Product Description

Trading the Forex Market can be exciting, adventurous, and financially rewarding. It can also be disastrous for those who are unprepared for its rhythms and movements.

Now, Jared F. Martinez, one of the foremost experts in currency trading, draws upon his vast knowledge and experience to deliver 10 key practices for trading in Forex. The 10 Essentials of Forex Trading shows you how to use charting methods to effectively relate market movements to trading patterns-and turn those patterns into profit.

No matter your level of trading experience, you can develop the skills you need to become a consistently successful foreign currency trader-from using the right trading tools and balancing equity management to trading in buy and sell zones and identifying trends and trendlines. You'll discover what drives the Forex market and how to navigate the three stages of Forex trading: acquiring new trading rules, controlling disciplined thought, and implementing disciplined action.

Martinez also prepares you to:

• Understand the financial game of support and resistance between Bulls & Bears
• Use Japanese Candlesticks to discern the sign language of the market
• Create an entry strategy and a consistent exit strategy
• Use Fibonacci as part of your trading approach
• Forecast sideways movement in the market-and trade it

Martinez shows you how to put it all together to execute a successful trade by finding convergence and analyzing the market on multiple timeframes. You'll also learn how to gain control over your emotions-a vital part of trading on Forex-and eliminate bad habits that can prevent you from becoming a confident, competent, and profitable trader.

To trade the Forex market, you must come to the trading table prepared. The 10 Essentials of Forex Trading arms you with the tools to develop a solid personal trading constitution and reap the financial outcome you desire.

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Product Details

• Amazon Sales Rank: #106652 in Books
• Published on: 2007-01-08
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 224 pages

From the Back Cover

Follow and forecast the Forex market-and start profiting today

With $1.5 trillion traded daily, Forex offers you a huge opportunity for tremendous profit-if you are fully prepared to analyze and ride its intense ups and downs.

Now, renowned trading expert Jared Martinez has distilled his proven forecasting methods and trading strategies into a practical how-to guide for successfully trading on Forex. The 10 Essentials of Forex Trading reveals must-know methods for understanding and forecasting the market, complete with charting methods and insights that let you begin trading currencies immediately. Taking on the role of personal mentor, Martinez helps you get a handle on the technical as well as emotional aspects of trading, giving you the tools to:

• Develop a consistent trading strategy
• Successfully relate market movements to trading patterns-and trade those patterns for tremendous profit
• Master Fibonacci, Japanese Candlesticks, and other charting methods
• Learn disciplines and habits to become a better trader
• Analyze Forex on multiple timeframes
• Make the market movements work for you
• Protect yourself should the market not go your way-and maximize your profit if it does

“Authored by a man of great character, this book is not only fascinating and innovative in the financial realm, but the spirit of his mantra infuses itself throughout: Life is not about what we acquire, rather what we become.”-Stephen R. Covey, author, The 7 Habits of Highly Effective People and The 8th Habit: From Effectiveness to Greatness

“Jared's book on Forex trading is a must for both seasoned and beginning traders of Forex. His personal litmus test was particularly enjoyable as it encompasses the most important thing a trader faces. That is, himself. The book is filled with excellent descriptions, trends, buy and sell zones and how to handle the fundamental events. His description of the Fibonacci sequence of numbers and how it relates to nature will be enjoyable to all readers. This book should be in every trader's library.”-Larry Pesavento

About the Author

Jared F. Martinez is the founder of Market Traders Institute, Inc., the worldwide leader in Forex education with more than 10,000 clients. Martinez is the founder of the I-TradeFX Brokerage Firm and is globally renowned in all trading arenas. He is best known for trading the natural Fibonacci movements in the market that help traders turn patterns into profit. He is also a contributor to “FX Television,” Stocks and Commodities, FX Street, and Active Trader. Martinez has mentored thousands of traders, from novices to experts.

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Customer Reviews

Do not pay for his promotion
It has nothing new about Forex trading or even trading in general, it has some technical analysis (you can find it in any TA book). Misleading the newbies by showing some good looking trades using the Moving averages and "his " Oscillator (I am not sure what is so special about it), giving false impression that this what you will get if you follow him (going to his institution). The 5 star reviews do not give a good reason to buy the book only saying you must buy it (may be they forget to say WHY to buy it). So they have no merits, except what they are saying repeatedly that the author is an expert, who mentored thousands of traders. He also is saying that about himself (more than once) in the book. If you want to know about technical analysis for forex or stocks -which is the same- you can check Jon Murphy, Schwager, or J. Magee.... books
If you are looking for psychology of trading go for Mark Douglas or others. The 200 pages of shallow information could be obtained - for free - from the Internet or any basic trading book. Save your money. Check the book first before you buy it. Do not believe the "must read" recommendations for no good reason. Because there is nothing useful in the book. Let him pay for his promotion

Do not believe the "4" or "5" Star Hype
As a former insider at MTI, I can attest to the previous "1" star ratings and support the same with facts. This author's primary business is in education; however, this author doesn't even understand the product of sums. This book is nothing more than an extended table of contents coupled with an exorbitant number of references to his business. The decision to buy this text should be one of prudence. Please review the book physically before buying.

The author is preying on the "ignorant" public that is eager to trade. I would not put is past this author to instruct his own employees/colleagues/friends to write positive reviews (FxAngel, R. Enright).

A few good text recommendations are from CTrader's review that I agree with:
"If you want to know about technical analysis for forex or stocks -which is the same- you can check Jon Murphy, Schwager, or J. Magee.... books
If you are looking for psychology of trading go for Mark Douglas or others."

hopeless
I have to agree with Ctrader (see below, 1 star).
It is unbelievable that a book like that could be published in 2007. There is absolutely nothing new at all. The usage of the patterns is not even well described. The usable content is very basic and limited. It is full of personal experiences or allusion to other stories. Full of advertisement for his MTI.
It does not deliver what is written on the front cover. "The rules for turning patterns into profit" where is that? The title: "The 10 essentials..." What are these 10 things exactly?

I bought that book thanks to the 5 star reviews below (before the 1 star review from Ctrader) since I cannot have a look to books where I live...
The 5 star reviews giving no valuable information seems to bloom very easily and fast for this book!