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    Forex Trading: 10 Golden Steps and Forex Investing Strategies to Become Profitable Trader in a Matter of Week! Used for Swing Trading, Momentum Trading, Day Trading, Scalping, Options, Stock Market!
    Forex Trading: 10 Golden Steps and Forex Investing Strategies to Become Profitable Trader in a Matter of Week! Used for Swing Trading, Momentum Trading, Day Trading, Scalping, Options, Stock Market!
    Forex Trading: 10 Golden Steps and Forex Investing Strategies to Become Profitable Trader in a Matter of Week! Used for Swing Trading, Momentum Trading, Day Trading, Scalping, Options, Stock Market!
    Ebook154 pages3 hours

    Forex Trading: 10 Golden Steps and Forex Investing Strategies to Become Profitable Trader in a Matter of Week! Used for Swing Trading, Momentum Trading, Day Trading, Scalping, Options, Stock Market!

    By Mark Graham

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    About this ebook

    you stuck in the Rat Race? Do you want to start Trading and live your Best Life? Then this Book is for You!


    Thanks to the incredible strategies presented in this book, you will learn the best and most powerful trading strategies to create abundance in your life. You see, most people go through their day exchanging their time for money and having a miserable life which they are cannot change.


    But you are different. The fact that you are looking for practical solutions to your financial problems means that you are on the right path to success and this book will make sure that you get real results very fast. Thousands of students have achieved their goals by mastering the must-see trading strategies and techniques presented in the book, which go into the little details that can make or break your trading while providing actionable steps.


    ☆☆Here is what you will learn☆☆


    right mindset to achieve and live the trader's lifestyle;to trade Forex like a pro;to analyse charts with technical analysis and foundamental analysis;to reach 10k a month in profit from Forex;to manage your capital and risk;power of compound interest;to leverage your position with margin trading;more!


    Every chapter goes into actionable steps that will allow you to set up your first trading account and be profitable from the start.


    ​​​​​​​What are you waiting for? Don't wait any longer! Scroll up and click the buy now button to begin the journey to the life of your dreams!

    LanguageEnglish
    PublisherTony Bennis
    Release dateApr 10, 2019
    Forex Trading: 10 Golden Steps and Forex Investing Strategies to Become Profitable Trader in a Matter of Week! Used for Swing Trading, Momentum Trading, Day Trading, Scalping, Options, Stock Market!
    Author

    Mark Graham

    Mark Graham is a professor in the Art Department at Brigham Young University. Graham is an internationally known illustrator. His research interests include teacher education, place-based education, graphic novels, ecological/holistic education, secondary art education, design thinking, STEAM education, and Himalayan art and culture. Contact: 3116-B JKB, Brigham Young University, Provo, UT 84602, USA.

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      Book preview

      Forex Trading - Mark Graham

      Conclusion

      Introduction

      CONGRATULATIONS ON downloading Forex Trading and thank you for doing so.

      The following chapters will discuss every aspect of forex trading and investing that you need to know so that you can start trading efficiently. In particular, we will give you the tips and strategies that will help you to reach the goal of $10,000 per month from trading.

      Obviously, we are not responsible for any monetary loss you may suffer after reading this book, as it wants to be a general beginner’s guide and does not pretend to substitute the years of study requested to become a successful trader.

      There are plenty of books on this subject on the market, so thanks again for choosing this one! Every effort was made to ensure it is full of as much useful information as possible. Please enjoy!

      Chapter 1: Introduction to the Forex Market

      EVERYONE OR ALMOST everyone has already heard of the forex exchange or its most popular assets, such as the MIB 30 and other indexes or shares of major global currencies.

      But few among the non-professionals really know the meaning of these often-technical terms and that they are (wrongly) considered reserved for the most aggressive traders.

      In fact, the Exchange is a market accessible to everyone, whether through banking products, such as securities accounts or accumulation plans or through an online trading platform.

      A Brief Description of the Forex Market

      Contrary to what one might think, the history of the forex exchange is quite old, even though its concept has largely evolved over time. Indeed, the forex exchange made its appearance in the fourteenth century in Brussels, Belgium.

      Today, even if the forex market is always a place of exchange, it is first and foremost an immense market in which financial securities are exchanged. These financial securities may relate to the shares of large companies, bonds, currencies, or even commodities such as gold or oil.

      However, in this case, it is not a matter of exchanging physical products or merchandise, but only of securities that represent a certain evolutionary value.

      General Operation of the Forex Market

      Currency pairs could therefore be defined as a market in which buyers and sellers meet. But unlike the traditional market, it is not the sellers who decide the price of their securities but the buyers.

      It is then the order book that accounts for the prices decided in this way.

      Ultimately, the more the securities of a forex market are required by the buyers, the higher the price goes up. On the contrary, when demand is weaker, their price falls.

      The forex market on which securities can be traded is also called the primary market. It is therefore on this market that currencies can issue what are called tokens that are then bought by investors, private individuals, or professionals.

      Thanks to these purchases of securities, brokers can obtain the money necessary to make investments.

      But the tokens are not the only assets traded on this market since there can also be bonds or financial securities.

      Investors' interest is speculative given that they buy a security at a price considered lower than the price that could subsequently reach for a gain or receive what are called dividends according to the economic performance of the issuing company of these securities becoming shareholders .

      A Market with International Reach

      Thanks to this system of securities and the advent of new technologies, the forex market has strongly developed on an international scale. Today, there are almost as many forex exchanges as there are capitalist countries, although in most cases, this market is virtual and does not include physical trading rooms, the latter replaced by complex computer networks.

      To better understand the importance of the forex exchange, know that in the single financial center of New York, billions of dollars are exchanged every day.

      Trading Times on the Forex Market

      Maybe you do not know it, but trading on the forex exchange offers the possibility of dealing online continuously or 24 hours a day, thanks to the overlapping of the opening hours of the different international forex markets. In fact, the world's big financial centers are eight and their trading hours are listed in three major sessions: the Asian session, the European session, and the North American session.

      But we must also take into account the legal and solar hours that are not the same depending on the time zone. Let's take a look at the most influential time zones for the forex market.

      The Asian session

      At the beginning of the week, the Asian session is the first one to open. This session includes the forex exchange centers of Japan, China, Australia, New Zealand, and Russia as well as other smaller centers. Asian assets and currency pairs including currencies of these countries are therefore the most volatile in these times. The same applies to economic publications.

      THE TRADING HOURS OF the Asian session are as follows:

      Opening hours of the Asian market: at 4 in summer and 3 in winter

      Closing time of the Asian market: at 8 in summer and 7 in winter

      The European session:

      The European session is obviously the most interesting for European investors. It is the second to open after the Asian session and also regroups several major forex exchanges including Italy, France, Germany, Switzerland, or the United Kingdom. It should be noted that London's financial center is the largest in the world and more than 30% of financial transactions are carried out in this center every day. Trading volumes are therefore very high during the European session and therefore involve extremely volatile and interesting movements in terms of trading.

      The trading hours of the European session are as follows:

      European market opening hours: 12:00 in the summer and 12:00 in the winter

      Closing time of the European market: at 16 in summer and at 17 in winter

      THE NORTH AMERICAN session:

      Finally comes the North American session, which is therefore the last to open and close the market cycle. Obviously, this session is also one of the most followed by traders all over the world because it is during this period that US assets are traded. This session includes the financial markets of the United States but also of Canada, Mexico, and the countries of South America. It is on the forex market in New York that the volatility is higher at this time of day.

      The trading hours of the North American session are as follows:

      Opening time of the North American market: at 17 in summer and at 17 in winter

      Closing time of the North American market: at 21 in summer and at 22 in winter

      History and General Knowledge

      The forex exchange is the market where sellers and buyers can trade values, foreign currencies, services, and goods. The forex exchange thus becomes an important place to put companies in touch, looking for resources to support their production and investors.

      Already in the Middle Ages, the scholarship gathered merchants and notaries who dedicated themselves to mercantile and financial activities.

      In the twelfth century, Venice became the main Italian square; here were introduced some innovations later adopted by other cities such as the negotiation of the public debt and the turn of the bill.

      Bruges, in West Flanders, is the first European city to have a physical place for exchange, where the sale takes place according to new forex exchange rules.

      We can distinguish two types of market based on the services and products exchanged:

      the forex exchange;

      the commodities exchange.

      The forex exchange is the market in which financial instruments already in circulation are exchanged, such as bonds, shares, futures, warrants, etc. As a consequence, the forex exchange is a secondary market (in the primary markets, investors buy the goods as soon as they reach the market).

      In the commodities exchange, the sale involves goods of different types, placed in appropriate warehouses. Here, buyers and sellers can exchange the deposit policies, which guarantee the presence of the goods and the right of withdrawal.

      The sale and purchase of outstanding securities are regulated by precise rules. Once the system of the on-call auction was over, where the agents exchanged paper documents, the market takes place via an electronic circuit where it is also possible to exchange government bonds and bonds.

      Among the main types of shares, we distinguish the ordinary ones, as they assign precise administrative and financial rights to the holder (right to vote in the meetings, to request assembly, liquidation, option, etc.).

      Preferred currencies guarantee special property rights to the owners. In the event of dissolution of the currency, for example, privileges are granted in the distribution of profits (as provided for

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