What you need to know
Before you start to trade
eBook Title: Forex Basics™
Sub-title: What you need to know before you start to trade
Genre: Forex eBook / Forex Book
Author: R.Gurley MBA, FCMA, MCMI, DMS
Publisher: ForexCalling.com
Format: PDF Download
Publication Date: December 2008
Preface
Forex trading is not a Get-Rich-Quick scheme. It is a skill. It requires discipline, tenacity, diligence, and a willingness to learn. There are no shortcuts. But get it right and you make a mint.
To get it right you must go through a four-stage process.
First, you must learn the basics.
Second, you must select a profitable forex trading strategy.
Third, you demo-trade your chosen strategy until you generate profits consistently.
Fourth, you trade live applying all that you learned in the preceding stages.
Forex Basics™ focuses on the first stage. It teaches the basics of forex trading.... what you need to know before you start to trade.
The ebook goes beyond what is usually deemed basic forex education. It seeks to arm you with practical information, which if not known before you begin to trade, could jeopardize your trading success.
For instance, your relationship with your broker, a topic often overlooked, but critical to your trading performance, is given due prominence.
So too, the biggest risk a forex trader faces, a risk that has nothing to do with trading, a risk often overlooked … the risk of loss of funds deposited with your broker.
The danger associated with demo-trading (practice trading) during weekends, is yet another example of critical information often overlooked but given due prominence in this forex book.
We present our material in a simple, crisp, and easy-to-understand format. A computerized diagnostic of the text concluded that Forex Basics™ could be understood by Grade 5 students.
Forex Basics™ is authored by the founder and CEO of ForexCalling.com, a qualified accountant with an MBA and years of finance, corporate, and banking experience.
The ebook is published by ForexCalling.com, a forex education and strategy website specialized in teaching traders how to trade profitably.
Forex Basics™ is the first of a two-ebook series published by ForexCalling.com. The second, The Forex Strategy Workbook™, teaches a powerful trading strategy that delivers profits 80% of the time.
Chapter |
Description |
Page |
Chapter 1 |
Introduction |
5 |
Chapter 2 |
Forex History in Brief |
6 |
Chapter 3 |
The Forex Market |
8 |
Chapter 4 |
Currencies Traded |
10 |
Chapter 5 |
Currency Pairs |
11 |
Chapter 6 |
Trading Hours |
13 |
Chapter 7 |
Why Trade Foreign Currencies |
14 |
Chapter 8 |
Forex vs. Stocks |
16 |
Chapter 9 |
Tools Needed |
18 |
Chapter 10 |
Cost of Trading Forex |
21 |
Chapter 11 |
Trading Platforms |
22 |
Chapter 12 |
The Mechanics of Trading |
24 |
Chapter 13 |
The Almighty Pip |
29 |
Chapter 14 |
The Grateful Lot |
31 |
Chapter 15 |
How to Calculate Profit or Loss |
33 |
Chapter 16 |
Leverage |
35 |
Chapter 17 |
Margin Requirement |
36 |
Chapter 18 |
Margin Call |
38 |
Chapter 19 |
Choosing a Forex Broker |
40 |
Chapter 20 |
Demo Trading |
44 |
Chapter 21 |
Opening a Trading Account |
46 |
Chapter 22 |
You and your Broker |
49 |
Chapter 23 |
Safety of Deposited Funds |
51 |
Chapter 24 |
Technical Analysis |
53 |
Chapter 25 |
Fundamental Analysis |
55 |
Chapter 26 |
Technical vs. Fundamental Analysis |
57 |
Chapter 27 |
Trade Execution / Order Types |
58 |
Chapter 28 |
Charts |
63 |
Chapter 29 |
Candlesticks |
67 |
Chapter 30 |
Trend Lines |
74 |
Chapter 31 |
Support and Resistance |
78 |
Chapter 32 |
Pivot Points |
86 |
Chapter 33 |
Technical Indicators |
92 |
Chapter 34 |
Using Leverage Safely |
100 |
Chapter 35 |
Money Management |
104 |
Chapter 36 |
Reward to Risk Ratio |
108 |
Chapter 37 |
When to Trade |
111 |
Chapter 38 |
When NOT to Trade |
114 |
Chapter 39 |
Trading the News |
118 |
Chapter 40 |
Forex Signals / Alerts |
121 |
Chapter 41 |
Forex Scams |
122 |
Chapter 42 |
Trading Psychology |
124 |
Chapter 43 |
Choosing a Trading Strategy |
128 |
Chapter 44 |
Forex Golden Rules |
131 |
Chapter 45 |
Inspiration from the Billionaire Traders |
136 |
Chapter 46 |
Frequently Asked Questions |
144 |
Chapter 47 |
Forex Glossary |
153 |
Appendix 1 |
Excerpt from The Forex Strategy Workbook™ |
161 |
Happy trading! www.ForexCalling.com
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New York, N.Y. 10022, USA
