50 Pips A Day Forex Strategy

by Laurentiu Damir

50 Pips A Day Forex Strategy

This is a very clear and simple to follow forex trading strategy to get you started achieving consistent profits day after day trading the forex market. It will make you 50 pips per day or more every day. It is ideal for beginner traders but it will give a great deal of help to more experienced traders that have not found a clear strategy to make profits consistenly.

Components
Support and Resistance
Candlesticks
Moving Average

Time frame - 4 hours chart

It is easy to understand and to put in practice.
It has very well defined entry, stop loss and exit levels.

Apart from the strategy, this book also contains a very useful guide that teaches you how to construct a profitable forex trading system for yourself and how to avoid trading and money management mistakes.

How to Build a Solid Trading System

Are you new to forex trading or just started to trade on a live account but with not much success ?
You need a solid forex trading system based on sound principles of the forex market, that has clear trading and money management rules.

Do you have a forex trading system and you have been trading with it for a period of time but still you don't have the success you hoped for ?
This can only mean that your trading system does not take into account the basic trading rules and principles that any powerful forex trading system incorporates.

This book teaches you how to construct your own powerful forex trading system, what are the most important forex trading tools that you must include in it, what not to include in your forex trading system, how to apply solid money management rules and equaly important, how to avoid making trading mistakes that will cost you when you start to trade with your newly developed forex system.

Genres: Business, Nonfiction, Finance

48 pages, Kindle Edition

First published July 21, 2012

Reviews

[Prachait Saxena · Rating 2 out of 5]

Provide basic information

This book is ment for bigneers, and I recommend it for starters of forex traders to read once.. For traders who have 2+ years of , its good to have a look and for professional having 5+ years, it's just waste of time, As I personally believe professional already implemented everything mentioned in the book in trading skills. Thanks. Prachait

[Jacob Senholt · Rating 3 out of 5]

Contains a few basic pointers as to how to set up a Forex trading strategy. I will probably need to test it a bit, but I doubt it can net you 50 pips a day without any further details.

[Piotr Karaś · Rating 3 out of 5]

The author presents a valid and sensible trading strategy. It certainly has got its merits and I appreciate it. However, what I don't like about this book is that the author is also trying to pitch his other books on this topic. Well, if the readers find the author's book valuable, they will search his other books by themselves without having to be prodded in that direction. It's actually a vexing practice that many other non-fiction authors are also guilty of (with Van K. Tharp being one of the most prominent of them) - a feature that is actually non-existent with novel, fiction writers (How do they manage to sell their other books without promoting them within the content of their other books?).

[Laurentiu Damir · Rating 5 out of 5]

Link to the book in PDF format

[Lucian Vizireanu · Rating 5 out of 5]

Interesting

Accurate tools for making profit from Forex trading and how to use money management. Nice examples accompanied the detailed explanation. Thanks

[M · Rating 2 out of 5]

The book took less than an hour to read through...twice, not because I'm a fast reader, but because the font size was so large. The 66 pages under normal font size would reduce the book to 20-25 pages if that. For those reading my review I know this comment is petty, but lets face it, no one is going to buy a book that small....unless it's a kids book. From the contents page the book covers a lot of core important topics, but the essence of the book is very skimpy. For example Support & Resistance is summed up in exactly 50 words with no diagram(s) to support visually (to put this in perspective, my word count so far is 122 words). There's brief and then there's brief. The author clearly has a lot of knowledge and the strategies are clearly presented (best feature of the book), but my only advice to the author is to follow up with a second more detailed book that builds on the foundations of this one. If, like me you're an experienced trader, it's best to just skip to the strategy section and go from there.

[Yuan Yang · Rating 5 out of 5]

good and actionable

This is a very good book on forex trading and actually a lot of advices and principles can be applied to trading. The system and setups are clear with specific examples. The author has done a very good job to describe clearly how to use price actions to determine a trade setup, such as trend, S&R, confirmation, entry, stop loss, profit target and position sizing. One can have a complete trading system by following these complete rules.

[Nat Set]

Not so detailed but giving some ideas of how things works.
She suggested us to read her other books all the time (For more detail).

[Joe Hardy · Rating 3 out of 5]

Lost of spelling and grammar errors, and often confusing. This was a good little book if you like being told what to do instead of the reason that it works.

[Rinkan Rohit Jena · Rating 3 out of 5]

Here the author have given some strong ideas to determine the trend of currency pair , and also used ma200 as a tool to determine the stoploss and take profit . Also have pointed out the mistakes I used to do . I used to take profit even if I am getting only 15-25 pips as the risk taken by me are always not in my favor , so it's a good read if you can understand all the concepts , you need some background information in order to work with it , I read it with my Kindle and I need to read it with my phone or something else to see all the graphics content , it's a read about of one hours or so . So read it 2-3 times to grep all information out .
A good read I haven't applied these things, if you are interested in looking at a same algorithm in mql5/mql4 contact me on
rinkanrohitjena@live.com

Thanks and regards
Rinkan

[Huy ND · Rating 5 out of 5]

As a novice trader, I find this book very useful. It didn't go into much details about technical tools or indicators, but rather gave an overview of necessary elements that traders at all level need to prepare before entering a trade. From there I have an idea of which aspect I need to learn more in detail first.

Hence, I would not recommend this book to advanced traders unless one needs to revise basic principles.

[ROBERT J · Rating 4 out of 5]

for all of you forex traders, THIS IS PERHAPS IF NOT ONE OF THE BEST TRADING BOOKS I HAVE READ IN QUITE AWHILE. THE FORMAT IS QUITE EASY TO UNDERSTAND AND IS NOT CLUTTERED UP WITH A BUNCH OF CRAP!!1.I CANNOT WAIT TO READ HIS NEXT BOOK.THANK YOU LAREN....WE NEED MORE WRITERS LIKE YOURSELF WHO WANT TO HELP FELLOW TRADERS BECOME SUCCESSFUL WITHOUT BREAKING THE BANJ!!!!1..........THANKS AGAIN..JEFF

[Mario · Rating 5 out of 5]

The best and concise book about forex trading .Excellent!!!

BECAUSE it's the best I have read.I really enjoyed the explanations.Clarity.A. very substantial expose.Well written.
I'll buy more books from this author.
b

[Wil Woodard · Rating 5 out of 5]

Well worth the read

The information is this book is explained in a plain but in-dept way by the author. He is a master teacher of this subject. I will be purchasing other books written by this author

[shalini krishna murthi · Rating 5 out of 5]

Simply written for the novice,

insights into building your own stretegy written in a clear and easy to read manner. Has motivated me to want to learn more about author's other books on price trends.

[gustavo costa · Rating 5 out of 5]

Interesting reading for beginners

I found this book very interesting for those who are starting their journey in the forex market, looking for a solid strategy that can help on improving self-discipline. Concise, clear, straight-forwarding writing.

[Deon Baptiste · Rating 5 out of 5]

Great literature

This book demonstrated the practicality of the strategy an proved very insightful. I will be following through to apply these strategies to my trading system.

Best Regards.

[Henk · Rating 5 out of 5]

Sweet

Short and sweet. Not a word wasted. You don't want to read a 500 page book about this. Loved it and will read the rest.

[Navneet · Rating 3 out of 5]

Ok

Good as 19 more words required to complete the review and still not over and I am still counting ok

[Gin · Rating 4 out of 5]

A good book with a trading starthegy.

[TimeNatthanun · Rating 4 out of 5]

Great Book

Easy to understand. I recommend for the beginner to read this book and you will be the right trader. Valuable for reading.

[Andy Jackson · Rating 5 out of 5]

Good read

Did a good job breaking down strategy an how to be discipline while trading in the fires market to be successful

[Togoldor · Rating 3 out of 5]

Teaches typical strategy in short time.

[Rhonique Lewis-Chambers · Rating 4 out of 5]

Simple and methodical

This seems like a well thought out strategy laid out in a simple, easy to understand manner. I can’t wait to put these strategies to the test.

[Anthony Ramirez · Rating 4 out of 5]

Bien interesante

Me gustó mucho porque logré entender conceptos básicos del trading y me parece un manual práctico para un principiante como yo.

[Thaer · Rating 3 out of 5]

it was OK. Forex trading is more complicated than I thought

[Brian Zondi · Rating 5 out of 5]

Great book

Through this book I have learnt lot. It has helped me develop a strategy. It is an interesting read. I enjoyed it.

[Angel Begley · Rating 1 out of 5]

Waste time only.

[Srinivas Venugopal · Rating 5 out of 5]

Good to try

More solid strategy explained for trading Forex. Swing traders will benefit more as it uses 200 EMA. Best for price action followers.

[Rahmat]

Mantap