Fibonacci Forex Trading

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Thanks,
JT

Recent Read 2

This is the true story behind Wall Street legend Richard Dennis, his disciples, the Turtles, and the trading techniques that made them millionaires.

What happens when ordinary people are taught a system to make extraordinary money? Richard Dennis made a fortune on Wall Street by investing according to a few simple rules.

Convinced that great trading was a skill that could be taught to anyone, he made a bet with his partner and ran a classified ad in the Wall Street Journal looking for novices to train. His recruits, later known as the Turtles, had anything but traditional Wall Street backgrounds; they included a professional blackjack player, a pianist, and a fantasy game designer. For two weeks, Dennis taught them his investment rules and philosophy, and set them loose to start trading, each with a million dollars of his money. By the time the experiment ended, Dennis had made a hundred million dollars from his Turtles and created one killer Wall Street legend.

In The Complete TurtleTrader, Michael W. Covel, bestselling author of Trend Following and managing editor of TurtleTrader.com, the leading website on the Turtles, tells their riveting story with the first ever on the record interviews with individual Turtles. He describes how Dennis interviewed and selected his students, details their education and experiences while working for him, and breaks down the Turtle system and rules in full. He reveals how they made astounding fortunes, and follows their lives from the original experiment to the present day.

Some have grown even wealthier than ever, and include some of today's top hedge fund managers. Equally important are those who passed along their approach to a second generation of Turtles, proving that the Turtles' system truly is reproducible, and that anyone with the discipline and the desire to succeed can do as well as—or even better than—Wall Street's top hedge fund wizards.

Until next time,

JT

Recent Read

From the Back Cover:

How did John W. Henry quietly become rich enough to buy the Boston Red Sox? How have traders like Keith Campbell, Bill Dunn, Jerry Parker, and Salem Abraham consistently generated immense wealth in bull and bear markets?

The key is trend following -- the only strategy proven to consistently make money. Michael Covel reveals the "underground" network of little-known traders and hedge fund managers who've been following trend for decades.

He introduces its fundamental concepts and techniques, showing why market prices contain all the information investors need, and how to understand price movements well enough to profit from them.

Using 100 pages of easy-to-understand charts from top trend followers, Covel proves the strategy works -- and shows why only a technical system based on following price trends can win over the long term.

Covel presents more than a decade's worth of data: even more backtested trend following results. Covel thoroughly debunks misinformation and failed advice.

This timely book capitalizes on today's intense volatility and uncertainty to give investors what they're desperately searching for: a strategy that really works.

I really enjoyed this one.

JT

New Item on page

I will be adding new tools on my page which I believe will be helpful to us in our trading.


The first one, which was added today, is a newsletter which is located below the posting area and will be regularly updated .

It has a currency trading summary, as well as technical commentary to help us stay informed.



Enjoy,

JT

The Next Step

Ok. I've just finished reading Forex Made Easy by James Dicks, good book, and I've also signed up for a demo account with Easy Forex, so far so good.

I must say that you have to be careful when you request information from some companies and be be ready for the onslaught of phone calls. Some of these companies should, in olympic talk, give a gold metal to some of their people and disqualify others. They have ranged from very good to just plain terrible.

With all that aside I've decided to look more into being an individual trader and finding a mentor, that a broker working for a company, I think it will work better for me.

I want to remind all of you that this is a blog about my experiences entering into the world of foreign exchange and currency trading, it may not be professionally written but you're going to get the straight stuff.

Until next time,

JT

Note:If you want to get this book just click on the picture, I've provided a link to it on Amazon.

Welcome

This blog will chronicle my experiences entering the world of Forex.

You will get to come along for the ride as I go through all the requirements, education, testing and so on to get started in this wonderful and ever growing industry.

Stay tuned as I will be posting regularly.

Let's get started,

JT