Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss by Don Snellgrove is a comprehensive guide that offers a unique approach to profitable Forex trading, designed to minimize risk and maximize returns. This book offers a practical, hands-on exploration of Snellgrove’s proprietary trading system—Selective Forex Trading (SFX) and is an invaluable resource for both novice and experienced traders alike.
Snellgrove, a seasoned trader and founder of the proprietary trading firm Concorde Forex Group (CFG), shares his professional insights and trading strategies in a manner that is easy to comprehend and put into practice. The book elucidates his SFX method which involves picking only the best trades, ensuring optimum results with minimal risk.
The author gives readers a complete walkthrough of his innovative SFX system, providing insights into understanding the trading platform, interpreting Forex charts, timing trade entries and exits, and managing money and risk. Snellgrove explains how to identify and exploit the best trading opportunities and how to avoid unprofitable trades, highlighting the importance of patience and discipline in trading.
One key feature of the book is its emphasis on maintaining a positive trading psychology. Snellgrove discusses the common emotional pitfalls traders face, such as fear, greed, and overconfidence, and offers practical tips to maintain emotional balance and make rational trading decisions.
“Selective Forex Trading” also includes real-life examples and case studies to illustrate Snellgrove’s principles and strategies in action, helping readers understand how to apply these techniques in real-world trading scenarios.
In essence, “Selective Forex Trading” offers a profound understanding of the nuances of Forex trading, allowing traders to cultivate the skills and mindset needed to excel in the highly competitive and volatile world of Forex trading. The book’s balance of theory, practical strategies, and psychological insights make it a must-read for any individual looking to enhance their trading acumen.