Fores Trading Simplified: A Simple Profitable Approach to Trading Forex: Trade 1 Hour a Week to 4 Hours a Day

By Neumeyer Tony

The world of Forex Trading is often plagued with the idea that complex mathematical or pattern trading methods are required to be profitable. The author has traded profitably for years. He has used Fibonacci, Elliot Wave Theory, and other complex pattern trades. After over a decade of using these methods he has settled on trading about one hour a w

• Language: English
• Publisher: Walking Crow
• Release date: Jun 24, 2015
• ISBN: 9780993864858

Book preview

Introduction

The Internet has played a vital role in allowing thousands, if not millions, of investors and traders from around the globe to discover the world of online trading in the Forex market. Even though it may seem to be no different from the stock market, in truth, it has little to no relation to it whatsoever. You have to keep in mind that the Forex market can seem a bit more complicated and elusive for individuals who are new to the trading scene, but it doesn’t need to be.

Rest assured, you have no reason to be concerned. This guide is designed in such a way as to eliminate the mystery of the Forex market for intelligent and smart traders or investors like you. There is no denying the fact that the Forex market has a lot of potential, but many people still don’t know much about it. These individuals often end up making mistakes and thus lose a lot of money in the process. There is nothing extraordinary about the way the market works, however a little research and the acquisition of some new skills will be required if you wish to succeed.

Trading with foreign currencies is potentially quite profitable, but it can be challenging if you don’t take your study seriously. Before you actually consider investing your time and trading in the Forex market, it would be wise for you to first evaluate your risk appetite, investment objectives and level of experience.

I will take you through the basics and give you the strategy I use to profit in the Forex world, but let me say this right off the bat: I trade and have traded currencies for many years. I am not, although have been in the past, a day-trader. Now I position trade, for longer term trades and I spend about one hour a week and make an executive level income doing it. I do it for cash flow, not as a way to increase my net-worth. That said, there are many people I know that do day or swing trade and use it as a net worth increasing investment option. You can choose which it will be for you.

The following is a screen shot of some of my past recent past trades in my actual real money account.

So if you are ready to make the best of what you have got and wish to participate in trading the Forex market, this guide offers everything you need to get started. At the very least, you will be informed about one of the fastest growing markets in the world. From there, you can either learn how to use my strategy for yourself or you can go on to learn more complex methods of trading as well.

Why This Book:

Someone asked me why I would write a book and give away the secret to how I trade and make money. I had to laugh a bit, but wasn’t doing so to put the person down. They just didn’t understand the sheer size of the Forex market.

In the stock market, if a bunch of us got together and decided to trade a single stock, we could actually move the market price of that stock, which could create an issue if we all did it at the same time. Conversely, the Forex market is so big, and there are so many variables, that the few thousand or so people that (might) adopt my strategy will never have any impact on my personal profitability. In my book, The 7 Minute Millionaire: How To Think Yourself Rich, (available >HERE<) I advocate creating several sources of semi-passive and passive income. Forex can be one of those sources for many people.

So really, I just want people to know that trading Forex is an option for cash flow and profit. And most importantly, it doesn’t have to be complicated!

That is why I am writing this book.

What You Should Know About Forex

Before you even consider trading with Forex, it is important for