Forex for Beginners: A proven step by step strategies for makng money in forex trading
By Mark Smith
4.5/5
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About this ebook
Use the powerful techniques in this book to start making money in Forex Trading now!
Forex Trading is one of the best ways to make money from the comfort of your own home, either as a full time entrepreneur or as a part time enthusiast. With around 5.3 TRILLION$ being traded in currency every day, the sky's the limit when it comes to potential earnings.
This book contains the proven steps and strategies on the workings of the Forex markets, the basic terminology involved, and ways and methods that you need to make money in Forex trading.
All you need to start Forex Trading is a computer, an internet connection and the information contained in these pages.
Forex for Beginners will teach you everything you will need to know about:
- What is Forex and what are Forex Markets?
- How did the Forex begin?
- What is forex trading? Why is it so popular?
- Jargon in Forex Trading
- Order Types
- Concept of buying and selling in forex trading
- Long and short selling
- How to Calculate Your Profits and Losses?
- Forex Trading Plans
- Common Mistakes and How to Avoid Them
- AND MUCH MORE...
Once you have mastered the techniques of Forex Trading, there is NO LIMIT to the amount of money you can make. All you need is patience to succeed and this book.
Don't hang around waiting for the next big opportunity. It's already here. Start Forex Trading today and start making money the clever way. Forex for Beginners is your starting point to a wealthier future.
Mark Smith
Hi! I'm Mark. 43, Married and father of three. I'm not an author, but I play one on Smashwords. And yes- Hawk is my real middle name given at birth.
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Book preview
Forex for Beginners - Mark Smith
Conclusion
Introduction
I want to thank you and congratulate you for purchasing the book, Forex for Beginners: Proven Step-by-Step Strategies for Making Money in Forex Trading
.
This book contains proven steps and strategies on the workings of the forex markets, the basic terminology involved, and ways and methods to make money in forex trading. Let’s start at the very beginning.
What is Forex and what are Forex Markets?
Forex, or foreign exchange, deals with currencies of various countries. Forex markets are platforms wherein banks, governments, businesses, traders, and investors meet to buy and sell foreign exchange or forex for short. Forex markets are open for business 5 days a week and 24 hours a day. Important forex markets are located in New York, London, Zurich, Tokyo, Hong Kong, Frankfurt, Sydney, Singapore, and Paris.
How did the Forex begin?
Back in 1876, the gold standard system was set up which made it mandatory for all nations to back their currencies with solid gold. This meant that the value of the currency was directly linked to that of gold. This system was called Bretton Woods monetary system.
In 1971, the United States of America stopped using this system and adopted fiat money instead. In fiat money
system, the government declared the currency as legal tender and it does not need the backing of physical gold or silver. The value of the currency is arrived at by the relationship between the demand and supply of the