Praise for Trading from Your Gut

1. The Business of Brokerage—Learn how Forex brokers
make money and why the decision about which broker to use
may be the most important one you will make.
2. Lessons on Leverage—Leverage is an important bonus to
Forex trading. It offers the ability to earn large returns from
a relatively small account. This leverage can come back
around to bite you if you don’t understand it and pay atten-
tion. High leverage is for experts. Learn how to apply the
right level of leverage in your trading. 
3. Living with the Big Fish—The Forex markets are big—so
big that even government central banks cannot control the
price of their currency. This reality calls for special attention
on the part of a Forex trader.
4. Forex Psychology—In general, Forex traders are inter-
ested in growing their accounts at a faster pace and are less
concerned with preserving capital at all costs since there is
not much capital to begin with. This makes them vulnerable
to certain human psychological flaws that can affect their
trading. Learn how to manage your own psychology.
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From the Library of Daniel Johnson

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5. Discretionary or System?—Included is a discussion of the
differences between discretionary trading and algorithmic
trading viewed from the perspective of the Forex trader.
This will highlight the difficulty of implementing algorithmic
trading systems at the shorter timeframes that prove better
for Forex traders.
6. Risking Right—Too much risk combined with high lever-
age can decimate a trading account. If you’re trading a small
account, disaster can come swiftly with as little as one bad
trade. The traditional measures of risk may not be appropri-
ate for a Forex trader. Learn how to decide how much to risk
on each trade.