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Getting Started in Forex Trading Strategies

Average Customer Rating: (based on 6 reviews)

(4.5 stars vs. 4.0 category average)

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Recommendations by Profile:

Casual Trader
6 of 6 		100%
Intermediate Trader
0 of 0 		0%
Expert Trader
0 of 0 		0%
All Traders 6 of 6 100%

Recommendations by Usage Length:

A month or less
1 of 1 		100%
1 - 3 months
1 of 1 		100%
3 - 6 months
1 of 1 		100%
6+ months
3 of 3 		100%
All Traders 6 of 6 100%

Characteristics:

Pros:
None
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Description: (view full)

Written in a straightforward and accessible style, Getting Started in Forex Trading Strategies is a highly visual guide to foreign exchange trading that introduces you to the Codex Method-a proven process that allows you to tailor a trading strategy to your own personal preferences. Divided into four comprehensive parts, this reliable resource opens with a brief overview of traditional FOREX strategies. From here, author Michael Duane Archer outlines his own personal codex-as he guides you through the process of developing yours-and reveals how to use this approach to make, monitor, and exit a trade. Along the way, Archer reveals the best ways to implement your strategy and discusses the importance of consistently keeping trading records.

Single Review: (view all 6 reviews)

Lance
Lance

Casual Trader

Holy Grail

5/30/2009

7 of 7 customers found this helpful (100%)

Pros:
None
Cons:
None
Bottom Line:
Yes, I would recommend this to a friend
Quote:
Well, from an experienced trader’s point of view, this book is a good read for beginners. It gives tips on how NOT to lose money by knowing the dos and don’ts. Basically, in order to survive in the Forex market, one should know the importance of money management as well as the risks and the emotional stress involved. This book also does not provide the so-called ‘Holy Grail’ system of trading simply because yes – there is no such thing. It’s not even a system or a machine! But I’m pretty sure you can still find the ‘Holy Grail’ because it is within you.
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