Overview

Play the forex markets to win with this invaluable guide to strategy and analysis Day Trading and Swing Trading the Currency Market gives forex traders the strategies and skills they need to approach this highly competitive arena on an equal footing with major institutions. Now in its third edition, this invaluable guide provides the latest statistics, data, and analysis of recent events, giving you the most up-to-date picture of the state of the fast-moving foreign exchange markets. You'll learn how the interbank currency markets work, and how to borrow a strategy from the biggest players to profit from trends. Clear and comprehensive, this book describes the technical and fundamental strategies that allow individual traders to compete with bank traders and gives you comprehensive explanations of strategies involving Intermarket relationships, interest rate differentials, option volatilities, news events, and more. The companion website gives you access to video seminars on how to be a better trader, providing another leg up in this competitive market. The multi-billion-dollar foreign exchange market is the most actively traded market in the world. With online trading platforms now offering retail traders direct access to the interbank foreign exchange market, there's never been a better time for individuals to learn the ropes of this somewhat secretive area. This book is your complete guide to forex trading, equipping you to play with the big guys and win-on your own terms. Understand how the foreign currency markets work, and the forces that move them Analyze the market to profit from short-term swings using time-tested strategies Learn a variety of technical trades for navigating overbought or oversold markets Examine the unique characteristics of various currency pairs Many of the world's most successful traders have made the bulk of their winnings in the currency market, and now it's your turn. Day Trading and Swing Trading the Currency Market is the must-have guide for all foreign exchange traders.

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9781801564052

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Kobayashimar M. 5.0 out of 5 stars The Secret To A Successful Penny Stock Trader Are Within These Pages Reviewed in the United States on May 7, 2020 Verified Purchase Very informative and I found entertaining, if you are currently contemplating dabbling in penny stocks or you are currently trading penny stocks or low price stocks this book is for you. Whether you like Tim Sykes or not shouldn't matter if you want to become a successful trader you have to put your bias aside and read this book. It's a treasure trove of invaluable insights to trading the most volatile stocks in the market. Within the pages, you will learn the secret to successfully trading penny stocks and make millions. I'm going to spoil it for you and let you in on the secret. The study, Study, Study and then Study some more, that is the Sykes secret. So if you are looking for a get rich quick short cut then this is not for you, this is a book filled with hard-learned lessons that are applicable today as they were yesterday and will be tomorrow. It'll take hard work and at times a lot of pain in order to become a professional trader. Jumpstart your trading career and give this book a read, you won't regret it.

Author Information

ABOUT MARK Mark Azisis a leading global influencer in stock, options, and forex trading. He is Canadian-born, travels the world, and currently resides primarily in the Caribbean. He started his first business at seventeen and has been a full-time entrepreneur since. He first started on the markets working for a Wall Street titan on assessing stock market trading system on penny stocks and small caps stocks. Then he joins the forex proprietary trading desk of a major US bank, developing different options strategies to hedge currency trades dynamically. His personal style has evolved from value investor to swing trader, then day trader, and more recently, adding algorithmic trading structures and machine trading to his repertoire. His edge is in exploiting short-term technical information that most traders would not have access to and fundamental/conventional trading discipline in detail, detail, detail. Institutional clients consider him as one of the best structural traders in the business. In his words, My best skill-set does include day-to-day management in running a trading system. My best-offered skill-sets are trading strategies modeling (which does assist day-traders, swing and options traders), trader mentoring, coaching, and market advice as it relates to short to medium-term investing (market inflection). His style is best suited to those that treat trading and investing as a serious endeavor, whether it be trading part-time, swing trading, or full-time day trading. Specific to day trading or short swings, you will typically find him in the market for a short period of time and in stock equities that have sector momentum, specific chart set-ups, or a news catalyst. He avoids risk like the plague. His goal is to compound his wins at 1% or more per day (what he refers to as compound trading). You will regularly find him starting a small account, challenging himself to compound it over a specific period of time. He will also trade momentum stocks in the morning (or when the news is breaking), specifically when the set-up is unusually attractive. He will also swing trade equities when the market is in a predictable uptrend and not at risk. He regularly trades futures, stocks, options, currency, and crypto-related instruments. The knowledge gained while learning the technical mechanics of being an expert compound trader will undoubtedly increase your win rate and make you a better trader with momentum plays, swing trading, and value investing. If you can maintain a decently high win-rate, then you only need to take one to three trades per day to achieve the desired result. One of the most important components is limiting loss. In other words, if you want a .20 - .40 gain for a 1% - 2% gain on a 20.00 stock, then you better limit your downside to .5 to .10 cents - a disciplined stop loss method becomes critical. Another important component is liquidity. In other words, sizing into a trade as your account gets larger can be more difficult (as can chipping out your exit). This is mitigated in many ways, primarily through choosing market or sector trades with huge liquidity and more frequent trading. He knows that 90% or more-day traders lose and that most consider a 60% win-rate a good to a great record, but he doesn't buy into that and does not accept a win rate less than 80% as good. You will find him aggressively transparent and, as you allow, aggressively committed to seeing every trader.

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