50 Pips A Day Forex Strategy Kindle Edition

Wow, do not discount this book because it is free!I'm a successful futures/commodities trader, trying to get better at Forex. This book is brilliant. Trust me.This book targets beginners to intermediate traders. You should be somewhat familiar with charts and candlesticks but don't need to know any of the standard "Japanese Candlestick Strategies". Just know how to read the chart. I imagine most people trading Forex will be advanced enough to read this book without any problem.This book gives a super boring strategy! This is good. If you want action and excitement, trading is not for you. The advice in the first half of the book before the actual "50 pips a day strategy" is worth hundreds of dollars and applies to any strategy you employ. Based on the writing, I think the author would agree that your strategy is irrelevant. Almost anything can work. Sound risk management is key. Patience is key. Waiting for your ideal setup is key. Don't just jump in because you are bored or impatient. The author really stresses this and it is what makes this book SO good.It's short and easy to read. I'd recommend reading it straight through, and then trying to find some setups that match. Trade the strategy a bit. It stressed 4H charts. That means each bar represents 4 hours! These trades are LONG. You have to wait a long time! It may not be clear at first. After trying it out a bit, risking little, re-read at least the first section and ask yourself very deliberately and honestly whether you are following the advice on entries and risk management. That may be your problem if you aren't. It could take weeks before a good entry materializes and weeks longer before your exit points. Oh well. That's how it works. This is a good thing. I know a lot of people won't see it that way. Quick money is the way to lose money.Overall, yes, it's fairly simple. Yes, it's a slow strategy. It is very good though. I recommend it for those even uninterested in the strategy just to get the excellent advice in the first half.

Very specific information and instruction. Chart illustrations were easy to read,easy to see. In fact I have already used this strategy and it worked. Big ups to Laurentiis Damir. A lot of books on forex are broad and just give general knowledge but I find Mr Damir's books actually teach you. I know nothing about forex trading, I'm new, I have read Mr Damir's book 50 Pips A Day, did as he instructed and I made my first 50 pips. A good investment.

I have been trading futures for about 2 years and consider myself just below intermediate in my skill level, meaning I am making money but still have a lot to learn to obtain larger profits. I just began trading FX and bought this book, although the content could be applied to futures, options or stocks. I liked this book because it covers the basics of learning to read charts and to trade based on current price action and not lagging indicators. This book is simpler than other chart books I have seen. In this regard I believe this simpler method will help me plan better entries, stops and exits. This strategy consists of money management (well planned entries, stops and exits) and interpreting the immediate price move, rather than depending on many lagging indicators. Personally, it will help me determine when price has finished retracing -- a problem I have had -- because it taught me to identify *which* candles to pay attention to and *what characteristics* they should have. The book is short, the writing is concise, and I liked that it was not unnecessarily long. I finished the book in a few short sittings.

I’ve been trading FX for 8 years now and have read many books on the subject, mostly on technical aspects of trading. Laurent’s books are hands down the best, most concise, clearly laid out, regardless of what level trader you may be. His methods are an excellent way to sharpen your skill set, and further dial any existing strategies. If you are just starting out, I would say, listen closely and pay keen attention to what Laurent is saying. He’s right on it and this will absolutely enhance your trading capabilities far more quickly than figuring it out on your own or listening to all the chatter online.

I only read this book because the title looked interesting and I was a bit doubtful that a book that was free (on the Amazon Prime Kindle member page) could show me "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." That is a huge claim, and I always figure that even it does not live up to the claim, maybe I can learn something to make my time reading it worthwhile.I was a bit disappointed, but not surprised when I did not find "a very clear and simple to follow forex trading strategy" laid out in the book. Rather I found this to be a decent primer to someone that is very new to Forex trading and just wanted to learn a few things in a book instead of using "the Google."There was a bit of confusion for me as the Author said all technical indicators are useless and should not be used, but then a bit later said you need to use a 200 day moving average. Isn't a 200 day moving average a technical indicator? He also talks about other technical indicators and explains why they can be used, which makes me think those chapters were just fill to make the book a bit thicker.Overall this is an okay book for a beginner. Since it was free I do not feel I have much invested. I think it was free because the Author does advertise his other, non-free books quite a bit in this book.

I am a human reviewing this book on Amazons kindle app. Though this ain’t to be taken as gospel this helped add context and reason to my technical analysis understanding.

Very good book for new trader who have no knowledge about trading...I loved it...thanks you master...you made my trading beautiful

Eng:It's good content, practical, no mystical bull****, no repetitions. That's 60 pages I beleive, but I'm ok with it cause payed 1€.It contains mentions to his other books, but again I'm ok with it, because the author seems to write good content. Now I've just started reading his "Price action breakdown", and it seems good, I'm appreciating his explanation of lateral market phases, or fair value phases. I really appreciate his explanations; because in other authors' books I got annoyed with reading hundreds of pages of market conspiracy theories, repetions and lack of real juice.Ita:60 pagine di succo, come dicono gli anglofoni. L'autore va dritto al punto, consigli pratici, ed una strategia pratica. Ho comprato anche l'altro "Price action breakdown". L'ho appena inziato e le spiegazioni sulle fasi laterali di mercato sono ottime, a differenza di altri libri dove non ho fatto altro che leggere interpretazioni mistiche e cospirazioniste ripetute per centinaia di pagine come in quei libri motivazionali nauseanti che ripetono, ripetono, ripetono: ecco qui no, l'autore è chiaro, conciso, e spiega esattamente cosa fare e cosa sta accadendo e perché.Questo dei 50pip l'ho pagato 1€ e mi va bene. Quello del "Price action breakdown", l'ho pagato a prezzo pieno, mi pare sono 150 pagine o più, ma le premesse sono ottime; poi le poche pagine non devono scoraggiare l'acquisto: meglio concisi che ripetitivi.

A good introductory book for whom know tecnical analysis but never traded in the Forex. This was my second book from Laurentiu Damir. His strategies are basics and it really works!

El libro es muy legible a pesar de los tecnicismos, obviamente no es para principiantes pero el autor lo lleva de tal manera que si vas comenzando en trading puedas obtener conocimiento valioso, es simple explica la estrategia al punto y con gráficos legibles, en lo personal la estrategia que expone la considero muy buena y sin lugar a duda leeré mas de este autor.

De los mejores libros que he leído sobre Forex. No muy extenso, pero con información 100% muy útil. Muy recomendable.