Forex Trading for Beginners: A Beginners Guide to Proven Forex Trading Strategies

By Benjamin Daniel

I will show you how to be a successful forex trader, preserve your capital, generate consistent and profitable returns from forex trading and finally trade for a living.  
 
•    Do you want to learn how to trade Forex for a living?
•    Do you want to become a consistent and profitable forex trader?
•    Are you struggling to make money from forex?
•    Do you want to make passive income online with Forex?
•    Do you want to know the concept of investing for a beginner in forex?
 
If you answer yes to all the above questions then Forex Trading For Beginners:  A beginner's guide to proven Forex trading strategies, money & risk management, discipline and secrets to making passive income online is the book for you
 
Forex Trading For Beginners shows you step-by-step, how to make money trading the Forex markets like the PROS, the best profitable candlestick and chart pattern strategies  to trade, how to trade it and the best money and risk management to manage your capital while avoiding the mistakes that beginning and struggling traders make.  

For beginner traders, this book gives you an understanding of where to start, how to execute your trade, where to place stop loss and take profit and how to develop your trading plan strategy. 
 
Here's a snippet of what you're going to learn in  Forex Trading for Beginners:
•    Forex trading basics
•    Support and Resistance Levels- How to identify & plot them
•    Understanding the Trend - How to determine & trade with the trend
•    The Four Best and Profitbale candlestick pattern strategies
•    The four best reliable and profitable chart pattern strategies
•    How to manage your capital using the concet of  risk, reward and position sizing
•    How to draft a trading plan
•    How to make passive Income from Forex without investing a dime
 
The book has lots of examples and illustrations to break down the seemingly complex stuff to easy to digest, dummy easy language that will see you applying everything you will learn without any trouble.

Whether you just want to generate some side income to shore up your main income, or you want to become a full-time trader and make forex trading your main source of income, the practical advice contained in the pages of this book will help you reduce unnecessary risks and guide you on the path to financial independence.
 
Click the "Buy Now" button to get started today
 
 
 

• Language: English
• Publisher: Publishdrive
• Release date: Apr 1, 2020

Book preview

Daniel

LEGAL NOTICES

COPYRIGHT

All rights reserved. No part of this book may be reproduced in any form whatsoever, electronic or mechanical, including photocopying, recording, or by any informational storage or retrieval system or redistributed without the express written permission of the author. This ebook cannot be sold under any circumstance; you have only personal rights to this book.

DISCLAIMER

By using the information in this ebook you agree that this is general education material and you will not hold anybody responsible for loss or damages resulting from the content provided here by the author

Please note that Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors. Before undertaking any such transactions, you should ensure that you fully understand the risks involved and seek independent advice if necessary. Any opinions or other information contained in this book are provided for the general educative purpose and do not constitute investment advice.

Copyright (c) 2020 Benjamin Daniel

Table of Contents

Introduction

CHAPTER ONE

Introduction to Forex Trading

Forex Charting Platform

The Anatomy Of A Candle

CHAPTER TWO

Support And Resistance Levels

How To Identify & Plot Them

CHAPTER THREE

Understanding the Trend

How To Determine The Trend

CHAPTER FOUR

Forex Trading Strategies

(a) Candlestick Formation Strategies

(a) Pin Bar Strategy

The Psychology of trading Pin Bar

How to trade Pin Bar

How to make money from Pin bar trade

(b) Grabber

How to trade Grabber

(c) Engulfing Candlestick

Bullish Engulfing

Bearish Engulfing

How To Trade Engulfing Candle Pattern

(d) 3-Candles Continuation Pattern

(b) Chart based Pattern

(a) Head and Shoulder

How to Trade Head and Shoulder

(b) Double Top

How To Trade Double Top

(c) Double Bottom

How To Trade Double Bottom

CHAPTER FIVE

How To Manage Your Capital

Risk and Reward

Position Sizing

CHAPTER SIX

How to Draft a Trading Plan

Sample Trade Plan

CHAPTER SEVEN

How to Make Money from Forex without Investing a Dime

How It Works

How to refer new Clients

CHAPTER EIGHT

Conclusion

Recommended Brokers

Putting it all together

Step-by-Step procedure to Trade Profitably

Frequently Asked Questions

Resources for Further Reading

Introduction

THANK YOU FOR PURCHASING this book. It is one of the best investments you would make towards making money online from Forex Trading. The goal and objective of writing this book is to help you become a profitable trader if you are struggling to make money from Forex and as well teach you how to start trading in a simple step-by-step approach if you are a beginner.

Many people lose money because they do not have an edge in the market. The edge is what exactly traders look for in the market that will move them to place a trade. This edge is aptly defined in the trading plan which details what the trader looks for in the market, how to enter a trade, what risk to take, which pair to trade, the acceptable risk-reward ratio and lots more. All these inputs have been thoroughly dealt with in this book.

Each input is explained in a step-by-step manner to help you become successful in it even if you knew nothing about Forex trading before. Besides, I have included with this book resources that will increase your knowledge base in this field. However, it is not so much of strategies you know that will make you money, rather than the few you know and applied with good money management. Jumping from one strategy to the other will not help you. As a beginner, first of all, master one strategy, keep it simple before you change to another.

I believe that using this manual will not only expose you to the world of Forex trading but also help you make money from it. If after reading this book and you desire more explanation outside/inside the scope of this book, I will gladly welcome your questions and be of help. My contacts email is at the end of this book.

I look forward to your success as you read.

Best Wishes

Benjamin Daniel

CHAPTER ONE

Introduction to Forex Trading

FOREX is an acronym for Foreign Exchange and is a market where big businesses, corporations, firms, government, banks, investors and traders come to speculate and exchange currencies. It is not a market that has a central place for carrying out this exchange; the trading is done over the counter. It has a daily average turnover of $3.98 trillion, hence is regarded as the largest and most liquid market in the world as of today.  It is open 24hours a day, 5 days a week and the trading centers are in major cities of the world like New York, London, Zurich, Frankfurt, Sydney etc

Forex Trading is the art of speculating and exchanging one currency for another. For instance, if you think the Euro would rise against the British Pounds, you could buy the EURGBP at a low price and sell later at a higher price to make profit. So, a trader anticipates future appreciation of a currency pair and capitalizes on it to make money. It should be noted that it