Learn to Trade Forex
Hello friends,
In here, I’m listing some books and materials that would be immensely beneficial for start-up (newbie) traders in Forex.
Majority of the newbies start trading Forex with ‘special’ trading systems (based completely on Technical Analysis) hyped by internet marketing or pushed by their brokers. To be frank, even I started up in similar way and got hurt badly.
Technical Analysis might work pretty well in the Stock trading scenario but in Forex, we need to understand the fact that this is a completely different Beast of a different species. In one word, the Market Dynamics are DIFFERENT.
You need to have knowledge on:
۞ What actually is Forex?
۞ Who and What moves prices in Forex?
۞ What is the Market Structure?
۞ Who are the Elephants, Sharks & other predators waiting for your money?
۞ Does a 24 Hour market really mean more trading opportunity?
۞ What are the pros or the cons? In other words, what are the major DISADVANTAGES in Forex that are AGAINST you.
What I’d recommend here is that you MUST invest your TIME, ENERGY and MONEY to go thru appropriate EDUCATION is MANDATORY prior even making your first demo trade.
I hope the information in here would be beneficial for all newbies for the next 5/10 years. At the moment, I might not remember all the reference materials and I’d be updating later. I’d also request experienced Forex traders to provide their opinions here.
**A small side note:
Hello friends,
EDUCATION is a MUST prior you touch Forex.
In here, I’m listing some books and materials that would be immensely beneficial for start-up (newbie) traders in Forex.
Majority of the newbies start trading Forex with ‘special’ trading systems (based completely on Technical Analysis) hyped by internet marketing or pushed by their brokers. To be frank, even I started up in similar way and got hurt badly.
Technical Analysis might work pretty well in the Stock trading scenario but in Forex, we need to understand the fact that this is a completely different Beast of a different species. In one word, the Market Dynamics are DIFFERENT.
You need to have knowledge on:
۞ What actually is Forex?
۞ Who and What moves prices in Forex?
۞ What is the Market Structure?
۞ Who are the Elephants, Sharks & other predators waiting for your money?
۞ Does a 24 Hour market really mean more trading opportunity?
۞ What are the pros or the cons? In other words, what are the major DISADVANTAGES in Forex that are AGAINST you.
What I’d recommend here is that you MUST invest your TIME, ENERGY and MONEY to go thru appropriate EDUCATION is MANDATORY prior even making your first demo trade.
I hope the information in here would be beneficial for all newbies for the next 5/10 years. At the moment, I might not remember all the reference materials and I’d be updating later. I’d also request experienced Forex traders to provide their opinions here.
**A small side note:
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