If you're looking to learn the in's-and-out's of Forex currency trading as a possible investment vehicle, or you'd just like to quickly have Forex made simple for you to determine what it's all about, then this snappy little in-depth primer on the FOReign EXchange (FOREX) currency market will answer all of the basic as well as many of the more advanced questions that you might have about this fascinating and thrilling way to make money from home.
Leveraged Forex (commonly called "retail") currency trading conducted independently by ordinary individuals from their personal computers has exploded since 2004… helping to drive the value of the DAILY movement of currencies worldwide to a staggering 4 trillion dollars every 24 hours. That would be trillion with a "T". This dwarfs all of the world's stock and commodities markets COMBINED by a factor of times two (x2). It's an astonishing lucrative market where complete trades can be performed in mere minutes.
If you like fast trading action, you're going to love Forex!
But how exactly does one get a foothold in this fast-paced market without getting run over by the big players?
'The Forex Lifestyle: Forex Made Simple for Beginners' will bring you up to speed on the current scope of the latest forex trading strategies in a brisk and entertaining fashion, by serving up loads of useful examples and trading tactics. You'll learn everything you need to know about pips, lots, margins and all the other basic math involved in forex price action… how currencies are paired, and how to read those critical spreads and quotes.
It's not just Forex trading for beginners, it's all about becoming a SMART and savvy trader right out of the box.
You'll also become familiar with the popular MetaTrader free trading software platform used by home traders all around the world. Analyze the market movements of all the major currency pairs with dynamic realtime-updating charts and predictive indicators. Do some forex technical analysis and even learn Forex strategies for beginners by taking into account the global long and short term economic fundamentals that effect currency values from minute-to-minute. You'll also learn how to use my own personal 2 Stage Trading technique to control the fear-vs.-greed issue that can ruin many traders.
One of the big attractions of Forex is that you don't have to be a "big guy" to get involved – unlike the stock, commodity and options markets. You can open a currency mini-trading account at most Forex brokerages for as little as $250. Even better, you can practice for several months with VIRTUAL money until you become familiar with how to trade Forex, and comfortable enough to use real money.
This is simply one of the best forex trading books for beginners – it's a "square one" training resource that I wish I could've gotten my hands on back when I was just starting out in Forex, it would've saved me tons of wasted time trying to figure out how to successfully trade foreign currencies for profit.
- Publication date:February 15, 2011
- File size:1247 KB
- Word Wise:Enabled
- Print length:91 pages
- Publisher:Kipling Kat Publishing Co.; 2nd edition (February 15, 2011)
- Enhanced typesetting:Enabled
- X-Ray:Not Enabled
- Best Sellers Rank:#1,970,163 in Kindle Store
- #811 in Foreign Exchange (Kindle Store)
- #1,558 in Foreign Exchange (Books)
- #7,467 in Two-Hour Business & Money Short Reads