Ebook Trading Forex with Divergence on MT4, by Jim Brown
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Trading Forex with Divergence on MT4, by Jim Brown
Ebook Trading Forex with Divergence on MT4, by Jim Brown
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Review
Jim'sBook, Trading with Divergence on MT4 is an awesome companion to the MT4High Probability Forex Trading Method - Clifton MitchellIn this book, Jim goes on to explain in greater detail what divergence is and how to recognize it. He also provides many visual examples as well to help the reader. Divergence coupled with the already good indicators help to increase the probability of a potential winning trade. Also, with the purchase oft he book, you can gain access to the Facebook group where members share ideas and Jim updates the feed regularly with new potential trades.There is also a section where you can browse through documents and examples from the book saved in .pdf format for easy viewing. So far,the method has worked for me and I would encourage all to try it and see what it's all about!Simple yet reliable method - Soran BogdanThey say all the great things are simple. Same applies to Jim's books. I've read 2 of them, and to me they worth more than some expensive coaching I've had in the past. Simple, clear, concise, easy to apply. You get the strategy, the template, the indicators, plus you get author's support and access to an active Facebook group of traders - all for a tiny fraction of the cost of what others would charge. Most importantly, this strategy WORKS. I highly recommend this book.
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Product details
Paperback: 82 pages
Publisher: CreateSpace Independent Publishing Platform (December 19, 2016)
Language: English
ISBN-10: 1541214366
ISBN-13: 978-1541214361
Product Dimensions:
6 x 0.2 x 9 inches
Shipping Weight: 5.6 ounces (View shipping rates and policies)
Average Customer Review:
4.8 out of 5 stars
97 customer reviews
Amazon Best Sellers Rank:
#338,916 in Books (See Top 100 in Books)
Another great book by Jim.Again, if you are new to forex and would want to learn the basics, this is not the book for you. Search the web and you'll find the basics for free, or you could buy Jim's other book "Forex Trading - Basics Explained"...though I haven't read that one yet. This is a strategy book and won't run you through the basics of what forex is and or run you through the basic vocabularies for trading.Before you buy this book, I suggest you buy the other strategy book first - MT4 High Probability Forex Trading Method. It would be easier to understand this if you've read the other one. If you've read that one and are looking for more opportunities to trade, then this book might be for you. Yes, trend is your friend, but trending markets are not forever. They even say that trending markets are just about 20% of the time. So what do we do with the other 80% of the time. Find good setups for ranging markets, reversals, continuation setups, etc.Now this does not talk particularly about ranging, reversals or continuation strategies, though this could also be done on those mentioned I think. This is an additional tool on your arsenal that would give you setups when you will be finding none using trending strategies alone.Plus, Jim gives you his own custom indicators, which gives you signal to buy or sell, which you can consider, but of course it is your own judgement call as trading against the trend or trading reversals is not as high probability as trending strategies.The most important value of this book is being invited to his group wherein he posts his setups and educate us as to why he is doing it. Also, other guys there post what they see using this strategy and you too can post there and ask for feedback as to what the other guys see. If you are new to forex, you need a mentor and some trading buddies, this is where you can get it. Though he would definitely tell you he is not a guru. Just joined this group last week and am so pleased doing it.For the price, this is the best you can get.
Disclaimer: I read all three of Jim's books and will be posting the same review for all three.Mr. Brown has done what many have attempted and very few have accomplished: a simple, reliable, step-by-step program to successfully trade FX. I have traded in the stock market for close to 15 years as both a licensed rep and for personal benefit. Believe me, it is NOT the same as Forex. After countless hours of indicator analysis, backtesting, and overall frustration, I came across Jim's first book and thought it too good to be true. I passed on utilizing his system and can kick myself for that oversight. After more analysis (read: losses), I went back and re-read the book, then his second book, and then the 3rd. I scrapped what I was doing and followed Mr. Brown's instruction to the "T". Jim has even responded to personal inquiries which absolutely blows my mind. I waited to write my review(s) until I had consistent, repeatable results. I do and look forward to utilizing the strategy moving forward. Don't overthink it, buy the book .
This book is more concentrated on Jim's latest trading strategy than in Forex itself, I would strongly recomend to at least have bought one of the 2 previous books from Jim to fully understand and get the most of this one. Again, Jim does a really nice work on this book since you can sense his experience speaking for him all the way through it. As an author, I havent seen once who provides such personal trading support and trading instruments, as Jim does. If you are new to trading (the kind of "new" who already has a trading account but isnt consistently making money) then this book will clear the specific trading doubts that you have. As an example, it really helped me in regards to stop loss order placement. Divergence, although a little bit complicated to apply to your trading at first, is explained well, as Jim does a nice work on teaching you his method. In regards to the trading system he provides, I havent really tested it but having experienced the previous one he provided and seeing the new one on the book's charts I will test it, and I truly hope it can improve my trading (since the last one really surprised me on it's performance and my profits). It is important for you know that a trading system is NOT all you need to make money. It is indeed a powerful tool to boost your trading success but ISNT everything and you cant rely 100% on it to make money, you have to have good money management, discipline, self-control and more knowledge about forex in general.
This book is the 3rd in the series of books written by Jim. I highly recommend all of them. This book although is for people who already have some experience using the method described in the second book "MT4 High probability trading method" to further refine their entry and exit points. This book is also very straight to the point like other books written by Jim. The author does not believe in adding fluff for making the book longer and thicker. I really like that aspect.One thing I really appreciate and I don't think I have seen that elsewhere is the Author is so accessible as compared to others. He publishes his trade results on a Facebook group. You can't be more transparent than that. You can ask him any questions if you like as well.Most of the other authors never even reply to your emails in my personal experience. Jim on the other hand I find is very approachable and down to earth.Don't think too much on buying the book, you will finish it in a couple of days and probably save more money than you paid for it in a day.
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