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Tuesday, January 29, 2008

Forex Research Paper on Volatility, Spreads and Quotes Frequency

Now you can download a new free research paper related to the Forex market from the e-books section of my site. It is "The Interaction Between the Frequency of Market Quotes, Spread and Volatility in Forex" that was published in the Applied Economics journal more than 10 years ago. This paper researches the relations between volatility, spreads and the frequency of the new market data in the Forex. It can be considered outdated for the majority of the modern traders, but it can help in understanding of how the interbank Forex market works. This e-book is definitely not for the general traders' community, but it holds a lot of information for the experienced and professional traders.

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Sunday, January 27, 2008

Support and Resistance MetaTrader Indicator

Enjoy the new MetaTrader indicator — Support and Resistance — ready to be downloaded from the indicators page. This indicator shows the dynamic support and resistance levels directly on the chart. It applies the levels to the certain periods that are treated as the trends or sub-trends. This indicator was originally developed by Barry Stander (http://myweb.absa.co.za/stander/4meta/), but I have received by e-mail from one of my reader — Muntazir Mehdi. So, thanks should go to both of them. And I hope to receive and publish even more of such interesting and yet simple Forex indicators.

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Monday, January 21, 2008

Mathematics of Money Management Forex E-Book

Now you can freely download another money management in trading related Forex book from my site — Mathematics of Money Management: Risk Analysis Techniques for Traders. It is written by Ralph Vince, the author of many books about the use of math in trading. Although this e-book is quite heavy on mathematics (calculus and statistics) it's intended for the general readers — both for those that are fluent in numbers and those that are not. You'll find some working methods and formulas there, that, if used in your own money management strategies, should help you to avoid many of the problems financial traders encounter. It's quite a big e-book and isn't very easy to understand, so be prepared for some long read.

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Sunday, January 13, 2008

New Science of Technical Analysis

I uploaded a new Forex e-book to the site today - it's called "The New Science of Technical Analysis". It was written by Thomas R. DeMark, one of the founders of the modern technical analysis and developer of the DeMark's pivot points. This book is more suited for the experienced Forex traders, because it goes quite deep into the techniques of chart analyzing, while being not very entertaining (of course, hardcore Forex traders will be entertained by such precious knowledge itself, but that's another story ☺). The book is divided into 13 chapters with each of them describing a certain pattern or behavioral aspect of trading. Definitely - a good read for those who think that they know a lot about Forex trading.

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Thursday, November 22, 2007

Learning Flawless Execution of a Trading System

A new trader's psychology related e-book for you to read:

Learning Flawless Execution of a Trading System by Mark Douglas

It's more like an article - just 4 pages long, but it contains a useful information for all Forex traders that have problems in applying a trading strategy. Sometimes, it seems that you know better than your strategy and you correct its actions. Mark describes why such approach is completely wrong and tells us how to avoid it. If you constantly find yourself changing a Forex strategy after it lost 2 positions, you will probably learn some interesting facts from this book.

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Sunday, November 18, 2007

Forex Trader's Cheat Sheet

I've added a new Forex e-book to my site - The Forex Trader's Cheat Sheet. It's not just a book, but a real cheat sheet which can be used every time you consider opening a new position on Forex market. It has several pages of explanations on how to apply its statistical data and a printable version of cheat sheet for 5 currency pairs: GBP/USD, GBP/JPY, EUR/USD, USD/CHF and USD/JPY. As the authors say - it doesn't tell you HOW to trade, it tells you WHEN to do it. But it also has recommendations on position target sizing. Forex Trader's Cheat Sheet is based on the statistical data for H4 timeframe - you can consult it to determine if the trend which you are seeing now is going to last or is it at its end.

I've checked the performance of this cheat sheet combined with a simple moving averages cross system and it was quite good. I used GBP/USD on H4 timeframe on the last two months period. Near 80% of all generated trades were profitable with an average profit/loss rate of more than 2.5. Use it wisely :-).

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Tuesday, November 06, 2007

Currency Trader — Free Forex Magazine

Currency Trader is one of my favorite monthly read. It is published every month by http://www.currencytradermag.com/ website and contains many articles by professional authors. Articles vary from covering recent news topics to technical analysis matters, to fundamental macroeconomic factors. From every issue I learn a lot of important information on global economics and some interesting connections between various financial markets and Forex. For those who don't have economic education this magazine is a good way to get some, at least to improve trading experience. The best thing about Currency Trader is that it is completely free - you can subscribe for it here: http://www.currencytradermag.com/subscribe_acrobat.htm. The worst thing — it has a lot of advertising. There is so much of it that content is almost lost in ads.

For some reason guys from Active Trader Magazine Group, which publishes Currency Trader Magazine, doesn't want it to be freely downloaded from anywhere. So, I had to remove it all from my site. If you still want to read this magazine, you can subscribe to the new issues for free, or you can always find past issues somewhere else (P2P networks, for example).

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Thursday, July 05, 2007

New Forex Book on Trading Psychology

Another free Forex e-book is now available for download from this site. It deals with trader's personality and emotions which are inevitable in such an activity as a financial trading of any kind. Various examples and stories are presented in this book to help a trader to better understand what he must to prevent losing money and gain them instead:

Your Personality and Successful Trading - by Windsor Advisory Services

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Thursday, March 01, 2007

Rapid Forex books set :.

A new e-book (a set of four e-books, to be exact) on Forex trading strategies is available for download from www.earnforex.com. Rapid Forex consists of three aggressive Forex strategies by Robert Borowski - Forex Sailing, Forex Scalping, Forex Surfing and one strategy by Stephen Pierce - Rapid Fire Swing Trading.

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