Invariably the foreign exchange market provides traders with some of the clearest and most reliable trends. This is in the most part due to the high daily liquidity, or volume, of the market. The FX market as a whole trades around US$4 trillion every day - far more than all of the major stock markets in the world combined. All of this trading creates strong trends.
In 4 Keys to Profitable Forex Trend Trading, technical analyst Christopher Weaver covers four different approaches to trend trade the foreign exchange market. These four keys are - trend lines, channels, fibonacci retracements and symmetrical triangles. Weaver explores the primary strength of each key, why it is useful, and the different variations. He then goes on to explain two practical strategies for each key and how to use them to execute successful trades.
These keys and their corresponding strategies are designed to be traded in the foreign exchange spot market. But they are equally applicable to trading CFDs or spread betting.
4 Keys to Profitable Forex Trend Trading is an excellent guide for experienced traders and investors who are keen to master the complex forex market. The concepts behind the 4 keys can sound mysterious, but Christopher lays bare their workings with plain English and sharp insight. Fully illustrated with charts and examples, this is a unique and essential guide to making successful trades in the most exciting, and most dangerous, market out there.