Product Description: While most books on trading deal with general concepts and shy away from specifics, Forex Patterns and Probabilities provides you with real-world strategies and a rare sense of clarity about the specific mechanics of currency trading. Leading trading educator Ed Ponsi will explain the driving forces in the currency markets and will provide strategies to enter, exit, and manage successful trades. Dozens of chart examples and explanations will guide you each step of the way and allow the reader to "look over the shoulder" of a professional trader hard at work at his craft.
This book provides traders with step-by-step methodologies that are based on real market tendencies. The strategies in this book are presented clearly and in detail, so that anyone who wishes to can learn how to trade like a professional. It is written in a style that is easy to understand, so that the reader can quickly learn and use the techniques provided.
Forex Patterns & Probabilities Excellent book which everyone who is new to forex trading should read and backtest strategies discussed by the author.
Excellent Entry Point for a New Trader This book is packed with lots of information for a new trader like me. I wish this was the first book I bought about forex trading.
Absolutely Brilliant!! What a great book on trading, by far the best I've read on Forex (and I've read most of them). The book begins with an overview of Forex, but doesn't get bogged down in minutiae - instead, the author lays out the groundwork and explains what he calls the "playing field" of Forex. Then, he shifts into high gear, blasting out one fully developed strategy after another. Entire chapters are devoted to individual strategies for ways to trade trending markets, and there is no filler or wasted time. Once he has taught us several strategies to take advantage of trending markets, then he teaches tactics for those times when the market is not trending - including my personal favorite, "The Boomerang", which is designed to fade moves at certain times of day. It's all incredibly clean and logical, and practical - this is stuff you can actually use! This book is absolutely brilliant and deserving of all the praise it receives.
A Must Read, Best Trading Book Out There This book is a must read. I have read all of the other reviews on here but none of them really convey the tremendous quality and help that Ed Ponsi's book provides. I have finally become a successful professional trader, and I have to say that this book helped me more than anything else. Ed Ponsi gives strategies that make sense and very clear instructions for using them. All of the doubt has been removed from my trading, thanks to the objective rules based systems like the FXED Trend, which is my favorite. Not only that but the book is filled with little distinctions that may seem minor on the surface, but can mean the difference between defeat and success.
Just as important as the great trading techniques are the explanations why they make so much sense. This book cuts through the nonsense, and if you understand what Ed is saying then you realize that much of the other stuff that is out there is pretty useless. Maybe obsolete is a better word, now that this book is out there the bar has been raised and hopefully the quality of other books in this genre will pick up the pace. Read this book!
Book for beginner Book providing an overview of the forex market and some simple strategies. A book for beginners. If you have read other similar books, give this one a skip.
Anything Goes Trivia
Megaton Man
Tailipoe
Trevor
