High probability Trading by Marcel Link

Trading Book Review by LearnCFDs.com

Are you prepared to spend 2-5 years learning the successful art of trading? After those 2-5 years of diligent work and patience, are you prepared to be losing on 50% of your trades?

That is what the path to successful trading looks like to those that have traveled the rocky road of trading, like Marcel Link.

'Why do a select few traders repeatedly make money while the masses lose? What do bad traders do that good traders avoid, and what do winning traders do that is different? Throughout this book I will detail how successful traders behave differently and consistently make money by making high probability trades and avoiding common pitfalls...'--From the preface

Marcel Link is a real trader trading real funds and has a simple, down to earth way of explaining it. New traders will benefit greatly from Marcel Links teachings and older, wiser traders can pick up the little nuggets of gold that he sprinkles throughout this book.

With hundreds of trading books hitting the bookshelves year after year, there are not many that stand the test of time and can be labeled 'classics'. Marcel Link has delivered what many experienced traders have called a classic trading book and it’s aptly titled High Probability Trading.

Marcel Link’s writing style is clear and he includes many amusing and educational anecdotes that traders can relate to. Many of these stories come from his early trading experiences as trading mentor’s assisted him along the way.

High Probability Trading will enable you to be very clear on your trading edge before placing your next trade, ensuring the odds are in your favor. Further to this, trading doesn’t always go in our favor and its not so much the losses that cause the problem, but how we deal with them that moves us forward or drags us down.

High probability trading covers the essential components of successful trading (and then some) like:

• Setting realistic trading goals

• Technical analysis – Trading using indicators, chart patterns, breakouts and reversals

• Market-tested signals for consistently improving the timing of entry and exit points

• Establishing a rock solid trading plan

• Backtesting your trading system before jumping the gun

• How to become a disciplined trader

• The inner side of Trading

For serious and active traders (share traders, CFD traders, futures traders, Forex traders or options traders), High Probability Trading will need to be read at least once a year as you develop and hone your trading skills. As you become a better trader, the book takes on a whole new feel and you will gain so much more from reading it regularly.

What you will find most refreshing about this book is the lack of hype and inflated promises of how rich you are going to become. Instead Marcel Link documents clearly what it takes to become a patient and consistently profitable trader.

Add Marcel Link’s High Probability Trading to your trading bookshelf, read it and most importantly implement the key strategies and mindsets that many winning traders display.

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