BOOK REVIEW FX 7 Simple Strategies of Highly Effective Traders
Winning technical analysis strategies you can put into practice right now
Following on from the success guide to the winning of “How to Win at
Spread Betting”, authors Alpesh Patel and Paresh Kiri return with a new book “7 Simple Strategies of Highly Effective
Traders”, which provides a simple and practical strategies
of
Trading is best kept simple and focused - that is the way to win. Te most successful traders will tell you that they use only a small number of strategies, applying them time aſter time. A common mistake of losing traders, however, is to overly complicate what they do, using many different
strategies at one time, or
leading a never-ending search for new strategies.
About the authors
Alpesh Patel is co-founder of asset manager, Praefinium Partners and
www.alpeshpatel.com and has had over 200 columns on trading published by the Financial Times in his The Diary of an Internet Trader column. Alpesh is a former Visiting Fellow in Business at Corpus Christi College, Oxford University and a qualified barrister. He won the competition in the Financial Times to predict the value of the FTSE 100 over a 12 month period, coming within 0.5% of the final value. For Bloomberg TV he presented trading shows for three years. Alpesh has lectured on trading in Beijing, Hong Kong, Singapore, Guatemala, Spain, Dubai and San Francisco, and his trading books have been translated into German, French, Russian, Thai, Korean and Polish. Alpeshs trading blog is available at
www.alpeshpatel.com/blog. Past clients of Alpeshs company for customer acquisi- tion include Barclays, Goldman Sachs, American Express, Merrill Lynch, HSBC and all the major spread betting companies.
Paresh Kiri has vast experience as a floor trader on the worlds second largest derivatives exchange, LIFFE, and as a portfolio manager for 18 years. He is an FSA regulated Investment Manager. Starting his career on the LIFFE floor in 1993, Paresh was one of the first traders to embrace screen trading, through the LIFFE online trading platform APT - Automated Pit Trading. Making progress under the guidance of the legendary LIFFE trader David Kyte, he was one of the most consistent traders on the largest product on the floor - the Japanese Government Bond. After successfully completing the Investment Management Certificate in 1996 he was one of the founders of Kyte Securities. From trad- ing financial futures and option products, Paresh had his first taste of trading shares. During the next three years he was instrumental in discovering bespoke strategies for trading equities globally. Paresh is now seeking ways of bring- ing the strategies he developed to the wider public audience by structuring managed accounts services, using online trading platforms. Paresh regularly coaches and holds private seminars on trading the markets.
FX TRADER MAGAZINE April - June 2016 81 In successful “7 Simple Strategies traders. of Highly
Effective Traders”, Alpesh and Paresh provide a practical guide to seven technical analysis trading approaches that are simple, effective and easy to put into practice. Tese are the kind of strategies professional traders use to manage their trading. Troughout, readers will benefit from the trading insight and expert chart commentary of two vastly experienced traders.
by Alpesh B. Patel & Paresh H. Kiri
Included are strategies for breakout with volume,
event
trading, mean reversion, moving averages, short-term day trading, and more. The strategies can be used on a wide range of instruments, from equities
to
forex, bonds and commodities. Most of the approaches can also be used equally on UK, US or international markets.
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