Forex trading involves dealing in international currencies. Here, one can sell currency of one country to buy that of another. The trader deals in Foreign Exchange [Forex] at the most appropriate time to profit from the transaction. Good ability to forecast plays a vital role here. One may wonder how Forex trading can be such a lucrative earning opportunity since fluctuations in exchange is so little. But remember, when done in big volumes, a minor change can mean a lot. There are many nonmonetary advantages to it as well. Anyone who wants to deal in Forex can do so, since only the basic knowledge is required for it. Forex can help you earn a lot of money. But there are certain conditions to follow before trading in Forex. Firstly, one must have a thorough knowledge about the trends in the stock market, the basics of trading and risk-taking ability. You will get all the help you need for attaining these conditions very easily.
Table of Contents
What is Forex Trading?….6
Importance of Forex trading….8
Four Main Types of Orders in Forex Market….9
Forex Trading Price Movements-How and Why Markets Move and How to Profit….11
You predict the Forex expense trends….11
The Market obeys Scientific Laws….11
Business Can be made of News….11
Actual Expense Trends….12
Win the Competition….12
Be Imperfect but Never a Loser….12
Forex Traders: The Need to Be Objective….13
Forex Trading Tools….14
The Three Trend line Strategy….14
How to Win with Forex: The Step-by-Step Secrets….16
Success Comes From Within….16
Discipline & Losses….17
A Trading Edge….17
Success is in YOUR Hands….17
Dangers of Getting Emotional About Forex Trade….18
Forex Trading Strategy – Channel Breakout….19
Forex Assassin vs. Forex….21
Power Strategy….21
The Correct Timing in Forex Trading….23
Making Proper Use of Support and Resistance….23
Why Buy Low and Sell High Doesn’t Work….23
It Takes Guts – But It Makes Money….24
The Importance of Real Time Forex Charting….25
Calculating Interest on….26
Forex Trades….26
The Advantages of Automated Forex Trading….28
Choosing the Right Automated Forex Trading Software….30
