If you can- not find the courage to change and then remain disciplined to that change, you will be unable to develop a trading strategy that aligns with your per- sonality and your perception of life. If you can learn the when and the why, you will be able to make market movements work for you allowing you to capture the majority of potential profit from the move.
When you do this, you have discovered your personal holy grail in trading! I believe this book can become your holy grail if you let it! Trading needs to be fun, emotionally exciting, personally and finan- cially fulfilling, and stress-free. You will also need to master your emotions. Success lies in mastering four skills, three of them technical. These technical skills include knowing: 1. How to find market direction in any time frame, anytime, 24 hours a day. How to establish a successful entry strategy that works consistently.
Every trader wants the market to move in his or her direction from entry. How to create two solid exit strategies: one to protect yourself financially should the market not go your way, and one to capture profit if it does. The remaining skill is more difficult; it is learning how to overcome the battle that takes place in your mind. Believe it or not, our daily destructive habits hold us back from achieving what is rightfully ours in this life. Learning to become a successful currency trader is a dream highly sought after by countless people around the world.
I am here to tell you that it is a worthy and attainable dream. Dreams are attainable! However, there is a set of steps that needs to be mastered in order to make your dreams come true.
This book will help you to learn these steps and to acquire the courage and commit- ment to take them. Always remember that man was not created to just get by—he was created to reach his highest potential! One wolf is very evil. It forces you to deal with anger, envy, jealousy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and a self-centered, destructive ego.
The other wolf is good. It helps you to experience joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion, faith, self-respect, and to develop a giving, constructive ego.
There are successful people who have either been taught by a mentor, acquired some special knowledge, or implemented disciplines that enabled them to achieve their financial goals. The saddest part about this process is that most people do not display the sufficient humility and open-mindedness to acquire all this information and mentorship at an early stage in their lives. I am adamant about one thing: if you are on the hunt for success in any field or any walk of life and have not yet acquired it, then perhaps you have been looking in the wrong places.
The reason is universal: successful people focus on feeding the good wolf. Individuals who manage their mediocrity or poverty in life are focused on feeding the wrong wolf—the evil wolf.
They carry around past emotional baggage and, in time, it becomes so heavy that all they can think about is survival. This mindset seriously affects their personality, performance, and ability to maintain emotional control, which is essential for success in life and success in trading.
I have noticed a pattern among people around the world, regardless of country, race, or culture; they become what I call rainbow chasers. Every few months they come up with a get-rich-quick plan, but these endeavors are doomed to fail, and then comes the inevitable blaming.
Very seldom do those people accept responsibility for their outcome and look inside themselves to discover why they have failed. They go from one business opportunity to another, never achieving their end result, and are clearly locked into self-destructive habits.
They repeat their bad habits, continue to chase rainbows, and fail at just about everything they do. Life is not capricious; it will always provide the rich and poor alike with new opportunities. Forex is such an opportunity. This book will help you understand how to trade in Forex, or the foreign exchange market, and reap the financial outcome you desire. Please embrace this inform- ation with excitement, because you will be given the exact education and trading tools used by some of the best money managers in the world.
Whether you succeed or fail is solely determined by what is in your head and your heart. Believe it or not, this is how history repeats itself in their lives. If this describes you, then this book can really help you make a change in your life. Not only does it teach the technical side of trading, but also it will force you to address some of those unproductive bad habits. When trading Forex, your daily actions will be based on a clear productive mindset of: Reappointment versus disappointment Resilience versus resentment Better versus bitter A winner not a whiner A star not a scar A victor not a victim A conquerer not a crumbler The reality in life is that the choice is yours.
Your success will be determined by how confident you feel, what you think, and how you respond when bad things do happen. In any financial or business endeavor, success starts in your head, is fueled by your heart, and the results are driven by your actions. These will determine your Forex experience.
In this book, you will learn certain disciplines and habits that will help you become a better trader. There are three questions you have to ask yourself before you trade: 1. Do I want to make a lot of money? Do I want to make an average income?
Do I just want to get by and break even? You need to understand these things about yourself because the market tends to be self-fulfilling.
Remember, you will always find what you are looking for, whether it be good or bad. Nothing in life is perfect, and if you set yourself up with an unrealistic expectation that things should be perfect, you put yourself in a position to focus only on negative events. If you bring this perspective to the trading table, it will have a similarly destructive effect. Uncover who you are and what you are looking for before you trade so that you can lay the proper foundation on which to build your trading career.
Your moral constitution, work ethic, and personal beliefs will mirror your trading habits. If you are a rule breaker, then there is no point in trying to learn a new successful skill that requires rules to be followed. If it is in your character to break rules, then learning a new successful skill that can change your financial future is useless. You will simply break the rules and self-destruct. I know a person who is habitually late to work. As a result of his tardiness, he is repeatedly terminated.
Yet he refuses to change his behavior. He is more willing to go through the trouble of searching for a new job than he is to change a simple, yet critical, destruc- tive personal habit. What I find with most unsuccessful people is that they fail to see the importance of following rules that will lead to their success, such as showing up on time. People underestimate how important preparation is for success.
However, the reason they get locked into poverty and mediocrity—only getting by—is that they show up to the battlefield totally unprepared and unprotected.
Their focus quickly turns from the cause they were fighting for to survival and self-preservation. To survive the coming learning curve and successfully transition to a productive career trading on Forex, you will need to properly arm yourself. Creating your personal constitution is like acquiring the best helmet possi- ble to protect your most important asset—your mind. Your mind is the epicenter of your body and the control tower of your destiny. You first need to identify, and perhaps define, who you truly are.
The following exercise will help you discover your personal constitution. Once you have completed this exercise, you will be able to see what you need to change in your personal life to become a successful trader.
This exercise is what I call a litmus test. Are you more honest than dishonest? Do you always tell the truth?
As a child, I acquired the habit of exaggerating from my dad. He would exaggerate about nearly everything he did, saw, and experienced. When I began dating my wife, she challenged me about my exaggerations the same way I did my dad. When you exaggerate, you are outright lying.
That is not a good habit! It builds relationships and earns security, trust, and respect from those with whom you associate. It helps others know who you truly are. It also prevents future trading missteps. You will lie to yourself about how well you follow the rules when in reality you are trading on emotion and hunches. And if you lie about your level of success, that bad habit will curse you when everyone wants to see proof of your trading prowess.
Be honest in everything you do! Are you a promise keeper or a promise breaker? Integrity is all about making sure your word equals your deed. If your word does not equal your deed, then you are a promise breaker.
No one likes a promise breaker. You will not be able to attract the right people in your life unless you become a promise keeper. When you make commitments to yourself and others, you need to keep them.
You will make promises to yourself and then break them. Believe me when I say that if you promise never to trade without a protective stop-loss order, which is an order that protects you from losing all your money in a single trade, and then break that promise, your career as a trader will quickly be over.
Avoid this fate—be a promise keeper. Are you a rule maker or a rule breaker? Freedom is something of a paradox because in order to be free, you must abide by a plethora of rules. Just look at all the rules when driving your car. But the more you obey the rules, the safer you are when driving. Breaking the rules, however, will endanger your life and may cost you your freedom. Our lives are filled with rules. Then we learn rules about school, about dating, about working, about marriage, parenting, and so on.
The rules in our life protect us and help us get where we are going faster and safer. Breaking those rules creates risks, problems, and, eventually, setbacks. These setbacks can take you completely off track and dramatically delay you from achieving your goal in a timely manner. Learning to trade, and being successful at it, requires that you follow certain rules. Ignoring the rules will cause you trouble when you are trading. You will be driven by your emotions and will be caught up in chasing the market, changing your mind, and breaking every rule in the book in the spirit of trying to save yourself.
Are you a good or bad listener? Being a good listener has its rewards. The greatest reward comes to those who develop the art of hearing what is not said.
I used to be a bad listener, constantly interrupting people when they were talking and completing their sentences for them. I assumed I already knew what they were going to say and where they were going with the conversation.
And yet I was almost always wrong. To overcome this habit, I had to learn to keep my mouth shut until the person speaking to me finished what they were saying. Imagine the impact of such an interruption on a trade in process. Learning to be a successful trader requires good listening skills. Because history repeats itself, where the market has been begins to predict where it is going.
If you interrupt its story and try to second guess what it is going to say, you will set yourself up to make a poor decision. Although trading charts are unable to express themselves verbally, they do communicate to traders who are good listeners. Do you think before you speak or speak before you think? Have you ever wished you could take back something you just said?
Your words are like the sound of the bell—they resonate! People who speak before they think are often branded as ignorant and annoying; few are respected. On the other hand, we respect and look up to people who think before they speak; we value their conversation and opinions because they are carefully considered.
Which do you do? Are you habitually putting your foot in your mouth? Or do you respond with educated answers and arguments? As a trader, you must engage in a conversation with the market and your response can either be ignorant or intelligent. If you are disciplined enough to think before you speak, you will probably find success in trading. However, if you insist on speaking before you think, the market will allow you to prove your ignorance.
Do you think before you act or act before you think? The conscious and subconscious parts of your mind are your greatest assets and your greatest liabilities. The conscious mind dissects, considers, and categorizes everything you see and hear. If action is needed, the conscious mind thinks through how it will execute the action. If action is taken, the subconscious mind records the thought with the action and matches the two for future reference.
In the future, all we have to do is think that thought, and the subconscious mind stands by to automatically execute the exact action that matched the thought.
That is how a habit is formed. Think about it once, do it once, and you have started a habit. Think about it three times, do it three times, and you now have established an automatic habit—good or bad. That is both good news and bad news. If you are involved in any unproductive actions that have turned into bad habits, you are unconsciously incompetent. That is when your mind is working on destructive autopilot and you need to regain control.
You need to become conscious again in order to recognize your bad habits and admit they are not benefiting you.
When you recognize your bad habits, you are able to learn a new skill or a new habit to replace the unproductive one. Learning a new, productive skill or habit is the first step to managing your success. When you learn a new skill, you usually have to think through each step of the action. Thinking through that action and success- fully executing it is called conscious competence. When you are disciplined enough to consciously repeat it when the situation requires, your subconscious mind automatically replaces the previously recorded action associated with the thought and forms a new habit.
The subconscious mind does not think, it just recalls and executes the actions that matched the thought. The more you repeat the action—good or bad—the more that habit becomes uncon- sciously automatic. If you are locked into executing bad habits, you are unconsciously incompetent. If you are locked into executing good habits, you are called unconsciously competent. The road to success involves the recognition of unconscious incompetence, then passing through to conscious incompetence, working your way to conscious competence, and eventually arriving at unconscious com- petence.
In achieving this you have purged yourself of your bad habits and have replaced them with productive, automatic, good habits that allow you to perform successful actions without thinking about them. It is like learning to drive a car. That process took about 15 minutes because you had to consciously think through everything you did. You were consciously competent. Now, if you began to drive and received speeding tickets and got into accidents, you became unconsciously incompetent.
It was when you consciously commit- ted yourself to stop speeding and to look in every direction to avoid accidents that you became a consciously competent driver.
You have now become unconsciously competent in your successful driving habits. You probably take about three seconds to pull out of the driveway, probably driving part of the way with your knee as you juggle a cup of coffee in one hand and a cell phone in the other, focusing on the conversation rather than each individual skill needed to drive the car. Can you see how powerful your mind is and how critically important it is to properly think through everything before you act? When it is time to trade, you must think before you act.
If you act before you think and make mistakes, your subconscious mind will take over and record all your ignorant actions and subconsciously create bad trading habits. That is how you start to lose money or just get by in trading. Successful traders think before they act to execute successful trading habits. Failure is like cancer. If you have to remove the cancer, much of the time it is too late.
You treat cancer by preventing it and you treat success by creating good habits from the beginning. This way you are preventing failure. As you learn to trade, you will need to get in the habit of thinking through all the details potentially involved with that trade.
You will need to have checklists that cover all the details. You will need to get in the habit of creating a trading plan and maintaining the discipline of trading your plan.
That habit forces you to think before you act, avoiding impulsive, emotional actions that generate unsuccessful trades. The market has no remorse for ignorance and impulsive action. The ignorant will suffer. Think before you act. Do you manage your emotions or do your emotions manage you? Most financially successful people are very unemotional when it comes to business decisions.
Believe it or not, successful business is nothing more than making and executing unemotional decisions that make economic sense. It is no different than unemotionally figuring out a mathematical equation. Two plus two will always equal four, regardless of how desperately you wanted it to be five—it will always equal four.
For example, holding onto unproductive employees because you like them, does not make economic sense and is a bad business decision rooted in emotion. When it comes to business, you need to make all your decisions unemotionally. Your decision process needs to be educated, logical, and unemotional. Any financial decision made in the heat of negative emotion will hurt you much more than it will ever help you. When it is time to trade, the more you rely on your emotions to make your decisions, the more money you will lose.
The more you rely on your education and logic, the more money you will make. Thinking through problems unemotionally allows you to stay focused on achieving long-term happiness and success. Bad things happen to all of us, and many times we have no control over them.
The reality is that we have no control over the cards we are dealt, we only have control over what we do with those cards. What we do have control over is how we handle the situation—emotionally or unemotionally. Successful traders manage their emotions; unsuc- cessful traders let their emotions manage them.
Are you responsive or reactive? Unsuccessful people usually do. Successful and positive-thinking people are able to process properly the negative things that happen to them, put them into perspective, and move on.
If your emotions control you, you are going to be more reactive than responsive and you will probably go through life with unhappiness, poverty, and mediocrity. As a rule, just about everything negative that happens to us is either self-inflicted or the result of not paying attention to red flags, warnings signs, or details. Accepting responsibility for our own actions is such a painful event that we find it easier to react and blame someone else rather than analyzing what really happened and responding by creating a sys- tem to avoid that situation again.
If you bring your reactive bad habits to the trading table, the mar- ket will know exactly which emotional buttons to push. When it does, you will run like a scared rabbit being pursued by a pack of hungry wolves.
Running scared is not conducive to calming down and thinking through your next move. Reacting versus calmly thinking through the situation and responding eliminates your ability to see clearly what happened. Reactive trading will cause you to lose all your money, whereas responsive trading will allow you to think through your next move and take advantage of the next opportunity that knocks. Is your ego more constructive or destructive? Are you more humble or more arrogant?
Do you make your decisions based on your pride and ego or based on logic regardless of the consequences to your ego? Do not go looking for storms as you sail your boat, they will naturally find you! A constructive ego keeps you focused on all the details necessary to avoid any and all storms as you sail through life.
A person with a constructive ego believes their mind is like a parachute; it only works when it is open. A person with a destructive ego thinks he or she already knows everything. Unfortunately, when it comes to trading, the market will teach that destructive ego the true definition of humility.
When conflict shows its face to a con- structive ego, the constructive ego, through humility, will in the end fight to be happy rather than right. Are you more positive about life or more negative? How you answer this question will greatly determine your overall happiness in life. Is your glass always half empty or half full? There is a law that is every bit as much valid as the law of gravity: it is called the law of attraction.
The law of attraction stipulates that whatever we think about, those thoughts will radiate out of our being and create circum- stances and events and attract people that align with our thoughts. When we think positive thoughts, that positive mindset will radiate out of us, creating positive circumstances and positive events in our life and, as a result, will attract positive people into our lives. The flip side of this law is also true.
When we think negative thoughts, that negative mindset will create negative circumstances and nega- tive events in our lives, attracting negative people into our lives. The power of this law plays an incredible part in determining your success or failure in life. Optimists, on the other hand, create positive out- comes via the law of attraction. The simple shifting of your mindset from negative to positive changes your entire world.
Negative people are constantly shifting blame and frustrated about how unfair life is; they walk around with a victim mentality. Positive people accept responsibility for their circumstances and place themselves in a position to figure out how to avoid negative situations in the future.
If you want to become a successful trader, you will have to purge your negative attitude and adopt a positive mindset and attitude. Negativity when trading only creates more negative circumstances, more negative events and financial losses. Do you fear your mistakes or do you embrace them and learn from them?
All people make mistakes, but only wise people learn from them. The only true mistake is the one from which we learn nothing. Mistakes show us what needs improvement.
Without mistakes, how would we know what we need to work on? Avoiding situations in which you might make a mistake could be the biggest mistake of all. When you have the courage to go out on a limb and make a decision, right or wrong, you risk making a mistake. Everyone makes mistakes. Strong people make as many mistakes as weak people—the difference is that strong people admit their mistakes, laugh at them, learn from them, and become stronger. When you make mistakes, problems usually surface, which creates fear and anxiety.
Pessimists live a life fearful of making any mistake because that mistake will create a problem, and just about all problems, in their opinion, have no solution. Optimists can make just as many mistakes as, if not more than, pessimists.
However, when a problem arises for an optimist, they aggressively work on it, believing it can be resolved, and the second they see the solution, the fear and anxiety dissipates.
When life hands you lemons, do you waste time sucking on them or do you learn to make lemonade? Making mistakes is part of being human. Mistakes can be resolved and corrected as long as you believe there is a solution.
So when you make a mistake that creates a problem, you need to muster the courage to face the problem head-on until a solution is achieved. As you do this repeatedly, unemotionally, you will develop the skill of effective problem solving. Remember, failure is not the problem; the problem lies in the time we waste lamenting over the problem rather than focusing in on the solution to the prob- lem.
Failure is not falling down; failure is staying down. Learning from your mistakes is critical to your success. Choosing not to learn from your mistakes as you learn to trade will cause you to become a repeat offender.
Your subconscious mind will take over and will form an unproductive bad habit, costing you money. You must pay attention to your mistakes and embrace them with a posi- tive attitude. Do you focus on what you have or on what you have lost? As you go through life making mistakes, you will inevitably lose things along the way—money, close relationships, personal property, you name it.
But how much time do you spend holding onto those mistakes? How much time do you spend calculating your losses and wishing you had back everything you had lost?
The longer you dwell on past failures and losses, the longer you will stay captive in your current state of failure. You must let go of your past failures and focus on where you are going. Have you ever wondered why the rearview mirror is 50 times smaller than the windshield? The windshield is so much larger to help us stay focused on where we are going versus where we have been.
Holding onto past wounds or losses will only stand in the way of achieving your rightful success as a trader. Every trader loses money and makes money as they trade, but successful traders will make more money than they lose. Successful traders spend no time worrying or thinking about their losses; they stay focused on the next opportunity that is knocking.
Holding onto past losses or failures creates a bitter mindset. If you come to the trading table with a bitter mindset or victim mentality, you will bring with you all your past emotional baggage that has stood in the way of you becoming successful at anything you attempted in the past.
If you want to be successful at trading, you must focus on what you have gained versus what you have lost. Are you a goal setter or a goal quitter? When you set out to do something, do you persist until you succeed or do you get discour- aged and quit along the way? One of the most important habits to develop is the habit of finishing what you started.
My son recently graduated from high school. At his graduation ceremony, the princi- pal stood up and congratulated everyone for completing 12 years of education. He also pointed out that during the last year of school, 48 percent of the students in the graduating class had dropped out. They came so close, but they did not persist until the very end. Most people in life are rainbow chasers; they set new goals almost daily. As a result, they never move forward in any one direction. Setting goals helps you create a road map in life, outlining where you are going.
Without that road map you can easily get off track without even knowing it and not know how to get back on. If you do not create goals as you learn to trade, you will not have any recog- nizable milestones of achievement. Any great achievement will be accompanied by setbacks, but beginning with a clear goal in mind will keep you on track to reach your goals even after you hit a detour.
Traders who set goals and persist until they succeed reach their pot of gold at the end of the rainbow. That does not mean you will make money percent of the time, rather, that you consistently make more money than you lose. Persisting to achieve your realistic goals is nothing more than discipline in action. They are what I call constitution-based versus feeling-based. Successful people have strong convictions. They are very clear about their personal constitution and their purpose in life.
They have their priorities in check and have the right perspective and attitude when it comes to facing the internal battle between the two wolves that exists in all of us. Your personal constitution will mirror your trading results. You have an obligation to your personal future, happiness, health, family, and income to establish a solid personal constitution. Developing a solid personal and trading constitution is the first step of your journey toward successful trading on Forex.
I started this book on trading by pointing out the importance of creating an emotional and psychological constitution before teaching you any technical skills.
What good does it do to teach you technical skills if you do not have the courage to execute them? Why teach you trading rules if you are a rule breaker? There is no point to teaching you how to take advantage of new trading opportunities if you cannot let go of your past mistakes and failures. Developing a solid personal and trading constitution will be the first step of your journey toward finding your rightful pot of gold in trading.
I look forward to accompanying you on your journey to the end of your trading rainbow. Let our journey begin…. I was working out of our office in Sydney, preparing for a class, when I was e-mailed the list of attendees. The registrar told me there were 26 Australians signed up for the class and one Scotsman, named Ian, who had a very strong Scottish accent.
The next morning I started class the way I always do, asking everyone their names, their current occupations, why they want to learn trading on the Forex, and, more importantly, why they chose to get involved with my company, Market Traders Institute, versus another.
We started going around the room introducing ourselves and eventually came to Ian. Ian was an older fellow, perhaps in his late fifties, and in great physical shape. I just happened to be here in Australia for a bit when your advertisements caught my interest. I called your office and they told me all about you, so I came here because I was told you could teach me how to trade on the Forex and make money. Is that true?
Without fully understanding the psychology of trading, any strategy will result in long-term trading losses. Forex Strategies Once you have learned the basics of Forex trading, it will be time to identify the best Forex trading strategies for you. None suits all traders, so you must first determine what type of trader you want to be. From there, you can research existing strategies, modify them, or create one of your own.
One of the most important aspects is to test it in a live trading account to get real trading results. Micro accounts are ideal for this purpose. Should you decide on acquiring an existing EA, make sure to test it in a demo account, as it could have bugs that cause trading errors missed by the development team.
This can include a more complex analytical approach, hedging your positions, using multiple entry and exit points, and cross-asset diversification. You will need a larger capital size in your portfolio, so as you grow your account with basic Forex trading strategies, you will also build your knowledge base. Once the conditions are in place, you can expand by implementing advanced Forex trading strategies, which will increase your overall profitability over time.
Never rush the process, as you cannot acquire knowledge with money but by trading in a live trading account over an extended period.
Trading Cryptocurrencies With the emergence of the cryptocurrency market, Forex traders have one more asset class to expand their trading profile. There are also a lot more assets, with over 7, and growing. Regrettably, frauds and scams are present. Trading cryptocurrencies can unlock a sustainable income stream, but you must follow trading strategies and not the social media crowd.
The basics of trading cryptocurrencies, Forex, and any other asset class are similar, so you must understand the differences to make the appropriate adjustments. Day Trading Forex Day trading Forex generally means that you will open and close your trades during the day, never keeping overnight positions.
It is a popular trading strategy, and you will avoid swap rates on overnight positions together with unexpected events that can results in losses while you sleep. There are specific strategies designed for day trading Forex since you will focus on shorter time frames, fewer pips per trade, and higher trading volumes. ECN accounts with raw spreads and competitive commissions cater to day trading in Forex.
Before you can focus your attention on all the exciting aspects the Forex market has to offer, you must master the basics. Take your time with education, as it will form the foundation of your Forex trading path.
Understand the psychology of trading before you proceed with opening a live trading account, make a small deposit you can afford to lose, and continue with education until you manage consistent profitability.
After that, you can graduate to a more significant deposit and slowly expand. FAQ Is trading Forex worth it? While extremely challenging, demanding, and time-consuming until you learn how to trade successfully, every trader who mastered the process will agree that the long-term benefits are worth it. Is Forex a pyramid scheme? No, it is far from it. Some scammers prey on new traders with false promises and investment schemes using a pyramid, but it does not reflect the nature of the Forex market.
Is Forex trading easier than stocks? The capital requirements to trade Forex are significantly less than stocks, and the leverage is higher, but the ease or difficulty of trade remains similar and dependent on the trader. Free Forex Ebooks. Jump Start Your Forex Trading. Free Download. This ebook answers the most pressing questions of new traders.
Tested Trend Trading Strategy. Grace Cheng is an investor, Forex trader and co-founder of DailyMarkets. Orbex covers 7 essential Forex trading strategies: day trading, scalping, news trading, hedging, momentum trading, swing trading and trend trading.
It introduces each strategy, before outlining its pros and cons. Currency Trading For Dummies is a hands-on guide that explains how the Forex markets work and how you can become part of it. It touches on currency trading conventions, terminology, the characteristics of successful traders and risk management rules to protect your capital. The third edition of Day Trading and Swing Trading the Currency Market describes technical and fundamental trading strategies to help you succeed in the Forex market.
It touches on inter-market relationships, interest rate differentials, option volatilities and news trading. The author also covers the best time to trade currencies and the unique characteristics of certain currency pairs.
In this factsheet, the U. Securities and Exchange Commission touches on the unique characteristics of the Forex market, and draws attention to its inherent risks. It explains why leverage matters, and how it can bring about losses that exceed your entire investment in the absence of negative balance protection.
In this presentation, IFC Markets provides a high-level overview of the many different Forex trading strategies you may encounter.
It organises these into different families, such as trading strategies built around technical analysis, fundamental analysis, trading style and order types. Download this free eBook to get access to exclusive educational material from AvaTrade. Open a live or demo account to access SharpTrader, AvaTrade's trading school where you'll find a wide range of free courses for traders of all levels.
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