It is certain that , you can make money with currency (Forex) trading. In fact, you can make thousands of dollars per month or even per day. However, you can also "lose your shirt" in forex market. This is a fact, and you should know this if you haven't already learned this the hard way. This is the reason why you should start slow and trade with someone who you can trust, and at least, why should follow the market with a trustworthy forex market analysis program.
Forex market and forex trading is risky and only those who know how to do it, can be profitable. But don't think that you cannot become a good trader. In fact, in comparison to other businesses, forex trading is one of the best and easiest businesses in the world. Really, it is! Here is the first secret I will share with you: the simpler you keep your trading strategy, the more profitable you will be. In fact, there will become a time when each additional indicator you put on your chart will cost you.
Maybe you already tried to make money through currency trading, but you have not been successful. You may even have lost some or a lot of money. You have tried several forex signal providing services, forex market analysis programs, auto-traders, expert advisors and robots, training courses, DVDs, e-books, seminars and webinars, different systems and strategies, indicators...but you still lose as a trader.
The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader (Wiley Trading)
The Forex Trading Course is a practical, hands-on guide to mastering currency trading. This book is designed to build an aspiring trader's knowledge base in a step-by-step manner-with each major section followed by a thorough question-and-answer section to ensure mastery of the material. Written in a straightforward and accessible style, The Forex Trading Course outlines a practical way to integrate fundamental and technical analysis to identify high probability patterns and trades; and reveals how to develop a trading plan and appropriate strategies for different size trading accounts; how to control emotions and use emotional intelligence to improve trading performance; and much more. Filled with in-depth insight and practical advice, The Forex Trading Course will prepare readers for the realities of currency trading, and help them evolve and achieve success in this dynamic market.
Abe Cofnas (Orlando, FL) has been the forex trading columnist for Futures magazine since 2001. He formed Learn4x.com-one of the first Web-based interactive training sites devoted to forex trading in 2001 as well.From the Back Cover "In addition to satisfying those with a healthy obsession to work on improving their professional skills, The Forex Trading Course will force readers to think outside the box and to develop an appetite for the pursuit of knowledge about trading." --From the Foreword by Dr. Steve H. Hanke, Professor of Applied Economics Johns Hopkins University
"Abe Cofnas puts his outstanding credentials to work as he shares with readers a solid educational program in The Forex Trading Course. He delivers a straightforward explanation of the fundamentals that drive FX markets. He gives a detailed description of vital technical analysis tactics, including what set-ups to look for, trend line breaks, Fibonacci analysis, and my favorite, pivot point analysis. He ties it all together to teach traders various trading styles, from a scalper to a position trader, who want to capture longer-term trends for maximum profits. His strategies on stop-loss placement and profit targets are mandatory components that all traders will benefit from . . . immensely. Study this book. Read it and practice these principles. This book delivers the steps to success for all serious FX traders.
"I believe The Forex Trading Course is the best single resource available if you are serious about learning how to be successful in the forex market, whether you are a short-term trader or a long-term speculator. In this book, Abe Cofnas does what few can, he fuses together the key fundamental and technical analysis tools into an understandable framework that will allow you to develop and apply a comprehensive forex trading methodology that works over time. And as most real-life traders will tell you, that's the best you can do."
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