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

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Overview

THE RDS FOREX SYSTEM

"Trade strong, trade smart, and ALWAYS make sure you can come back and trade tomorrow!"
Michael and Stephanie Radkay

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 Radkay—who left successful professional careers as ...

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Overview

THE RDS FOREX SYSTEM

"Trade strong, trade smart, and ALWAYS make sure you can come back and trade tomorrow!"
Michael and Stephanie Radkay

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 Radkay—who 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 rule–based 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.

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Product Details

  • ISBN-13: 9781118096680
  • Publisher: Wiley
  • Publication date: 3/20/2012
  • Series: Wiley Trading Series , #537
  • Edition number: 1
  • Pages: 223
  • Product dimensions: 5.90 (w) x 9.10 (h) x 0.80 (d)

Meet 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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Table of Contents

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

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Sort by: Showing 1 Customer Reviews
  • Anonymous

    Posted June 12, 2012

    Just read the first chapter; Fantastic! :)

    Just read the first chapter; Fantastic! :)

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