Getting Started in Forex Trading Strategies

Trading the foreign exchange market offers unmatched opportunities, but without a disciplined strategy, it can also be one of the fastest ways to lose money. Getting Started in Forex Trading Strategies by Michael Duane Archer (Seventh Edition) is a clear, practical guide designed to equip traders with the foundational methods they need to succeed in the world’s largest financial market.

This book builds on Archer’s earlier work, Getting Started in Currency Trading, moving beyond mechanics into the actual strategies that drive profitability. Readers will learn how to create their own trading codex—a personalized set of rules, techniques, and psychological frameworks that align with their goals and risk tolerance.

Archer covers a wide range of strategies, including traditional chart-based techniques, money management principles, and the critical “soft elements” of trading psychology and discipline. He also introduces the Codex Method, a systematic approach to selecting markets, executing trades, monitoring positions, and exiting with discipline.

Beyond strategy, the book delves into record-keeping, options, and the mindset required to succeed as a professional trader. With practical examples, step-by-step methods, and even Visual Basic source code for trade tracking, this book provides a complete starter’s toolbox for aspiring Forex traders.

Whether you’re just entering the Forex market or refining your style, this book is an essential guide to building the discipline, structure, and techniques needed to trade successfully.

✅ What You’ll Learn:

• The traditional elements of Forex strategy: trading techniques, money management, and trading psychology.
• How to build your own Trading Codex for consistent decision-making.
• Step-by-step methods for tracking, selecting, executing, monitoring, and exiting trades.
• Effective money management practices to protect and grow capital.
• The role of post-trade analysis, record-keeping, and options in long-term success.

💡 Key Benefits:

• Translates complex Forex strategies into a beginner-friendly framework.
• Introduces the Codex Method—a practical, rules-based system.
• Balances technical tools with trading psychology and discipline.
• Offers actionable insights with real market applications and coding tools.
• Helps traders transition from learning mechanics to building consistent strategies.

👤 Who This Book Is For:

• Beginners seeking a structured introduction to Forex trading strategies.
• Intermediate traders who want to refine their money management and discipline.
• Traders aiming to develop a personalized, rules-based trading system.
• Anyone interested in the psychology and methodology behind long-term trading success.

📚 Table of Contents:

Introduction

Part 1 – Traditional Elements of Forex Strategy

• 1.Trading Techniques
• 2.The Soft Elements of Style
• 3.Money Management

Part 2 – Developing a Trading Codex

• 4. The Codex Notebook
• 5. The Codex Toolbox
• 6. Style
• 7. Making Money Management Decisions
• 8. Setting Up Your Trading Platform

Part 3 – The Codex Method of Trading Forex

• 9. Tracking Markets
• 10. Selecting Markets
• 11. Making a Trade
• 12. Monitoring a Trade
• 13. Exiting a Trade

Part 4 – The Complete Forex Trader

• 14. Postmortem and Record Keeping
• 15. Options and Options
• 16. The Dreams of Reason—To Be or Not to Be a Forex Trader

Appendices

• A. Visual Basic Source Code
• B. How the Forex Game Is Played