Are you looking for a guide for learning how to use forex trading to make money? Then keep reading...
In the past, the forex market was only reserved and exclusive to financial firms, big companies, billionaires, central banks, and hedge funds. But through the emergence of digital banking and the rise of smartphones, anyone can now participate in this volatile, highly liquid, and exciting financial market. Successful forex traders are now making big bucks every day, thanks to the availability of forex platforms. But in my years of experience in the forex world, I also encountered people who have lost a lot of money within minutes.
Certainly, the forex market can make you rich, but not overnight. It still takes knowledge, skills, and discipline in following the most suitable strategies before you can become profitable in the forex market. The forex market has boomed and it is now considered as one of the hottest financial markets today. It has been around for decades now, but the recent rise of trading technologies has made it accessible to private traders on a scale that is unprecedented.
At its core, forex trading is all about speculating the value of one currency against another. The key words in the preceding sentence are "currency" and "speculating". It is important to look at forex trading in these two dimensions. First, forex trading is speculative similar to trading stocks or other financial instruments with the hope that it will increase its value and you as a trader will make a profit. Second, the financial securities that you are speculating with are the currencies of different countries.
Written as a beginner's guide for people who are enticed to join the forex market, this book can help you learn the following:
● The fundamental theories and mechanisms behind the forex market
● The essential skills you need to learn to become successful in forex trading
● The top fundamental and technical strategies that seasoned forex traders are using
● The common mistakes that you must avoid so you will not lose money
The forex world can become a fertile ground for day traders. But this can only be possible if you really understand the basic concepts that influence the biggest financial market in the world.
In this book, we will see forex trading using perspectives, viewing them separately and integrating them to provide you the insights you need in order to trade successfully in the forex market.
This book covers the following topics:
- What is forex trading
- Why you should invest in forex trading
- Platforms and tools for forex trading
- Risk management and financial leverage
- Technical analysis indicator tools and charting basics
- Fundamental analysis
- Importance of the trading plan
- Forex trading strategies
- The power of economics calendar
- The basics of trading step-by-step
- Common mistakes to avoid
- Operational terms you should know
- How does forex work and how to choose the right broker
- Setting up your own trading account
....And Much More!
Let's get started.
