Forex Trading: How John L Person Successfully Conquered
In this amazing book, John covers it all. From trading systems to money management to emotions, he explains easily how to pull money consistently from the most unpredictable markets. His strategies are based on decades of hard-earned knowledge, backed up with comprehensive analysis to help traders achieve financial success. His money management tactics allow traders to protect their capital when markets don’t move in their favor. And his emotional strategies help traders to stay in control and make rational decisions under pressure.
John’s easy-to-follow guide shows traders how to identify entry and exit points, trade smarter not harder, and use correct leverage for maximum results. He also gives the secrets to overcome emotion-based trading and explains why traders should ‘never give up’ when markets are challenging them.
Learn the Basics before Stepping into the FX Market
Though it’s easy to get started trading Forex, it pays in the long-run to have a thorough understanding of the nuances and principles of trading currencies. Investing in learning ahead of time can help traders avoid common mistakes and make better decisions in their trading. A solid foundation of basic knowledge, such as what affects currency prices and how to read and interpret technical trading indicators, is the key to long-term success.
John’s book helps readers grasp these building blocks and rapidly build to more advanced concepts. He emphasizes the importance of trading psychology and equips traders with valuable emotional regulation techniques to remain rational even in volatile markets.
Real Life Stories of the World’s Most Successful Forex Traders
From Larry Hite to Stanley Druckenmiller, John’s book introduces readers to the real life stories of the most successful traders in the world. Readers will gain a better understanding of the importance of discipline and dedication that awaits a successful trader. By hearing stories of top Forex traders and their successes, readers are sure to be inspired to persevere on the path to their own Forex trading success.
John’s book provides a comprehensive look into the world of FX trading and offers invaluable tips and tricks to get started. With market analysis tools and psychological strategies, John is able to equip FX traders with the proven methods he has developed over a lifetime of trading. There is no single formula for success for trading in the financial markets, but this book comes close.
Introduction to Forex Conquered by John L. Person
John L. Person, experienced Forex trader and author of the book ‘Forex Conquered: High Probability Systems and Strategies for Active Traders’, provides a comprehensive guide to the successful trading of foreign currency. The book, released in 2012, covers the basics of the forex market, risk management, charting, and developing successful strategies and systems. With his years of experience dealing with the forex market in different markets, John L. Person has produced a comprehensive guide which is designed to help both novice and expert traders in understanding the key principles of the forex markets.
Overview of the Book’s Content
Forex Conquered is divided into six parts and 305 pages. The first section of the book deals with the basic concepts of forex trading, including understanding the market dynamics, identifies the common and uncommon money markets, and outlines the benefits of using an integrated trading system.
In the second section, the reader is introduced to the concept of technical analysis. Here, John L. Person explains charting principles, patterns, systems, indicators, and other tools used to help plot successful trades. Sections three and four address topics such as risk-management, how to choose the right trading system, and developing a successful trading plan.
Section five focuses on emotions such as fear, confidence, and confidence aversion. John L. Person explains that having the right attitude and understanding one’s emotional state can help achieve success in trading forex. In the final section, John L. Person provides examples and strategies for successful trading.
Risk Management Strategies
The main concept that John L. Person focuses on is the need to properly manage one’s risk. This is done by using correct money management principles and by safeguarding one’s capital. He also recommends using stop losses and having an exit strategy which is well defined. Forex Conquered provides readers with tactics to help them in entering and exiting trades, as well as the timing and criteria for entering and exiting trades. By following the risk management strategies outlined in this book, traders will be able to protect their capital and make consistent gains.
Forex Conquered provides an essential resource for anyone who is looking to gain a better understanding of the forex trading market. Through his detailed and comprehensive guide, John L. Person has been able to show both beginner and advanced Forex traders how to capitalise on the potential opportunities in the market. With his extensive knowledge and years of experience, this book dispels any notions that trading in the Forex market is a form of gambling. On the contrary, John L. Person shows that with wisdom, patience and good money management, trading in the Forex market can yield consistent gains.