The RDS Forex System: A Breakthrough Method to Profiting from Market Turning Points (Wiley Trading) - Tapa dura
Sinopsis
Inside a unique system that allows you to identify and trade key turning points in the forex market The 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.
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Acerca del autor
MICHAEL RADKAY is founder and President of the trading education company, RDS Trader LLC. He has been a frequent contributor for the CME Group, Trader Kingdom, Forex Connect, FX Instructor, and Traders Coach. In early 2010, Mike and his wife, Stephanie, built the DTI-FX division. Radkay offers his experience and skills as a futures/forex trader, broker, mentor, and CBOT/CME Group (acronym "RDS") and NFA (#0250761) member to his clients. The proprietary method taught to his students is known as the Rotating Directional System (RDS). This method has helped him achieve success specifically as a trader and generally in all aspects of investing. Visit his website at rdstrader.com. STEPHANIE RADKAY joined the trading pits of the Chicago Mercantile Exchange in 1990 as a clerk for a major international options and futures firm. In 1993, she began her broker career as the only woman in the Major Market Index Futures pit and one of a handful of women in the S&P 500 for three years. In 2000, she decided to take a break from trading and, in 2008, returned to her love for the trade and to help build RDS Trader, the screen trading education company her husband, Mike was building. Stephanie is known as "TIGR" to her fellow traders and brokers at the Chicago Mercantile Exchange, and brings her experience and knowledge of trading, teaching, and managing stress to all of her clients.
De la contraportada
THE RDS FOREX SYSTEM
"Trade strong, trade smart, and ALWAYS make sure you can come back and trade tomorrow!"
Michael and Stephanie Radkay
Modern markets move at lightning speed, so combining a clear plan with a discretionary trading approach can make all the difference between winning and losing. Nobody knows this better than authors Michael and Stephanie Radkay who left successful professional careers as traders to become independent traders and educators.
As founders of the trading education company RDS Trader LLC, the Radkays have helped traders compete in some of the most dynamic markets in the world for almost twenty years. Now, with The RDS Forex System, they share their extensive experience with you and outline their effective approach to successfully navigating the volatile currency markets.
After an informative introduction to today's forex market and how it compares to other markets, this reliable resource shows you how to gain an edge in one of the most competitive markets in the world by using the Rotating Directional System (RDS). This five rule based discretionary trading methodology establishes risk management first, and offers you a trend-side philosophy that predicts time and price objectives using counter-trend reversals as a guide for entries, exits, and overall worth of the trade. Along the way, you'll also discover how it combines both technical and fundamental concepts to help you confidently buy or sell as well as accurately time your trades.
With The RDS Forex System as your guide, you'll quickly become an independent thinker and decision maker that can trade with precision and without hesitation. You'll skillfully progress with each trade and learn how to make the most of your time in today's dynamic forex market.
De la solapa interior
As an independent trader, you assume the role of risk manager, forecaster, economist, and computer technician, as you attempt to place profitable buy and sell orders. While these activities may be demanding, would you want it any other way? After all, nobody cares more about your money than you do.
Over the course of their successful trading careers?as they skillfully shifted from open-outcry pit traders to the more prevalent "screen traders" of today's modern financial world?authors Michael and Stephanie Radkay developed a distinct approach to making the best trading decisions possible. After solidifying their sought-after approach in the commodity futures industry, they applied it to the growing forex market in 2005. Now, with The RDS Forex System, they share their experience in this field with you.
While there are many markets to choose from when trading, foreign exchange, or forex, seems to fit every risk tolerance and is a great place to start and grow. Engaging and informative, The RDS Forex System outlines a unique trading methodology called the Rotating Directional System (RDS) that will allow you to excel in this arena. This five rule? based discretionary trading methodology establishes risk management first, and offers you a trend-side philosophy that predicts time and price objectives using counter-trend reversals as a guide for entries, exits, and overall worth of the trade. Along the way, you'll discover how it combines both technical and fundamental concepts to help you confidently buy or sell as well as time your trades with precision and accuracy.
Written by independent traders, for independent traders, this reliable resource takes you step by step through this proven process with coverage that includes:
The five core RDS Rules: Homework, Neutral, Distance Run, Window of Opportunity, and Relative Strength Index (RSI)
Understanding the ebb and flow of prices to reveal when to get on and off of a trend
Aligning your most productive hours with the time that market prices tend to move
Preparing for known events, from Federal Reserve (FOMC) and foreign central bank meetings to the unemployment/jobs data report
And much more
No strategy has any merit unless you continuously review it, so at the end of the book, the authors offer performance evaluations and peak performance tips to help create the longevity and consistency you seek in the markets today and tomorrow.
As founders of the trading education company RDS Trader LLC, Michael and Stephanie Radkay have helped traders compete in the most dynamic markets in the world for almost twenty years. Now, with The RDS Forex System, they will put you in a better position to successfully navigate the competitive forex market while arming you with the tools and strategies to make it in other markets as well.
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