Michael Jenkins – Chart Reading for Professional Traders
This book is a complete, comprehensive study on reading charts, forecasting the market, time cycles, and trading strategies. It explains reversal of trends, when to expect them and how to know the trend has changed. Shows you how to forecast with great reliability how long the new trend will last and its price target. As does his first book, Geometry of Stock Market Profits, this book discusses in-depth the Gann techniques of time and price. There is a progression to the very advanced concepts of day trading off of circular arc segments and calculating final high and low price targets. Each principle is demonstrated with numerous chart illustrations and real world applications. The information found in this book is unique with many of the techniques discovered personally by Mr. Jenkins and are found nowhere else!
What is forex trading?
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
Michael Jenkins – Basic Day Trading Techniques
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