Forex for Beginners

Forex for Beginners

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qBacked by a comprehensive list of studies, this book is a brilliant contribution on the connections between exchange rates and€”Francesc Riverola, CEO and Founder of qAdam Kritzer has been covering the forex market for years as a prominent but accessible industry expert. In a market sector full of pitfalls for the novice, this book will help many new traders avoid costly mistakes and get started on the path to€”Andy Hagans, Co-founder of ETF Database qAdam Kritzer is not only one of my favorite forex writers but also one of the best ... This book will likely become required reading for those getting into the forex€”Zachary Storella, Founder of Forex for Beginners: A Comprehensive Guide to Profiting from the Global Currency Markets is a guide for those who want to earn extra income trading currencies without committing large amounts of time or money. This book will introduce global investors to the basics of forex (foreign exchange) trading and provide them with a solid framework for analyzing currencies and profiting from their fluctuations. Topics covered include the forces that cause exchange rates to fluctuate, an overview of the mechanics of trading, analytical and forecasting tools, how to profit from pricing trends, and common pitfalls that often ensnare traders. While most books make grandiose promises of instant success and large profits, Forex for Beginners represents an alternative approach to investing in forex. The forex market is dominated by institutional capital and algorithmic trading, making it unrealistic to think that day traders can beat the market by relying on charts and technical indicators alone. Thus, the emphasis here is on fundamental analysisa€”using economic concepts to spot currency misalignmentsa€”and staking out positions to profit from them over a period of weeks and months. If youa€™re eager to tap into the worlda€™s largest financial market on a part-time basis, this is the book for you. You will gain an understanding of how currency markets work and use this knowledge to generate income. What youa€™ll learn Investors from all countries will: Understand how global currency markets operate and how currencies are exchanged Learn why exchange rates fluctuate, from the standpoint of economics and human psychology Open an account and become fluent in the mechanics of trading foreign exchange Learn how to avoid getting skinned alive by trading professionals and brokers Adapt your personality and financial circumstances to a specific approach to analyzing and trading currencies Avoid pitfalls and limit risk to prevent profit from turning to loss Earn money and have fun trading Who this book is for Forex for Beginners: A Comprehensive Guide to Profiting from the Global Currency Markets is a guide to trading currencies for those with some investing experience but who lack the specific knowledge they need to trade forex. This guide does not promote a get-rich-quick approach, nor is it predicated on overly complex methods. It is geared instead to international investors who want simple-but-effective answers to these simple questions: qWhy do currencies fluctuate?q And, qHow can I profit from those fluctuations?q Most importantly, it is for those who want to generate additional income or pad their savings accounts without sitting in front of their computers and trading for hours on end. Table of ContentsIntroduction Chapter 1: Forex Market: History and Overview Chapter 2: What Are Your Options? Chapter 3: What Makes Currencies Move Chapter 4: Overview of Trading Strategies Chapter 5: Overview of Fundamental Analysis Chapter 6: Overview of Technical Analysis Chapter 7: Advanced Trading Strategies Chapter 8: How to Choose a Broker and Open an Account Chapter 9: Open a Practice Account and Begin Trading Chapter 10: Currency Risk Chapter 11: How to Become a Successful Investor Appendix: Internet Tools for SuccessWave 3, meanwhile, should extend l.6l8% from the bottom of wave 2, and wave 4 (you guessed it) often retraces 38.2% from ... and EWP. v 0.0016 loose: I EUR 1aquot; USD (Dailv)=l--2752 1.48Ar l Chapter 6 | Technical Analysis Fibonacci Analysis.

Title:Forex for Beginners
Author:Adam Kritzer
Publisher:Apress - 2012-08-14


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