Forex Trading Simple Strategies: All You Need to Know to Start Trading Forex and Learn Successful Strategies With a Quick Daily Routine for Beginners (Paperback) (ISBN-13: 9781686941504)

Then this book is for you.

If you've developed an interest in trading, whether its stocks, options, bonds, or precious metals, there is no doubt that you have heard a lot of about Forex. And there is also little doubt that you've probably been inundated by a lot of hype. When you hear so much hype, it's hard to tell what's real and what's not. Even worse, many people aren't quite sure what Forex is all about, or how to win at Forex trading.

In this book, we are going to carefully explain Forex from the ground up. You will learn how Forex developed and what is traded and how to read price quotes. Then we'll explain the different trading levels, margin accounts, and leverage. From there, we'll go into a detailed discussion of trading styles and the top strategies used by Forex traders to put the odds of profit in their favor.

In this book, you are going to learn:

• What Forex is, and how it's evolved into a market accessible to the general public.
• How much money you need to get started. You'll be surprised to learn that you can begin trading on Forex with small amounts of money.
• The concept of leverage and margin accounts, and how that will let you trade up to 50 times the buying power than you have with your own cash.
• How to read currency pairs and understand what they mean.
• Pips are explained in detail, using easy to understand explanations framed in plain English.
• Learn about trading lot sizes, and how many pips are associated with each.
• Easily develop the dexterity you need to convert from pips to dollars and back again, so that you'll know immediately how much you stand to gain or lose on any given trade.
• Find out how much currency you can control and how much money you actually need to do it.
• Learn how to make profits like a pro.
• We'll discuss the main trading styles, and you can think about which one will work best for your situation.
• The top strategies used by Forex traders are discussed in detail.
• Get a handle on charts and trendlines.
• Learn all the signals that candlesticks give indicating trend reversals.
• Discover the best way to set up a trading plan, to ensure that you can slowly, sustainably, and consistently start building up profits, so that at some point you can become a full-time Forex trader.
• Get a handle on the top reasons people fail to make money as a Forex trader.
• The secrets to a solid trading plan are revealed.
• Learn about demo accounts, and why you should practice on them first.

Simply put, this is a Forex book that is going to teach you how to become a Forex trader from the ground up.