The authors believe that the main postulate in trading in the financial market is the trader’s ability to hear the market and in no case go against it. Always trade according to the trend. The basis for successful Forex trading should be a proven trading strategy. For clarity, the book provides several different trading strategies. For successful trading, it is enough to have only one strategy and strictly adhere to its rules when trading.

The pages of the book also describe the principle of reducing risks and the task of increasing trading profitability. The authors are widely known, so their advice is worth listening to. Raschke believes that everyone has the right to make mistakes, regardless of their knowledge and trading experience, because the main goal of success is how the trader will act after failure and whether he will learn the previous lesson. The book will be useful to a wide range of readers interested in trading on all kinds of financial markets, including the Forex currency market. The material is presented in simple language and will be understandable even to novice traders.

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Format: PDF
Number of pages: 150
File size (MB): 2.4
Language: Russian

Short description:

Traders communicate with each other not necessarily to discuss bullish or bearish markets. Rather, they exchange views on the nature and intricacy of their business. When we start a conversation, it's always amazing to discover similarities in lessons learned, share experiences, and see how we all independently come to the same conclusions. Often when we talk to each other, we are actually looking for clues in our own heads, hoping to understand ourselves a little better.

Despite our constant desire for knowledge, the market itself ensures that this learning does not end. Ultimately, our highest teacher is experience; nothing can replace it. We can only choose the attitude with which we approach the process of learning about trading. We may accept inevitable failures and learn from them, or we may succumb to our natural human tenacity and be forced to repeat the same lessons over and over again.

This book was written by two people who enjoy this process. As it turns out, we're not the only ones who've made some mistakes, and we've also discovered the same secrets to success... which we hope to share with you.

The most important secret is to learn to listen to the markets and not impose your will on them. Every successful trader we know has learned the need for consistency. This is the key to everything - you must trade using a consistent methodology. You must follow a specific trading strategy. Although this book presents many strategies, each has the same essential starting point: first reduce risk; once the risk is identified and controlled - profit maximization.

Between us, we have 34 years of experience as stock traders, exchange members, institutional traders, hedge fund managers and futures trading consultants - all while trading for our own account. We did well because our first guiding principle is the mandatory and priority finding of schemes and methods of entering the market that minimize risk. The profit then comes on its own.

Finally, although we present many different models, to succeed, you only need ONE strategy. Some of the best traders succeed because they follow only one strategy. We hope that all the models in this guide will help you understand some of the market's features and will confirm your own thoughts about the market.

Books from the subsection "Books on technical analysis and fundamental analysis":

Risk Warning:
Beginners should be aware that Forex trading has high risks. Before you start trading on real accounts, you need to prepare theoretically and practically, make sure the effectiveness of your chosen trading strategy by trading on free demo accounts. Don't trade money you are not willing to lose.
The Forex Resource portal strives to provide all the necessary information that will be useful to traders for successful trading. However, Forex Resource is not responsible for the trading actions you take based on the information provided on the pages of the portal.

Famous female trader from America with 35 years of trading experience Linda Bradford Raschke published the book “Exchange Secrets. Highly Effective Short-Term Trading Strategies, written with Larry Connors. It describes the basic principles and strategies of trading in the markets, developed by her through her own trial and error.

“Experience is the best teacher; nothing can replace it,” says Linda Raschke.

After reading " Secrets of stock trading" by Linda Raschke, you can find out for yourself the following:

• How to manage money and trade swings.
• What is historical volatility and how to use it.
• The most useful indicators.
• Results of the author's statistical research.
• Trade marks.

The publication contains about 230 pages and 25 chapters, and there is also an appendix that describes in detail Linda Raschke’s research, which she has been doing for several years and managed to collect certain statistics.

In the book "Stock Secrets", Raschke talks about useful tricks and winning trading methods, citing 30 short-term strategies as examples. The authors provide a complete understanding of risk management and also touch on the psychological aspects of trading.

Linda Raschke and Lawrence Connors suggest using strategies based on the fluctuations of three different concepts - trial, recovery and climactic reversals. The authors teach the reader how to manage capital, highlight the main indicators of professionalism and talk about how to properly control transactions.

The authors of the guide for traders are confident that trading will be successful if you use a consistent methodology. A trader needs to find a specific trading strategy and focus on it, but regardless of the chosen method, the following principle should be adhered to: reducing risk and maximizing profit. This is what should serve as the starting point at the beginning of every transaction.

The authors themselves speak about the textbook as follows: “ This book was written by two people who enjoy this process. As it turns out, we're not the only ones who've made some mistakes, and we've also discovered the same secrets to success... which we hope to share with you.».

Linda Raschke's Rules for Successful Trading

According to the book “Exchange Secrets” by Raschke and Connors, it is necessary to follow the most important rules that were developed by the authors of the textbook themselves. Here are some of them:

• Only strict adherence to one chosen trading strategy will allow you to make a good profit;
• If the strategy is unfamiliar to you, study it carefully and make notes on paper;
• You should not consider strategies that seem unreliable to you - do not underestimate your inner voice and intuition;
• Having opened a position, immediately place a protective stop order, otherwise one unsuccessful transaction will cancel out several winning ones;
• Remember - a short-term trend always tends to move to a long-term position.

Download the book “Exchange Secrets”

The book by Linda Raschke and Lawrence Connors is not particularly popular in the Russian Internet segment, so downloading the textbook “Exchange Secrets” in fb2, epub, mobi, rtf, txt formats will not work. But there are several other ways to get acquainted with the book:

1. You can download the book “Exchange Secrets” in pdf format on the lib100 online library website.
2. The hardcover book is available in the catalog on the website Ozon.ru. Unfortunately, the product is not always in stock, but you can find out about its availability by entering your email address.

About the authors

Linda Bradford Raschke– a talented female trader. Even as a child, Linda helped her father do technical analysis - as the eldest daughter, she tried to help the family and actively studied price charts. After graduating from college in 1980, Linda worked in the Philadelphia and San Francisco stock markets. She tirelessly monitored market changes and could not afford to rest. In 1986, Linda was injured after falling from a horse and had to take a break from work.

Raschke could no longer go to the office; she had to set up a workspace at home. She began using Quotron's electronic system to continue trading. Linda liked the system and continued to work with it. In 1993, Linda formed a firm called LBR Group and also became a Commodity Trading Advisor (CTA). Raschke skillfully managed investors' funds, and nine years later she founded a hedge fund, which was ranked 17th out of 4,500 possible (according to the Barclays Hedge rating).

Linda herself adheres to the following principles when working with futures:

• The right organization. You need to think through everything carefully and be able to organize your work space and atmosphere.
• Certainty. Each trader must use his own unique methods, strategies and tools. What brings income to one may ruin another.
• Financial prudence. It is necessary to carefully calculate all risks: this is much more important than the expected profit and the amount of money in the trader’s account.
• The ability to control oneself. Sometimes, when dealing with unsuccessful transactions, it is difficult not to give up and become discouraged, but this should not be allowed, otherwise you will not be able to move to the next level.
• Experience. 50% of success depends on it. You must be able to determine the favorable moment to enter a trade. If a limit order is used, you can skip it, which will allow additional pips later. The ability to calculate the exact time to exit a position is the most important principle. If you exit with a limit order, the market may not reach the desired price by 2 ticks, and then go 10 points lower.
• Timeliness. You cannot leave trades for the next day.

“You need to practice for several hours every day, because... this helps develop concentration and discipline, which is important for traders.”

Regarding the last point, here Linda Raschke gives her own example: it takes her no more than 10 minutes to complete one S&P 500 trade when trading futures. There are also longer-term transactions: for example, with NASDAQ futures, transactions can be held for up to 14 days.

Now Linda makes at least 3 transactions every day on the S&P 500 and the same number on other markets.

Lawrence Connors– a professional trader who has 20 years of experience in the financial market. He is the creator of the English-language website Tradingmarkets.com, which is dedicated to the financial world. Throughout his career, Connors has published several books, including the legendary edition “Stock Secrets,” written together with the talented trader Linda Raschke.

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This book is "Exchange Secrets" from the unsurpassed authors, Linda Raschke and Larry Connors. Ideal for both beginners and actively trading Forex traders. This book is not about technical analysis, but about specific, highly effective Forex market strategies for short-term trading. Most of the strategies in this book can be used in different time frames and in different markets.

Contents - Exchange secrets - Forex Book

Chapter 1. Introduction
Chapter 2: Swing Trading
Chapter 3. Money management

Part one. Samples
Chapter 4. Turtle soup
Chapter 5. Turtle soup plus one
Chapter 6. 80-20"s
Chapter 7. Momentum pinball
Chapter 8. Bi-period ROC

Part two. Recovery
Chapter 9. "Anti"
Chapter 10. Holy Grail
Chapter 11. ADX Break

Part three. Climax patterns
Chapter 12. Whip
Chapter 13. Three-day unfilled gap spreads
Chapter 14. It is better to see once than to hear a hundred times
Chapter 15. Wolfe Waves
Chapter 16. News
Chapter 17. Spreads on the morning news
Chapter 18. U-turns on important news

Part four. Breakout mode
Chapter 19. Range Reduction
Chapter 20: Historical Volatility Meets Toby Krabel

Part five. Reflections on the market
Chapter 21. Professional Indicators
Chapter 22. A little more about deal management
Chapter 23. Be prepared!
Chapter 24: Final Thoughts
Chapter 25. Secrets of successful trading
Applications (calculations, statistics, reports)

Traders do not always contact each other to discuss bullish or bearish trends. Traders exchange, most often, their own views on the origins and intricacies of their personal business. During such conversations, all traders come to the same conclusions. Often, traders' conversations are actually looking for clues to their own minds, trying to understand themselves.

Despite all our persistent pursuit of knowledge, the stock market works in such a way that the learning process never ends. Ultimately, our best teacher is experience, and there is no substitute. We are only able to choose the attitude with which we begin the process of learning about trade. We accept the inevitable failures and learn, succumb to our natural human tenacity and are forced to do the same lessons over and over again. Book "Exchange Secrets" written by two authors who truly enjoy the process.

The most important secret is to learn to listen to the market and do not impose your own will on it. Every successful trader we know knows the need for fundamental consistency. This is the key to everything - a trader must trade using a consistent strategy. You must also follow a specific trading strategy. Although the “Exchange Secrets” manual talks about many strategies, each of them contains a starting point: first we reduce the risk; after they are identified and controlled, the resulting profit should be maximized.