Tài liệu Currency Trading Basics Everything you need to start profitable trading today pdf

Currency Trading Basics

Everything you need to start profitable trading today

Published by Dean Watt at Smashwords

Copyright 2013 Dean Watt

Smashword Edition License Notes

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Table of contents

Learn forex trading

What is a currency pair?

Forex pips explained - What is a pip?

Forex Lots Explained - What is a lot?

Leverage

Forex margin explained - What is forex margin?

What is the risk of ruin?

Forex Money Management is the traders friend

Want to learn how to become an auto forex trader ?

About The Author

Learn forex trading

Trading the foreign exchange market is a great way to make extra

income. However to be able to earn consistent profits takes time,

dedication and effort. The only way we can become profitable is

through learning.

When we take the time to learn we begin to understand how we can

make money from the forex market. As we learn we are developing

essential skills that will make us money for life.

Why learning and experience matters

When we are starting out on our journey to trading success. We do not

understand the trials and pitfalls that lay ahead. We believe that

making money from the markets is easy. All we need to do is follow a

technique or an indicator and watch the profits flow.

The reality is very different. Instead of making profits we lose money.

We keep losing money until we have learned enough skills to become

successful.

Only by trading and learning and learning and trading do we gain the

understanding to become profitable. How do I know? Well I have been

on this path too. I have dedicated myself for years to learning and

improving. I have gained the skill and knowledge to become

consistently profitable in the forex market.

Along the way I have learned that there is more than 1 way to make

money in forex. We are all unique and we have to find a way to trade

that works for us. Here I share my knowledge on all aspects of making

money from the foreign exchange market.

The basics – The foundations of success

One of the most important lessons I can give you is to learn your

basics. When we understand these basic building blocks we have the

knowledge that underpins all of our future forex trading and

knowledge.

The forex basics are:

• Pips

• Lots

• Leverage

• Margin

You will learn about these subjects in this e-book and this will give you

the back ground knowledge you need. By learning these basics you

have given yourself a great foundation for your future trading.

These four topics tell us:

• What profits can be expected per pip

• The basis of risk control and over-trading

• Teaches you how to maximize your profits with broker leverage

while minimizing risk

• How our brokers lend us money to trade and how this effects our

trading

Learning about advanced forex concepts

Now that we understand the building blocks we can move on to more

advanced skills and concepts. This is where we can start to learn the

how to make money and develop the skills to keep it.

The core advanced concepts are

• Money management

• Risk of ruin

Be a better trader with money management

On our road to successful trading we eventually discover the

importance of money management. Every trader must learn this skill to

be successful. However money management is normally learned the

hard way. After we have lost thousands of dollars and years of struggle

trying to be profitable

Once we understand the power of these two concepts our trading will

never be the same again. Money management turns us into a

professional trader and using money management means we have

taken a giant step towards profitability.

My 15 minute forex investing system is available to you for free on my

website. It has all the tools you need to start making money in forex. It

is a complete money management system and can be used by all

traders to help control our risk and boost our profits.

This gives us a professional way of managing our money.

Follow a professional for accelerated results

One way we can accelerate our profits and short cut our learning is by

following a professional trader. As we know knowledge and

profitability takes time to learn. It takes on average 3 years of hard

work for a trader to become consistent enough to make money.

Most people trade forex because they want to make money but most

fail in the first year. By following a professional we can start making

money because a professional has found their own way of trading, they

have learned the skills and persevered and become profitable.

To follow a professional trader their trading account is linked to our

trading account via the internet. When they trade we trade and this

gives us an automatic way of making money.

How I make my money from the forex market

We have talked about finding our own way of earning profits from the

forex market. The way I make my money is by being a money manager

and I use an investment approach. I use my professional money

management strategy and combine it with professional signal

providers.