Books best sellers See more. The methodology is sound building upon the great works of fractals and target levels. Technical Indicators for Trends "Great read in order to get started investing for beginners like me. I have bought every system under the sun in the realm of equities, forex, and futures. Shopbop Designer Fashion Brands.
This book on Forex-Trading offers a quick yes or no to you getting into this form of Trading or Trading at all. The in's and where's cover who gets involved, why they chose Forex - Trading and what type of risk factors are borne. I can only say from my understanding of market trading which is none this book has helped me make up my mind about attempting to get engaged via Forex-Trading.
Frankly I am out. As to the book itself this decision was easily made because the book is clear on how, why or should anybody trade this way. Of course there are those that can see inherent benefits and have a reasonable grasp of the market who will buy into this system of trading.
I am happy for them and they should be happy with me. We both learned a lot from this overview of Forex-Trading. Forex is a tricky bit. I have been a trader mostly equities and commodities for over 2 decades.
So, I consider myself above "good". When you can actually trade on the fundamentals of equities, you cannot really do that well with Forex as the fundamentals are greater than what one can analyze instantly. So, you ll have to rely on techniques of forex trading, chart reading, ratings, etc. This is where this book comes into play. It introduces certain techniques that anyone can benefit from. I am never going to trade in forex especially with leverage, however, for those who will, and will start as a beginner, I think this books covers some of the important ones.
Very insightful guide about forex trading, i found it so useful that thanks to this book i was already able to make money. This book is in 22 small pages.. I like this book and would recommmend it to intermediate to advanced traders.
Beginners are not ready for this system. As everyone else has pointed out, the strategies in this book are really just a combination of other methods commonly used by many traders.
Also, Miner cherry-picked the charts, as I rarely see such a beautiful ABC correction like the one in this book. The same chart one of XAU in November continues to show up again and again in multiple chapters. All in all, the strategies are fine, but nothing special in this book. I have mostly positive things to say about this book, but there are also some things I didn't like. On the positive side, Miner lays out a trading plan that is comprehensive and specific--much more so on both counts than you are likely to find in most other trading books.
He presents four tools to work with: Moreover, he devotes a good bit of space in the book to examples that show readers how to use these concepts, including entry, exit and position sizing considerations. Also, Miner appears to be the real deal. He has actually won a real-time trading contest and speaks from long experience as a trader. You'd be surprised at how many so-called trading gurus have minimal or no trading experience. It's hard to know for sure, of course, but I think Miner's trading credentials are genuine.
A CD is included with the book to add another dimension to the learning experience. All in all, you can tell that Miner has expended considerable time and effort to make sure that purchasers of the book are rewarded for the money they've invested in it. For those who are wondering about the differences between this book and Miner's earlier work, "Dynamic Trading," there are several things to be aware of.
The primary addition to the new work is multiple-time-frame momentum analysis. This is a major component of Miner's strategy. It is the first concept he discusses in the book, and it is the key component he uses to screen for trading opportunities. In my opinion, the book is worth having merely for that reason. Beyond multiple-time-frame momentum analysis, Miner has simplified his discussion of pattern, price and time from what we saw in "Dynamic Trading.
Despite Miner's attempt at simplifying, I'd say the book's level of difficulty is relatively high. It is not a book most people will be able to breeze through--mainly because of the numerous examples--but it is one that will repay careful study.
And, as I said, one advantage of the book is that you are getting a comprehensive trading framework. If you read only this one book and faithfully follow Miner's advice, you should have everything you need to be successful as a trader.
It is helpful, but not absolutely crucial, to use Miner's Dynamic Trader software when implementing his system. I think the software would be especially helpful if you are trading on shorter time frames.
Certainly for trading from daily charts, and possibly for shorter time frames, it might work to use a spreadsheet or a calculator to make the relatively simple calculations that are required. Ultimately, this is a question readers will have to answer for themselves. In my opinion, much of what Miner teaches can be implemented whether you own his software or not. Now for what I didn't like about the book. Miner has a brash, arrogant style of writing that I find tiresome. He also makes a habit of belittling virtually every other source of trading information, as though he were the only honest, competent vendor out there.
Hence, you frequently run across sentences like this one on page Additionally, I find Miner inconsistent on some key points.
For example, on page 23 he rails against trading instructors who present methods for trading in trading-range markets. Says Minor indignantly and in italics , "You can never know in advance if a market is going to begin a trading range--never. If a correction is something like a trading range, which seems a reasonable assumption, isn't Miner, in effect, proposing that we can know what he earlier said was impossible to know?
What's more, after spending most of the book trumpeting that his tools will enable readers to trade with high probability, he announces on page while hammering home the importance of limiting losses , "Listen up, reader. That puts Miner's methods about on a par with a number of completely mechanical trend-following systems.
I don't buy many trading books any more, but this is one I'm glad to have in my library. I will likely use it, in conjunction with some other tools I have that are geared specifically for the stock market, to trade stock index futures and ETFs--and hopefully raise that win percentage! Read more Read less. Customers who bought this item also bought. Page 1 of 1 Start over Page 1 of 1. Ultimate Proven Guide to Profitable Trading: Proven Strategies For Maximum Profit.
Forex Trading Money Management System: For Beginning and Struggling Traders. Product description Product Description Discover Profitable Forex Trading This book is for those of you who are just starting to consider trading Forex, but don't know where to start, given the overwhelming amount of information on the internet. Kindle Edition File Size: John Liberty Press; 2 edition 6 July Sold by: Amazon Australia Services, Inc.
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