--Alexander De Khtyar, President, Forex International Investments, Inc.
Add certainty and systematization into Forex trading with this practical approach. Author and industry professional Igor Toshchakov shows how recurring market patterns--which can be recognized on a simple bar chart--can be successfully used to trade the Forex market. Written for traders at every level, this valuable resource discusses the challenges of developing a trading method, while revealing the Toshchakov's approach to the market--both from a philosophical and tactical point of view. You'll discover specific trading strategies based on recognizable market patterns, get detailed information on entry and exit points, profit targets, stop losses, risk evaluation, and much more.
Table of Contents
Introduction vii
PART I Recommendations to Novice Traders 1
CHAPTER 1 How to Get Started 3
CHAPTER 2 Establishing a Trading Account 7
CHAPTER 3 Choosing the Right Dealer 15
PART II Developing a Trading Method 25
CHAPTER 4 Psychological Challenges of Speculative Trading 27
CHAPTER 5 Discretionary versus Mechanical Trading Systems 33
CHAPTER 6 Technical and Fundamental Analysis 37
PART III The Igrok Method 51
CHAPTER 7 Philosophy of the Igrok Method 53
CHAPTER 8 Evaluating Probabilities Using Technical Analysis 59
CHAPTER 9 Basic Trading Strategies and Techniques 77
CHAPTER 10 Choosing a Currency Pair to Trade 95
CHAPTER 11 Money Management Rules and Techniques 97
CHAPTER 12 Market Behavior and Trader Discipline 103
PART IV Short-Term and Intraday Trading Strategies Using the Igrok Method 111
CHAPTER 13 Principles of the Intraday Trading Plan 113
CHAPTER 14 Entering the Market 117
CHAPTER 15 Exiting the Market 125
CHAPTER 16 The Importance of Timing 133
CHAPTER 17 Trading Strategy During the Central Bank Intervention 141
PART V Templates for Short-Term and Intraday Trading 145
CHAPTER 18 Average Daily Trading Range Templates 147
CHAPTER 19 Technical Formation Templates 159
CHAPTER 20 Trendlines, Support, and Resistance Templates 191
CHAPTER 21 A Sample Trade 207
Index 211
