(From The Jacket) – In “The Art of War”, renowned military strategist Sun Tzu states, “The general who wins the battle makes many calculations in his temple before the battle is fought. The general who loses makes but few calculations beforehand.” While this observation comes from one of the oldest military treatises in the world, it’s an important piece of advice for traders looking to win in today’s dynamic Forex market.
As the Chief Currency Coach at FX Bootcamp, author Wayne McDonell helps clients around the world excel in the Forex field by training them to develop and execute a trading plan with military precision. Why does this approach work so well? The answer is simple – trading Forex is similar to war in that they are both zero-sum games, and in Forex trading, this means that one trader’s gain can only come from another’s equivalent loss. So, outthinking your opponent is essential to victory in both of these arenas.
Divided into five comprehensive parts, “The FX Bootcamp’s Guide to Strategic and Tactical Forex Trading” puts this competitive market in perspective and shows you how to achieve success within it. This reliable resource opens with a detailed look at the technical indicators you’ll need to use in your trading endeavors. From here, you’ll discover how to combine these popular indicators to formulate a comprehensive strategy and learn how to use this information to create a tactical trading plan – one that will help you pull the trigger to get in and out of trades.
Besides introducing you to a proven Forex trading methodology and showing you how to improve performance by running your trading operations like a business, this book also addresses some of the most important psychological aspects of trading – including greed, fear, loss, and isolation – and discusses what you must do to overcome such obstacles.
In Forex trading, patience and discipline are just as important as technical and fundamental analysis. With “The FX Bootcamp’s Guide to Strategic and Tactical Forex Trading”, you’ll discover how developing positive trading habits and the right trading skills will put you in a better position to profit over the long haul.
TABLE OF CONTENTS
Part 1: Basic Training
- Chapter 1 – Lagging Indicators
- Chapter 2 – Leading Indicators
Part 2: Strategic Analysis
- Chapter 3 – How To Gather Market Intelligence To Formulate A Trading Strategy
- Chapter 4 – The Carry Trade
- Chapter 5 – Forex And The Fed
- Chapter 6 – Commodity Correlations
- Chapter 7 – Greenback Guru: Why You Should Specialize In Trading U.S. Dollars
Part 3: Rules Of Engagement
- Chapter 8 – Market Analysis
- Chapter 9 – Fundamental Analysis
- Chapter 10 – Technical Analysis
- Chapter 11 – Risk Analysis
Part 4: Tactical Planning
- Chapter 12 – Candlestick Patterns
- Chapter 13 – Range Trading
- Chapter 14 – Trading The News
Part 5: Psychological Warfare
- Chapter 15 – How To Cope With Pre- And Post-Trading Stress Disorders
- Chapter 16 – Trade Journals
- Chapter 17 – Target Practice
- Chapter 18 – Three-Year Plan
- Chapter 19 – Closing Notes