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Forex Patterns & Probabilities: Trading Strategies for Trending & Range-Bound Markets (Wiley Trading) | 
 enlarge | Author: Ed Ponsi
Publisher: Wiley
Category: Book
List Price: $85.00
Buy New: $46.22
You Save: $38.78 (46%)
New (23) Used (8) from $46.16
Rating:  35 reviews
Sales Rank: 38259
Media: Hardcover
Pages: 272
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9.1 x 6 x 1.1
ISBN: 0470097299
Dewey Decimal Number: 332.45
EAN: 9780470097298
Publication Date: July 27, 2007
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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Product Description
While most books on trading deal with general concepts and shy away from specifics, Forex Patterns and Probabilities provides you with real-world strategies and a rare sense of clarity about the specific mechanics of currency trading. Leading trading educator Ed Ponsi will explain the driving forces in the currency markets and will provide strategies to enter, exit, and manage successful trades. Dozens of chart examples and explanations will guide you each step of the way and allow the reader to "look over the shoulder" of a professional trader hard at work at his craft. This book provides traders with step-by-step methodologies that are based on real market tendencies. The strategies in this book are presented clearly and in detail, so that anyone who wishes to can learn how to trade like a professional. It is written in a style that is easy to understand, so that the reader can quickly learn and use the techniques provided.
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| Customer Reviews: Read 30 more reviews...
 The Best Forex Book By Far - A Classic September 8, 2007
Ikayakbr
33 out of 36 found this review helpful
Without a doubt this book is far superior to anything else available on the subject of forex trading. "Forex Patterns and Probabilities" will become a trading classic not only for the tremendous amount of useful information it provides, but for the easy and fun way that the information is presented. The author, Ed Ponsi, presents very detailed strategies and then demonstrates them to the reader in a very concise manner. This is exactly what I needed and what most traders need - clear, unambiguous directions that explain in perfect detail exactly what the trader must do to make money trading.
The author caught my attention when he appeared on CNBC, and it became immediately clear that he was not the average guest. He has a relaxed manner and a seemingly encyclopedic knowledge of trading, yet he explains everything in a very down-to-earth manner. He has a real ability to explain trading in a way that is easy to comprehend for the average person. The book reflects that.
The one thing that is abundantly clear is that the book is written by an actual trader - you can tell by the tremendous detail and the clear thought process that the author has actually used these strategies, and he even shows examples where the trades didn't work out. He shows trading as it really is, not the idealized version presented in most books.
When I read this book I felt as if the author were speaking directly to me in that pleasant, easy-going manner. The book is free of technical jargon and is even amusing at times. I especially enjoyed the stories about the author's early days as a trader on Wall Street, and the way he relates trading to everyday life.
This book contains some real eye-openers, including a chapter that will forever change the way I think about trading. The author applies game theory to show why most short term traders lose money, and what you can do about it. This alone was worth the price of the book. Another section exposes the conflict of interest inherent in the introducing broker relationship. You certainly won't see that in any of the books written by market maker employees. Another great section showed how to set goals. There was so much good, useful information in this book, and it was so easy to read and entertaining, that I couldn't put it down. I recommend it highly to anyone who is serious about trading for a living.
Great Overview of Essential Info with Strategy April 28, 2008
T. Mandeville
4 out of 5 found this review helpful
This book covers enough of the basics to get you started and enough strategy to help you understand how some of the pro's make money.
One of the best June 23, 2008
Carlos B. Valiente (El Salvador, Central America)
3 out of 4 found this review helpful
It is a very good book that teaches, using an easy vocabulary, all you need to know about the Forex market. I consider it is great for a bigginer and very useful to for an actual operator.
Good Reading June 14, 2008
C. Towner (Manassas VA)
4 out of 5 found this review helpful
Easy to read and I enjoyed it. The book does not beat around the bushes. One of the best that I have read on the topic. Wish that there are a few chapters more.
The best book on trading I have ever read April 1, 2008
J. Champagne (New Orleans, LA)
4 out of 5 found this review helpful
What's been said in other reviews on here is true. Many books on trading are full of fluff and are far too vague. This one isn't like that.
Ed Ponsi is my new hero. He takes you all the way through a trade- how to find the perfect setup, when to enter, where to place stops, and where to properly exit. This was exactly what I was looking for.
Don't let the title or the cover scare you. The book is clearly written and very easy to understand. Well worth the money despite being only 250 pages.
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