By Cedric Telstine
In this book, Cedric Telstine aims to provide a collection of trading tips that will help new forex traders understand the basics. It is an overview for beginners, covering all the essentials, such as creating a trading plan, using a forex demo account, the differences between day trading and long-term investing, and the basics of money management.
This is the first book in the “Forex Trading Success” series, and, as you would expect with the first book in a series, it introduces readers to the topic, and gives a basic overview of the most important aspects of forex trading. The book addresses new traders, and gives them the background they need to go into this new adventure prepared for both the benefits and the pitfalls.
This is not a how-to trade manual, but rather a look at all the things that new traders need to know about before they even get started. Cedric Telstine discusses the things that investors need to consider, such as choosing software, learning to read charts, how to analyze data, and general strategies that forex traders adopt and why. The book is split into different sections, including forex basics, forex myths and forex demo accounts.
The book is a short, no-fluff guide to what forex trading is and what you need to know to succeed at it. While it is a good general overview for brand-new forex traders, experienced traders will find nothing new here. It is not a book to help those currently trading in foreign currencies to become more successful, but rather a guide to what traders need to know from the start.
Print Length: 60 pages
Publication Date: March 9, 2016
Sold by: Amazon Media EU S.à r.l.