Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. To get the free app, enter your mobile phone number. 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.
In The 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.
Sponsored Products are advertisements for products sold by merchants on Amazon. When you click on a Sponsored Product ad, you will be taken to an Amazon detail page where you can learn more about the product and purchase it. To learn more about Amazon Sponsored Products, click here.
As an independent trader, you assume the role of risk manager, forecaster, economist, and computer technician, as you attempt to place profitable buy and sell orders. While these activities may be demanding, would you want it any other way? After all, nobody cares more about your money than you do. After solidifying their sought-after approach in the commodity futures industry, they applied it to the growing forex market in While there are many markets to choose from when trading, foreign exchange, or forex, seems to fit every risk tolerance and is a great place to start and grow.
Along the way, you'll discover how it combines both technical and fundamental concepts to help you confidently buy or sell as well as time your trades with precision and accuracy. Written by independent traders, for independent traders, this reliable resource takes you step by step through this proven process with coverage that includes:. The five core RDS Rules: No strategy has any merit unless you continuously review it, so at the end of the book, the authors offer performance evaluations and peak performance tips to help create the longevity and consistency you seek in the markets today and tomorrow.
Now, with The RDS Forex System, they will put you in a better position to successfully navigate the competitive forex market while arming you with the tools and strategies to make it in other markets as well.
Modern markets move at lightning speed, so combining a clear plan with a discretionary trading approach can make all the difference between winning and losing. Nobody knows this better than authors Michael and Stephanie RadkayŚwho left successful professional careers as traders to become independent traders and educators. As founders of the trading education company RDS Trader LLC, the Radkays have helped traders compete in some of the most dynamic markets in the world for almost twenty years.
Now, with The RDS Forex System, they share their extensive experience with you and outline their effective approach to successfully navigating the volatile currency markets. After an informative introduction to today's forex market and how it compares to other markets, this reliable resource shows you how to gain an edge in one of the most competitive markets in the world by using the Rotating Directional System RDS.
This five ruleŚbased discretionary trading methodology establishes risk management first, and offers you a trend-side philosophy that predicts time and price objectives using counter-trend reversals as a guide for entries, exits, and overall worth of the trade. Along the way, you'll also discover how it combines both technical and fundamental concepts to help you confidently buy or sell as well as accurately time your trades.
With The RDS Forex System as your guide, you'll quickly become an independent thinker and decision maker that can trade with precision and without hesitation. You'll skillfully progress with each trade and learn how to make the most of your time in today's dynamic forex market. Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support?
Learn more about Amazon Prime. Interesting Finds Updated Daily. Kindle Cloud Reader Read instantly in your browser. See All Buying Options. Unable to add item to List. Sorry, there was a problem. There was an error retrieving your Wish Lists. Have one to sell? Flip to back Flip to front. See search results for this author. Are you an author? Learn about Author Central.
See all 4 formats and editions Hide other formats and editions Price. 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.
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.
Read more Read less. See all buying options. Available from these sellers. Sponsored products related to this item What's this? Page 1 of 1 Start over Page 1 of 1. How to Day Trade for a Living: If day trading interests you, this comprehensive but easy to read book will guide you from the basics to proven advanced strategies. Their strategies are no longer a secret. This book will shock you! Discover secret strategies traders use.
This book will shock you. The answer is cryptocurrency investing. Discover how it works and master it with this book. Learn to make money trading stocks, even if you have never traded before. Day Trading Made Easy: Ready to learn a simple day trading strategy that actually works? Insane Productivity for Lazy People: Insane Productivity for Lazy People is a comprehensive, step-by-step system for making productivity your superpower.
Magic of Impromptu Speaking: Magic of Impromptu Speaking is a comprehensive, step-by-step system for creating highly effective speeches in under 30 seconds.
Don't get left behind. Start learning and investing on Bitcoin. From the Inside Flap As an independent trader, you assume the role of risk manager, forecaster, economist, and computer technician, as you attempt to place profitable buy and sell orders.
Written by independent traders, for independent traders, this reliable resource takes you step by step through this proven process with coverage that includes: Wiley; 1 edition March 20, Language: Share your thoughts with other customers. Write a customer review. There was a problem filtering reviews right now. Please try again later. By M on June 25, I don't have a different service that I'm working for like the other reviewer, but I have found that the material in this book is straight forward and easy to understand.
The calculations that their levels are based off of are very easy to calculate and give that extra level of confidence to enter your trades, either long or short. These calculations are equally useful in futures markets.
For the price of the book, you should easily be kept out of a bad trade, or as mentioned, be given the confidence to enter a trade that will pay for the book and then some. Prices can go up or go down. This book will help you identify which side to favor and where.
After that, it's always up to you. Was this review helpful to you? Floyd, II on November 10, I purchased this book, expecting a great experience. I read the book several times over several months, but still come away disappointed. PROS The book has a ton of info that makes sense. Cons The pictures in the Kindle edition are too small. Info is poorly laid out. I was looking for an organized layout, a step by step guide explaining the concept, with a final thrust putting all of the parts together, with some concrete here is what you do, and here is what it looks like.
That did not happen. As with others that completely know and understand their product, it is often hard to communicate concepts to those that do not know the concepts and miss "the little things" that tie the concepts together. Sadly, this is the case for this system. What could be a great book fails to deliver. Better editing, larger pictures, more step by step explanations and a trade by trade summary would greatly help to turn this tome into a treasure.More...