Price: $19.97
(as of Apr 25, 2024 08:49:33 UTC – Details)
There are many books that promise to teach you highly profitable trading systems and show you how easy making money trading the forex really is. This is not one of those books.
Forex For Ambitious Beginners will not turn you into a profitable forex trader, only you can do that, through practice, study and persistence. But it will help you avoid many, many mistakes beginning traders make.
You will learn:
how the forex market workswhich factors influence the dollar, euro, pound, yen, and other important currenciespopular forex trading strategies and how to use them successfullyhow to build your own trading systemhow to use popular technical indicatorshow to read candlestick charts and recognize chart patterns you can trade offhow to protect your trading capital
Forex for Ambitious Beginners is about minimizing risk and maximizing potential, about looking for ways to continuously bend the odds in your favor. It will provide you with a solid foundation on which you can start building your forex trading career.
The book concludes with a challenging quiz, including detailed explanations of the correct answers.
In short, if you’re ambitious and want to really learn how to trade the forex– as opposed to being spoon-fed a fantasy about some super strategy — then Forex for Ambitious Beginners is for you.
Praise from readers:
“I’m a beginner but I read most of the book before I started a practice account and it helped tremendously.” (Thomas Paine, Amazon review)
“…a must have when learning how the foreign exchange works!” (Jamie Sorrell, Amazon review)
“This is a great book for beginners, as it covers the essentials you need to know to get a good foundation in trading.” (Joshua Greenhough, Amazon review)
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About the author
Jelle Peters is the author of the bestseller Forex for Ambitious Beginners, which has been translated into multiple languages. He is also co-author of Crypto Trading for Ambitious Beginners, a bestseller on crypto in the Netherlands that has since been translated in English. Peters has published numerous articles about forex strategies and crypto trading and is a sought after speaker for forex webinars and seminars.
From the Publisher
THE ULTIMATE GUIDE TO FOREX TRADING
Everything you need to know to become a successful forex trader. Includes a detailed explanation of how the forex works, shows you how to use technical analysis, the most popular trading strategies, risk management, and much more. CHALLENGING QUIZ INCLUDED AT THE END.
TECHNICAL ANALYSIS
Technical analysis is the study of past price fluctuations, with the aim of anticipating future price movements. The most effective trading strategies are often based on technical analysis.
In addition to charts, technical analysts use what are known as technical indicators. These are mathematical formulas that focus on a specific aspect of movements, such as the current price of a currency compared with its average price over the last hundred periods.
POPULAR TRADING STRATEGIES
If you trade without a plan, without a strategy, more often than not you’ll find yourself on the wrong side of a trade. Because while no one knows for sure which way the market will move, prices don’t move completely at random either. Trading strategies can help you capture price movements.
There are several popular trading strategies that work very well in forex trading, among them trend trading, range trading, breakout trading and news trading. The book discusses all these and several others.
THE PSYCHOLOGY OF TRADING
The most technical traders tend to say that emotions play no part in the way they trade. And yet, at the end of the day, it’s you who sets the parameters that your fully automated system will obey. What would you do if your system caused you to lose 35% of your trading capital in a very short space of time? What if it suddenly gave you 10 losing trades? Will the changes you make to your system be just as automatic? Or will they be influenced by your emotions, even just a little?
You may be less likely than others to make decisions based on emotion, but ignoring that emotion is a risk factor at all will cost you. This is why the book discusses various ways to protect yourself against your emotions taking over and ruining your positions.
AMBITIOUS BEGINNERS SERIES
Forex for Ambitious Beginners
Crypto Trading for Ambitious Beginners
MORE ABOUT CRYPTO TRADING FOR AMBITIOUS BEGINNERS
Cryptocurrency Trading for Ambitious Beginners is a super practical guide that teaches you how to profitably trade crypto-currencies.
The book includes:
A crash course in cryptocurrenciesHow to find the most promising coinsHow to use the most popular trading strategies to trade crypto profitablyHow to protect your positions against the notorious volatility of the crypto marketAnd much more
Publisher : Odyssea Publishing (June 29, 2012)
Language : English
Paperback : 218 pages
ISBN-10 : 9081082140
ISBN-13 : 978-9081082143
Item Weight : 8.8 ounces
Dimensions : 6 x 0.5 x 9 inches
