Forex Patterns & Probabilities: Trading Strategies for Trending & Range-Bound Markets

Forex Patterns & Probabilities: Trading Strategies for Trending & Range-Bound Markets Book Description:
Most Forex books deal with general concepts and neglect how to trade specifically.  On the other hand, Forex Patterns and Probabilities provides you with insight on real-world Forex trading strategies and a unique glimpse into the mechanics of currency trading. Leading Forex trading professor Ed Ponsi explains what moves the currency markets up and down and provides strategies to enter, exit, and money management in between trades. Ed provides us with countless examples of charts and explanations that will guide you each step of the way and allow the the beginner forex trader to “look over the shoulder” of a professional forex trader who’s only business is trading.

Not sure if the name “PONSI” is a bad omen, since it resembles the word PONZI scheme so much, and in this time of Bernie Maddoff the Ponzi King, who’se willing to give it a shot?   “Forex Patterns and Probabilities” has a fair amount of useful information that is presented in an easily understandable and enjoyable manner. The number of strategies is are not numerous and some aren’t very new, but they are effective no doubting this.  It is clear that this book is written by an experienced trader.  One giveaway is the tremendous detail and the clear process of thought that Ed Ponsi has applied in describing these theories and strategies.  Ed goes as far as to show us instances where his trades didn’t work and explain why.