How to Make a Living Trading Foreign Exchange · A Guaranteed Income for Life by Smith, Courtney D. -- Read -- Imperial Library of Trantor

Index

Contents Preface Chapter 1: The Basics of Foreign Exchange Trading

SELL A YARD OF CABLE DON’T WANT TO TRADE! TRANSACTION COSTS IT NEVER STOPS MY BIGGEST LOSING TRADE THE BOTTOM LINE

Chapter 2: Trend Analysis

WHAT IS A TREND? HOW TO PROFITABLY TRADE BULL AND BEAR MARKETS HOW TO TRADE THE TREND MEGAPHONES AND PENNANTS AVERAGE DIRECTIONAL INDEX THE BISHOP THE BOTTOM LINE

Chapter 3: Channel Breakouts

THE BEGINNINGS OF CHANNEL BREAKOUTS WHAT IS A CHANNEL BREAKOUT? BETTER CHANNEL BREAKOUTS THE PROS AND CONS OF CHANNEL BREAKOUTS THE BISHOP ADX FILTER THE PRINCIPLE OF INSTANT GRATIFICATION REJECTION RULE THE LAST BAR TECHNIQUE TACTICS TAKING PROFITS THE BOTTOM LINE

Chapter 4: The Conqueror

THE BEGINNINGS OF THE CONQUEROR WHAT IS TRUE RANGE? ENHANCING THE CONQUISTADOR ADJUSTING THE STOP THE BOTTOM LINE

Chapter 5: Stochastics

WHAT ARE STOCHASTICS? HOW TO USE STOCHASTICS AS AN OVERBOUGHT AND OVERSOLD INDICATOR TRADING SIGNALS FROM CROSSOVERS PROFITABILITY OF STOCHASTICS WARNINGS THE BEST WAY TO MAKE MONEY USING STOCHASTICS GO WITH THE TREND HOW I USE STOCHASTICS INTERVIEW WITH GEORGE LANE THE BOTTOM LINE

Chapter 6: Pattern Recognition

INSIDE DAYS DOUBLE WHAMMY MULTIUNIT TACTIC REVERSAL DAYS RIDING THE REJECTION RULE THE BOTTOM LINE

Chapter 7: Risk Management

STOPPING BAD RISK MANAGEMENT HOW TO MAKE SURE WE ARE NEVER WIPED OUT GOOD RISK MANAGEMENT: FIXED FRACTIONAL HOW MANY CONTRACTS SHOULD I PUT ON? HIGHLY CORRELATED POSITIONS KELLY FORMULA TRADE YOUR EQUITY CURVE TAKE A TIME OUT TURNING POOR SYSTEMS INTO GOOD SYSTEMS HOW BIG A POSITION SHOULD I TAKE? THE BOTTOM LINE: DIVERSIFY THROUGH TIME

Chapter 8: Slingshot

THE IMPORTANCE OF MINIMIZING LOSSES BEWARE OF TAKING PROFITS TOO EARLY PSYCHOLOGICAL PROFITS CONFIRMATIONS MAXIMUM EXCURSION ANALYSIS USING THE SLINGSHOT FOR PROFITS THE MINI-SLINGSHOT THE BOTTOM LINE

Chapter 9: The Psychology of Successful Trading

WHY DO YOU TRADE? THE PRESSURES OF TRADING WHY DO YOU LOSE? ADDRESSING A LACK OF KNOWLEDGE ADDRESSING A LACK OF CAPITAL ADDRESSING A LACK OF SELF-DISCIPLINE AN EXAMPLE OF OVERCOMING THE BIZARRE TWISTS AND TURNS OF THE MIND TREAT TRADING AS EDUCATION STRESS-FREE TRADING BE THE CASINO DEVELOPING YOUR TRADING PLAN FILLING OUT THE PLAN THE IMPORTANCE OF A POSTMORTEM THE BOTTOM LINE

Chapter 10: Putting It All Together

DIVERSIFYING TO REDUCE RISK USE A MENTAL CHECKLIST HOW TO TRADE ONLY ONE METHOD THE BOTTOM LINE

Epilogue: Key Insights for Maximizing Your Trading Profits

ALWAYS REMEMBER THAT TRADING IS A BUSINESS KEEP GOOD RECORDS DON’T PAPER TRADE MODEL WINNERS, NOT LOSERS AVOID BOREDOM MAKE SURE TRADING FITS YOUR LIFESTYLE KEEP YOUR TRADING TO 15 MINUTES A DAY MAKE SURE YOU HAVE ENOUGH CAPITAL PRIORITY ORDER YOUR METHODS FUNDAMENTALS VERSUS TECHNICALS HOW TO PREDICT THE NEWS IN CONCLUSION: IS THIS REALLY GUARANTEED TO MAKE MONEY?

Appendix: Suggested Reading Acknowledgments About the Author Index