Practical Trend Trading Made Easy
By // practicaltrendtrading.com
Successful chefs don’t follow recipe books. In their head, they already have a deep understanding of each ingredient and what it tastes like when combined with other ingredients. Put a dish in front of an expert chef, and he can mentally break it down into its components and modify the recipe. And if he’s really good, he can create anentirely new dish with the same ingredients.
That’s the level of market understanding I want you to attain after going through this book and practising its principles. My goal is for you to be able to look at any price chart, figure out what’s going on, and be able to trade it effectively.
You won’t be getting cookie-cut theories here, since that wouldn’t be useful at the practical level. Instead, you’ll be getting the tools to come up with your own answers, based on what the market “tells” you. It’s this feedback loop that keeps you in touch with the ever-changing nature of the market.
Trading systems and styles come and go, and the only thing we can really count on is our ability to reason and think our way through the inevitable changes that will keep happening in the future.
Only by learning (and practising) how to identify and respond to these changes, can we avoid the traps so many others have fallen into, and continue thriving as traders. In this sense, this book isn’t about teaching you what to think, but how to think like a trader.
To fully benefit from this book, you’ll need a basic understanding of trading. If you don’t know what a candlestick, moving average, or limit order is, this book is probably too advanced for you right now.
If you’re new to Forex trading, check out the trading school at the Baby Pips website There, you can pick up the basics of Forextrading, and come back here afterwards.
It will also be helpful if you already understand the concepts of momentum, rejection, reverse rejection, and anchor candles (that are covered in Candlesticks Made Easy). I won’t be explaining these concepts and will assume you already know how they work.