Trade Your Way to Financial Freedom, ForexTrend

Trade Your Way to Financial Freedom

In Forex Books Reviews by any arons

DESCRIPTION

The second edition of Trade Your Way to Financial Freedom was written to facilitate financial solutions while providing answers to queries that inhibit the financial market landscape. Presented in this new update is the author’s 17- step trading model, a research-based framework that guarantees financial success. More so, this book goes deeper to addressing topics such as reward to risk multiples and its surrounding theories and practices. This know-how guide is equipped with updated interviews with high-tier and seasoned traders, charts, and other conducive examples crucial for trading education. 

Compared to other introductory guides of trading, this book delved deeper into concepts of prices, strategies, and other prerequisites that every novice trader needs to know and understand. Its thorough discussion of stop-loss, take profit, and ideal trading volume are all helpful enough for traders to start his trading venture and successfully navigate his way through the complex trading activity. 

Though concepts may seem daunting at first reading, the author highly suggests familiarizing the book in order for concepts to become second nature. More so, one does not have to worry about the technicalities as much of the discussion and concepts were presented in a comprehensive method, enough for a 12th grader to understand. 

ABOUT THE AUTHOR

Van K. Tharp established his name through his laudable contributions in the field of trading coaching and consultation. His experiences made him a popular figure in the field of trading as he started this kind of venture back in 1982, driven by one purpose: honing individuals to bring out the best trader out of them. 

Tharp provides conducive learning strategies, and his methods in producing great traders are highly recognized as they were considered to be the most ideal. He rendered years of service for people with issues in system development and trading psychology. He established an institution called Van Tharp Institute meant to deliver high-end learning materials and services for traders and investors anywhere in the world.

TABLE OF CONTENTS 

Foreword by Chuck Whitman

Preface to the Second Edition

Preface to the First Edition

Acknowledgments

PART ONE- The MOST IMPORTANT FACTOR IN YOUR SUCCESS: YOU!

  1. The Legend of the Holy grail
  2. Judgmental Biases: Why Mastering the Markets Is So Difficult for Most People
  3. Setting Your Objectives

PART TWO- CONCPETUALIZING YOUR SYSTEM

  1. Steps to Developing a System
  2. Selecting a Concept that Works
  3. Trading Strategies That Fit the Big Picture
  4. Six Keys to a Great Trading System 

PART THREE- UNDERSTANDING THE KEY PARTS OF YOUR SYSTEM

  1. Using Setups to Jumpstart Your System
  2. Entry or Market Timing
  3. Knowing When to Fold ‘Em: How to Protect Your Capital
  4. How to Take Profits

PART FOUR- PUTTING IT ALL TOGETHER

  1. There’s Money for Everyone
  2. Evaluating Your System 
  3. Position Sizing- The Key to Meeting Your Objectives
  4. Conclusion

Glossary

Recommended Readings 

Index