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17 Proven Currency Trading Strategies: How to Profit in the Forex Market

by Mario Singh (2013)

Quick summary -- an in-depth PhD-level extended summary (10-30 pages) for this book is coming soon.

17 Proven Currency Trading Strategies: How to Profit in the Forex Market

By Mario Singh

Quick Summary

A structured guide presenting 17 specific, tested forex trading strategies organized by market condition and trader profile. Mario Singh covers the fundamentals of the forex market (the seven major currency pairs, leverage, bid-ask mechanics), the six major player types in forex markets, and then presents 17 distinct strategies with specific entry, exit, and risk management rules, supported by Fraction Theory and market structure analysis.

Executive Summary

"17 Proven Currency Trading Strategies" is organized into three parts. Part One covers the forex game -- how the market works, the seven major currency pairs, leverage mechanics, how money is made, bid-ask spreads, and the fundamental and technical factors that move currency prices. Part Two introduces the six major player types in forex (central banks, commercial banks, hedge funds, multinational corporations, retail traders, and brokers), explaining how each influences price action. Part Three presents the 17 strategies themselves, each with specific rules for entry, exit, stop-loss placement, and position management. The strategies span multiple time frames and market conditions, including trending, ranging, and breakout environments. Singh introduces "Fraction Theory" -- a proprietary framework for reading market structure -- and integrates standard technical tools (chart patterns, candlesticks, support/resistance) with practical money management.

Key Components

  1. Fraction Theory -- A proprietary framework for analyzing market structure in forex
  2. Market Structure Analysis -- Identifying trending, ranging, and transitional market conditions
  3. The Seven Majors -- EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD
  4. Six Major Players -- Understanding how different market participants drive price action
  5. 17 Strategies -- Each with specific rules for entry, exit, and risk management

Critical Assessment

Strengths

  • Provides specific, rule-based strategies rather than general principles
  • Good coverage of forex market fundamentals for beginners
  • Multiple strategies for different market conditions
  • Practical risk management guidance with each strategy

Limitations

  • "Proven" is a strong claim; backtested results may not persist
  • Some strategies may be too simple for experienced forex traders
  • Fraction Theory is proprietary and not independently validated
  • Limited coverage of fundamental analysis for currency valuation

Conclusion

Singh's book provides a useful catalog of forex trading strategies organized by market condition and time frame. Its value lies in the specificity of the rules and the comprehensive coverage of different market environments, though traders should independently validate any strategy before deploying capital.