Ebook High Performance Forex Trading: How To Make Large Profits Using Low Risk Strategies, by Nikos Mermigas
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High Performance Forex Trading: How To Make Large Profits Using Low Risk Strategies, by Nikos Mermigas
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PLEASE NOTE: This book was originally titled "Forex Bounce Trading".
Statistics show that 95% of traders fail in their first year and it's interesting to note most of them are using a trend following forex strategy.
The problem is the market only trends 15% of the time which means 85% of the time traders are using a strategy where the odds are stacked against them.
This is where High Performance Forex Trading comes in. It looks for places to make trades during the non trending periods in the market. These periods are also known as trading range markets or choppy markets.
This style of technical analysis increases the odds for finding more potentially profitable trades since it focuses on the way the market moves most of the time.
This book provides an introductory look into what this style of trading is and provides step by step instructions on how to use it.
In this book you'll learn:
1. How to setup clutter free trading charts to quickly locate bounce trades.
2. How to easily identify key support and resistance levels that cause "bounce trades".
3. Which candlesticks to use to help filter out market noise and give you an exact entry point.
4. Where to place your stops to keep risk low and manageable.
5. Where to exit the trade without any second guessing.
6. How to find bounce trades in trending markets.
7. How to identify when markets are going from trending to non-trending and then back again.
While experienced traders will already know these concepts the author has a special knack for keeping things simple and focused. This means that novice traders will easily get up to speed.
Despite the simplicity of this strategy, Nikos Mermiagas has been using it to professionally manage money for 8 years.
- Sales Rank: #521570 in eBooks
- Published on: 2014-04-04
- Released on: 2014-04-04
- Format: Kindle eBook
Most helpful customer reviews
4 of 4 people found the following review helpful.
Simple and straight forward
By Amazon Customer
Nico add more videos, as usual he is very easy teacher and great mentor. I will be joining his live chat room soon.
3 of 3 people found the following review helpful.
Ok but not great
By TheSimonCowellofbookreviews
I can see how this could be good info for a newbie, even though it's so basic you can get all of this fast and free on the internet. But at the same time it is valid stuff. It might even be a little too simple. The video didn't help much as it was mega drawn out and slow. The more than hour video could have been done in 5-10 minutes.
It might be good for newbies, but overall I'm not impressed. Also, it's a little bit of a promo for their training.
2 of 2 people found the following review helpful.
A great and simple way to trade.
By Jen
Once again Nik delivers. You probably have heard it said many times over "Keep it Simple!" In trading this is critical. Nik has mastered the art of keeping it simple . This book is a great manual for success. Follow the rules and keep it simple and this book will take you far.
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