Overview

"Are you considering trading forex or have been trading making any progress?Before You Trade Forex is a crucial resource for beginners and struggling traders in the forex market. Unlike typical trading guides, it doesn't focus on trading techniques but rather on the essential skills and mindset needed for success. Highlighting that forex trading is 80% psychology and 20% skill, it emphasizes mastering risk management, emotional control, and discipline. The book covers fundamental topics necessary for profitable trading, enabling readers to build a solid foundation. Whether you're new to forex or seeking improvement, this guide offers valuable guidance to overcome common pitfalls and achieve trading goals. By focusing on psychological aspects and risk management, ""Before You Trade Forex"" equips traders with the necessary tools to thrive in the dynamic world of currency trading. It covers topics ranging from - How forex trading works - Different types of brokerage accounts - Funding your account and leverage - Forex trading platforms - Risk management and asset allocation - Types of brokers and how to choose a forex broker - Forex transaction costs and spreads - Technical and fundamental analysis - Trading styles - Forex trading strategy and planning - Forex business plan - Learning how to trade forex from a school or academy - Common forex beginner mistakes - Avoiding common broker and market movers' antics - Money management in Forex - Emotional intelligence - Forex Multilevel marketing schemes"

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9781792714856

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