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FOREX is the largest financial market in the world with daily trading volume that can surpass 4 trillion dollars a day. This is perhaps the single largest factor for why many try to tackle this widely untapped means of investing. The countless opportunities are too great to ignore, which lead the majority to try this exciting market only to be left tasting their own defeat. Many of these aspiring traders jump into this market without a plan and usually fall subject to the psychological failures of trading: fear and greed. In this book you are expected to learn the following: The ends and outs of trading the Forex and how to succeed How professional traders overcome fear and greed utilizing a trading plan that focuses on probability and calculated risk Specific scalping strategies that focus on precise entry and flexible exit points The importance of predefined risk to reward ratios And much more . . . . . . . Trading the Forex can be extremely exciting and profitable but it requires a trading plan that balances risk and reward. Trading the Forex without a plan is like sky diving with a defective parachute, chances of survival are slim. This book will help uncover highly probable trading methodologies and tactic for creating an edge in trading the Forex.
- Sales Rank: #4876920 in Books
- Brand: Brand: AuthorHouse
- Published on: 2010-11-07
- Released on: 2010-11-07
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .27" w x 6.00" l, .37 pounds
- Binding: Paperback
- 108 pages
- Used Book in Good Condition
About the Author
A native of Canton, MI, Donjo Franklin completed the Bachelors of Economics Degree (2005) on an academic scholarship and later the Masters of Business Administration in Finance (2010). He is currently working on the Doctorate Degree in Finance. Donjo holds the professional designations Series 3 Commodity Futures License and the newly created Series 34 Retail Off-Exchange Forex License. Donjo conceptualized Franklin Global Capital, (an extension of an idea that had sprouted in college) FGC congealed as an official firm in 2008-2009 when the company became a National Futures Association member and gained its CTA registration, with Donjo as NFA Associate Member, a Registered Associated Person (AP) and Approved Trading Principal of the firm. Donjo has been actively trading Forex since 2003. Over the years, he has developed algorithms for exploiting statistical relationships between currencies, exploring interconnections and phenomena outside of what were current mathematical concepts related to pair trading. From these explorations, Donjo developed the Franklin Volatility Index (FDX), an indicator designed to measure statistical relationships between positive and negative correlated currency pairs. For more General Information, Please Visit: www.FranklinGlobalCapital.com
Most helpful customer reviews
8 of 8 people found the following review helpful.
Big Disappointment
By Forex trader
This book is very short and the writing is very big. It contains nothing that you can't find on the Internet in a couple of minutes with google. In fact google is much more valuable. I often will buy a forex book to see if I can get something small out of it. There is nothing in this book of value unless you are an absolute novice and then I would still be scared as I feel you would blow your bankroll on the strategies presented. Trading is not that easy. This book was put out in such a hurry you can't even see the diagrams clearly. Stick with authors like Ponsi.What I find interesting is how many 5 star reviews this book has got, but none of these people have ever reviewed another book !
4 of 4 people found the following review helpful.
Took a chance!
By M. Martinez
While the writing style of this book makes it very straight-forward and easy to understand, it's way too short! The author only presents two strategies with 2-3 trading examples for each.
The first trade setup uses Moving Averages (Simple, Weighted, Exponential) while the second gives some insight on using Bollinger Bands.
Honestly, you can probably find the same amount of information in some of the Forex books going for $0.99 or even free online!!!
If you want more information on trade strategies and setups...look elsewhere!
Good Luck!
1 of 1 people found the following review helpful.
Excellent book with practical advice
By OwlBear34
Forex Trading: Uncut is a slim book but packed with excellent advice from getting started to thinking long term. The key contributions in this book are contained in Chapter 3, The Game Plan which contains three specific strategies for trading Forex. Using the first strategy, I was able to achieve several winning trades in my initial attempts with this strategy. Perhaps most importantly following this strategy, I was able to stay out of a trade that I might have otherwise attempted. I was all set to go long on GBP/USD but held off because one of the signals described by the author of this book was not active. GBP/USD went down and I didn't suffer an unnecessary loss. Staying out of a losing trade more than paid for this great little book.
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