e-book

TRADING GUIDE FOR FOREX TRADERS is an educational book of forex and stock. It teaches traders how to trade perfectly to win excellent profits and  avoid undesirable lose of fund. It teaches traders on what to learn before putting the real money into asset trading. It tells the trader about what know about stock trading and how to get first hand research information that can aid them in their daily trading activities. It teaches traders the exact zone where they should place trade inorder to maximize their profits. It explains various terminologies the trader would come across in foreign exchange ventures. It elaborate on various trading rules that must be  observe in order to arrive at the desired outcome successfully.

This  book discourse how forex trend works. Trend as a friend of traders is being elaborate for the trader  to know that  the price of any particular stock may choose to move forward or backwards due to so many factors whether natural. economic or political influence which a competent trader that have studied through this book can freely forecast to certain degree of accuracy, if not in totality.

The origin and history of foreign exchange trading is explained in detail for the proper understanding of how and where it  started. It is explained that when the forex started it was not embraced by the majority of people. It was later on when people then began to see usefulness of it that they began engaging in it as a mean earnings. It spread  across the globe when the invention of computer and internet communications became prominent. Today, over two trillions of American dollar flows through the forex market on a daily basis. Today, almost every country are participating in the forex trading activities. Even individuals take part in it as retailers.

This book explains in detail about data analysis involving the use of the past market data by employing the chart. Using the market chart, trader would be able to analyze the trends properly. There are indicators embedded in the the forex market charts the trader can take advantage of, by launching them on the chart for a clear analysis. Trader can plan his trade forecast possible direction of the market trends.

Market would either appreciate or depreciate with time due to factors which  be natural, economic or political. Even psychological factor can trigger the market direction. By the use of indicators, traders can detect what is likely to happen. Apart from the charts indicators, news are released by the financial institution periodically.

This book discusses the trading mechanism. Trader either sell or buy the desired market that can fetch him profit. When a trader buy an asset, he is on the long position hoping that the price of the assets will appreciate with time for him to make profit. When sell he is the short position expecting the price of the asset to fall drop and he would make profit if eventually the price drops 

This book explains how to place order in the market and how to manage unforeseen risks. Trader can place a limit order at the prominent resistance and support zones and wait for the price to pick up the order. It is advisable to wait for the price to hit the resistance or support before  placing any direct order. That is why it  is advisable to rather place limit order or pending order. It saves time and energy of sitting gazing at the screen for the price to hit pivots point. 

Should it happen the price trend does not go in traders favor, he could place an opposite instant order to hedge the already existing active order to prevent the account margin call.

This book enlightens traders about the various time frame method of trading traders can adopt to suit his personality. There are short time, long time and medium time trading. A short time trading is a transaction which takes within few minutes to few hours. Long time trading takes months to years before taking profit.