CFDs: Forex: Beginners Guide – Proven Steps and Strategies to Make Money in Forex Trading
By Mark Smith
With a focus on proven steps that work, Mark Smith aims to show in his book that anyone who wants to find success in forex trading can do it with the right strategies. With a clear and concise checklist, this collection may be ideal for any beginner needing a resource on terminology, strategy and a guided walkthrough.
Looking to cement his position as author of a sought-after beginners’ guide to forex trading, Mark Smith uses his book to suggest that the key to finding success in forex trading is to master the critical steps and follow his strategies.
Beginning with the real basics, Smith dives into exactly what forex is and what those new to trading this asset can expect from the very start. He then moves on to its origins and why exactly it proves to be so popular all over the world.
After introducing his readers to the kinds of jargon they can expect and a list of key terms to work with, he moves on to order types and how buying and selling currency pairs works in the marketplace.
With a comprehensive coverage of both long- and short-selling, Smith then educates his readers on how to measure profits and losses and to begin to learn when to cash out to secure the best deal on offer at any moment.
Smith then proceeds to discuss trading plans to cement the learning of trading outcomes and to show how to apply these strategies to as many situations as possible. He then finishes with an analysis of the most common pitfalls that befall many traders and how to avoid them.
For an entry-level book, newcomers to forex trading could do much worse than reading this before making initial investments.
Length: 30 pages
Publisher: CreateSpace Independent Publishing Platform
Publication Date: 11 August 2016