Forex Trading for Beginners: The Complete Guide to Creating a Passive Income and Becoming a Currency Trader with Forex Market. Techniques and Strat
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Do you dream of making it big in the financial world?
Lately, have you been getting messages that you can get rich in forex without investing much?
Did you know that brokers can give as much as 500 times leverage in forex in some countries?
Did you know that there is no commission or brokerage in the forex?
Did you also know that you can execute hundreds of trades within a day in forex without any restriction?
If you have been getting such questions in your mind and you are getting pushed to open a low capital forex account, this book is a must-read for you.
None of the claims mentioned in the questions above are incorrect, but they may not stand true in most of the cases and you can fall in a bottomless pit.
This is correct that you can get rich trading forex, but you can get rich trading bananas for that matter. There is no get rich quick remedy in this world. The best way to get rich is the good old way of working your way up step-by-step.
It is absolutely correct that there are some countries in which brokers can give up to 500 times leverage to traders. However, it is not correct for the US as here the capping is of 50 times. Even a 50 times leverage is a trap you wouldn't like to fall in. This book will prove to be a great help in avoiding this trap.
Brokerages and commissions are not charged as a separate fee in forex. However, that doesn't mean that you can simply buy currency at a price and sell it as soon as it rises just a little.
There will be a spread that you'll need to cover before you can start making any profit. It is a trap in which many beginners fall when they begin trading and end up losing a lot of money.
Most people keep blaming the broker for cheating while they fail to understand the mechanics of the spread. This book will help you in understanding it clearly.
It is a fact that there are several strategies in forex that can help you in earning profit by making trades with thin margins. However, you will need a solid trading strategy to do that. This book can help you in understanding the scalping strategy and how you can earn money through it.
In this Book, You will find:
- Understanding of the forex market
- The possibilities in the market
- Importance of demo trading for new forex trader
- Detailed understanding of demo trading
- Understanding of currency pair
- Explanation of major currency pairs
- A detailed explanation of currency quotes
- Thorough learning about the concepts like pips, spreads, leverage and lot sizes
- Description of various order types in forex trading
- In-depth analysis of the forces that drive the forex market
- Importance of fundamental analysis
- Important parts of fundamental analysis
- Importance of technical analysis
- Various parts of technical analysis
- Various trading styles that can be adopted
- Trading strategies that can help
- Importance of risk management in forex
- Focus on keeping risk management as your priority
- Introduction of the MT4 trading platform
- Step by step understanding of placing orders, modifying and executing trades
- In-depth focus on concepts that can help in preventing your loss in the forex market
If you are looking for a fun and exciting way to trade in Forex, download this book today and get started
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