Whether you're a full-time trader looking to make a living or a part-time trader looking to make some extra money, the foreign exchange (forex) market has what you desire--the potential to make sizeable profits and 24/7 accessibility.
But to make it in today's forex market, you need more than a firm understanding of the tools and techniques of this discipline. You need the guidance of someone who has participated, and prevailed, in this type of fast-paced environment.
Raghee Horner has successfully traded in the forex market for over a decade, and now, in Thirty Days of Forex Trading, she shares her experiences in this field by chronicling one full month of trading real money. First, Horner introduces you to the tools of the forex trade, and then she moves on to show you exactly what she does, day after day, to find potentially profitable opportunities in the forex market.
Part instructional guide, part trading journal, Thirty Days of Forex Trading will show you--through Horner's firsthand examples--how to enter the forex market with confidence and exit with profits.
First Edition, First Printing
Most Helpful Customer Reviews
I have started studying trading about three years ago and Forex specifically for about a year. I find Raghee to be honest and her methods to be simple and I can see how they would work if followed. I myself use Fibonacci levels and MACD and find that they work after a fashion like everything else in trading.
I find it refreshing that Raghee does not try to hype anything in her book (she doesn't even try to sell her indicators). She does like eSignal which is understandable.
The key to any system is that you have to give it time to work. It is very probable to get a string of losses, at which point most traders switch systems. This would be a big mistake. Any trading system must be evaluated over a period of time to get consistent results.
All that said, this book needs a good editor. While the initial chapters are a good introduction, it is not always clear what Raghee is talking about. For example, it would be nice to have a clock face next to...
First off, I am glad I bought this book. I learned a couple of techniques I have never tried before, but I have to admit the material is presented very poorly. The cd included did help, but she doesn't specifically explain her strategy in the cd. The cd is really a recording of her live sessions with her students, who already know her strategy, so for people who just bought the book it is difficult to glean what is really going on.
The book is very frustrating to read. She seems to be incapable of just clearly presenting step by step what her strategy is. Instead there are bits and pieces of clues to what her strategy is hidden here and there in the book. What she should do is rewrite this and explain step by step by step what her strategy is.
And then when you get to the thirty days, that is frustrating too. All you see each day is a setup, but there is never a complete trade - very strange.
I went to her website and submitted some questions...
This book's title is deceptive. It isn't about 30 days of trading, it is about thirty days of Horner identifying market trends and applying her analytics without once placing a trade. Granted, she does give a cursory outline of her "wave" theory, but everything else (Fibonaci retracements, MACD, trend lines, etc.) is pretty standard fare. I'm sorry I purchased this book. Your money is better spent elsewhere, which is ultimately what I did.
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