails the application of the right strategy for the right market condition. 7 Winning Strategies For Trading Forex covers: - Why people should be paying attention to the FOREX market, which is the world’s largest and most liquid financial market - How understanding the structure of this market can be beneficial to the independent trader - How to overcome the odds and become a successful trader - How you can select high-probability trades with good entries and exits. Grace Cheng highlights seven trading strategies, each of which is to be applied in a unique way and is designed for differing market conditions. She shows how traders can use the various market conditions to their advantage by tailoring the
User Ratings and Reviews
3 Stars Read the title and think…
7 Winning Strategies for Trading Forex.
Sure, the strategies are listed.
However you never know how to trade them.
If you’re expecting a book with a specific method for making a profit in Forex, this is not the one.
However, you get a lot of good information about the strategies. Not how to profit from them with a specific system, but a lot of good information.
2 Stars Still searching for Forex books
Well, this book is certainly better edited than some other Forex books I’ve read, but is pretty basic. It is a great book for one who knows little about the currency market, but really does not reveal much strategically. I continue to search for a well-rounded, intellectually complex reference on Forex, but perhaps it doesn’t exist yet. My favorite purely Forex reference so far is The Complete Guide to Currency Trading & Investing by Jamaine Burrell. It is not perfect either, but is certainly more detailed.
5 Stars Basics
I give this book a 5 for easy to read, and covers basic stuff such as trendlines and breakout, if you traded stocks then you know much about this. However, it offfers some insights into what moves the currency market.
5 Stars The BEST Book On Forex Trading
This is a great book on forex trading, and has helped me progress into profitable trading after many months of trading. Grace Cheng does a good job explaining how the forex markets work before delving into trading strategies that made a lot of sense, something that is easily overlooked by even people who have already begun trading. For those who are trading and haven’t read this book, get this book, pronto. Hands down, this is the best forex book I’ve ever read and I have read almost all of them. Excellent must-read!
5 Stars This Book Will Be A Classic On Forex Trading
It is refreshing to see a book like this on the topic of forex trading, a book which is written concisely and straight to the point without wasting space. In this book “7 Winning Strategies For Trading Forex”, the author Grace Cheng has done a great job of explaining the specific peculiarity of forex trading for the average individual, and how specific techniques can be applied to certain currency pairs. I am pleased that this book delivers what it was set out to do. She even emphasized that certain strategies are to be used under different market conditions. Realistic traders will find her information very useful and generous. As for those looking for the holy grail book, nothing is ever good for them. If you want a serious book on forex trading to be worth your money, this book will be it.
I’ve read many books on currency trading and I find this book easy-to-understand and appreciate the author’s written snippets of her own observations and experience. Trading knowledge wise, on a scale of 1-10, it has taken me from a level of 2 to 7. The rest will have to come from trading in the trenches myself I suppose. Her knowledge of trading and inner workings of currency trading belies her youth, but if that’s the result of her trading since after her university graduation many years ago, that’s commendable and deserves my respect.
I first heard of Grace Cheng when I saw her on Chicago ABC News early this year and then went to her website. Since then I go to her site almost daily; her way of penning her opinions and observations is unlike those you see on most other broker sites.
I highly recommend this book to anyone who wish to know more about forex trading and those who are wise enough to see beyond her age and gender. This book will be by my side as I trade.
