Forex Secrets – From a 25 Year Currency Trading Veteran – Successful Scalping Strategies from the Dark Side; has been written from the comprehensive standpoint of a quarter century of trials, errors and successes. Every trader is different and while the book is directed at a very broad based audience it tries to force the reader to develop their own scalping strategies using the many tested methods put forth by the author.
Forex Secrets places a strong emphasis on self risk assessment as well as strict money management techniques. If anything this is really more a book about developing proper risk tools that relate to strong money management principles through the use of well thought out organizational skills directed at developing a trading algorithm. It is a book geared towards all people interested in day trading techniques whether they are beginners or advanced traders. Contained in Forex Secrets are 11 proven strategies and 11 trading secrets the author has successfully used over the last 25 years. You will find this book to be a great reference for many years.
Even though the discussions throughout the book are geared towards scalping the Forex markets, all strategies can be applied to other volatile investment markets and time frames that will enhance the reader's overall investment abilities. Forex Secrets forces the reader into a soul search that can develop and enrich their own style of investing.
Ideally we would want the trend of the 1-minute, 30-minute, 60-minute, daily, weekly, and monthly charts to be all in the same direction. Then we have a 100% clear direction, or clear trend.
