Profitable Forex Trading Using High and Low Risk Strategies - Book 1, #4

Name: Profitable Forex Trading Using High and Low Risk Strategies
Price: 9.49 EUR
Author: Jim Brown
ISBN: 9798224332120

Edition en anglais

Jim Brown

Virtued Press
Paru le : 29/03/2024

In this book, I will go over my thoughts on Forex trading and how the markets have evolved over the years, including some basic knowledge on what affects... > Lire la suite

9,49 €

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In this book, I will go over my thoughts on Forex trading and how the markets have evolved over the years, including some basic knowledge on what affects the markets. My aim of the book is to get you to think a little differently on your approach to trading. The majority of traders fail at trading successfully long term, so I will present you with many ways and techniques on how to approach the FX market a little differently.
This book is primarily written for intermediate/experienced Forex traders, where you should have at least an intermediate understanding of how the Forex market works and understand basic trading terminology. The book is not limited to Forex trading, as these trading methods can be used on any trading instrument's price chart e.g. Stocks, Futures, Metals, Commodities, Metals, Indices, or Crypto. Also, please note that this book also covers some higher-risk trading strategies that may not be suitable for all traders.
By this, I mean there is mention of trading without stop losses, high leverage accounts, multiple trades on the same Forex pair/s at the same time, which may include trades in opposite directions at the same time (hedging), and a variation of martingale trade management techniques. Some may not be comfortable with this, or they may reside in a jurisdiction that doesn't allow this type of trading. But having said all that, I will also show the same trading setups using the more traditional lower-risk style of trading, so please don't be put off by the mention of higher-risk trading as I do cater for all levels of risk.
As a part of a download package that accompanies this book, you will be provided with custom indicators for MT4 and MT5, as well as some templates for those platforms. You will also be provided the same indicators (scripts) for TradingView, but be aware that TradingView's Basic (free) plan only allows a maximum of two (2) indicators per chart, so you would have to at least subscribe to their Essential plan to get the full benefit from this book as that plan allows a maximum of five (5) indicators per chart.
I wish you the best of luck with your trading journey. Jim

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Date de parution : 29/03/2024
Editeur : Virtued Press
Collection : Book 1
ISBN : 8224332120
EAN : 9798224332120
Format : ePub

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Biographie de Jim Brown

I became interested in the Forex markets in 2002 after attending a stock trading meeting at a private residence. One guy announced that he had made a killing by trading the Yen against the US dollar. Who knew that the individual on the street could even trade currencies? Up until then, it was only the banks or wealthy individuals with access to this type of trading. A whole new industry was born. At first there weren't many reputable brokers around, their platforms were unreliable, spreads were huge and the internet was dial up.
Forums popped up and 'trading gurus' appeared. There was money to be made by those who were were smart at the time, either by straddling the news releases or exploiting the carry trade. But brokers also got smarter and either shut these advantages down or created trading conditions that made it difficult to profit from. My problem was, I listened to too many so called 'gurus' and got caught up in all the hype.
Always thinking they were smarter than me as their systems were complex, and therefore must be better than anything I could come up with. So for a few years, I bounced around different systems, blowing accounts and giving back profits I had managed to make. There were good times and bad times, but I never gave up. I soon realized that some of the 'gurus' were the real deal, and started to pay attention to them to see what they had to offer.
I became smarter with my money management, got out of the day trading habit and generally simplified my trading methods so they were easy to implement and explain. I have also dabbled with building my own trading robots with mixed success and use them at times to assist me with my trading. I now make a living from trading Forex, mainly off the 4hr or Daily charts. My systems are simple and profitable overall.
I love trading Forex and I see it as having a huge potential to make some serious income. It is not as easy as some would make you believe, but if you keep it simple, control your money management, and be consistent, then there is no reason that you too shouldn't succeed in the world of Forex trading. Patience, courage and discipline.....