If you’re looking to learn the in’s-and-out’s of Forex currency trading as a possible investment vehicle and you’d just like to quickly have Forex made simple for you to determine what it’s all about, then this snappy little in-depth primer on the FOReign EXchange (FOREX) currency market will answer all of the basic as well as many of the more advanced questions that you might have about this fascinating and thrilling way to make money from home.
Leveraged Forex (commonly called “retail”) currency trading conducted independently by ordinary individuals from their personal computers has exploded since 2004… helping to drive the value of the DAILY movement of currencies worldwide to a staggering 4 trillion dollars every 24 hours. That would be trillion with a “T”. This dwarfs all of the world’s stock and commodities markets COMBINED by a factor of times two (x2). It’s an astonishing lucrative market where complete trades can take days or be performed in mere minutes. If you like fast action, you’re going to love Forex!
But how exactly does one get a foothold in this fast-paced market without getting run over by the big players?
‘The Forex Lifestyle: Forex Made Simple for Beginners’ will bring you up to speed on the current scope of retail currency trading in a brisk and entertaining fashion by serving up loads of useful examples and trading tactics. You’ll learn everything you need to know about pips, lots, margins and all the basic math involved… how currencies are paired, and how to read those critical spreads and quotes. It’s not just Forex trading for beginners, it’s all about becoming a SMART and savvy trader right out of the box.
You’ll also become familiar with the popular MetaTrader free trading software used by major FX brokers all around the world. Analyze the market movements of all the major currency pairs with dynamic realtime-updating charts and predictive indicators. Do some technical analysis, and even learn Forex trading by taking into account the global long and short term economic fundamentals that effect currency values from minute-to-minute. You’ll also learn how to use my own personal 2 Stage Trading technique to control the fear-vs.-greed issue that can ruin many traders.
One of the big attractions of Forex is that you don’t have to be a “big guy” to get involved – unlike the stock, commodity and options markets. You can open a currency mini-trading account at most Forex brokerages for as little as $250. Even better, you can practice for several months with virtual money until you become familiar with how to trade Forex and comfortable enough to use real money.
My book is all about Forex made simple – it’s a “square one” training resource that I wish I could’ve gotten my hands on back when I was just starting out in Forex, it would’ve saved me tons of wasted time trying to figure out how to successfully trade foreign currencies for profit.