Forex Trading Machine by Avi Frister is a very popular book based on a mechanical model of trading and therefore uses no pivot points, chart patterns, moving averages, Bollinger bands that require user discretion and judgment.
There seems to be a sudden explosion on the number of forex books bubbling in the market, all supporting a heavy price tag. Warning, most of them are a waste of time. My experience in reviewing them: Big promises, shoddy information. Thankfully Forex Trading Machine is different from the breed and actually delivers what it promises.
Here’s a brief overview of the strategies explained in the forex trading machine:
Cash Cow Strategy is designed with the GBP/USD currency pair. Avi says this pair has been specifically chosen because of its volatility. Using this system you can throw three to four trades a month. The advantage is that you don’t have to stick your eyes to the computer monitor all day.
Flip & Go Strategy is a strategy for day trading .It shows you how to take advantage of a certain characteristic of the EUR/USD pair .
Forex Runner Strategy is another strategy for day trading. It’s purely mechanical and based solely on what price is doing.
Avi also includes a bonus strategy Forex News Trading Strategy.He explains how certain important reports such as the Non Farm Payroll can create moves in the market that can be very significant .
Overall Forex Trading Machine makes a good reading. Avi Frister also has a bonus offer giving Mark Mcrae’s book Trading for beginners absolutely free. Also included is a 56 day money back guarantee.