Beat the Odds in Forex Trading presents a practical approach that adds certainty and systematization into Forex trading. Author and industry professional Igor Toshchakov shows how recurring market patterns--which can be recognized on a simple bar chart--can be successfully used to trade the Forex market. Written for traders at every level, this valuable resource discusses the challenges of developing a trading method, while revealing the author's approach to the market--both from a philosophical and tactical point of view. Beat the Odds in Forex Trading contains specific trading strategies based on recognizable market patterns and offers detailed information on entry and exit points, profit targets, stop losses, risk evaluation, and much more.
Praise for Beat The Odds In Forex Trading
"Beat the Odds in Forex Trading provides traders with tremendous value by disseminating the trading methods and philosophy of one of the most remarkable Forex success stories since Soros."
-Alexander De Khtyar, President, Forex International Investments, Inc.
"Beating the odds in the Forex market is no easy task, but this book is certainly going to shift those odds in your favor. Mr. Toshchakov's outstanding performance in the Forex market is a testament to this."
-Val Sigaev, Director of Peregrine Financial Group, Eastern Europe Division
"This book is an extremely revolutionary way to look at the market, and the author does not just provide you with real hands-on theories on how to make real, serious money, but actually lives and breathes them. Out of all of the books on the subject of Forex, I found this one to be a real gem. The author provides an absolutely brilliant approach on how to trade and be successful in the biggest market in the world."
-Gene Spektor, CEO, American Heritage Capital Group
"Toshchakov's approach and strategy to trading Forex is reminiscent of the gambits utilized by great Russian chess masters. This is a primer for the novice or a useful guide to the professional trader."
-Joseph A. Boystak, President & CEO, Chopin Capital Partners, LLC
Inhaltsverzeichnis
Introduction vii
PART I Recommendations to Novice Traders 1
CHAPTER 1 How to Get Started 3
CHAPTER 2 Establishing a Trading Account 7
CHAPTER 3 Choosing the Right Dealer 15
PART II Developing a Trading Method 25
CHAPTER 4 Psychological Challenges of Speculative Trading 27
CHAPTER 5 Discretionary versus Mechanical Trading Systems 33
CHAPTER 6 Technical and Fundamental Analysis 37
PART III The Igrok Method 51
CHAPTER 7 Philosophy of the Igrok Method 53
CHAPTER 8 Evaluating Probabilities Using Technical Analysis 59
CHAPTER 9 Basic Trading Strategies and Techniques 77
CHAPTER 10 Choosing a Currency Pair to Trade 95
CHAPTER 11 Money Management Rules and Techniques 97
CHAPTER 12 Market Behavior and Trader Discipline 103
PART IV Short-Term and Intraday Trading Strategies Using the Igrok Method 111
CHAPTER 13 Principles of the Intraday Trading Plan 113
CHAPTER 14 Entering the Market 117
CHAPTER 15 Exiting the Market 125
CHAPTER 16 The Importance of Timing 133
CHAPTER 17 Trading Strategy During the Central Bank Intervention 141
PART V Templates for Short-Term and Intraday Trading 145
CHAPTER 18 Average Daily Trading Range Templates 147
CHAPTER 19 Technical Formation Templates 159
CHAPTER 20 Trendlines, Support, and Resistance Templates 191
CHAPTER 21 A Sample Trade 207
Index 211
