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A Review Of The Trading Forex Machine Ebook - How To Make Real Money Trading F
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Naomi Hill
Nov 12, 2009, 7:53:52 AM11/12/09
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This amazing ebook "Forex Trading Machine" has been written by Avi
Frister, a full time professional Forex trader and educator.
One of the most important point in trading forex is that you must be
able to control emotions. This is a very important rule that every
trader must learn to master. While trading, you are constantly
presented with feelings such as fear, or excessive excitement (for
example - as a result of a winning streak). If you experience these
types of feelings is because you don't have a good trading plan, you
don't have a good and clear set of rules to follow. You probably are
trading on emotions rather than on signals issued by a robust and
profitable system. This is what you'll find in this ebook: a new
radical approach to the forex market, a new system that is purely
mechanical. If you can trade like a robot the "forex trading machine"
system promises dependable, consistent profits over time.
This ebook falls naturally into two parts. Chapters one to six cover
forex basics including an explanation of currency quotes, margins,
pips, daily ranges, technical analysis.
Chapters five and six deal with the psychology of trading and money
management. In particular, Avi Frister says that he strongly believes
in emotion-free trading. It is essential for success and that is how
you will be the best of the best, by following a precise set of rules
that are easy to implement and require absolutely no discretion.
Hence the desirability of a forex trading strategy that is purely
mechanical, without the need of interpretation or judgment calls on
what is happening in the market at any given time. If an individual
can develop the discipline to simply follow this mechanical system,
basically trading like a robot, consistent profits and an ever growing
account will be the result according to "Forex Trading Machine."
Three specific PDTF (Price Driven Forex Trading) strategies are
outlined.
1 - Forex Cash Cow StrategyThis strategy is 100% mechanical, i.e. it
requires absolutely no discretion, interpretention, or judgment. Many
people want to trade the forex market but simply don't have the
necessary time. Now, with Forex Cash Cow you can trade even if you
have a day job! It simply takes 1 minute per week to implement it.
2 - Forex RunnerTo trade using this strategy the only thing you will
need is the price of the currency pair. One of the amazing
characteristics of Forex Runner is that it let's you trade when ever
you have time.
3 - Forex Flip & GoWith this strategy (another PDFT strategy), you
can take advantage of a certain characteristic of the EUR/USD pair
(the most liquid of all currency pairs) which produces HIGH
PROBABILITY/LOW RISK trades over and over again.
In each case, there are minimal considerations and a trader has to
just follow a very specific set of instructions, enter the trade, and
forget about it. Check it some time later and if it is still running,
make a decision on whether to exit or let it run.
The information and trading strategies explained in this ebook will
suit both the beginner and the advanced trader. Certainly the beginner
will find the techniques relatively simple and easy to implement. If
they can adopt the mechanical approach and just 'connect the dots'
there is a high probability they will increase profits consistently
over time.
Frister, a full time professional Forex trader and educator.
One of the most important point in trading forex is that you must be
able to control emotions. This is a very important rule that every
trader must learn to master. While trading, you are constantly
presented with feelings such as fear, or excessive excitement (for
example - as a result of a winning streak). If you experience these
types of feelings is because you don't have a good trading plan, you
don't have a good and clear set of rules to follow. You probably are
trading on emotions rather than on signals issued by a robust and
profitable system. This is what you'll find in this ebook: a new
radical approach to the forex market, a new system that is purely
mechanical. If you can trade like a robot the "forex trading machine"
system promises dependable, consistent profits over time.
This ebook falls naturally into two parts. Chapters one to six cover
forex basics including an explanation of currency quotes, margins,
pips, daily ranges, technical analysis.
Chapters five and six deal with the psychology of trading and money
management. In particular, Avi Frister says that he strongly believes
in emotion-free trading. It is essential for success and that is how
you will be the best of the best, by following a precise set of rules
that are easy to implement and require absolutely no discretion.
Hence the desirability of a forex trading strategy that is purely
mechanical, without the need of interpretation or judgment calls on
what is happening in the market at any given time. If an individual
can develop the discipline to simply follow this mechanical system,
basically trading like a robot, consistent profits and an ever growing
account will be the result according to "Forex Trading Machine."
Three specific PDTF (Price Driven Forex Trading) strategies are
outlined.
1 - Forex Cash Cow StrategyThis strategy is 100% mechanical, i.e. it
requires absolutely no discretion, interpretention, or judgment. Many
people want to trade the forex market but simply don't have the
necessary time. Now, with Forex Cash Cow you can trade even if you
have a day job! It simply takes 1 minute per week to implement it.
2 - Forex RunnerTo trade using this strategy the only thing you will
need is the price of the currency pair. One of the amazing
characteristics of Forex Runner is that it let's you trade when ever
you have time.
3 - Forex Flip & GoWith this strategy (another PDFT strategy), you
can take advantage of a certain characteristic of the EUR/USD pair
(the most liquid of all currency pairs) which produces HIGH
PROBABILITY/LOW RISK trades over and over again.
In each case, there are minimal considerations and a trader has to
just follow a very specific set of instructions, enter the trade, and
forget about it. Check it some time later and if it is still running,
make a decision on whether to exit or let it run.
The information and trading strategies explained in this ebook will
suit both the beginner and the advanced trader. Certainly the beginner
will find the techniques relatively simple and easy to implement. If
they can adopt the mechanical approach and just 'connect the dots'
there is a high probability they will increase profits consistently
over time.
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