From the Inside Flap
In The Art of War
, renowned military strategist Sun Tzustates, "The general who wins the battle makes many calculations inhis temple before the battle is fought. The general who loses makesbut few calculations beforehand." While this observation comes fromone of the oldest military treatises in the world, it's animportant piece of advice for traders looking to win in today'sdynamic Forex market.
As the Chief Currency Coach at FX Bootcamp, author WayneMcDonell helps clients around the world excel in the Forex field bytraining them to develop and execute a trading plan with militaryprecision. Why does this approach work so well? The answer issimpleâ??trading Forex is similar to war in that they are bothzero-sum games, and in Forex trading, this means that one trader'sgain can only come from another's equivalent loss. So, outthinkingyour opponent is essential to victory in both of these arenas.
Divided into five comprehensive parts, The FX Bootcamp'sGuide to Strategic and Tactical Forex Trading puts thiscompetitive market in perspective and shows you how to achievesuccess within it. This reliable resource opens with a detailedlook at the technical indicators you'll need to use in your tradingendeavors. From here, you'll discover how to combine these popularindicators to formulate a comprehensive strategy and learnhow to use this information to create a tactical tradingplanâ??one that will help you pull the trigger to get inand out of trades.
Besides introducing you to a proven Forex trading methodologyand showing you how to improve performance by running your tradingoperations like a business, this book also addresses some the mostimportant psychological aspects of tradingâ??including greed,fear, loss, and isolationâ??and discusses what you must do toovercome such obstacles.
In Forex trading, patience and discipline are just as importantas technical and fundamental analysis. With The FX Bootcamp'sGuide to Strategic and Tactical Forex Trading, you'll discoverhow developing positive trading habits and the right trading skillswill put you in a better position to profit over the long haul.
From the Back Cover
Praise for The FX Bootcamp's GUIDE TO Strategic and TacticalForex Trading
"Wayne McDonell is the most popular Forex speaker on our Website. His live training and educational events draw large crowds oftraders because he can explain complex Forex trading concepts in acommon language that anyone can understand. This book does thesame. I highly recommend it."
—Francesc Riverola, CEO of FXstreet.com
"If you're looking for specific strategies and methods formaking money with currency trading, you need to start reading thisbook today. Wayne knows from experience what it takes to succeed inthe Forex markets. He provides step-by-step instructions andexplains in common language what to look for in charts and in thenews to find profitable trades immediately. Don't make a singleForex trade until you've read this book!"
—Tim Bourquin, founder of The Forex Trading Expo
With The FX Bootcamp's Guide to Strategic and Tactical ForexTrading, McDonell shares his invaluable experience as a Forextrader and commodities trading advisor with you. Filled within-depth insights and practical advice, this straightforward guidewill teach you how to think for yourself and tradesuccessfully—relying on your own technical, fundamental, andeven psychological analysis. First, you'll become familiar with theindicators—from moving averages to price support andresistance—that form the foundation of the tradingmethodologies discussed in the book. Then, you'll discover how toput together a trading plan, and trade that plan for maximumprofits. Along the way, McDonell also takes the time to discuss thevarious challenges you may face while trading Forex and explainshow treating your trading operations like a business can improveoverall performance.
If you want to be a successful Forex trader, you must have afirm understanding of how the global market works and how to tradeit. With The FX Bootcamp's Guide to Strategic and Tactical ForexTrading, you'll quickly learn how to gather intelligence, formulatea strategy, and confidently pull the trading trigger.