$13.38 - $10.80
Ready to tackle the forex world? Do you feel confident that you can join the largest financial market in the world and make a profit? It is okay if you say no, but you want to know more. The forex market seems like a big mystery where you can make your cut of the $5 trillion traded in a day. It is, but you now have a book that is going to start helping you work through that mystery and learn what everyone trading in the forex market already knows. You can make a quick profit, in a matter of minutes, with the right strategy. It all comes down to: • Your comfort level with risk • Your starting capital • Your knowledge about the market As you read through Forex for Beginners you are going to learn about 1. The history of forex 2. How forex works 3. How to start trading 4. Fundamental and technical trading analysis 5. Strategies to gain more profits Start reading now, so you can be successfully trading in the forex market, with modest profits to start and better profits in the future. You have what it takes—now discover what forex traders know so you can pad your retirement account!
$29.99 - $23.82
$29.99 - $23.82
Forex For Beginners is the prequel to my first two books, A Three Dimensional Approach to Forex Trading, and A Complete Guide to Volume Price Analysis. It is your primer to the world of . It has been written to lay the foundations and provide the framework for getting started in the world of , in what I believe is the correct way. My other books then build on what you will learn here, to further develop your trading skills and knowledge.
What I try to do in all my books, is to show you how to apply that knowledge to help you become a more confident trader. After all, learning is all well and good, but if we are not taught how to apply that knowledge in a practical way, then it is of little use. It is the application of knowledge that empowers, and this is what I have tried to do here, and in my online training rooms, and all my books.
There are of course many books about trading. What is different about this book, is the focus on those aspects of trading which I believe are fundamental. After all, there are only two questions we need to answer when considering a position in the market:-
- What is the risk on this trade – high, medium or low?
- What is the financial risk on this trade?
The first is the hardest question to answer, and the book will explain in detail the analysis and approach to use, in order to answer this question with confidence. The second question is more straightforward and is answered provided you have an understanding of risk, money…
Is it Possible To Trade Forex Without Taking Any Losses?
Theoretically, yes, it is possible. But we don’t trade in theories, right? Forex trading is a reality. So is the Zero Loss Forex trading system.
So how can the Zero Loss Forex trading system make the claim to have a secret method of trading that GUARANTEES that you will not lose any trades? Not a single one?
Let’s explore this some. Ok, really. Yes, it is possible to never lose any trades in trading. This is a fact. but what does it take to do that? Extreme patience. Nerves of steel. Massive discipline and deep pockets.
Here’s one way it can be done and this is not the way Zero Loss Forex trading system does it.
The nature of the markets is that it always goes up and down. It never goes in one direction forever. Well, that’s really true of any market. So theoretically, what you can do is wait for a historical bottom or top in prices and place a trade in the opposite direction of the market. This can take a long time to develop so you must have the patience of a saint! Of course, no one is ever sure that the market has reached a top or a bottom and will not go much further. In fact, many times it does extend further once a barrier has been breached.
But one thing is absolutely for sure. At some point, it will reverse and go back down or back up. And if you place a trade at or near the top or bottom of the current market and wait, you will be rewarded with a winning trade. No doubt. In trading, the…
Do you dream of living a life where you don’t have to worry about your finances, or where you can retire early if you choose to? Then getting into trading Forex could be for you. There’s a lot to consider when deciding which type of trading to pursue, so this book will give you the tools you need to make an informed decision. Here are some of the topics that will be covered in this detailed guide:
- Pros and Cons of Forex: Did you know that the foreign exchange market is more flexible than others due to its hours of operation? You also don’t need as much capital to get started and be successful with Forex. Learn more about these points, plus others, in chapter one of this book.
- Beginner Terms to Know: Every type of trading comes with its own jargon and lingo. This takes a while to learn, but a beginner should go in knowing the most common ones, which you will find out about in this guide.
- Making your First Trade: What do you need to do to have a successful trade? What strategies can you use to ensure that you are doing your best each time you make a trade? Find out in chapters four and five.
- How to Choose a Broker: There is no shortage of options for trading platforms and brokers on the internet these days. Choosing the correct one is easy when you have the right information, which chapter six will give you in detail.
By the time you’re done with this book, you’ll feel ready to advance into Forex and start earning money. As with any other pursuit, learning…
Forex trading is one of the great money making opportunities available these days. People from many walks of life, men and women, decide to join the trading world everyday looking for the great style of life a profitable trader can achieve.
But Forex trading is also a war where you can lose your money and confidence if you are not wise enough in your battles against the market, a wise, often formidable and even brutal enemy.
There is an old saying by the Chinese military genius, Sun Tzu that says, “the obsession for victory is a state of mind that benefits the enemy”. And these wise words apply without any doubt to the world of trading. In the war with the markets nothing is more damaging to a trader than “the obsession with victory”.
There are many new traders that think they must never close a trade until it will turn into a profitable one; or think their predictions based on a particular indicator and technical analysis will always be right and the market will start behaving in the way they had predicted in any moment, no matter if the charts clearly indicate that it’s not doing it and the margin of the account is getting depleted.
This is, in no way, a wise trading strategy; it is not a wise war strategy. With that behavior you will only be giving free money to the markets, i.e., you will be defeated by your own obsession with being profitable even if everything is going against you indicating you must close the trade or tighten your stops.
When you’re getting started in Forex, there’s so much to learn about trading Forex it can be overwhelming. These days, the popular wisdom is that the only way to succeed in Forex is to teach yourself how to trade. Given that there’s such a high failure rate among traders learning to trade Forex, is this really a viable option? By the end of this article, you’ll know if it’s really possible to teach yourself how to trade Forex.
Is It Possible To Teach Yourself To Trade Forex?
Ask any “experienced Forex trader”, and they’ll tell you that the best way to learn Forex is to teach yourself by reading the popular Forex trading books and through trial and error in a demo account. Why? Because that’s what they’ve been told by other “experienced traders”, and that’s the only way they know how. The thing is, if you take a long, hard look at their trading account, chances are you’ll realize that they’re not that much closer to making a Forex trading income than you are.
Is it possible to teach yourself to trade Forex? Yes, just as it’s possible to teach yourself the practice of law or architecture. It’s not outside of the realm of possibility, but really it’s the worst possible way to go about it. In fact, it’s a well known fact in trading circles that 95% of beginner Forex traders don’t make it past their first year of trading. I don’t believe that it’s a coincidence that so many traders who are told to “do it themselves” fail so miserably in such a short period of time. So…
What could possibly be the relation between freemasons and the Forex Market? Am I pushing it too much? Well… judge for yourself. Here are some basic principles, among others, in which freemasons base their ideology. Let’s see if it applies to the Forex Market…
In the masonic world this concept makes reference to the idea that knowledge is a never ending process. We should be always learning, questioning and expanding our horizons.
In the Forex Market it means you should always be prepared. Know what you are doing and why you are doing it. Not to mention that learning in your trading career is also a permanent journey. If you think you know it all you are in for big trouble.
Knowledge means nothing unless it has its practical application in life. You could have the best Forex system of all time but if you lack the courage to use it; it’s worthless.
The main quality most rich people have in common, unless they are crooks, is they do things; they are go-getters. Think of this: you are in a bar and you look at a beautiful girl you want to meet. What are your chances of meeting her if you go and talk to her? And if you don’t go? I bet your numbers would improve dramatically if you went and talk to her.
3. Keep Silent
For the freemasons being silent has two meanings. The firs one makes reference to the virtue of silence as a tool for self-knowledge. The second significance is the need to keep private matters private, to not discuss things with the general…
Forex is also known as currency trading and many people trade it every day. Money from different countries is exchanged and people make profits from it. The business involves speculating whether a country’s currency will appreciate or depreciate versus the currency of another country. It is a perfectly legal business and many people across the world are making a livelihood from it. Before you get into it, it is best that you understand what exactly you will be dealing with to avoid any unexpected surprises in the process.
Forex trading offers high liquidity, a competitive as well as a 24 hour market. When it was first created, it was mainly meant to cater for the supply and demand of currencies for both banks and financial institutions. It has not changed that much as of now but it has experienced tremendous growth in size as well as accessibility.
Just like cars, computers, stocks and bonds as well as many other goods and services that are traded on the market, currencies are also traded in an open market. The value of the currency fluctuates based on the variation in the demand and supply. If there is an increase in the supply or a decrease in the demand of a certain currency in the market, the value of that currency will fall. A decrease in the supply or an increase in the demand of the currency is going to cause the value of the currency to rise. Back in the days up to about the late 1970s, retail investors used to trade through banks.
A rapid increase in the…
Forex trading is a system developed to allow people to trade currencies in the various markets. For example if you bet $100 on the Yen to go up and it does, you make money. It has become incredibly popular over the last few years not because of its tranquility but because of its volatile nature. Seems sort of strange, but there is a good reason for it.
A volatile market can only mean one thing – a series of large spikes both up and down. This means the gains are much higher than in any other form of online trading and it’s not strange to see traders making up to 100 times the amount they initially invested.
The trading market unlike options and stocks is greatly affected by a number of variables, one of them being the news. During news time when an issue arises, a stir is created in the market. This is a time when some of the largest spikes may occur and a great percentage of people make both huge profits and huge losses.
Sticking To A Strategy
Some of the most successful online traders would agree with this technique – finding a strategy and sticking to it. There is nothing magical about trading, the prices go up and the prices go down. Whether or not you make money, completely depends on the predictions you make.
There is no room for gut instinct in trading. Emotions tend to get in the way of your desired outcome and is one of the biggest reasons why 90% of traders fail within the first 12 months. There are of course many scientific ways of helping to…
If you are just getting started as a Forex trader, the 5 tips given in this article will help you out. However, it’s important to keep in mind that they won’t guarantee success. They can save you money, though. Not following any rules may increase your chances of failure. Read on to know more.
The first rule that you need to follow is learning to survive. It’s normal for every trader to lose trades but that doesn’t mean you can’t win down the road. Therefore, what you need to make sure is to keep trading.
Many new traders just focus on a trading strategy that can earn them profit. Although having a solid strategy is of paramount importance, using a good money management plan is also important.
As a general rule, if you want to be on the safe side, the highest amount of money that you can risk shouldn’t be more than 3%.
Use a stop loss
As a Forex trader, the stop loss is one of the most powerful tools at your disposal. The stop loss helps you figure out your risk. So, it’s a good idea to make use of it.
You should be realistic. Unless you are lucky, it won’t be possible that you can close 8 out of 10 of your trades earning a good deal of profit within 6 months. But if you have these expectations, know that you are going to get frustrated and disappointed.
So, what you need to do is be realistic right from the beginning. You may want to figure out your chances of success based on your strategy and experience. Moreover, you may want to determine how much…