Forex Trading (Investment In The Foreign Exchange Market) Book
This book is designed to introduce traders to the exciting world of active trading (participating in everyday price movements of the financial markets).
The internet has made trading online the easiest way for individuals or investors to participate in the forex market. Forex trading is challenging but full of potential profit for those who are well trained and experienced traders.
Active trading enables a trader to manage risks and to participate in both rising and falling prices. The trades described in this book can be from as short as a few seconds to as long as months. Many of the strategies can be applied to various timeframes. The difference between an active trader and an investor is that the active trader trades the actual price movement while the investor makes their decisions based on the anticipation of the future price movements.
There are many strategies a trader can use effectively. As you gain more experience you will realize that most strategies are based on the same principles and that there is really no “Holy Grail” out there. You are the Holy Grail.
I have been trading and coaching for many years. The need to be independent certainly was the biggest reason for entering the world of trading. In what other job do you have the freedom to work from anywhere in the world where you have access to the internet? However, before deciding to participate in the forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you can not afford to lose. A basic principle in my first book: Investment in the foreign exchange market. One has to build a solid strategy, a neutral state of mind, and strict risk management which are only some of the key traits needed to be successful.
Are you planning to trade full time or just part-time? This book will offer valuable insights into the whole business. Even if you are just planning to invest, read this book and take some of the basics of forex trading analysis into consideration when making the next decision.