Without a doubt this book is far superior to anything else available on the subject of forex trading. "Forex Patterns and Probabilities" will become a trading classic not only for the tremendous amount of useful information it provides, but for the easy and fun way that the information is presented. The author, Ed Ponsi, presents very detailed strategies and then demonstrates them to the reader in a very concise manner. This is exactly what I needed and what most traders need - clear, unambiguous directions that explain in perfect detail exactly what the trader must do to make money trading.
This book is a must read. It is packed with lots of information and filled with little distinctions that may seem minor on the surface, but can mean the difference between defeat and success.
Just as important as the great trading techniques are the explanations why they make so much sense. This book cuts through the nonsense, and if you understand what Ed is saying then you realize that much of the other stuff that is out there is pretty useless. Maybe obsolete is a better word, now that this book is out there the bar has been raised and hopefully the quality of other books in this genre will pick up the pace. Read this book!
While most books on trading deal with general concepts and shy away from specifics, Forex Patterns and Probabilities provides you with real-world strategies and a rare sense of clarity about the specific mechanics of currency trading. Leading trading educator Ed Ponsi will explain the driving forces in the currency markets and will provide strategies to enter, exit, and manage successful trades. Dozens of chart examples and explanations will guide you each step of the way and allow the reader to "look over the shoulder" of a professional trader hard at work at his craft.
This book provides traders with step-by-step methodologies that are based on real market tendencies. The strategies in this book are presented clearly and in detail, so that anyone who wishes to can learn how to trade like a professional. It is written in a style that is easy to understand, so that the reader can quickly learn and use the techniques provided.
In recent years, traders have turned to the foreign exchange market expecting to capture substantial profits. While the high availability of leverage within this arena can improve your chances of making money, ultimately the success of your endeavors depends upon how well you understand and operate within this market. Nobody knows this better than author Ed Ponsi. As a professional trader and leading educator of traders, Ponsi has developed a proven approach to trading today's forex market, and now, with Forex Patterns and Probabilities, he wants to share it with you.
While most books on trading deal with general concepts and shy away from specifics, Forex Patterns and Probabilities provides you with real-world strategies and a rare sense of clarity about the specific mechanics of currency trading that will allow you to take advantage of both trending and range-bound markets.
Written in a straightforward and accessible style, Forex Patterns and Probabilities will help you make the most of your time in this market. You'll be introduced to a variety of elements that are essential to forex trading success and discover the best ways to enter, exit, and manage trades. Dozens of chart examples and explanations will guide you each step of the way and allow you to "look over the shoulder" of a professional trader hard at work at his craft.
Divided into four comprehensive parts, this detailed guide:
*Explains the playing field of the forex market, using powerful metaphors that relate trading scenarios to situations in everyday life
*Outlines several specific trading strategies—including the FX-Ed Trend Technique—designed for trending markets
*Delves into a variety of non-trending trading techniques—from the volatility-based Squeeze Play to the hedge fund–inspired Interest Rate Edge—which are all based on unique market tendencies
*Offers an insider's view on how to emulate the behavioral patterns of successful professional traders—and how to escape the mindset of the amateur
*And much more
Download:http://rapidshare.com/files/175947191/Forex_Patterns_and_Probabilities_-_Ed_Ponzi_www.dl4all.com.rar
