This second book by best-selling author Nicholas Tan is written for new currency traders to help them to identify trends and patterns and turn them into trading opportunities and profits. Written in a straightforward manner, it shows you the opportunities that exist in an uptrend, downtrend and a sideway market and how you can trade with the trend.
It shows you how to use simple trend lines, support and resistance lines, Fibonacci ratios, candlesticks patterns, and technical indicators such as moving averages, MACD and RSI as part of the trading plan. Each trading strategy taught in this book comes with precise trade signals, entry and exit points and the right indicators to use. With many charts and illustrations in the book, it makes forex trading simple for new and seasoned traders. Nicholas Tan’s first book, “Handbook On Forex Trading” has sold more than 10,000 printed copies in Asia alone.