Day Trading Strategies: Beginner’s Guide to Tools, Tactics, Psychology, and Setup pattern
By Branden Lee
With so many different types of forex trading strategy out there, it can be hard to figure out exactly where to begin. Branden Lee positioned his book based on the idea that day trading is one of the best to help kickstart a trading career and make it a full-time investment strategy rather than a hobby.
Brandon Lee sets out his stall with how anyone can pick up his book and learn how to become a day trader, by following some of his key rules for success.
It starts off with this idea that it is less time and effort to follow this and do well than it is to create a healthy retirement fund through other means, whether this is in real estate or by setting up a business.
Once explaining the general concept of day trading and how it can differ from other forex and CFD trading habits, it moves on to managing risk, spotting the right trades, and knowing when to move in the market.
From here, it moves onto a wealth of different strategies which he says will be able to make a huge difference to the effectiveness of it all, including how to learn from candlestick patterns, discover the art of reversal and resistance trading.
As well as this, any reader will pick up aspects of ABCD trading, which is a more evolved idea of trial and error investment, meaning an individual is likely to get a better return, and also learn from what goes wrong at the same time.
Like with all trading books, this is unlikely to deliver an overnight transformation on its own, but it brings a healthy dose of clarity on how to break the day trading market and is most suited for those with an idea of how trading works who want to take next steps.
Paperback: 98 pages
Publisher: Independently published (18 Dec. 2017)