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The RDS Forex System

The RDS Forex System A Breakthrough Method To Profiting from Market Turning Points

Name: The RDS Forex System
Brand: John Wiley & Sons
SKU: 9781118096680
Price: 750.00 HKD
Availability: OutOfStock
Author: Michael Radkay; Stephanie Radkay
ISBN: 9781118096680

Edited by Michael Radkay · Stephanie Radkay

John Wiley & Sons March 2012

Specifications

ISBN-13: 9781118096680
Publisher: John Wiley & Sons
Publication: March 2012
Format: Hardback , 223 pages
Jurisdiction: International ? Countri(es) for reference only

Details

Inside a unique system that allows you to identify and trade key turning points in the forex market

The financial markets are in a constant state of affirming, breaking, and developing new support and resistance areas. Traders use a variety of methods to project support and resistance points based on past price action. However, the question of whether those areas will hold or break in real time is a much more difficult calculation. InThe RDS Forex System, former pit trader Michael Radkay provides forex traders with a unique system for identifying support and resistance zones in the foreign currency market and developing profitable trading strategies around those zones.

The system uses market volatility, momentum, and chart patterns to calculate support and resistance zones. As prices reach a specific zone objective, trading strategies are put in place to profit from the next movement. The book will show how this system gives traders a continuous sense of the market's directional bias, identifies potential turning points, and recommends levels to take profits off the table.

Highlights the Rotating Directional System (RDS), a computer-based, longer-term application of the methodology used by many successful pit traders
Discusses how to use a variety of indicators to identify support and resistance areas
Reveals strategies employed to profit from market swings

The RDS Forex System is an ideal guide for retail traders actively involved in the forex market.

Preface ix

Acknowledgments xiii

CHAPTER 1 Introduction to Today’s Forex Market 1

CHAPTER 2 Comparing Forex to Other Markets 13

CHAPTER 3 Finding the New Edge 19

CHAPTER 4 The Long and Short of Fundamental Analysis 35

CHAPTER 5 Price Never Lies 47

CHAPTER 6 Play at Peak Times 61

CHAPTER 7 Preparing for Known Events 75

CHAPTER 8 Risk Tolerance and Developing a Feel for Price Movement 87

CHAPTER 9 Why Technical Analysis Works 109

CHAPTER 10 Defining the Rotating Directional System 123

CHAPTER 11 Putting It All Together 159

CHAPTER 12 Evaluating Your Performance 197

Resources 215

About the Authors 217

Index 219

About the Author

MICHAEL RADKAY is founder and President of the trading education company, RDS Trader LLC. He has been a frequent contributor for the CME Group, Trader Kingdom, Forex Connect, FX Instructor, and Traders Coach. In early 2010, Mike and his wife, Stephanie, built the DTI-FX division. Radkay offers his experience and skills as a futures/forex trader, broker, mentor, and CBOT/CME Group (acronym "RDS") and NFA (#0250761) member to his clients. The proprietary method taught to his students is known as the Rotating Directional System (RDS). This method has helped him achieve success specifically as a trader and generally in all aspects of investing. Visit his website at rdstrader.com.

STEPHANIE RADKAY joined the trading pits of the Chicago Mercantile Exchange in 1990 as a clerk for a major international options and futures firm. In 1993, she began her broker career as the only woman in the Major Market Index Futures pit and one of a handful of women in the S&P 500 for three years. In 2000, she decided to take a break from trading and, in 2008, returned to her love for the trade and to help build RDS Trader, the screen trading education company her husband, Mike was building. Stephanie is known as "TIGR" to her fellow traders and brokers at the Chicago Mercantile Exchange, and brings her experience and knowledge of trading, teaching, and managing stress to all of her clients.

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