Forex Trading : A Beginner's Guide to Learn How to Trade in the Forex Market. Understand the Secrets and the Strategies to Become a Successful Trader Paperback / softback
by Dave Raymond
Paperback / softback
Description
Do you want to learn how to trade in the Forex market? Do you want to understand the secrets and the strategies to become a successful Forex trader? If yes, then keep reading...
The Forex market is a complex world, and everyone is trying to look for the goose that lays the golden egg. In this case, we are talking about that one trade that will simply propel someone to new heights.
People imagine that getting into the Forex market is easy, that pretty soon they will be diving into cash the way Scrooge McDuck takes a joyful dive into his pile of gold coins.
That rarely happens. But the prospect of making some incredible profits still exists, provided you are ready to navigate the complexities of the Forex market.
In fact, here is something you should know.
This is a real market. It is the largest financial market in the world, and you have to treat it as such. You can trade in this market part-time, or you can do it every day. In fact, you can make it your business-the business of trading.
People have actually quit their day jobs to get into the world of Forex trading. However, that is something that you should not even consider if you are starting out. Do not make rash decisions in the hope that you are going to master the markets and strike rich in no time. Those are wonderful ambitions but are not backed by experience.
You see, trading can be learned, of course, but the experience can't be transmitted.
It has to be constructed by every individual through a personal effort of understanding and hard work.
Another thing that is important to understand is that you will never ever stop learning. Markets are changing every day, and the Forex is a living organism that evolves in the same way as all its traders. Always remember that although it seems to be an unknown entity, at the end of the day, the market is merely made up of investors, large and small, from all corners of the world, each with his or her own emotions, psychology, and predictable behaviors and reactions.
Do you ever walk up to a doctor and ask him or her if there is a shortcut to reaching where he or she has reached? Would you do that to an engineer or a renowned sportsperson? These people have developed their skills over time. They have honed their abilities as much as possible before they could use them fluently.
It is the same with trading in the Forex market. You need to put in effort to learn the tricks of the trade (no pun intended).
Learn to move on after losses. Don't dwell on missed trades or lost revenue after you decide to close. There will be hundreds of opportunities in the future. Follow your plan, and follow your system. Practice every day, and experience will come with time, patience, and discipline. Don't look outside for what's already inside. Leave your ego behind. Be humble and smart. You can't decide where the market will go, so learn to see where it wants to lead you, not the other way around. Exit bad trades, and hold on to good trades. Set yourself a goal and stop trading when you have reached it.
This book covers the following topics:
- Introduction to the Forex Market
- Forex Terminology
- Defining Forex Trading
- Benefits of Forex Trading
- The Principle Currencies Explained
- The Rules and The Players
...And much more
Information
-
Item not Available
- Format:Paperback / softback
- Pages:148 pages
- Publisher:Charlie Creative Lab Ltd
- Publication Date:06/02/2021
- Category:
- ISBN:9781801826624
Information
-
Item not Available
- Format:Paperback / softback
- Pages:148 pages
- Publisher:Charlie Creative Lab Ltd
- Publication Date:06/02/2021
- Category:
- ISBN:9781801826624
