Saturday, July 31st, 2010 at
12:14 pm
perry ohlund asked:
I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.
Technorati Tags: Forex Trading, Trading Forex, Trading Strategy
Friday, July 30th, 2010 at
3:18 am
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| Unlocking Wealth: Secret to Market Timing |
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| Manufacturer: Tradenet |
| Customer Rating: |
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| List Price: $42.95 |
| Sale Price: $42.95 |
| Availibility: Usually ships in 24 hours |
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Product Description |
| In Unlocking Wealth - (278 pages), John Crane, a veteran trader and cofounder of Traders Network, discusses his work with the Action/Reaction trading theory, and illustrates a whole new way of using time, price, and patterns to predict, identify, and trade future market swings. Chapter by informative chapter, you ll be introduced to the concepts that encompass this proven method, including: Market Behavior, Reaction swings, Swing trading reaction swings, The Reaction cycle, Action and reaction lines, Entering and exiting trades, Reversal dates, Long-term versus short-term trends, And much more! Filled with practical advice from a seasoned veteran, real-world examples, and informative charts and graphs, Unlocking Wealth provides a comprehensive look at the art of swing trading. This valuable book offers clear, step-by-step guidance that will allow you to apply the swing trading methodology to any portfolio and improve your bottom line. |
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Customer Reviews |
 Promises much -- and delivers! |
| Review Date: February 11, 2007 |
| Reviewer: Steven Phillips, Ada, OK United States |
This book explains, in great detail, how to use market symmetry to forecast time and price objectives on market swings. The author bases his time calculations upon measurements beginning at the formation of a reaction swing, and shows how the results of these calculations can be projected forward in time to indicate the likely extent of the ensuing price swing. While the author's previous book tended to be somewhat inconsistent in its calculations, the methodology in this book is both consistent and precise. I had no difficulty in following the presentation of the material or in confirming the counts on the accompanying charts.
The author derives price targets by employment of an "Andrews' Pitchfork" drawn in a specified manner. While these price projections are not quite as accurate as the time projections, the variance of acutal to forecast price indicates much about the underlying strength of the immediate price trend. Both time and price calculations are very useful and are reasonably accurate. I have now incorporated this material into my trading routine.
The book offers a really complete course on trading. It describes trend reversal and continuation constructs (in multiple timeframes) -- how to use them for optimal entry, the need for a protective stop, how/when/where to exit, and what to do if larger market forces override current projections. It also describes a method of trading with options -- a covered write based upon the concept of delta -- which is profitable if the underlying issue moves a minimum distance in either direction in an active market.
This book is unique. I am not aware of any other work which describes how to use time and price in an overall trading system as practically or precisely as is presented. The methods offered can be used as the basis of a stand-alone trading system, or as additional working tools for one's own system. This material has added a new dimension to how I view the trading markets. |
Must reading for all traders - regardless of trading strategy
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| Review Date: December 30, 2007 |
| Reviewer: Winelight, San Francisco, CA |
I have lost count of the number of trading books I have read since the mid-70's. The first book was the late JM Hurst's classic, "The Profit Magic of Stock Transaction Timing". John Crane's "Unlocking Wealth" now sits in my trading library alongside the truly great trading books ever published. It is the only book I have ever read that makes it practical to use market structure alone to forecast both price and time. I am not saying that other books don't address price and time (Gann, Elliott, others). I simply have not found other approaches to be practical to use. Crane's approach is both practical and effective.
I read this book in search of methodologies to filter trades for the system I was using. The method is so powerful that I have now made Crane's approach my main strategy...and use a different methodology as a prefilter.
The book clearly describes two basic market structures (Trend Reversal and Trend Continuation). The appearance of these commonly found patterns usually reveals the true nature of the market...and future price at a point in time. Crane's methodology does not rely on optimization techniques, lagging indicators, general fundamental information, astrological events, or complex equations. It's pure market structure in a practical manner. Simple and elegant. The methodology gives you the ability to listen to what the market is saying about itself based on its own structure.
The core market structures explained in the book are nearly identical to patterns I have used successfully for years. The book taught me more about the nature of these patterns...and how to trade the patterns better. One of the most valuable things for me was Crane's methodology for managing trades that are in progress. Cutting losses early and letting profits run is easier said than done...until you read this book.
The methodology can be used with other trading strategies. I am combining Crane's methods with Hurst's cycle methods to increase the probability of trading in the correct direction. Either way...I find merit in using Crane's approach as a stand-alone system. You can use it without a computer - you don't have to buy expensive software to implement it - and there is little ambiguous about how it is used. It is now difficult for me to look at a chart without looking at it through Crane's eyes. The book may take a few days to read because it includes more trading examples than was probably necessary...but this can help to internalize the method.
This book gives me the edge I have sought for years. I can't imagine trying to manage a trade in the future without the precise knowledge of when and where price is likely to go....and reverse.
If you are looking for a trading approach that is practical and effective...or just looking to enhance a system that is already effective...I suggest you read this book. |
The most elegant futures trading methodology I've seen!
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| Review Date: March 27, 2008 |
| Reviewer: Active Trader, Australia |
I liked John Crane's first book "Advanced Swing Trading", but this book is much better. Unlike other traders-come-authors, John Crane does not switch tack with this book and discuss some new and different ways of analyzing the market. No, he sticks to his original theories, expands on the methodology and does a much better job of explaining and illustrating it. The only thing I didn't like was the title - too "get rich quick" for me.
John Crane's market timing approach is one of the most elegant futures trading methodologies I've seen. It focuses on market structure and using impulse and reaction swings to identify entry and exit points.
The basic component of the methodology is the Reaction swing--a counter-trend move--that is used to confirm a new trend and then identify a low risk entry point. Not revolutionary, but then John Crane uses a count back to a previous swing point to forecast the future turning point. Now that is new!
So the Reaction swing gives you the trend continuation entry point. The count back gives you the projected exit time. John Crane then goes on to show how the exit can be further refined with price projections. Lastly, a methodology for identifying and entering a trend reversal is discussed. This last part was missing from the original book "Advanced Swing Trading" and now with this, the methodology is complete.
The book is packed full of swing and day trading examples from both the futures and stock markets - and the accuracy of this timing technique is uncanny.
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It works !
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| Review Date: August 11, 2008 |
| Reviewer: Felipe Tudela, |
With John Crane's book you will be able to define in advance the market turning points as well as the duration of a trend. It's one of those rare books that offer a trading method that really works and is easy and simple to implement. This makes it the ideal book for the beginner and a must for the advanced trader. The method is valid under every market condition since it's based on the inner workings of price and time and goes to the core of market behavior. If you want a book that offers a trading method that will grow with you this is it. It works! Do yourself a favor and buy it now!
Felipe Tudela, trader and author of 'The Secret Code of Japanese Candlesticks', Wiley, 2008.
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Very good insights... bad poor edition!!!!
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| Review Date: March 13, 2010 |
| Reviewer: Tonicarlo R. Velasco, Brasil |
The book has interesting and useful insights. Some setups are similar to those described by Joe Ross is his book "Trading by the Book." In fact, the first time I learned how to trade reaction swings was with Mr. Ross, the first to use this term. What Mr. Crane introducts of new is the time component of the swings...
BUT THERE IS NO REASON TO GIVE 5 STARS!!! The edition is bad. The charts have poor quality. For example, I rarely could see the dates the author describes, and if you need to count trading days to forecast price and time, one of the main subjects of the book, this is a very important issue.
Also, some SETUPs are not crystal clear.
5 stars for content (I learned a lot with Mr. Crane);
4 stars for clarity;
2 stars for the edition.
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Technorati Tags: Market, secret, timing, unlocking, wealth
Thursday, July 29th, 2010 at
9:37 am
In order to trade Forex, you need to first find a Forex broker. Forex is still a relatively unregulated market and as a result there are many Forex brokers available each with different levels of service and reliability. Perhaps the best thing a Forex trader can do is to make sure they pick the right Forex broker for them.
Honest & Reliable
Before picking any broker, make sure you examine their company and background as thoroughly as you possibly can. Some good signs of a reliable Forex broker are the length of the time they have been in operation and if they are a member of any financial regulating bodies found in various countries that currently try to regulate the Forex market. You need to find a broker that you are comfortable with and not need to worry about them closing up shop without warning.
Leverage
One of the attractions of trading Forex is that traders can use leverage. Leverage allows a trader to trade with more money than they may physically have in their trading account. This allows traders to gain enormous profits with just a small amount of capital. Just how much leverage brokers offer varies.
Leverage can range from 1:1, where there is no leverage, to 1:400, where you can trade with up to 400 times the amount of capital you may physically have. To make the most of your trading, be sure to pick a broker that offers the amount of leverage you require.
Spend some time researching brokers before you make the final decision to open a live account and begin trading Forex. Doing so may pay off in the long run.
By: Jolon Warren About the Author:
Technorati Tags: Forex Brokers, Forex Trader, Reliability
Wednesday, July 28th, 2010 at
10:41 am
OzTrader asked:
www.learntotradethemarket.com Forex Trading Course Pin Bar reversal System
Technorati Tags: Forex Trading, Trading Pin
Sunday, July 25th, 2010 at
11:28 am
tendele7 asked:
www.ToAmazing.com/WIN.html Get into a moneymaking business known internationally as Forex also known as Foreign Exchange Trading. Use a Trading Robot that is up to 99% accurate and makes small amounts, twenty four hours a day, five days a week with little or no supervision. To do this you don’t need to sell anything, have lists or be an expert SEO guru. Genuinely with your Forex Robot you can get into business within a day. Watch your money grow! Email: forex@toamazing.com Tel: UK 0845 057 7819
Technorati Tags: Forex, Money From Home
Saturday, July 24th, 2010 at
4:33 pm
I’m here to share with you some of my foreign exchange trading strategies and advice that I use to help me make more profitable trades. These tips have helped me develop into a trader that has been consistently making profits over the longterm and it should help you too.
The first piece of advice I’ll give you is to try your best to act confident. There is no way you can just tell yourself to be confident, so that is why I ask you to act confident. Confidence isn’t a choice, but something that is earned through positive experience. The act of being a confident trader is being sure of the decisions you make. You need to apply them and follow through without having to triple check every little thing. You also need to be confident enough to allow you trades to have time to perform. It is easy to get upset with every little change that doesn’t go your way and leave. You need to allow things to perform to make sure your analysis has a chance to play out.
The next thing I want to give you is some advice about the failures you will meet. They’re not really failures, but temporary failures that we experience. In this business it is bad trades. You’ll have them. You’ll have runs of bad trades. Most people end up quiting when this happens. I’m telling you to keep going because these little failures help you grow as a trader. Every bad trade allows you to learn a little more about trading. Eventually the bad will turn to good and you’ll start to see more profits over the longterm.
By: Charles Nash About the Author:
The automated software of
Forex Killer will give you an immediate edge in the market. Make trades that work for your profit line. For more information on the Forex Killer software, check out
Forex Charting Software.
Technorati Tags: Bad Trades, Confidence, Trading Strategies
Saturday, July 24th, 2010 at
4:40 am
Alyss asked:
What can affect a country’s exchange rate and currency value in relation to foreign trade?
Technorati Tags: Currency Exchange, Currency Rate, Exchange Rate
Friday, July 23rd, 2010 at
4:49 am
tavocarazas asked:
www.easy-forex.com Provides an online foreign exchange trading system which includes forex charts, analysis, and forecasts. Exchange rates, news and forex tutorials.
Technorati Tags: Exchange Rates, Foreign Exchange Trading, Forex Charts
Thursday, July 22nd, 2010 at
10:42 am
I’m sure that you must have heard of currency trading. But do you really understand what it is all about? Currency trading is also called foreign exchange, Forex, or FX trading. It is a form of trading that deals with the world currencies on the foreign exchange market. Through currency trading, an investor buys and sells these currencies with the goal of making a profit.
The currency market is the largest market in the world with a yearly trading volume of some 1.4 trillion dollars, much larger than the typical stock exchange. Since the spreads for trading currency are fairly low, the risk and cost of doing a currency trade is also low. The currency market is a highly volatile market. That allows more opportunities for a currency trader to achieve huge returns on any given exchange.
The currency trading market was once closed to individual or retail investors. The primary players on the market were national central banks, other major banks and financial institutions, and multinational corporations. Even today, individual and retail investors account for a tiny percentage of the overall currency trading volume. This is good for regular people who want a piece of the action in this trillion dollar exchange market.
The thing you need to remember in currency trading is that you want to buy a currency that will appreciate in value against another so you can make a profit. For example, if you think the Euro will go up against the US Dollar, then you can buy Euros and sell them when their value goes up for a profit. But how do you know if a currency will rise in value? You need to have information on the market, such as knowledge of trends. You can get this kind of information from currency market websites that provide monitoring services on the foreign exchange market activity. To avail of the services, you have to pay a membership fee to join the website, but in most cases you can take advantage of a free trial period.
You will also need to have a broker that can carry out currency trades as you instruct. There are a number of online brokers available, so it is not hard to find one.
Currency trading offers a good opportunity for people with extra cash to make a little extra profit in addition to their regular income.
By: Joseph Ducat About the Author:
Did you find my tips on online Forex trading [http://www.faso06.com/a-look-at-online-forex-brokers.html] helpful? You can get more answers to your questions about Forex trading here [http://www.faso06.com].
Technorati Tags: Forex Trading, Retail Investors, Tiny Percentage
Thursday, July 22nd, 2010 at
6:37 am
none g asked:
i’m new to the forex market, and i noticed over many days that the difference between the pips of USD/JPY is different on some days. usually the difference between pips is 2 and some days its 4 or 5. why does that happen?
Technorati Tags: Forex Market, Jpy, Pip
