Forex Trading: Part 1: Time and Price Strategy
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About this ebook
Forex Trading
Part 1: Time and Price Strategy
In this first part of the series Forex Trading Stanley Davies introduces the Time and Price Strategy, which as an hedge fund manager he has used trading money for his clients.
If you understand the concept of time in trading it will be a huge improvement to your daily trading. You will understand why the big players enter at a specific moment in the market and when they stay out.
About the Author:
Stanley Davies is a professional trader, technical analyst and a hedge fund manager. He has been trading for his clients for more then 20 years. In this series he reveals some of his best trading strategies.
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Reviews for Forex Trading
8 ratings1 review
- Rating: 5 out of 5 stars5/5This made me understand the timing & when to start trading a little more. It was a lil easy to grasp
Book preview
Forex Trading - Stanley Davies
TIME AND PRICE STARTEGY
How to utilize time and price in your trading
Stanley Davies
Table of Contents
Chapter 1
Introduction
Basis of Time and Price Strategy
Chapter 2
How does time affect your trading?
What part do you play?
When should I trade?
Major trading sessions
Weeks suitable for trading
Days suitable for trading
Times of day suitable for trading
Chapter 3
Price
How should I study price?
Which price levels are important?
Support and resistance
CONCLUSION
Chart illustration
Chapter 1
Introduction
Being a forex trader or a trader in general is one of the toughest jobs on earth. Many traders who are starting along will not tell you this because they are yet to experience what trading is all about. Forex trading and trading in general is one of the easiest jobs on earth if well understood but it becomes the toughest job on earth because people tend to overcomplicate it. People use various strategies to get to their trading decisions; the strategies are simply representations of the traders’ beliefs. Many people do not understand that the psychological bit of trading is what makes or breaks the trader. The strategy you use is the manifestation of your psychological understanding of the markets.
Strategies