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    Forex Trading For Beginners: Forex Strategies For Beginning Traders: Forex Trading Success, #2
    Forex Trading For Beginners: Forex Strategies For Beginning Traders: Forex Trading Success, #2
    Forex Trading For Beginners: Forex Strategies For Beginning Traders: Forex Trading Success, #2
    Ebook86 pages1 hour

    Forex Trading For Beginners: Forex Strategies For Beginning Traders: Forex Trading Success, #2

    By Cedric Telstine

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    About this ebook

    An Incredible Opportunity To Profit In The Forex Market Awaits You

    If you've never traded Forex before or have traded Forex unsuccessfully, then "Forex Trading for Beginners" is for you. Whether your goal is trading as a hobby, trading part-time for extra income, or trading for a living you will find useful information to help you reach your Forex trading goals.

    Forex trading doesn't have to be nearly as complicated as you might have thought. In fact, it doesn't have to be complicated at all. Forex success is all about following a time-tested, proven set of rules and using those rules to make a profit. Further trading success is a matter of taking that same set of rules and applying them over and over again.

    One of the first lessons in learning Forex trading for beginners is to learn how to use analysis to create simple, yet effective Forex strategies. The analysis that you use can be technical analysis or fundamental analysis or a combination of the two.

    This is not one of those Forex trading books or courses that is going to promise you the moon and tell you that you will own your own private island one week from now. In fact, the Forex basics you will learn have absolutely nothing to do with pie-in-the-sky, get-rich-quick schemes or the ineffective Forex robots you may have tried in the past.

    In this book you will learn the answers to the following questions:

    What is Forex? – Obviously to trade Forex successfully, it will be essential to know about what you are trading. Included is a simple example of a currency exchange followed by examples of Forex symbols and Forex quotes.

    Why Trade Forex? – There are many different markets available for you to trade such as stocks, futures, and Forex. Foreign exchange trading can be extremely lucrative and understanding its many benefits is one of the most important of Forex basics.

    How Do We Make or Lose Money? – Understanding the basics of how you make or lose money in Forex is absolutely essential. Included are some simple, straightforward examples that walk you through the process in an easy-to-follow, step-by-step fashion.

    Also included:

    Technical Analysis Basics – No Forex for beginners guide would be complete without coverage of the most popular types of Forex analysis. Every successful trader analyzes the market to identify those profit opportunities that have the greatest probability for success.

    Introduction to Forex Trading Systems – Every successful trader uses a trading system and you should too. This introduction includes some basic, easy-to-follow examples along with Forex charts to further illustrate important principles. The example trading systems include are based upon the use of Forex indicators as well as Forex price action.

    Risk Control – Risk control is so important that there is a chapter dedicated to it. Lack of risk control is one of the biggest causes of failure for beginning Forex traders. Fortunately, risk can be controlled in order to trade Forex successfully. I've included a number of risk control examples for you complete with charts. The simple fact of the matter is to control your reward in Forex it is absolutely essential to control your risk.

    You Can Read this book on your PC, Mac, Tablet, and even your SmartPhone!

    Download this book now and start to improve your Forex trading today!

    LanguageEnglish
    PublisherCedric Telstine
    Release dateApr 14, 2015
    ISBN9781513009261
    Forex Trading For Beginners: Forex Strategies For Beginning Traders: Forex Trading Success, #2
    Author

    Cedric Telstine

    Cedric Telstine's no-nonsense approach to teaching the art and science of Forex trading has won the hearts and minds of individual traders and financial institutions the world over. Mr. Telstine has the unique ability to take even the most complex subject matter and deliver it so that anyone can understand it. Cedric's approach to trading is anything but theoretical. He draws from his many years of real-world, real-money trading experience and generously shares what works and what doesn't work.

    Read more from Cedric Telstine

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      Book preview

      Forex Trading For Beginners - Cedric Telstine

      Table Of Contents

      Table Of Contents

      Why I Wrote This Book

      Why You Should Read This Book

      Introduction

      What Is Forex?

      Why Trade Forex?

      How Do We Make or Lose Money Trading Forex?

      How To Trade Forex

      Technical Analysis Basics

      Forex Price Charts

      Forex Indicators

      Introduction To Forex Trading Systems

      Risk Control

      Recap

      Conclusion

      The Forex Trading Success Series

      Copyright and Disclaimer

      Why I Wrote This Book

      I was compelled to write this book because I want to help beginning Forex traders get started the right way.

      One of my objectives is to help you avoid some of the foolish mistakes that I made when I first started trading.

      You see, most new Forex traders dive right into Forex trading without being prepared. When I first started trading I was in exactly the same situation. I was extremely enthusiastic, but also extremely unprepared to trade effectively.

      Forex trading can be extremely lucrative if you know what you are doing. As an example of how lucrative the market can be, there are some individuals that have actually become billionaires through trading. This is an example of the profit potential available in trading. While your objective may not be to become a billionaire, it is nice to know that there are those who have achieved that lofty status in trading.

      I had a rocky start with my own personal trading. It seemed like the market was out to get me. Every time I would buy the market would go down. Every time I would sell the market would go up. Needless to say I was extremely discouraged as I saw my account balance plummet.

      Fortunately, I had a good sense to stop what I was doing and go back to the drawing board. When I went back to the drawing board I actually discovered a lot about myself and the reasons that I was trading. As I dug deeper I found out that I was trading for the excitement as well as the status of calling myself a, trader. Well, as it turns out I achieved my objective because I did experience excitement and was able to call myself a, trader. Unfortunately, I wasn't able to call myself a, successful trader at the time.

      Later, I changed my objective for trading. My objective became to make money regardless of the level of excitement or status it provided. I finally decided to learn what to do before I started doing it. My first step was to develop trading strategies that worked. My second step was to develop the discipline to follow those strategies in order to trade successfully.

      If your objective is to become a successful Forex trader, this book will certainly help you get started on the right path.

      Why You Should Read This Book

      There are any number of ways that you can get started in Forex trading. One of the most common ways is to buy Forex trading software the trades for you automatically. This type of software is known as a Forex robot and also referred to as a Forex expert advisor. The good news is that a Forex robot will calculate when to get in and out of trades as well as execute your trades for you. This sounds like the ultimate in hands-free money making doesn't it? Unfortunately, I have yet to see a Forex robot that actually makes money over the long term.

      Another way to get started in Forex trading is to simply open an account and to start trading. This particular type of trading is known as, shoot from the hip trading or hope for the best trading. The good news is it's easy to get started with this type of trading. The bad news is this type of trading has a very low probability of overall success. I can acknowledge the bad news personally as I foolishly started out trading that way.

      Yet another way to get started in Forex trading is to learn from someone who has successfully traded Forex. That is exactly what you can do by reading this book.

      This book will help you to gain a basic understanding of Forex trading. It will also help you to avoid many of the needless mistakes that I made my first started out.

      This book is specifically designed to help you get started on the right path to successful Forex trading.

      Introduction

      An incredible opportunity to profit in the Forex market awaits you. If you've never traded Forex before or have traded Forex unsuccessfully, then Forex Trading for Beginners is for you. Whether

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