Trading
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About this ebook
I’ve been Forex Trading for 20 years, firstly in New York and now in central London. Trading Forex has never been easier with apps and trading platforms readily available for every phone, mac and PC. However this doesn’t mean trading is easy. There are two vital facets to trading. The first is the skills to trade. This is actually something which like any other trade or skill should be honed and worked on to continually improve. Your trade
training and knowledge should never end. The saying, knowledge is power certainly applies here.
The second element would be developing the mindset of a trader. The means through which traders can develop the proper mentality when trading, why emotional management is critical to successfully trading on the Forex market.
These aspects of Forex trading will be discussed in depth in the other chapters that follow but for now, we tackle the basics pertaining to Forex trading as a money making entity.
Day trading is highly profitable and highly tumultuous. Moreover, the financial markets have changed considerably in recent years. Expert author Charles Mercer gives you the latest information for mastering the markets, including:
1. Foreword
2. What is Forex
3. Where Forex Trading Takes Place
4. What is The New York Stock Exchange
5. What is Traded?
6. What are Forex Pairs?
7. Market Size and Liquidity
8. What is A Spot Market?
9. What is Trading Futures?
10. What are Options Trading?
11. What are Exchange-traded Funds?
12. The Dangers of Trading?
13. The Mindset of Trading
14. How To Trade On The Forex
15. Why Set Realistic Expectations
16. Understand The Power Of Patience
17. Be Organized in Your Approach to The Markets
18. Taking the First Step
Let’s get profiting from Forex Trading!
Charles T Mercer
Hi,I'm a professional Forex Trader and have been doing this for 20 years. Firstly in New York for 11 Years and then i moved to London.I love exploring London and checking out the hidden coffee shops.Thanks guysCharles
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Book preview
Trading - Charles T Mercer
Trading;
The Beginners Guide To Smashing Pips Trading, Tips to Successful Trading, Trading Mindset, Trading Psychology, Forex Mastery,
By
Charles T Mercer
Contents
Foreword
What is Forex
Where Forex Trading Takes Place
What is The New York Stock Exchange
What is Traded?
What are Forex Pairs?
Market Size and Liquidity
What is A Spot Market?
What is Trading Futures?
What are Options Trading?
What are Exchange-traded Funds?
The Dangers of Trading?
The Mindset of Trading
How To Trade On The Forex
Why Set Realistic Expectations
Understand The Power Of Patience
Be Organized in Your Approach to The Markets
Taking the First Step
Foreword
The aim of this book is to give readers a brief overview on Forex markets, the smart methods to use and the ideas to scrap.
I’ve been Forex Trading for 20 years, firstly in New York and now in central London. Trading Forex has never been easier with apps and trading platforms readily available for every phone, mac and PC. However this doesn’t mean trading is easy. There are two vital facets to trading. The first is the skills to trade. This is actually something which like any other trade or skill should be honed and worked on to continually improve. Your trade training and knowledge should never end. The saying, knowledge is power certainly applies here.
The second element would be developing the mindset of a trader. The means through which traders can develop the proper mentality when trading, why emotional management is critical to successfully trading on the Forex market.
These aspects of Forex trading will be discussed in depth in the other chapters that follow but for now, we tackle the basics pertaining to Forex trading as a money making entity.
Let’s begin our Forex Trading journey.
What Is Forex?
Forex is short for foreign exchange, and is a $4 trillion a day world-wide business where can make huge profit…and huge loss. People’s lives can change for the better or worse in a big way. Foreign exchange is the act of changing one country's currency into another country's currency for a variety of reasons, usually for tourism or commerce.
Currency trading was really limited to interbank activity on behalf of their clients. Gradually, the banks themselves set