7 Winning Strategies For Trading Forex: Real and Actionable Techniques for Profiting from the Currency Markets is a definitive guide written by Grace Cheng, a well-respected Forex trader and educator. This enlightening work is specifically tailored for those looking to profit from the global Forex market, shedding light on the author’s own tried-and-tested strategies.
Cheng’s book offers readers an insightful view of the Forex market, building a firm understanding of why currencies move and how to predict their movement. The seven strategies featured in this book are explained with simplicity, backed by practical examples, and designed to work in different market conditions, making it a versatile resource for traders of all levels.
The author’s winning strategies cover a wide range of critical aspects, from how to spot and ride trending currency pairs to managing trading risk effectively. Each of the seven strategies is comprehensive, spanning initial charting setup, entry points, stop placement, and profit targets, which collectively ensure a holistic approach to Forex trading.
In addition to the strategies, Cheng’s book lays emphasis on the psychological aspect of trading. It discusses how to maintain discipline, handle losses, and avoid common emotional pitfalls, as these are equally crucial in the journey to becoming a successful trader.
One of the stand-out features of “7 Winning Strategies For Trading Forex” is its real-world orientation. Each strategy is supplemented with real-world trading scenarios, which illustrate how to implement the strategies during actual trading situations. This practical focus helps translate theoretical understanding into profitable trading actions.
In essence, “7 Winning Strategies For Trading Forex” is an essential resource for anyone wishing to trade Forex successfully. With its unique blend of technical knowledge, practical strategies, and psychological insights, this book offers a clear pathway to Forex trading proficiency. Whether you’re a novice or a seasoned trader, Cheng’s comprehensive guide is a valuable addition to your trading library.