Book description
Inside a unique system that allows you to identify and trade key
turning points in the forex market
The financial markets are in a constant state of affirming, breaking,
and developing new support and resistance areas. Traders use a variety
of methods to project support and resistance points based on past
price action. However, the question of whether those areas will hold
or break in real time is a much more difficult calculation. In The
RDS Forex System, former pit trader Michael Radkay provides
forex traders with a unique system for identifying support and
resistance zones in the foreign currency market and developing
profitable trading strategies around those zones.
The system uses market volatility, momentum, and chart patterns to
calculate support and resistance zones. As prices reach a specific
zone objective, trading strategies are put in place to profit from the
next movement. The book will show how this system gives traders a
continuous sense of the market's directional bias, identifies
potential turning points, and recommends levels to take profits off
the table.
- Highlights the Rotating Directional System (RDS), a
computer-based, longer-term application of the methodology used by
many successful pit traders
- Discusses how to use a variety of indicators to identify support
and resistance areas
- Reveals strategies employed to profit from market swings
The RDS Forex System is an ideal guide for retail traders
actively involved in the forex market.
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.
