INX Indias 1. Many aspiring traders, simply do not realize that the forex market sits at the heart of the financial world, which when you think about it logically, is really common sense. Vielleicht haben wir schon so etwas wie das, was Sie wollen, und wenn nicht, werden wir es für Sie bauen.
After all, learning is all well and good, but if we are not taught how to apply that knowledge in a practical way, then it is of little use. It is the application of knowledge that empowers, and this is what I have tried to do here, and in my online training rooms, and all my books. There are of course many books about forex trading. What is different about this book, is the focus on those aspects of trading which I believe are fundamental.
After all, there are only two questions we need to answer when considering a position in the market: The book explains everything, from the pure mechanics to the trading methodology that I advocate, and which I have used in all my own trading and investing for over 17 years. Forex For Beginners is also dedicated to all those traders who have asked me to write such an introduction, based on my knowledge and my methodology.
This book is for you. Account Options Sign in. It has been written to lay the foundations and provide the framework for getting started in the world of forex, My library Help Advanced Book Search.
What is the financial risk on this trade? The first is the hardest question to answer, and the book will explain in detail the analysis and approach to use, in order to answer this question with confidence. The second question is more straightforward and is answered provided you have an understanding of risk, money management and position sizing in relation to your trading capital.
Again, this is covered in detail in the book. As the tag line on the front cover says 'What you need to know to get started, and everything in between' which really sums up what you will learn. Clearly they believed as a mere woman, I was incapable of understanding the complexities of the markets. The book leads you by the hand, from explanations of how and why we have a forex market, how it works, and the mechanics of placing trades.
The various analytical approaches are explained in detail, along with understanding the importance of volume and price. From there, the book moves on to explain the concepts of margin and leverage, trading plans, quantifying risk money management, and position sizing. Finally, the book explains key elements of the MT4 platform, and how to place and manage trades. Throughout the book there are hundreds of images and pictures, with simple explanations, to help explain everything clearly, so you will learn fast — and nothing has been left out.
If you want the complete book, from novice to placing your first trade, and everything in between, then this is the book for you! I have been trading equities for a few years and have just started reading about forex. This was the 12th book I read.
It should have been the first! This is the only one so far that has taken the time to run through all details, it TEACHES you about the market, trading, techniques, money management and risk. The others I have read were Strategy books. Only after reading this can I understand what the others were trying to say. If you really are looking to enter Forex trading then you must start with this book. The others have been good too, this one will help you understand what you are reading about in all other books.
I have also read the authors Volume Price Analysis book before this one.