The Quarters Theory: The Revolutionary New Foreign Currencies Trading Method by Ilian Yotov is a groundbreaking book that presents an innovative approach to understanding and trading the volatile forex markets. This book is aimed at both novice and experienced traders, promising to change the way you perceive and interpret price movements in the foreign exchange market.
Yotov’s Quarters Theory revolves around the idea that price fluctuations within each currency’s 1000 PIP range can be analyzed and predicted by dividing them into quarters, each of 250 PIPs. He argues that these quarters act as major psychological points that trigger significant price movements.
The book meticulously explains the mechanics of the Quarters Theory, equipping readers with a profound understanding of its underlying principles. Yotov presents clear-cut guidelines for applying this theory to real-time trading, including the identification of key price levels, the roles of full and target prices, and strategies for long and short positions.
Furthermore, Yotov delves into a series of advanced trading techniques based on the Quarters Theory, offering a new perspective on commonly used trading tools such as trendlines, moving averages, and Fibonacci retracements. The book also includes an exclusive section on managing risk and maximizing rewards, thereby ensuring a balanced trading approach.
What sets Yotov’s work apart is his systematic and detailed approach. The book is filled with insightful examples, charts, and diagrams that help illustrate the theory and its application to practical trading scenarios. Readers also gain access to the author’s own trading system, which incorporates the Quarters Theory for making precise trading decisions.
In essence, “The Quarters Theory” is a revolutionary approach to forex trading, challenging conventional wisdom and offering traders a systematic and predictable way to navigate the market. It’s a must-read for anyone seeking to gain an edge in the competitive world of forex trading.