Beat the Odds in Forex Trading: How to Identify and Profit from High Percentage Market Patterns
By Igor R. Toshchakov
Synopsis:
Covering 226 pages of detailed information, Igor R. Toshchakov’s method is one that may surprise some traders, but it is a useful one. This forex book review will look at how this experienced trader has managed the risks associated with forex trading, and, as he describes it, beat the odds.
Review:
Igor R. Toshchakov has a wealth of experience when it comes to foreign exchange, and he’s been a currencies trader for a long time. As a result, he knows what he’s talking about. He takes an approach that may, on its face, seem unusual. For example, he encourages avoiding market predictions and instead suggests opting for a highly rigid and structured approach.
However, he does explain how to identify trends in a smart and focused way. Interestingly, he also places the activities of a forex retail trader into context by explaining how they relate to the activities of banks, and he shares some tips on how to learn from these institutions as well.
While this isn’t the sort of book that has a “get rich quick” vibe, it’s important to keep some simple truths in mind, even when just looking at the title. Forex brokers aren’t always on the side of the trader, and in quite a few cases, traders have found that the odds are stacked against them. Beating the odds is the result of a process rather than of reading a single book, but if the trader has grasped the basics and is looking where to go next, this work is a useful read.
Details:
ISBN-10: 0471933317
ISBN-13: 978-0471933311
Format: Hardcover
Length: 224 pages
Publisher: John Wiley & Sons
Publication Date: 28 July 2006
Language: English
