How to Start Forex Trading Online E-Book

John Fazio

• Herausgeber: tredition
• Kategorie: Fachliteratur
• Sprache: Englisch
• Veröffentlichungsjahr: 2024

Seitenzahl: 113

Beschreibung

Have you heard several times about Online Trading and would like to know more about it? Would you like to understand what are the new strategies to apply in online trading? Then read on... The world of trading is diverse, full of different possibilities and opportunities. However, it is essential to understand that it is not a get-rich-quick scheme that will make you millions overnight. If you are looking for miraculous methods to make a lot of money from trading without doing anything, this book is not for you. First you will have to learn about its different aspects, set your goals and choose what you want to invest in. Succeeding in the world of trading requires hard work, dedication and a proper understanding of its different aspects. With this book you will learn what online trading is, how it works and what strategies you can use to start making money. I know you are asking yourself, "But is this book for me even if I don't understand anything about trading?". The answer is "Absolutely." In fact, what the book usually does is explain seemingly complex processes and terminology in an extremely understandable and simple way. This book includes: ONLINE TRADING: FROM 0 TO TRADER - What is the stock market - Trading with various currencies - Understanding market trends - How to manage risk - Secondary markets - How to sell short - How to read a chart - And much more FOREX TRADING - Forex trading knowledge and education - Evaluating the right time to trade - How to automate forex trading - How to open a Forex account - Successful strategies - 34 tips for successful Forex trading And much, much more! The time-tested practices in this book are easy to follow. If you are willing to put in the effort, with focus and persistence you will begin to see and benefit from the results!

Leseprobe

How to Start Forex Trading Online

The Complete Guide to Becoming a Trader Starting Completely from Zero. Included Approved and Easily Replicable Strategies

John Fazio

Copyright

© Copyright 2024 – John Fazio

The following Book is reproduced below with the aim of providing information that is as accurate and reliable as possible. Regardless, the purchase of this book can be seen as an agreement that both the publisher and the author of this book are in no way experts on the topics discussed within and that any recommendations or suggestions made here are for entertainment purposes only. Professionals should be consulted, if necessary, before taking any action advocated here.

This statement is considered just and valid by both the American Bar Association and the Publishers Association Committee and is legally binding throughout the United States.

In addition, the transmission, duplication, or reproduction of any of the following works, including specific information, will be considered an illegal act, regardless of whether it is done electronically or in print. This extends to the creation of a secondary or tertiary copy of the work or a recorded copy and is permitted only with the express written consent of the Publisher. All additional rights reserved.

The information contained in the following pages is widely considered to be a true and accurate account of the facts and as such, any inattention, use or misuse of this information by the reader will make any resulting action solely the responsibility of the reader. There are no scenarios in which the publisher or original author of this work can in any way be held responsible for any difficulty or damage that may happen to them after undertaking the information described here.

In addition, the information on the following pages is intended for informational purposes only and should therefore be regarded as universal. As befits its nature, they are presented without assurance regarding their prolonged validity or provisional quality. Trademarks that are mentioned are made without written consent and can in no way be considered an endorsement by the trademark owner.

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Printing and distribution: tredition GmbH, An der Strusbek 10, 22926 Ahrensburg - Germany

INDEX

Copyright

CHAPTER 1: WHAT IS THE STOCK MARKET

How the investment works

How to Make Decisions at the Beginning

CHAPTER 2: STOCK MARKET TRENDS

Bulls and bears

The market outlook

CHAPTER 3: INTRODUCTION TO FOREX

Forex functionality

The history of Forex

Forex Today

CHAPTER 4: UNDERSTAND CURRENCY CONVERSION

Operating with multiple currencies

Currency conversion

Forex Trend

CHAPTER 5: UNDERSTAND STATISTICS

Charts

Understanding market trends

CHAPTER 6: FOREX VOLATILITY AND MARKET EXPECTATIONS

Depreciation and revaluation

Appreciation and depreciation

CHAPTER 7: ASPECTS OF TRADE

Long and short

Market-Maker and short selling

CHAPTER 8: RISK MANAGEMENT

Limit orders and balancing risks

How can I handle a whip?

CHAPTER 9: KEY WORDS TO KNOW

Margin, spread and other terms

Jobbers, Yards, and other "British" terms.

Open and closed

CHAPTER 10: EXPERT TRADING WITH OPTIONS

Refereeing

Currency conversion volatility

CHAPTER 11: OTHER TRADING OPTIONS

Daily trading

Secondary markets

CHAPTER 12: IN REVIEW

Basic trade

The foreign exchange market

Careers in the market

Protect your investments

CHAPTER 13: ONE LAST OPTION

Resources

INTRODUCTION

Learn the basics of Forex trading

CHAPTER 1: FOREX TRADING KNOWLEDGE AND EDUCATION

How to get ahead in the game of Forex trading

CHAPTER 2: EVALUATE THE RIGHT TIME TO INVEST

Forex Trading: Finding the right moment

CHAPTER 3: FOREIGN EXCHANGE MARKET

CHAPTER 4: AUTOMATE FOREX TRADING

Automated Forex trading strategy

Advantages of automated Forex trading system

Risks of automated Forex trading system

Using Forex trading software

CHAPTER 5: FOREX BEGINNER - HOW TO OPEN A FOREX ACCOUNT

Understanding Forex jargon

CHAPTER 6: SUCCESSFUL STRATEGIES FOR FULL-TIME FOREX TRADERS

Successful strategies for part-time Forex traders

CHAPTER 7: 34 TIPS FOR TRADING FOREX SUCCESSFULLY

CONCLUSION

TRADING ONLINE: FROM 0 TO TRADER

CHAPTER 1: WHAT IS THE STOCK MARKET

In any business deal or commercial venture, preparation and knowledge are the keys to success. Without this kind of insight, attempting to make a profitable financial decision can only end in disaster and failure, regardless of your level of motivation and determination or the amount of money you plan to invest.

In the stock market, this rule applies to the nth degree, since you are investing your money in what could be considered a high-risk bet, and you are playing with fire if you do not have at least a general basic understanding of how it works. Since having a background in any area is useful in guiding you along a path in that particular region, the more solid your investment knowledge base, the more likely you are to profit from any attempt to trade on the open market.

In many ways, stock market trading can be compared to driving-you do not need to be an expert to get behind the wheel of a car, although you are expected to have some prior knowledge of basic traffic laws, including moving violations, safety rules, and other legal vehicle infractions, which are learned either through specific study and courses or even through some form of simple exposure (such as the years you spent riding horses with your parents and others who have been driving for years). You should be able to understand the basic tools used to navigate a car (where the brake pedal is in relation to the gas, and how to use the rearview mirror, for example), even if you have never touched a steering wheel.

The same applies to entering the world of the stock market. While it is not necessary to know all the terminology (you will not be selling short or determining your long and short positions at first, so it is not necessary to completely understand these references, although you should be aware of them), you should certainly be familiar with the basic functionality of trading stocks, bonds, bonds and other commodities. And just like someone who is behind the wheel of a car and getting ready to touch the gas pedal for the first time, you should start carefully and work your way up slowly. First-time drivers will first set the mirrors to their liking, then put the car in gear, look for any interference with traffic, and mellow out on the accelerator pedal, never putting it down and test the engine coming out of the gate on the first try. Similarly, when selecting your first investment, you should choose something stable with few fluctuations and not invest a large sum of money in this first venture.

When a person is learning to drive, they will be accompanied by another individual who has more experience and can assist them in making better driving decisions and offering corrections that will help them learn to handle the car more efficiently. In the stock market, there are stockbrokers and other experts who can give you input and advice to help you build your knowledge of the commodities in which you are interested, essentially "guiding" you toward better buying and selling decisions in the stock market.

You could spend hours researching the stock market and its functionality, learning how to get involved in the trade and who to contact to get in the game, especially if your interest is the foreign exchange market, which goes far beyond the level of complication of the domestic stock market. However, in this book, you will find all the basic information you need to get started on the road to trading success. All the legwork and research has been done for you, gathering the data and knowledge into a single source from which you can get enough information to make you a successful trader in the open market. All you have to do is read to gain knowledge and wisdom, step by step, that will take you to a heady level of success. In this book, you will find all this useful information, all brought together in one source for ease of reference.

How the investment works

Whenever you put your money into a fund, it is a good idea to start by understanding what you are buying into. The stock market is a complicated entity, and doing minimal business in trading requires a fair amount of basic knowledge, as well as understanding and accepting the high risk factor. The more you know in advance about the functionality of the system, the less likely you are to take a heavy hit, ending in a devastating loss.

First of all, and probably most important in the business of trading, you should understand what stocks actually are. When you buy or sell a stock on the open market, you should keep in mind that you are dealing with real objects, not pieces of paper; you are buying and selling real parts of a particular company, its product, or some other miscellaneous commodity.

Owning a "share" means that you have actually bought the company or product in question and have become a partial owner of that asset. Of course, you might be one of millions of shareholders, since most companies and products are broken down into tiny pieces of the whole, but you are still considered an investor in that company or product until you sell your shares.

Think of it as paying for a tank of gas in the car your parents bought for you to drive. You may also have bought the oil filter that was put on the car, and you may think that this investment makes you part owner. However, when you look at the total cost of the car, you have really contributed very little to this amount. However, as long as you continue to invest in gas for the car and take care of maintenance needs, you can claim partial ownership of the car.

Because the value of a company and its products or services can fluctuate continuously, the value of the shares you own will not be the same from one day to the next and sometimes can even change hourly. When the price per share falls and is considered low, it is an ideal time to buy. This is the least expensive way to begin your trading adventure, and working with a stock broker will allow you to get more information about which stocks are ripe for purchase at any given time.

By doing so, you become a shareholder, and the value of your holdings will fluctuate from day to day. Your bet (and hope!) is that the value of the company or product you have invested in will increase or rebound from the low price at which you made your purchase. This is the goal of all traders and means that your stock will be more valuable.

As the value of your securities increases, so does your net worth. When the price of the shares you own reaches a high point, it is time to sell, making a profit on your original investment. Ideally, you will always sell your holdings at a price reasonably higher than your purchase amount, and you should never sell when the current value of the shares is less than your initial purchase price. It is important to make sure that you do not intentionally take a net loss because there are many occasions when you might be forced to take a loss.

For example, if you buy shares in a company at twenty dollars each, you should never sell them at eighteen dollars each. If possible, you want to wait until they are worth perhaps forty dollars each, essentially doubling your money. Of course, this is just one example, and not every stock will ever double in value, but the illustration is significant.

There are other more complex ways to invest in the stock market. However, just like learning to ride a bicycle, it is best not to make the first attempt without training wheels.

How to Make Decisions at the Beginning

We return to the guide as a reference. When you start driving, you do not enter the highway and drive your car at speeds of sixty and seventy kilometers per hour. Instead, you will stay in residential areas or at least on the access road, where there is less pressure to maintain such a high speed. In the stock market, you will also want to stay away from any expensive stocks or extremely volatile investments until you have become extremely comfortable with the trading process.

There are small investment opportunities called "penny stocks" that will help you try your sea legs and get a feel for how the stock market works before you invest large sums of money and risk a big financial loss. These particular stocks literally cost pennies or small dollar amounts and typically fluctuate only fractions of a cent on any given day, making them extremely safe for those just getting started.

Once you get the hang of it and can better judge market trends, you can comfortably move on to more complicated and adventurous areas of the market. It is like taking the training wheels off your bicycle or entering the highway for the first time at a time of day when there is no traffic to contend with.