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TRADING FOREX WITH DIVERGENCE ON MT4 BY JIM Most helpful customer reviews1 of 1 people found the following review helpful. Buy the other book "High Probability Forex Trading" then buy this book...you'll have another trick up your sleeve!!! By Eliel John J Malabar Another great book by Jim. Again, if you are new to forex and would want to learn the basics, this is not the book for you. Search the web and you'll find the basics for free, or you could buy Jim's other book "Forex Trading - Basics Explained"...though I haven't read that one yet. This is a strategy book and won't run you through the basics of what forex is and or run you through the basic vocabularies for trading. Before you buy this book, I suggest you buy the other strategy book first - MT4 High Probability Forex Trading Method. It would be easier to understand this if you've read the other one. If you've read that one and are looking for more opportunities to trade, then this book might be for you. Yes, trend is your friend, but trending markets are not forever. They even say that trending markets are just about 20% of the time. So what do we do with the other 80% of the time. Find good setups for ranging markets, reversals, continuation setups, etc. Now this does not talk particularly about ranging, reversals or continuation strategies, though this could also be done on those mentioned I think. This is an additional tool on your arsenal that would give you setups when you will be finding none using trending strategies alone. Plus, Jim gives you his own custom indicators, which gives you signal to buy or sell, which you can consider, but of course it is your own judgement call as trading against the trend or trading reversals is not as high probability as trending strategies. The most important value of this book is being invited to his group wherein he posts his setups and educate us as to why he is doing it. Also, other guys there post what they see using this strategy and you too can post there and ask for feedback as to what the other guys see. If you are new to forex, you need a mentor and some trading buddies, this is where you can get it. Though he would definitely tell you he is not a guru. Just joined this group last week and am so pleased doing it. For the price, this is the best you can get.1 of 1 people found the following review helpful. Excellent book for trading strategies and money management By Amazon Customer This book is more concentrated on Jim's latest trading strategy than in Forex itself, I would strongly recomend to at least have bought one of the 2 previous books from Jim to fully understand and get the most of this one. Again, Jim does a really nice work on this book since you can sense his experience speaking for him all the way through it. As an author, I havent seen once who provides such personal trading support and trading instruments, as Jim does. If you are new to trading (the kind of "new" who already has a trading account but isnt consistently making money) then this book will clear the specific trading doubts that you
have. As an example, it really helped me in regards to stop loss order placement. Divergence, although a little bit complicated to apply to your trading at first, is explained well, as Jim does a nice work on teaching you his method. In regards to the trading system he provides, I havent really tested it but having experienced the previous one he provided and seeing the new one on the book's charts I will test it, and I truly hope it can improve my trading (since the last one really surprised me on it's performance and my profits). It is important for you know that a trading system is NOT all you need to make money. It is indeed a powerful tool to boost your trading success but ISNT everything and you cant rely 100% on it to make money, you have to have good money management, discipline, self-control and more knowledge about forex in general.1 of 1 people found the following review helpful. Jim Brown's book on trading divergence is a real gem... By Amazon Customer Jim Brown's book on trading divergence is a real gem: clear explanations of the strategy supported by plenty of chart examples. His personal support and guidance is an added bonus. He is a welcome addition in the forex community.see all 16 customer reviews...
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