This book is designed to introduce you to the exciting world of
active trading. Active trading means to actively participate in
everyday price movements of the financial markets. Active
trading enables you to actively manage risks and to participate
from both rising and falling prices. The trades I am describing in
this book can be from as short as a few seconds to as long as a
few days. Many of the strategies can be applied to various
timeframes. The difference between active traders and
investors is that active traders trade the actual price movement
versus investors who make their decisions based on the
anticipation of future price movements. I made this book as
complete as possible. However, you will find as many strategies
as traders. As you gain more experience you will realize that
most strategies are based on the same basic principles which
are all described in my book.
I have been trading and coaching for many years now. The
need to be independent certainly was the biggest reason for me
to enter the world of trading. In what other job do you have the
freedom to work from anywhere in the world where you have
access to the Internet? I started with investing but always felt
that there has to be more to the stock market. That’s when I
started watching quotes in real time and realized how big the
profit potential must be if I could just cut out a small piece of the
everyday movements. There are many obstacles to conquer
in order to get to a consistent success. A solid strategy,
a neutral state of mind and rigid risk management are only
some of the key traits needed to be successful.
Whether you are planning to trade full time or just part time, this
book will give you very valuable insight into the whole business.
Even if you are just planning to invest you should read this book
and take some of the basics of technical analysis into
consideration when making your next decisions.