BOOK REVIEW
Chr ist opher Weaver is a technical
who has spent extensive
trading and studying the
trends making
market. He believes in
exchange forex
trading accessible to anyone willing to commit the time
and effort needed to master this market and has personally mentored hundreds of new traders.
His new book “4 Keys to Profitable Forex Trend Trading” is an excellent resource for forex traders and investors. Christopher has a rare talent to explain in a simple and concise way, how to use four technical analysis instruments -trend lines, channels, Fibonacci retracements and symmetrical triangles - for profitable trading.
What makes this book a useful tool for improving trading performance is both the personal approach proposed by the author for the use of these four popular technical analysis tools and a clear explanation about how to implement the techniques in real trading. Entry and exit points are - for once - clearly defined, which makes the theory easy to put into practice for live trading.
But as any other “discretionary trading technique” there isn’t a clear way to know if these techniques give a real edge on the market, as backtesting is difficult, if not impossible.
For this reason we have interviewed Christopher Weaver to better understand his experience when using the four techniques in real trading.
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analyst time and
movements of the foreign
FX
4 KEYS TO PROFITABLE FOREX TREND TRADING
“An excellent
resource
for
forex
traders and investors. Christopher has a rare talent to explain in a simple and concise way, how to use four technical analysis instruments -trend
lines, retracements
channels, and
Fibonacci symmetrical
triangles - for profitable trading.” FX Trader Magazine
FXTM: Why did you decide to write this book? CW: Well, I had read a number of FX trading books and I felt like most of them never really presented me with tangible and practical strategies that I could implement straight away. If the book did have a strategy, it usually seemed very vague and non-committed. The 4 Keys to Profitable Forex Trend Trading is a different book . It has 8 unique trading strategies with step by step rules
FX TRADER MAGAZINE April - June 2012 49
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