Are you considering trading forex or have been trading without making any progress?
This book is a handy guide for beginners who seek to understand how forex trading works and the skills you need to trade forex profitably. This book does not teach you how to trade forex. It shows you what you need to do to become a successful forex trader. Being a successful forex trader is 80% psychology and 20% skill. It involves risk management skills, managing your emotions, and being able to stick to your plan under pressure from fear and greed. It covers topics ranging from - How forex trading works- Different types of brokerage accounts
- Funding your account and leverage
- Forex trading platforms
- Risk management and asset allocation
- Types of brokers and how to choose a forex broker
- Forex transaction costs and spreads
- Technical and fundamental analysis
- Trading styles
- Forex trading strategy and planning
- Forex business plan
- Learning how to trade forex from a school or academy
- Common forex beginner mistakes
- Avoiding common broker and market movers’ antics
- Money management in forex
- Emotional intelligence
- Forex Multilevel marketing schemes