Courses Infomation

Trading on Momentum by Ken Wolff

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

The NASDAQ closed over the 4000 mark in 1999, setting a record with 60 new highs. The NASDAQ had the greatest one-year increase ever for a major market index, and this record was the cherry on top of a year of unpredictable triumphs for the stock market index. Never before has momentum been so crucial. For instance, the NASDAQ saw its largest point decline in history on the second day of trade in 2000, after beginning the day with a nearly 100-point loss and ending it with a sizable gain. By identifying when the market has changed, figuring out what has happened, and adjusting their trading strategies to this new environment, this text teaches traders how to earn consistently.

Printed on the back cover

High-Performance Methods for Recognizing and Profiting from Predictable Market Momentum

Recent market fluctuations have hurt a lot of active traders and highlighted the risks of only using conventional valuation techniques.

An unconventional, market-tested strategy for profiting from rapidly shifting market dynamics and trading equities based on observable market momentum rather than faulty fundamental features is presented in Trading on Momentum.

Momentum traders recognize when the market is changing, identify which characteristics are changing and why, and then quickly modify their strategies to profit from those changes. Whatever your trading preferences or background, you may utilize these low-risk, high-probability methods and tactics to:

By observing activity throughout the trading day, you may ascertain market characteristics.
Recognize and take action on short-term market peaks and troughs with confidence.
Learn how to use momentum strategies including gainers, dumpers, and gap plays.

Day trading is still one of the most straightforward and accessible ways to make money today, but only if participants have the skills and expertise to seize opportunities as they arise.

This possibility is exactly what Trading on Momentum offers, and it details methods for working with the markets rather than against them to recognize and grasp the profit possibilities that are accessible throughout every trading day.

“Professional momentum traders take advantage of trends that have a propensity to repeat themselves repeatedly. A competent momentum trader may enter a trade just as the momentum is beginning and leave, sometimes just minutes or seconds later, when the momentum slows and turns, thanks to their ability to discern the underlying reasons and the signs showing that a pattern is likely to repeat itself. It provides chance for enormous returns not available to investors or long-term traders by riding waves of continuous momentum.
from the opening

Literally half of all trades are completed every second of every trading day have the opportunity to make money right now. The trading momentum, not the fundamentals of any stock, is what changes in the instants immediately after the trade. Every second of every trading day, traders who are able to identify and capitalize on this momentum can significantly raise the percentage of their deals that are profitable.

The dynamic trading strategy known as momentum trading is outlined and explained in Trading on Momentum using specific charts, graphs, and examples. This manual provides traders with the knowledge they need to incorporate momentum strategies into their trading arsenals, starting with the fundamentals and moving on to advanced approaches, psychological variables, and special tools of the successful momentum trader. Trading on Momentum is a step-by-step manual for swiftly spotting market turning points and entering and exiting for a quick profit. It covers:

tracking stocks and examining their trading behavior to replace hunches with information and thorough investigation
making the necessary preparations for the opening, when the day’s greatest trading possibilities often arise
Using the Level II Time of Sales Ticker to assess a certain stock’s trend strength
Knowing the news reports that will move a stock in a certain direction and trading at each end of the oscillation
Techniques for customizing your trading approach based on past, observable time-of-day trading patterns

Stocks typically bounce up and down in waves when they move. It is not noteworthy or brand-new information. The capacity to precisely follow and forecast these moves while making money in both directions is novel. Trading on momentum will provide you with the skills necessary to consistently benefit from the market’s natural movements, relying on clear history and observation and leaving speculation and luck to others.

Salepage : Trading on Momentum by Ken Wolff