Description
Book SynopsisDreaming of becoming a successful trader? Daryl Guppy and Karen Wong show you the steps that will allow you to turn part-time trading into a successful income stream.Wong's unique approach uses a stock exchange-based Trading Game simulation as an arena for stress testing trading ideas before risking real cash. This is a serious training method. Wong reveals the essential lessons underpinning survival and success in modern trading markets. She shows how sensible use of derivatives like contract for differences (CFD) enhance returns from trading ideas. Wong takes you through the steps she followed to turn an ambition into a reality. Based on her experience, using Guppy trading methods and her own trading methods, she shows mistakes to avoid and some shortcuts to success.Guppy shows how to adapt your stock trading skills to trading the foreign exchange (Forex) market using methods suitable for a part-time trader. This includes a full explanation of a trading approach for Forex, commodities, and indices. This new trading method identifies high probability trades with well-defined exit targets. This method is designed for time-poor traders who want to limit time risk in the market.Guppy and Wong explain how charting and technical analysis methods are easily applied to improve trade identification, trade management, and profit taking. The discussion is illuminated with real trades so you can identify the features of success, and also the warning signs of failure.Modern markets call for a new mixture of trade methods to make the best use of new trading instruments like CFDs and the increasingly accessible Forex market. You can trade part-time and make a decent second income. Guppy and Wong give you the benefit of their experience and the tools to make this dream a reality.Related Link(s)
Table of ContentsPreface; Starting with Stocks: 10,000 Hours; Battle Planning; Good Game; Trading Recommendations; Child's Play; Trading Between the Lines; Big, Round, and Probable; Double Dipping Price; Rise of the Mid-Trend Trade; Long and Short of It; Three Trade Bites; Trade Management; Tale of a GUD Trade Gone Bad; Wrestling With Risk: Defend Your Position; Milking It for All It's Worth; Ultimate Question; Mind Matters: LOV Gone Wrong; Don't Show Me the Money; Listen to Your Chart; Stepping Up to FX: Greener Pastures; High Probability; Guppy FX; FX Protection; Home on the Range; Scurry with the Ants; Best Time to Forex; Pip Fiction; Larger Piece of the Pie 1 and 2; Time Matters as Trend Shatters; Bitcoin Boom or Bust!;
