Synopsis:
This the fourth book in the Stock Market Investing series and focuses on forex trading for brand new foreign currency traders. As you would expect from a beginners guide, it gives a definition and an overview, explains the terminology used in forex trading and describes how to put together a plan for getting started with trading currencies.
Review:
This book is aimed at new forex traders, but the author does assume some basic knowledge of finance and investing. While readers with no investing experience whatsoever will still understand and benefit from this book, it seems to be aimed more at private and hobby investors who are considering forex trading for the first time. It contains a complete breakdown of the forex process, with relevant history, information on currency pairs and advice about basic strategies.
The author takes a balanced and realistic approach, which is vital when addressing new and prospective forex traders. There is a clear section of the pros and cons of forex trading and a summary of the traits of those people most suited to the industry. The author explains and recommends demo accounts, which is almost always the best way for new traders to decide if this opportunity is really for them.
Topics covered in the book include basic forex trading strategies, risk and money management in forex trading and entry and exit strategies for forex traders. While this is a basic guide, it covers all the essentials in a clear way and is a useful starting point for private investors who are interested in finding out more about forex trading opportunities.
Details:
ISBN-10: 1537678086
ISBN-13: 978-1537678085
ASIN: B01LWZC08Z
Format: Kindle & Paperback
Length: 77 pages
Sold By: Amazon Digital Services LLC
Publication Date: September 23, 2016
Language: English
