“Very Clear” Mr. Ponsi takes care to cover all the points clearly when he goes through each trade. For example, not only he tells us about the entry, stop, and exits but also about reloading where it is relevant. Great teacher.

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Product Description

While most books on trading deal with general concepts and shy away from specifics, Forex Patterns and Probabilities provides you with real-world strategies and a rare sense of clarity about the specific mechanics of currency trading. Leading trading educator Ed Ponsi will explain the driving forces in the currency markets and will provide strategies to enter, exit, and manage successful trades. Dozens of chart examples and explanations will guide you each step of the way and allow the reader to “look over the shoulder” of a professional trader hard at work at his craft.

This book provides traders with step-by-step methodologies that are based on real market tendencies. The strategies in this book are presented clearly and in detail, so that anyone who wishes to can learn how to trade like a professional. It is written in a style that is easy to understand, so that the reader can quickly learn and use the techniques provided.

Excellent Entry Point for a New Trader
This book is packed with lots of information for a new trader like me. I wish this was the first book I bought about forex trading….more info

Well-stated Trading Basics
I feel that the author clearly sets forth both basic strategies and practical advice regarding currency-pair trading. Although it is briefly described, the book is not geared toward promoting the author’s other services offered in the Forex market. I would place it on the ‘must-read’ list before anyone ventures into the field of Forex trading.Forex Patterns & Probabilities: Trading Strategies for Trending & Range-Bound Markets (Wiley Trading)…more info

A Must Read, Best Trading Book Out There
This book is a must read. I have read all of the other reviews on here but none of them really convey the tremendous quality and help that Ed Ponsi’s book provides. I have finally become a successful professional trader, and I have to say that this book helped me more than anything else. Ed Ponsi gives strategies that make sense and very clear instructions for using them. All of the doubt has been removed from my trading, thanks to the objective rules based systems like the FXED Trend, which is my favorite. Not only that but the book is filled with little distinctions that may seem minor on the surface, but can mean the difference between defeat and success.

Just as important as the great trading techniques are the explanations why they make so much sense. This book cuts through the nonsense, and if you understand what Ed is saying then you realize that much of the other stuff that is out there is pretty useless. Maybe obsolete is a better word, now that this book is out there the bar has been raised and hopefully the quality of other books in this genre will pick up the pace. Read this book!…more info