“7 Winning Strategies for Trading Forex” by Grace Cheng is a highly practical and well-organized guide to the most profitable trading methods in the forex market. Whether you’re a beginner exploring currency trading or an intermediate trader seeking a structured approach, this book offers seven distinct strategies for various market conditions, along with the tools and psychology needed to apply them confidently.
Cheng explains each strategy with clarity, real-world chart examples, and rule-based setups. From trend following to breakout trading and news-based strategies, this book shows how to adapt to dynamic forex conditions. She also discusses key psychological traits, risk management rules, and the use of technical indicators like RSI, MACD, Bollinger Bands, and moving averages.
What sets this book apart is its action-oriented approach — readers can implement each strategy with precision, regardless of their time horizon or capital size.
✅ What You’ll Learn:
- 7 proven strategies for trend, range, breakout, and news-driven forex trading
- How to align your strategy with your trading style (scalping, swing, intraday)
- How to use momentum, support/resistance, Fibonacci, and sentiment tools
- Essential rules for risk control, position sizing, and stop-loss placement
- How to identify high-probability setups and avoid low-quality trades
- Developing a winning trader mindset and sticking to your plan
💡 Key Benefits:
- Offers a complete playbook of forex trading strategies
- Includes visual chart examples and setup guidelines
- Great for both discretionary and systematic traders
- Promotes discipline, objectivity, and self-awareness in trading
- Designed for immediate real-world implementation
👤 Who This Book Is For:
- Beginner to intermediate forex traders
- Technical traders seeking strategy variety
- Part-time traders who need defined systems
- Traders who’ve tried everything and want clarity and structure
- Anyone trading the currency markets with inconsistent results
📚 Table of Contents:
- Understanding the Forex Market
- Setting Up for Strategy Success
- Strategy 1: News Straddle
- Strategy 2: Inside Day Breakout
- Strategy 3: London Open Breakout
- Strategy 4: Fibonacci Trend Strategy
- Strategy 5: Swing Trading
- Strategy 6: Trend Reversal Setup
- Strategy 7: Carry Trade Strategy
- Putting It All Together – Psychology, Rules, and Routine