Boring, almost useless book
This is the most boring, childish trading book I have ever read. First you have to go through almost 150 pages of filler, where the author explains, over and over and over again that he is going to show you how to "attack" currency trends. At some point you will probably scream and yell : "Shut the hell up and show us something, anything!!" Then he finally reveals his "secret", are you ready for this? Well here it is, in essence : Buy when the price of a currency pair is above its 100 and 200 moving average and sell when the price is below its 100 and 200 moving average. That's it. Seriously.
He shows you plenty of highly cherry-picked charts to prove his point. Of course for every perfect, textbook chart example there are at least 8 or 10 charts that do NOT work (naturally he won't tell you that), that's the problem with moving averages, they produce a LOT of false breakouts when the market is in a non-trending mood, which is its normal state almost 70% of the time! The...
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The guide for reading long-term trends in the foreign currency marketTo thrive in the marketplace traders must anticipate, enter, and stay with trends in the foreign exchange market.In this much-needed guide top forex, expert Greg Michalowski clearly explains the attributes of successful t
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