Beat the Odds in Forex Trading

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Written by Book Reviews

Let me do the usual qualifier and state that I have read every book on trading- let alone on the fx spot market. One thing you have to consider about some of the bad reviews so far is that it takes a difficult amount of time to become a "profitable" trader.

I could only imagine if I read this book during my first year of trading- I would most likely think it was a very elementary trading book. Igor's book is mainly for a "chartist" type of trader. This is much different from some indicator heavy mechanical trading system.

When I first started trading I thought I could find the "holy grail" through some complicated marriage of many indicators plus some Elliot wave or Gann etc.. As I grew as a trader, paid dues in losses, I realized that trading with just price action alone is the quickest and most profitable(KISS). This involves only candlesticks, chart patterns, coupled with support/resistance.

Everything else lags price. The more complicated you try to make trading- the harder it is. Most good forex traders are aware of certain intraday patterns that develop during the asian-european-new york trading sessions. After looking at charts for enough years you can trade these patterns unlike anything else in any other market.

Igor is the first author to detail these patterns and show them on paper! He even tells you to ignore the first breakout in a horizontal range pattern during the asian session! That advice alone is worth more money than any non-trader will ever know!

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