The Forex Edge: Uncover the Secret Scams and Tricks to Profit in the World's Largest Financial Market by Dicks, James;

Short description:

There are a lot of opportunities to make money in the forex market?some are aboveboard and some are not. The Forex Edge exposes the inside tricks, devices, and fraudulent schemes brokers use to gain unfair advantages over traders and systematically bilk them out of their investments. Many traders have no idea it?s happening to them.

The Forex Edge features one-of-a-kind methods to help you combat the multitude of deceitful brokers you may encounter during your trading career. It shows you everything you need to know to trade safely and successfully in the forex?from recognizing sophisticated broker scams to best practices for using the tools and techniques that beat the markets and the brokers. Whether you?re an experienced investor or about to sign up for your first demo account, the valuable information inside will make you a more perceptive trader by providing:

• Proven counterstrategies to brokers? profi t-robbing systems
• Practical advice for picking the right broker
• Real-world stories about being blacklisted and tips for avoiding it
• Money-saving secrets for using expert advisors on live accounts
• Insightful commentary on how the latest regulatory legislation impacts you

Most important, you?ll see that the forex can still give up huge profits to traders who have the right mindset, use the right tools and training, and practice disciplined money management. Just ask someone with The Forex Edge.

Long description:

Generate greater profits while protecting your investments in the world?s largest market

Much has changed since leading forex expert and educator James Dicks introduced retail investors to trading in the foreign exchange currency market. The market?s daily turnover has grown considerably, and more and more traders are achieving financial success by trading currencies?many thanks to Dicks?s advice. Now, in The Forex Edge, he warns you about the less-than-honest practices and elaborate schemes many brokers use to prevent prosperous traders from retaining their wealth.

This cautionary book is the result of Dicks?s personal investigation into an assembly of forex brokers after a suspicious reversal of fortune forced him to close his trading account. It shows you how dishonest brokers pass themselves off as legitimate, the types of scams they run, and the ways you can use this information to your advantage. It outlines a straight-through process for taking more control over your trades to minimize your exposure to the risk of deceptive practices. With The Forex Edge at your fingertips, you?ll be armed with:

• Practical guidance for using popular automated trading systems
• Effective approaches to back-testing with recommended software platforms
• Expert tips for spotting false and misleading information in online forums
• Proven strategies for profiting from options, hedging, swing trading, and trends

From how the forex works and how brokers make money to the most common ways traders lose money?this accessible guide gives you everything you need to ensure your trading strategy draws maximum profits from the biggest financial market in the world. It features the same practical formulas and strategies Dicks uses to beat even the trickiest brokers.

In today?s forex market, you need more than a good trading strategy to survive. You need The Forex Edge.

Generate greater profits while protecting your investments in the world?s largest market

Much has changed since leading forex expert and educator James Dicks introduced retail investors to trading in the foreign exchange currency market. The market?s daily turnover has grown considerably, and more and more traders are achieving financial success by trading currencies?many thanks to Dicks?s advice. Now, in The Forex Edge, he warns you about the less-than-honest practices and elaborate schemes many brokers use to prevent prosperous traders from retaining their wealth.

This cautionary book is the result of Dicks?s personal investigation into an assembly of forex brokers after a suspicious reversal of fortune forced him to close his trading account. It shows you how dishonest brokers pass themselves off as legitimate, the types of scams they run, and the ways you can use this information to your advantage. It outlines a straight-through process for taking more control over your trades to minimize your exposure to the risk of deceptive practices. With The Forex Edge at your fingertips, you?ll be armed with:

• Practical guidance for using popular automated trading systems
• Effective approaches to back-testing with recommended software platforms
• Expert tips for spotting false and misleading information in online forums
• Proven strategies for profiting from options, hedging, swing trading, and trends

From how the forex works and how brokers make money to the most common ways traders lose money?this accessible guide gives you everything you need to ensure your trading strategy draws maximum profits from the biggest financial market in the world. It features the same practical formulas and strategies Dicks uses to beat even the trickiest brokers.

In today?s forex market, you need more than a good trading strategy to survive. You need The Forex Edge.

Table of Contents:

INTRODUCTION
PART 1 THE FOREX MARKET AND ALTERNATIVES
CHAPTER 1 THE FOREX MARKET AND FRAUD
CHAPTER 2 YOU VERSUS THEM
CHAPTER 3 FOREX OPTIONS
CHAPTER 4 CONTRACTS FOR DIFFERENCE 101
CHAPTER 5 SPREAD BETTING
CHAPTER 6 FORWARDS AND SWAPS
CHAPTER 7 TRADING AS A BUSINESS
PART 2 REGULATION IN THE FOREX
CHAPTER 8 COMMODITY FUTURES MODERNIZATION ACT
CHAPTER 9 THE FARM BILL
CHAPTER 10 DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT
CHAPTER 11 REGULATORY ACTION IN THE FOREX
PART 3 FOREX BROKER SCHEMES
CHAPTER 12 BACK-OFFICE SOFTWARE SCAMS
CHAPTER 13 SLOW SERVERS AND ERRORS
CHAPTER 14 SLIPPAGE AND STOP HUNTING
CHAPTER 15 FOREX BROKER MARGIN SCAMS
CHAPTER 16 THE DEMO BAIT AND SWITCH
CHAPTER 17 THE BROKER B-BOOK
CHAPTER 18 DEALING DESK OR NOT
PART 4 HOW TO TRADE AND WHERE TO TRADE
CHAPTER 19 TRADING STRATEGIES TO BEAT THE BROKER
CHAPTER 20 WHICH BROKERS TO TRADE WITH AND WHY
PART 5 FOREX TRADING STRATEGIES
CHAPTER 21 THE SIMPLE S/R PRICE ACTION STRATEGY
CHAPTER 22 THE CONTRARIAN BB STRATEGY
CHAPTER 23 HEDGING STRATEGIES
CHAPTER 24 FOREX OPTIONS STRATEGIES
PART 6 FOREX AUTOMATED TRADING
CHAPTER 25 FOREX AUTOMATION
CHAPTER 26 FOREX ROBOT REVIEWS
CHAPTER 27 BACK-TESTING
CHAPTER 28 EA DEMO VERSUS LIVE
CONCLUSION
GLOSSARY
BIBLIOGRAPHY
INDEX
ABOUT THE AUTHOR