{"product_id":"beat-the-odds-in-forex-trading-isbn-9780471933311","title":"Beat the Odds in Forex Trading","description":"\"\u003cb\u003eBeat the Odds in Forex Trading\u003c\/b\u003e provides traders with tremendous value by disseminating the trading methods and philosophy of one of the most remarkable Forex success stories since Soros.\" \u003cbr\u003e --Alexander De Khtyar, President, Forex International Investments, Inc.  \u003cp\u003eAdd certainty and systematization into Forex trading with this practical approach. Author and industry professional Igor Toshchakov shows how recurring market patterns--which can be recognized on a simple bar chart--can be successfully used to trade the Forex market. Written for traders at every level, this valuable resource discusses the challenges of developing a trading method, while revealing the Toshchakov's approach to the market--both from a philosophical and tactical point of view. You'll discover specific trading strategies based on recognizable market patterns, get detailed information on entry and exit points, profit targets, stop losses, risk evaluation, and much more.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eIntroduction vii\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART I Recommendations to Novice Traders 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 1 How to Get Started 3\u003c\/p\u003e \u003cp\u003eCHAPTER 2 Establishing a Trading Account 7\u003c\/p\u003e \u003cp\u003eCHAPTER 3 Choosing the Right Dealer 15\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART II Developing a Trading Method 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 4 Psychological Challenges of Speculative Trading 27\u003c\/p\u003e \u003cp\u003eCHAPTER 5 Discretionary versus Mechanical Trading Systems 33\u003c\/p\u003e \u003cp\u003eCHAPTER 6 Technical and Fundamental Analysis 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART III The Igrok Method 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 7 Philosophy of the Igrok Method 53\u003c\/p\u003e \u003cp\u003eCHAPTER 8 Evaluating Probabilities Using Technical Analysis 59\u003c\/p\u003e \u003cp\u003eCHAPTER 9 Basic Trading Strategies and Techniques 77\u003c\/p\u003e \u003cp\u003eCHAPTER 10 Choosing a Currency Pair to Trade 95\u003c\/p\u003e \u003cp\u003eCHAPTER 11 Money Management Rules and Techniques 97\u003c\/p\u003e \u003cp\u003eCHAPTER 12 Market Behavior and Trader Discipline 103\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART IV Short-Term and Intraday Trading Strategies Using the Igrok Method 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 13 Principles of the Intraday Trading Plan 113\u003c\/p\u003e \u003cp\u003eCHAPTER 14 Entering the Market 117\u003c\/p\u003e \u003cp\u003eCHAPTER 15 Exiting the Market 125\u003c\/p\u003e \u003cp\u003eCHAPTER 16 The Importance of Timing 133\u003c\/p\u003e \u003cp\u003eCHAPTER 17 Trading Strategy During the Central Bank Intervention 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART V Templates for Short-Term and Intraday Trading 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 18 Average Daily Trading Range Templates 147\u003c\/p\u003e \u003cp\u003eCHAPTER 19 Technical Formation Templates 159\u003c\/p\u003e \u003cp\u003eCHAPTER 20 Trendlines, Support, and Resistance Templates 191\u003c\/p\u003e \u003cp\u003eCHAPTER 21 A Sample Trade 207\u003c\/p\u003e \u003cp\u003e\u003ci\u003eIndex 211\u003c\/i\u003e\u003c\/p\u003e  \u003cb\u003eIGOR TOSHCHAKOV\u003c\/b\u003e (L. A. IGROK) is a trader, money manager, and founder of the online trading school at www.igrokforex.com and investment advisory firm Igrok Trading International. This school has taught hundreds of traders since it opened in 2000 and offers numerous online courses. Toshchakov currently manages several portfolios for various entities, and Igrok Trading International is the exclusive advisory firm for \"Mina Capital\" Fund of Funds in \"C\" and \"D\" share classes.   Longtime Forex traders know they will never achieve certainty of profit. The best they can hope for is to trade uncertainty for a proven system and a reliable combination of recurring patterns.\u003cbr\u003e \u003cbr\u003e   \u003cp\u003eBeat the Odds in Forex Trading shows you how to replace fickle predictive formulas with tangible market chart patterns to dramatically augment your Forex trading results. In this book, skilled currencies trader and trainer Igor Toshchakov (L. A. Igrok) details his Igrok Discrete-Systematic Method, the straightforward and accurate system that allows you to enter and exit the market according to clear-cut mechanical rules instead of vague hunches and emotional guesswork.\u003c\/p\u003e \u003cp\u003eWith the Igrok Method, you use measurable statistical signals to estimate the probability that a market will move in a given direction at a given moment. Beat the Odds in Forex Trading walks you step-by-step through this proven powerful method so you can:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eSet aside fundamental considerations that underpin Forex fluctuations to focus on strategies to profit from those fluctuations\u003c\/li\u003e \u003cli\u003eEliminate the necessity of making market predictions by replacing them with a strict systematic approach in an otherwise discrete trading environment\u003c\/li\u003e \u003cli\u003eIdentify statistically significant trends and chart those trends to estimate directional probability of the next market movement\u003c\/li\u003e \u003cli\u003eDetect signs of a false trend line break that, in reality, could be confirmation of an ongoing trend continuation\u003c\/li\u003e \u003cli\u003eChoose currency pairs based primarily on their liquidity, activity, and average amplitude of fluctuations\u003c\/li\u003e \u003cli\u003eSelect money management principles based on situations, trade systems, and current market conditions\u003c\/li\u003e \u003cli\u003eUnderstand, and profit from, the observed behavior of banks and other financial institutions that drive Forex price movements\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with in-depth insight and expert advice, Beat the Odds in Forex Trading details odds-enhancing trading strategies for entering and exiting the market using the Igrok Method; reviews strategies for recognizing and counteracting central bank interventions that can either destroy or greatly enhance a currency trading account; and provides templates for short-term and intraday trading.\u003c\/p\u003e \u003cp\u003eOverthinking can harm even the most experienced trader. Beat the Odds in Forex Trading shows you instead how to read the currency markets and react—in ways shown over time to increase your odds of success. It replaces excessive formulas and theoretical calculations with proven methods and techniques, resulting in a trading guide that will greatly strengthen your trading approach, from both a philosophical and tactical point of view.\u003c\/p\u003e  Praise for Beat The Odds In Forex Trading\u003cbr\u003e \u003cbr\u003e   \u003cp\u003e\"Beat the Odds in Forex Trading provides traders with tremendous value by disseminating the trading methods and philosophy of one of the most remarkable Forex success stories since Soros.\"\u003cbr\u003e —Alexander De Khtyar, President, Forex International Investments, Inc.\u003c\/p\u003e \u003cp\u003e\"Beating the odds in the Forex market is no easy task, but this book is certainly going to shift those odds in your favor. Mr. Toshchakov's outstanding performance in the Forex market is a testament to this.\"\u003cbr\u003e —Val Sigaev, Director of Peregrine Financial Group, Eastern Europe Division\u003c\/p\u003e \u003cp\u003e\"This book is an extremely revolutionary way to look at the market, and the author does not just provide you with real hands-on theories on how to make real, serious money, but actually lives and breathes them. Out of all of the books on the subject of Forex, I found this one to be a real gem. The author provides an absolutely brilliant approach on how to trade and be successful in the biggest market in the world.\"\u003cbr\u003e —Gene Spektor, CEO, American Heritage Capital Group\u003c\/p\u003e \u003cp\u003e\"Toshchakov's approach and strategy to trading Forex is reminiscent of the gambits utilized by great Russian chess masters. This is a primer for the novice or a useful guide to the professional trader.\"\u003cbr\u003e —Joseph A. Boystak, President \u0026amp; CEO, Chopin Capital Partners, LLC\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988795801829,"sku":"NP9780471933311","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471933311.jpg?v=1761781621","url":"https:\/\/k12savings.com\/products\/beat-the-odds-in-forex-trading-isbn-9780471933311","provider":"K12savings","version":"1.0","type":"link"}