The word Forex itself is a combination of the first few letters of two English words, foreign and exchange. This is because Forex is the exchange of one currency for another. There are different names for Forex such as Forex trading, spot trading, Foreign exchange trading, and it is abbreviated as FX trading. It is unrivaled in terms of its’ liquidity among other financial markets in the world averaging 5 trillion US dollars daily trading volume according to the International Monetary Fund. It also has no central or physical location as it is located online as an electronic platform.
If you have ever wondered about Forex trading, you are not alone. Many wonder about this field and that is what this book wanted to shine a light on for you. There are so many questions and issues that people face when attempting to begin to understand this field. The questions that plague people are like the following:
•What do I need to know to do this well?
•How do I manage my time properly?
•What are the basics?
•What are the risks?
•How do I manage my money?
These are the biggest questions that people need answered and when your just starting out you need the answers to these questions to make sure that you can do this and be successful. As such this book has been able to teach you how to do all of that and more. We’ve explained the importance of time management and why it’s important as well as information that you need to be able to understand when starting out in this field.
This book is able to tell you exactly what you need to know so what you walk into Forex trading with understanding and knowledge so your not walking in blindly. The more knowledge you have the better you will be able to do this. This book has also been able to show you the proper mindset that you need for this field as well. You will need a positive mindset and you need to understand what your goals are so that you know what it is that you want. As such, we have explained how changing your mindset can help you along with being able to being able to have a trader’s mindset. This will make you more successful overall. You want to be able to win and succeed and this book has been dedicated to giving you everything you need to do this to your best benefit.
This book gives a comprehensive guide on the following:
•Where do we trade forex?
•Choosing a broker
•The forex trading strategy of scalping
•Strategies for beginners
•Fundamental and technical analysis
•Operational strategies for the forex
•Trading the breakout
•Risk management and self discipline
•Top tips for forex traders… AND MORE!!!