17 Forex Trading Strategies Collection (4H and Daily Time Frame)
By Thomas Carter
Thomas Carter’s 17 Forex Trading Strategies Collection (4H and Daily Time Frame) addresses the concerns of forex traders who don’t want to trade full-time. Useful and straight-forward, the material teaches simple trading techniques in order to achieve a consistent profit without spending hours upon hours in front of a computer.
In his book on forex trading, author Thomas Carter is clear about the risks involved in the trading world and notes that trading is not suitable for all investors. While the book’s main aim is to teach part-time traders how to make a profit without trading day in and day out, Carter makes the reader understand that he or she needs to have realistic expectations. He notes that currency trading is rather volatile, and it can lead to a trader losing money. Due to these risks, Carter notes that money used for currency trading should be disposable capital and traders should never use capital that could risk their financial stability. This is the very first lesson that Carter imparts before diving into techniques and practical information that every part-time trader should learn.
17 Forex Trading Strategies Collection is a book that teaches novice traders how to trade wisely to eliminate some potential risks. This includes learning how to use daily charts when trading. Carter reiterates the need to be organized to ensure long-term success and also dispels misconceptions that only full-time traders are successful in optimizing the money that they make. Carter notes that apart from an organized approach to trading i.e. monitoring daily trading activities and putting everything in a record to see if the technique is working well, traders also need to be patient. Carter uses specific indicators for the 17 strategies in his book to make it easier for readers to determine what tools they should use.
Length: 36 pages
Publication Date: May 5, 2014