File Size: 2029 KB
Print Length: 36 pages
Simultaneous Device Usage: Unlimited
Publication Date: May 28, 2015
Sold by: Digital Services LLC
Language: English
ASIN: B00YHHI7ZM
Text-to-Speech: Enabled
X-Ray: Not Enabled
Word Wise: Enabled
Lending: Not Enabled
Enhanced Typesetting: Enabled
Best Sellers Rank: #571,387 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #169 in Kindle Store > Kindle eBooks > Business & Money > International > Foreign Exchange #297 in Books > Business & Money > International > Foreign Exchange #343 in Books > Business & Money > Investing > Analysis & Strategy
Zach Raymond may not leave biographical data to support his background, but just read his books – ONE HOUR TRADING, INVESTING FOR BEGINNERS, SALES, STOCK TRADING – and he grabs our attention despite the brevity of his books.In this brief but concise book ONE HOUR TRADING Zach discusses Forex trading, and for those unfamiliar with the term, it stands for ‘trading foreign exchange, and he mentions right away the key to understanding and benefitting form this book is to understand ‘price action’ – ‘the most powerful, and also the easiest way to trade the market successfully. It is a style of technical analysis however it uses candles on a chart which represents data. This data shows what the market has been doing for a specific time range. For example if it is a weekly candle then it shows what the market did for that week. All economic data and worldwide news that effect price in any way will be reflected on the price chart so it eliminates almost any use of following the news. Whilst economic data and other global news events are the catalysts for price movement in a market, we don’t need to analyze them to trade the market successfully. The reason is pretty simple, all economic data and world news that causes price movement within a market is reflected via Price Action on a price chart. The main reason that separates price action trading from all other trading strategies is that it uses “clean” charts also known as “naked” charts. There are no indicators or anything confusing on your chart, the only thing that is there is raw price displayed as candles. This makes trading simpler and easier.
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