Long-term secrets of short-term trading. Larry Williams

The author of this book is one of the most famous traders in the world, Larry Williams; the entire financial world knows his scalping .

The author's invaluable experience makes Long-Term Secrets of Short-Term Trading simply an invaluable textbook for any trader. Although the book was written more than ten years ago, the aspects laid out in it are still more than relevant.

Long-term secrets of short-term trading are recommended reading for both a novice trader and a professional who already knows the market.

Main sections:

1. Bringing order to short-term chaos - market structure and its understanding as the basis of trading on the stock exchange.

2. The question of price and time - what is the Forex price, the cyclical nature of exchange rate changes as the basis for searching for patterns.

3. Volatility breakouts – what is volatility and its calculation and use of the results obtained to assess the state of the market.

4. The theory of short-term trading - as one of the most profitable trading options.

5. Price figures – their types and the formation of a trading system at various time intervals.

6. Short-term trading on the quote screen - turning points and trend change signals, highs and lows, as a basic basis for selecting market entry points and trend analysis.

7. Special short-term situations - choosing the time for the most successful transactions depending on standard market situations.

8. When to exit trades - recommendations on the time to close existing orders, searching for the most successful exit points.

9. Reflections on the speculative business - what is the essence of trading, management of trading on the stock exchange, time as the main factor in trading.

10. Money management is the key to the kingdom, an overview of the main methods of money management, their correct and timely application in practice.

11. What makes the market grow - the main points in stock trading, setting stop losses and controlling losses.

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. Larry Williams. As can be seen from the main sections, the book is an extended guide to professional trading.