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The RDS Forex system : a breakthrough method to profiting from market turning points / Michael Radkay, Stephanie Radkay

Author
Radkay, Michael, 1967-
Additional Titles
Rotating Directional System Forex system
Published
Hoboken, NJ : Wiley, [2012]
Copyright Date
©2012
Physical Description
1 online resource (xiii, 223 pages) : illustrations
Additional Creators
Radkay, Stephanie, 1968-
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Series
Language Note
English.
Contents
Introduction to today's Forex market -- Comparing Forex to other markets -- Finding the new edge -- The long and short of fundamental analysis -- Price never lies -- Play at peak times -- Preparing for known events -- Risk tolerance and developing a feel for price movement -- Why technical analysis works -- Defining the rotating directional system -- Putting it all together -- Evaluating your performance.
Summary
"Inside a unique system that allows you to identify and trade key turning points in the forex marketThe financial markets are in a constant state of affirming, breaking, and developing new support and resistance areas. Traders use a variety of methods to project support and resistance points based on past price action. However, the question of whether those areas will hold or break in real time is a much more difficult calculation. In The RDS Forex System, former pit trader Michael Radkay provides forex traders with a unique system for identifying support and resistance zones in the foreign currency market and developing profitable trading strategies around those zones. The system uses market volatility, momentum, and chart patterns to calculate support and resistance zones. As prices reach a specific zone objective, trading strategies are put in place to profit from the next movement. The book will show how this system gives traders a continuous sense of the market's directional bias, identifies potential turning points, and recommends levels to take profits off the table. Highlights the Rotating Directional System (RDS), a computer-based, longer-term application of the methodology used by many successful pit traders Discusses how to use a variety of indicators to identify support and resistance areas Reveals strategies employed to profit from market swings The RDS Forex System is an ideal guide for retail traders actively involved in the forex market"--
Subject(s)
Genre(s)
ISBN
9781118223666 (e-book)
1118223667 (e-book)
9781118236987 (electronic bk.)
111823698X (electronic bk.)
1280591544
9781280591549
9781118096680
1118096681
9786613621375
6613621374
Digital File Characteristics
data file
Bibliography Note
Includes bibliographical references (pages 215-216) and index.
View MARC record | catkey: 37425966