Forex, also known as exchange or FX, involves buying and selling different currencies with the aim of earning profits based on fluctuations in the values of these currencies. This essential guidebook empowers you to understand the ins and outs of forex trading, develop winning strategies and identify the indicators necessary for success.
While stock market investments can generate a great deal of profit, the average investor actually loses money over the course of a year. Effective trading requires applying specific strategies and developing a certain mindset. Trading blindly is nothing more than gambling --- and not worth the risk.
The forex market is the largest market in the world. Because it is decentralized and even bigger than the stock exchange market, forex attracts a large number of traders, from beginners to experts. This makes finding a buyer or seller easier than in other trade markets.
Despite the inherent risks that come with any type of trading, Forex offers many advantages, from leverage to fast returns to simple tax rules.
In the past, traders had to go through brokers. Today, advancements in technology enable traders to transact directly using trading platform software and apps.
In this guidebook, David Reese will guide you step-by-step with powerful tactics for accessing the foreign exchange market and its great potential to become a highly lucrative stream of income.
You will learn all about:
The time-tested practices in this book are simple to follow. If you are willing to put forth the effort, with focus and persistence you'll start to see and benefit from the results.
Even if you're a brand-new beginner to forex trading, you can discover confidence and success with the help of the tools and techniques outlined in this book. The information clearly presented here will provide you with the key strategies you need.