English | 2021 | ISBN: | ASIN: B091B7BMZL | 165 pages | EPUB | 0.80 Mb

FOREX TRADING FOR BEGINNERS:

Easy Secret Strategies, Trick and Tips for Investing in Short and Long Term Currency Trading.

Trading success is available for you to take. Will you put in the work required to both achieve it and keep it? A lot of traders find that making money in the market is possible, but keeping that money is an entirely different ballgame. Keeping your money requires discipline and patience.

The main role of the Forex market is to set exchange values between currencies. So, as we've alluded to earlier, the market would set the value of Euros against the Great British Pound, or the U.S. Dollar, to use two examples. If a currency is a free-float currency, which is what most of them are, then the values of currency concerning other currencies are determined solely by market forces - supply and demand. Some currencies are known as fixed float currencies. The two main examples are the Chinese Yuan and the Indian Rupee. A fixed float currency has its value pegged to some specific value, usually another currency like the U.S. Dollar.

The markets are highly liquid-that is, you can trade all the time and quickly convert your investment into cash. The Forex markets have grown incomprehensibly large, reaching a daily trading volume of more than $5 trillion by the end of 2016. This is much larger than the trading volume on any stock market, which ranges around $200 billion per day.

Since Forex trading is "over-the-counter," it is lightly regulated as opposed to stock market investing. This can be beneficial to traders, as it can make it easier to trade, and you can use high amounts of leverage (but remember that leverage can work for or against you).

This book is a comprehensive guide on:

How to Start Forex Trading
Forex trading pros and cons
Opening a brokerage account
Currency pairs and pips
Fundamental and technical analysis
Tools, indicators, and patterns of trading
What are the most popular forex trading styles and strategies?
A new species of currency
How to develop a winning routine
Manage your emotions with trading psychology
Risk management & trading plan
Common mistakes and tips for beginners in forex trading
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