Nikolay Ludanov Intuitive trading.

An interesting trading textbook that will be understandable even for a novice trader. The author's primary goal is to combine technical analysis with patterns that can be identified in exchange rate movements.

Forex patterns and technical analysis have always been the foundation of successful trading; the key is to learn to recognize and memorize them.

One forum commenter claimed that the book's title doesn't quite match the content, but if you consider intuition in relation to Forex, it's not reading tea leaves, but rather predicting trends based on inferences about their likely future behavior.

Overall, the book is easy to read and includes numerous real-life examples, making it less dry and easier to read.

Contents Overview:

1. An Intuitive Approach to Trading – This chapter provides numerous analogies between trading and various games and logical models. This chapter will help you understand the similarities between Forex trading and chess.

2. Jesse Livermore's Trading Theory – A description of his trading strategy and key principles in managing investment capital. An interesting point here is the theory behind using so-called Pivotal Points, which always serve as the main guidelines when opening trades.

3. Larry Williams' Trading Method – Who wouldn't want to emulate this trader's record? This can be achieved by understanding his trading system. This chapter presents its main principles and also describes some psychological aspects of trading on the exchange.

4. Creating a Trading System – Perhaps one of the most valuable chapters in this book, it will help you learn how to organize your own Forex trading. And learn how to find the best opening and closing positions.

5. Stock Market Model – here you can get not only a general idea of ​​the market but also learn the principles by which prices move.

6. Price Mechanics – a Forex trend , a complete description of all its features and characteristics.

7. Technical Indicators – a description and application of indicators in stock trading.

8. Triggers and Setups – essentially, we'll talk about pattern trading, again, about using patterns.

9. Risk and Capital Management – ​​about how to reduce losses and increase profits.

10. Trading Psychology – the title requires no further comment.

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