Open for trading 24 hours per day, this huge market offers tremendous opportunity. Ed Ponsi opens the door to this market in his book, which is an excellent primer for the beginning forex trader and a source of trading strategies for both novice and experienced traders. Ponsi is the president of FXEducator.

His writing clarity, organization, and in-depth knowledge make the book a good read for anyone interested in trading the forex market. In four parts, Ponsi defines forex trading and breaks down its complexity. He explains forex trading in a way that both entertains and educates.

The book focuses on the fundamentals of successful trading, including spotting specific market conditions such as trending, range-bound and consolidating. It also discusses market tendencies associated with these conditions, such as the tendency for a strong breakout to occur immediately following a tight consolidation.

He primarily approaches these topics from a technical perspective, but his writing style makes easy reading of difficult material.

This book is filled with solid information. For example, one important difference between trading stocks and trading forex is the forex market is so large that even institutions or governments cannot dramatically influence market movement on any given day, which gives the retail trader more opportunity for success. Another is that traders need not choose between technical or fundamental analysis. Forex trading success is found using both in tandem.

One reason is that economies tend to change more slowly and predictably over time as opposed to companies that can fundamentally change on short notice.

Forex Patterns and Probabilities PDF, eBook by Ed Ponsi | PDF to Flipbook

This difference makes fundamental analysis critical. Free Newsletter Modern Trader Follow. We asked traders what FBI Director Comey's testimony means for stocks and other markets.

Forex Patterns and Probabilities: Trading Strategies for Trending and Range - Ed Ponsi - Google Livres

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