Introduction by ebook's author:
If you answered yes to any of these questions, you’re going to get all the information you need right here.
Good for you! Forex trading is an excellent way to make additional income in your spare time, even if you don’t have much experience, but once you get good at it can absolutely replace your day jobs income.
You’re probably here because you either don’t know what Forex is, exactly…or because you know a little and want to know how to actually start trading.
This letter is going to go over the basics of Forex trading as well as what it takes for you to start making actual trades.
If you’re tired of sitting on the sidelines and only hearing about stories of people making money in Forex, that’s about to change forever.
When you think of Forex, you immediately think of trading stocks but that’s not the case. Forex is much different than trading stocks.
In fact, Forex trading is a more stable way for anyone to invest their money than being an active trader on Wall Street.
Forex is also easier to understand so that anyone with any experience level can take part in Forex trading.
To add yet another benefit to Forex, you don’t need to take any college courses or take part in any highly expensive seminars!
By and large, Forex is much better for the little guy (or gal) to do in order to have an advantage when it comes to investing.
Complicated charts cluttered up with all kinds of indicators might help you forecast the market. The market as it was the moment you made those charts, that is.
How is that going to help when the market changes on you? That’s a huge waste of time, making long and complicated charts that can become irrelevant at the drop of a hat!cd image
The plain truth is that improperly used technical indicators DO NOT reflect those changes quickly enough to be of much value to most Forex traders. They lag behind the market just enough to cause some real problems.
If those indicators are the only tools at your disposal, you just don’t have the tools you need to stay on top of the changes. You can’t adapt. You’ll be trading on a market that’s already vanished.
People like you and I are very different from the big commercial traders. The big dogs trade thousands of lots at a time, worth millions of dollars. They trade for banks, governments, and large corporations. They trade for people who do not accept failure.
The big time traders survive by being in the right place at the right time. They can’t afford to be wrong! Big time traders are able to see major trends days and even weeks before they take place. They anticipate tomorrow’s market, not yesterday’s market.
They don’t see ahead like that by relying on technical indicators and black box systems. They can’t afford to waste that much time. They can’t afford to be behind the market. They can’t afford to be inflexible.
What do they do instead? They pay close attention to price action while finding major support and resistance levels! Read more…
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