The ground-breaking book “17 Proven Currency Trading Strategies: How to Profit in the Forex Market”
by Mario Singh has been hailed as the Ultimate Guide to successful Forex trading.
Published by Wiley, the book gives a comprehensive overview on the evolution of the Forex market coupled with specific strategies on how to profit from the world’s largest financial market.
One of the highlights of the book is the “Trader Profile”. The author details a list of 25 specific questions which
help the reader find out which of the 5 profiles he or she belongs to. At the end of the quiz, the reader tallies up a score and ascertains his/hers specific trading profile.
These 5 profiles are termed Scalper, Day Trader, Swing Trader, Position Trader and Mechanical Trader. Each profile has a minimum of two to three strategies for the reader to engage the Forex market and start profiting from it. Some of these strategies have interesting names like “Piranha” and “Power Ranger” to help the reader understand the nature of the strategies.
The book also covers a valuable segment on news trading. The author expertly details the pros and cons of news trading and how traders can avoid dangerous pitfalls when trading the news.
Another highlight of the book is the segment on commodities. The author links some of the world’s most traded commodities like oil and gold to Forex. With his deep understanding of global market dynamics, the author puts forth several solid arguments on how the commodity market is linked to the Forex market. Additionally, he provides several strategies on how to engage specific currency pairs for traders who want some exposure to the volatile commodity market.
The book also includes a chapter for corporates and companies who do business in several countries. Primarily aimed at corporates that deal with different currencies for revenue and payment, the topic of hedging is immensely refreshing and beneficial.
Author : Mario Singh
Sold By : FX1 Academy