How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life

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John Wiley & Sons, Feb 2, 2010 - Business & Economics - 208 pages

Solid Forex strategies for capturing profits in today's volatile markets

How to Make a Living Trading Foreign Exchange puts the world of Forex at your fingertips. Author Courtney Smith begins with an introduction to the Forex market-what it is and how it works. He then delves into six moneymaking techniques for trading Forex, including his unique Rejection Rule that doubles the profit of basic channel breakout systems. In addition to two specific methods for exiting positions at critical levels, Smith also discusses powerful risk management techniques and successful trading psychology strategies that will keep you one step ahead of the game.

  • Reveals the secrets of the Forex market and how to create a lifetime of income trading it
  • Offers advice on maximizing profits during the volatile swings that have increasingly become the norm
  • Other titles by Smith: Option Strategies, Third Edition, Seasonal Charts For Futures Traders, Commodity Spreads, and Profits Through Seasonal Trading

Make more from today's Forex market with How to Make a Living Trading Foreign Exchange.

 

Contents

CHAPTER
1
Transaction Costs
7
Trend Analysis
13
How to Trade the Trend
21
Average Directional Index
27
Better Channel Breakouts
35
The Bishop
40
The Principle of Instant Gratification
46
Multiunit Tactic
95
Riding the Rejection Rule
101
How to Make Sure We Are Never Wiped Out
108
Trade Your Equity Curve
114
The Importance of Minimizing Losses
120
The MiniSlingshot
128
The Pressures of Trading
136
An Example of Overcoming the Bizarre Twists
143

Tactics
52
Adjusting the Stop
63
How to Use Stochastics as an Overbought
69
Warnings
75
Go with the Trend
81
The Bottom Line
89
Developing Your Trading Plan
149
The Bottom Line
155
Key Insights for Maximizing Your
161
Suggested Reading
177
Index
183
Copyright

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About the author (2010)

COURTNEY D. SMITH is Chairman of the Investment Mentoring Institute, an organization devoted to building great investors. He is also President and CIO of Courtney Smith & Co., Inc., which manages money for institutions, family offices, and high-net-worth individuals. Mr. Smith is the owner and Editor in Chief of Commodity Trading Consumer Research (CTCR) the premier tracking service for the futures industry and author of six books, including Option Strategies (Wiley). He has made more than 1,000 TV appearances on shows such as Wall Street Journal Report, Moneyline, and other programs on CNBC, Fox News, Bloomberg, and CNN.

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