Forex trading for beginners can be especially tough. This is mostly due to unrealistic expectations that are common among newcomers. What you need to know is that currency trading is by no means a get-rich-quick scheme. In this book, you will receive a guide to the Forex market, how it works, and key terminology, along with the benefits of trading different currencies.

A streamlined and highly effective approach to trading without indicators Most forex traders rely on technical analysis books written for stock, futures, and option traders. However, long before computers and calculators, traders were trading naked. Naked trading is the simplest (and oldest) trading method. It's simply trading without technical indicators, and that is exactly what this book is about. Traders who use standard technical indicators focus on the indicators. Traders using naked trading techniques focus on the price chart. Naked trading is a simple and superior way to trade and is suited to those traders looking to quickly achieve expertise with a trading method. Offers a simpler way for traders to make effective decisions using the price chart Based on coauthor Walter Peters method of trading and managing money almost exclusively without indicators Coauthor Alexander Nekritin is the CEO and President of TradersChoiceFX, one of the largest Forex introducing brokers in the world Naked Forex teaches traders how to profit the simple naked way!

50 Pips A Day Forex Strategy Start making consistent profits in the forex market. This is a very clear and simple to follow forex trading strategy to get you started achieving consistent profits day after day trading the forex market. It will make you 50 pips per day or more every day. It is ideal for beginner traders but it will give a great deal of help to more experienced traders that have not found a clear strategy to make profits consistenly. Components Support and Resistance Candlesticks Moving Average Time frame - 4 hours chart It is easy to understand and to put in practice. It has very well defined entry, stop loss and exit levels. Apart from the strategy, this book also contains a very useful guide that teaches you how to construct a profitable forex trading system for yourself and how to avoid trading and money management mistakes. How to Build a Solid Trading System Are you new to forex trading or just started to trade on a live account but with not much success ? You need a solid forex trading system based on sound principles of the forex market, that has clear trading and money management rules. Do you have a forex trading system and you have been trading with it for a period of time but still you don't have the success you hoped for ? This can only mean that your trading system does not take into account the basic trading rules and principles that any powerful forex trading system incorporates. This book teaches you how to construct your own powerful forex trading system, what are the most important forex trading tools that you must include in it, what not to include in your forex trading system, how to apply solid money management rules and equaly important, how to avoid making trading mistakes that will cost you when you start to trade with your newly developed forex system.

Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.

Your plain-English guide to currency trading Currency Trading For Dummies is a hands-on, user-friendly guide that explains how the foreign exchange (ForEx) market works and how you can become a part of it. Currency trading has many benefits, but it also has fast-changing financial-trading avenues. ForEx markets are always moving. So how do you keep up? With this new edition of Currency Trading For Dummies, you'll get the expert guidance you've come to know and expect from the trusted For Dummies brand—now updated with the latest information on the topic. Inside, you'll find an easy-to-follow introduction to the global/ForEx market that explains its size, scope, and players; a look at the major economic drivers that influence currency values; and the lowdown on how to interpret data and events like a pro. Plus, you'll discover different types of trading styles and make a concrete strategy and game plan before you act on anything. Covers currency trading conventions and tools Provides an insider's look at key characteristics of successful currency traders Explains why it's important to be organized and prepared Offers guidance on trading pitfalls to avoid and risk management rules to live by Whether you're just getting started out in the foreign exchange market or an experienced trader looking to diversify your portfolio, Currency Trading For Dummies sets you up for trading success.

Coming from a family of investors and graduating with a finance degree from Singapore, I've read tons of books on trading and also spent over $60,000 just to learn about the financial markets. Applying what I've learned over the years, I've managed to clinch the #1 grand prize at a Singapore nationwide forex trading championship. Since I have a finance background, I want to write a book from a professional trader's perspective rather than a retail trader's perspective. Most retail traders focus too much on technical analysis. However, this is not a sufficient trading tool if one wants to succeed as a trader. A lot of the educational content that you see online is also too focused on technical analysis alone. This is a tool that you'll need as a currency trader, but it is not the most important tool. In fact, bank traders and hedge fund traders don't even use a lot of indicators. Their charts are often very clean since they are using other tools to analyse the markets. To become a successful forex trader, you'll need to have the whole package. That is why in this currency trading book, I'll teach you the various tools you'll need to succeed as a forex trader. You'll learn: Basic terms and principles of currency trading Fundamental analysis (economic indicators, central banks, monetary policies, currency fundamentals) Sentiment analysis (high yield and low yield currencies, fear index) Introduction to Brokers (types, criteria for picking, action plan) Price action strategies (candlestick patterns, support & resistance, trendlines, moving averages, and momentum indicators) Risk management tools and application Trading psychology hacks Trading plan (template included) Trading journal (template included) How to sustain your trading business BONUS: Useful websites for traders So much more...... Add these tools to your trading plan and you'll be able to increase the probability of your trades. Most forex traders trade in a bubble relying too much on indicators alone, that is why they lose. Most retail forex traders also do not bother to look at other markets and use the power of correlations to their advantage. I'll share with you in this currency trading book on how you can conduct intermarket analysis as well. Experienced currency traders can also pick up some new trading hacks or even use this book as a refresher. Non-trading professionals will also be able to learn how the various economic indicators can affect their lives and the overall economy. At the end of this trading book, I'll share with you tips and tricks on how you can sustain your trading account and trading business. This is so that you can last long term as a currency trader since most traders quit just after a few months. At the end of the day, it is your decision whether you wanna buy this book or not. If you don't want to spend money on a forex trading book, then you can always head to my Youtube channel (Karen Foo) for free courses. You decide. Happy learning!

Forex seems to be the rave of the moment. The incorporation of network marketing into forex training business means forex trading is being presented to more people than ever before. Technology has democratized forex, hence with a small deposit, anyone can take their own share of the over $5.6Trillion and growing market. All you need do is learn a few tricks and use trade signals sent by experts and you are in business. Anybody can do it. Even housewives are making more money than some professional traders. What are you waiting for? Since you can make money by recruiting or referring others, many who have not much idea what they are talking about are busy recruiting others to earn commissions. The focus has shifted from learning to becoming successful traders to earning a fat residual income through recruiting others. Some so recruited lose money, get frustrated and give up. You have a situation whereby many drop out while new recruits take their place, like a revolving door. Many are trying to achieve in weeks what takes months and years to achieve. Some disgruntled recruits have labelled forex trading a scam or gambling.While it is very true that ordinary people are making a lot of money in forex, there is a price to pay. There is no shortcut to sustainable success. If you don't know what you are doing, you are a gambler, pure and simple. Even in a situation where you get trade signals from experts, you need to do your own validation before entering a trade rather than follow blindly. The experts are not infallible. Trading forex is definitely not for everyone. Technically, anyone can do it, even 9-year-olds. The reality is that few will actually pay the price necessary to succeed on a sustainable basis. It is like becoming rich. Everybody can be rich but only a few will. It is the work required that separates everyone to let through the few who will. Forex is not a get rich quick scheme. It is not the latest investment in town. It dates back to the days of trade by barter. The fact that you are just getting to know about it does not mean it is a new investment scheme. Forex trading has been on before you were born and will be long after you are gone. You are hearing about it because the barrier has been lowered by technology. The amount needed to trade hitherto was beyond the reach of the poor and middle class. Now you can trade with a little amount of money from your phone using a broker half a world away.This book is not about how to trade forex. There are tons of books on that subject written by competent professional traders. Having traded forex for more than 6 months, I have a thing or two to share with those who may be considering trading forex or have been trading for a couple of months. The potential high rate of returns in forex trading can play to your greed, making you forget the fact that leverage is a two-edged sword.The money you put down to trade forex is just a deposit. The actual amount you put in the market comes from a financial institution offering you a margin loan via your broker. You are actually borrowing to trade. That is why you can make so much money with a small account balance. It is the same reason why you can also lose it all if you don't protect yourself through proper risk management. You can make money in forex; lots of it. However, it will not happen overnight. You have to invest in learning how it works and how to become a good trader. You will need to read a lot of books, listen to tapes, watch videos etc. to gain competence.Beyond competence, you need to have a solid risk management plan in place and develop self-control to rein in fear and greed. If a proper risk management plan and required emotional intelligence are not in place, you can lose all the money you made. The market gives, the market takes. So you want to trade forex? You need to do your own due diligence first. This book will help point you in the right direction