Trading Forex for a Living

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Tools and Strategies to Empower the Professional Forex Trader www.fx-knight.com

Chapter headings for Trading Forex for a Living

Acknowledgements
Foreword
Introduction: The Ideal Home Business?

Chapter 1: Welcome to the Global Financial Markets
Self-Reliance: Recession-proof Insurance in the Age of the Disposable Worker
Qualities of a Successful Trader: Do You Have What it Takes?
What Moves the Markets? Supply and Demand - the Long and Short of it
Meet the Players: the Bulls and the Bears
Technical or Fundamental? The Oldest Debate and Why the Answer Isn't Important
Forex - the Ideal Market for the Independent Trader
What the Heck is a "Pip"? How Much is a "Lot"?
Economic Releases and What They Mean

Chapter 2: Getting Started
Selecting a Broker - Your Partner in the Business
Demo Trading: Why Forward Testing is Better than Back-testing
Designing Your Trading Environment
Keeping Your PC Healthy and Happy
A Typical Day for a Day Trader
Before You Quit Your Job
Keeping Up with the Markets Despite Your Job
How Much Start-up Capital Do You Need?
Your Path to Financial Freedom

Chapter 3: Key Strategies
Candlesticks - What 900-year-old Patterns Can Tell Us About Tomorrow's Price
Charting Basics: Support and Resistance, Trends and Trendlines
Moving Averages: Your Clue to Market Sentiment
Finding Equilibrium - the 21 EMA
Retracement or Reversal? Introducing the Tunnel of 5's
Pivot Points: The Secret Weapon of Bank Traders
Fibonacci - Finding Targets is as Easy as ABCD
How to Handle Multiple Targets
How to Know When You're in a Trend (and What to Do When You're Not)
Not All Indicators are Created Equal - When to Use Which
Divergences: How to Turn Lagging Indicators into Leading Ones
If Trading is a Game, Oscillators are the Stopwatch
Volume: the Only Indicator that Differs from the Rest
The Smart Stop System - Limiting Losses, Protecting Profits
Filter Out Bad Trades with Multiple Timeframe Analysis
A Few Words About News Trading

Chapter 4: Building a System
Putting it All Together: From Concept to System
Not All Entry Signals are Created Equal
Risk:Reward Ratios - Making a Good System Even Better
When to Take an Early Exit - and When Not to
Money Management: The Key Ingredient to Your Success
Martingale and Anti-martingale Systems
The Equity Curve and What it Can Tell You
Do You Know Your System's Expectancy?

Chapter 5: The Secret of the Holy Grail
Why 95% of Traders Lose - and How to Avoid Being One of Them
Greed and Fear: The Eternal Dance
Keeping a Trade Journal
Keeping Yourself Fresh and Motivated
What to do About Your Spouse: Maintaining Balance and Family Harmony
Mind, Body, Spirit: The Importance of a Winning Attitude

Chapter 6: Going Further
Steering Your Ship, Checking Your Course
Adapting the Strategies to Commodities and Other Markets
Business and Tax Considerations
Going Pro: Managing Money for Others
The Fastest Way to Attract Money is to Give Some Away

Appendix A: Online Resources
Appendix B: Further Reading

About Andrei Pehar

Andrei Pehar is a private fund manager, consultant to management, and a sought-after speaker and coach for professional traders and individual investors alike. At a young age he was already playing in professional chess tournaments, and went on to further hone his strategic skills through years spent studying Japanese martial arts. From both worlds, he brings with him a unique perspective to the financial markets. His client list includes prestigious names such as UBS, Tower Asset Management (named by Bloomberg as top asset manager), Clifford Associates (investment counselors since 1915, officially acknowledged as the oldest in the United States), and several other high profile firms specializing in investment and wealth management for musical artists, sports celebrities, and other ultra high net worth individuals and trusts. Andrei is a regular contributor to BabyPips, DailyFX and FXStreet. He is currently working on a book which will, for the first time, introduce retail traders to institutional trading strategies and techniques. He is the founder of fxKnight.com, which provides free tools and strategies for professional traders and individual investors (including live chat, strategy forums, training videos, worldwide market news, and streaming ForexTV).

More about Andrei Pehar

Reviews for Trading Forex for a Living

"It's very important to be fully prepared when you enter the fascinating world of Forex trading. Andrei does an excellent job in covering everything you need to know: just look at the table of contents and you can see his comprehensive approach. I wish that this book would be given to every trader who is interested in trading forex for a living. You owe it to yourself to read this book!"
- Markus Heitkoetter, CEO of Rockwell Trading Inc.