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

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Overview

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.

Over the course of their successful trading careers—as they skillfully shifted from open-outcry pit traders to the more prevalent "screen traders" of today's modern financial ...

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Overview

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.

Over the course of their successful trading careers—as they skillfully shifted from open-outcry pit traders to the more prevalent "screen traders" of today's modern financial world—authors Michael and Stephanie Radkay developed a distinct approach to making the best trading decisions possible. After solidifying their sought-after approach in the commodity futures industry, they applied it to the growing forex market in 2005. Now, with The RDS Forex System, they share their experience in this field with you.

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. Engaging and informative, The RDS Forex System outlines a unique trading methodology called the Rotating Directional System (RDS) that will allow you to excel in this arena. 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 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: Homework, Neutral, Distance Run, Window of Opportunity, and Relative Strength Index (RSI)
  • Understanding the ebb and flow of prices to reveal when to get on and off of a trend
  • Aligning your most productive hours with the time that market prices tend to move
  • Preparing for known events, from Federal Reserve (FOMC) and foreign central bank meetings to the unemployment/jobs data report
  • And much more

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.

As founders of the trading education company RDS Trader LLC, Michael and Stephanie Radkay have helped traders compete in the most dynamic markets in the world for almost twenty years. 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.

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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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