Synopsis:
This is the third book in Jim Brown’s Currency Trading book series. The series aims to arm forex traders with all the information and tools they need to make a success of currency trading. This book clearly explains divergence and how it works as an important indicator, focusing on the popular and widely available MetaTrader platform, using either the MT4 or MT5 versions.
Review:
This is not a book for beginners. For new traders just starting out, one of the author’s other books, Forex Trading: The Basics Explained in Simple Terms, would be a better choice. In fact, the whole series is useful reading for new forex traders. This particular book focuses in on the importance of divergence, how to analyze it and how to use it to make smarter, more profitable trading decisions.
The author covers this topic in detail, including a definition of divergence, how to set up your charts, entering a trade after divergence has been identified, stop loss placement and trade re-entry technique. Brown also covers important issues such as trade management and high-risk money management techniques.
The book comes with various bonuses, including Brown’s personal custom indicators and an invitation to join a private Facebook group where the author calls his trades live, publishes his results and shares a weekly trade analysis video. With many authors of forex books, this kind of transparency and proof is completely lacking, so it is refreshing to see an author willing to publicly assure readers he is an active and successful trader. This book is a good investment for keen forex traders interested in learning about divergence.
Details:
ASIN: B01NALFY75
Format: Kindle
Length: 84 pages
Sold By: Amazon Digital Services LLC
Publication Date: December 20, 2016
Language: English
