Forex books

Here is a selection of books that will help you learn trading basics and feel confident on the market. Notice that all the books on the list are in English.
If you are short of time and need a quick yet sufficient summary about trading essentials, you can always read articles in our Forex guide book.

My Simple Forex Breakout Predictor & Metatrader 4 Template & Instructions

My Simple Forex Breakout Predictor & Metatrader 4 Template & Instructions

Joseph Wohlers

This simple trading method will allow you to scalp profits, with very low risk on lower time frames of 1 and 5 minute charts and better yet, will allow you to stay in the better trades, when certain specified conditions on the 30, 60 and higher minute charts allow. In other words, it’s really a Forex breakout predictor, thereby helping you get in the market before the big breakouts occur and allowing you to know when to stay long or short the market for the stronger runs on the higher time frames!

The eBook explains the entry rules and specified conditions that are required for low risk, high probability winning trades. The downloadable template includes the one simple indicator that will confirm a strong breakout on the higher time frames like 30 and 60 minute trades and will confirm to stay long or short, so you can really get in the the higher profitable profit runs of a strong trending currency pair!

Between scalping the market periodically, and monitoring the success of the trending trade on the higher time frames, you simply will maximize your profits. There is no complicated alignment of several indicators - just a simple Pivot Point Moving Average and confirmation by another indicator that the the short term trend reversal is starting to accelerate again in the dominant trend direction once again. Just continue to monitor the trade, and see if it graduates to the same conditions of higher time frames to know if it is wise to stay long or stay short on the higher time frames to reap the major profits!

This simple, low risk trading method ( 15 – 20 pip stops ) allows you to reap even higher rewards on the higher time frames, when market conditions signal you to stay in the trade! My worst mistakes as an amateur trader were not staying in the trade long enough, or not knowing how or when to enter into the smart low risk setups --- now problem solved with my simple Forex breakout predictor. Buy it – try it – you will like it, and learn to love it for it’s highly predictive, profit seeking power!

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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