Product Description

A straightforward guide to trading today's dynamic Forex market

Written by Wayne McDonell, the Chief Currency Coach at FX Bootcamp, this book shows readers how to successfully trade the Forex market on their own. FX Bootcamp's Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular technical indicators to formulate a comprehensive market strategy. Readers will then learn how to focus on using this information to create a tactical trading plan--one that will help them pull the trigger to get in and out of a trade. Along the way, McDonell takes the time to discuss the various challenges a Forex trader faces, such as greed, fear, loss, and isolation. As a Forex trader and educator of traders, Wayne McDonell knows what it takes to make it in the competitive world of Forex. And with FX Bootcamp's Guide to Strategic and Tactical Forex Trading he shows readers how.

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Product Details

Publisher	Wiley
ISBN	0470187700
Features	ISBN13: 9780470187708 Condition: New Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
Format	Hardcover
Author	Wayne McDonell
EAN	9780470187708
Label	Wiley
Dewey Decimal Number	332.45
Studio	Wiley
Number Of Pages	235
Title	The FX Bootcamp Guide to Strategic and Tactical Forex Trading (Wiley Trading)
Publication Date	2008-09-22
Manufacturer	Wiley

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Customer Reviews

Great read if you don't know how to use Google

Review by Karol Komorowicz, 2010-08-23

or any other search engine. It's a great first read (if you never plan on becoming a professional trader that is) - moving averages, pivots, fibs, etc.
the problem is....professional traders could care less about that jazz!
it's all about momentum! something that can only be learned by lossing lots and lots of your hard earned money before you realize you have
to pin point your entries to the pip.
giving X pips to make X pips is a useless concept...do you know why? the market doesn't care what you want to make, it goes and reverses then goes again
it's about catching momentum and you only do this by trading, no trading books will teach you this...go out and trade and stop reading "how to" books

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Comprehensive

Review by aipuo, 2010-08-17

Even though this book is comprehensive, I do not think I
can trade after reading it. There are plenty of interesting
sub-headings like 'Free House' which makes the book an easy-
read.

The fundamental analysis seems better than the technical
analysis. The best part of the book is part 2. I picked up
three ideas for what to trade. They are the carry trade, commodity correlation, and the stock market correlation. I
also learned the calculation for pivot points but I am not
clear about how to use them or if they are useful.

I do not understand how the fibonacci ratios 78% and 121%
were obtained by the author. MACD 34/55/8 was recommended.
But can the author or somebody clarify if it is for a daily
chart, 30-minute, or 15-minute chart? It was not explicitly
mentioned. The same goes for MA 5/8. How is it used?

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cd

Review by Casey Dandeneau, 2010-04-06

This book brings a lot of things into perspective and gave me a much better approach to trading.

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Very Practical Forex book

Review by DW, 2010-03-08

Excellent book. Provides insight into things you should know before trading - commodity correlations, currency correlations, technical and fundamental analysis (different from the basic analyses of so many other books). It is a really motivating book as well.

Don't read it with expectations of becoming a great trader, the onus is on you to be a great trader not the book. However, Wayne provides good tools and as i said before motivation. If you have been trading for a while you will still find this book motivational. The book is a must buy for your fx book collection.

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A great starter

Review by Medhat M. Helal, 2010-03-07

Wayne is a fun to read expert, leads you to the actual trading process, in an safe and easy manner.
The book covers most of the necessary aspects of trading, and conforts your weaknesses.
However, the charts quality is the only downside of the book.

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