An effective way to reverse a trade’s fortune
Almost all trading books focus on “winning” trades. But winning trades can be hard to come by, especially when you’re just starting out. Turning Losing FOREX Trades into Winners takes a look at this discipline from a different angle, examining effective methods for dealing with trades that are in a losing position. First, it guides the trader through the various steps of determining if a trade is with or against the overall trend. Then, it explains how to decide when a trade should be closed or left open. While this reliable resource is filled with in-depth insights and expert advice that will help readers gain a better understanding of today’s FOREX market, it also contains hundreds of chart examples that will provide step-by-step instructions on how traders can recover from losses.
From the Back Cover
Turning Losing Forex Trades into Winners
“This book offers traders an opportunity to reduce losses and exposure to margin accounts. Excellent!” — Don Snellgrove, BMed, professional trader; founder and President of CFGtrading; and author of Selective Forex Trading
Forex trading is a zero-sum game, where one trader’s winnings are another trader’s losses. To excel in this arena, making the right decisions is important, especially when a trade goes against you.
Author Gerald Greene—an accomplished trader and developer of real-time charting software for Concorde Forex Group—knows what it takes to overcome the occasional obstacles that this market presents, and now, with Turning Losing Forex Trades into Winners, he shares his valuable insights with you.
Written in a straightforward and accessible style, this reliable resource—which takes a technical approach to trading—will put you in a better position to manage losing trades and make the most of prevailing market conditions. Some of the essential tools and techniques discussed throughout these pages include:
- Trend lines and trend walls
- Stochastics
- Convergence and divergence
- Fibonacci ranges
- Cost averaging
- And much more
Rebounding from losing trades is difficult, but not impossible. With Turning Losing Forex Trades into Winners, you’ll be prepared to face this challenge with the confidence that you can respond and recover from anything the market throws your way.
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