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    Learn How to Earn with Forex Trading
    Learn How to Earn with Forex Trading
    Learn How to Earn with Forex Trading
    Ebook106 pages1 hour

    Learn How to Earn with Forex Trading

    By Donald Keyn

    ()

    Read preview

    About this ebook

    If you are reading this description, I bet you want to start learning FOREX TRADING but you don't know where to start. True?

     

    I have 2 good news for you:

     

    - Getting started in forex trading is very simple
    - You are going to buy the right book

     

    I will explain to you clearly and in simple words the basics of the forex market.

     

    LEARN HOW TO EARN IS A BOOK SERIES THAT INTRODUCES THE READERS TO THE WORLD OF TRADING ONLINE.

     

    The books in the series include many topics:

     

    - FOREX TRADING
    - CRYPTOCURRENCY TRADING
    - STOCK TRADING
    - ETPs & ETFs TRADING

     

    Among my books you can also find the complete series at a discounted price. Do not miss the opportunity to understand the whole world of TRADING ONLINE.

     

    BOOK 1 - LEARN HOW TO EARN WITH FOREX TRADING
     
    The term Forex Trading indicates the global and decentralized financial market, where currencies are bought and sold. When we talk about Forex we are referring to that specific trading that operates, at the hands of traders and investors, on the foreign currency exchange markets.

     

    In this book you will find:

     

    - What is FOREX TRADING
    - FOREX TRADING terms explanation
    - What is volatility
    - Pros & Cons
    - Risk Management
    - Best tools and software

     

    Don't wait any longer, go back to the top of the page and click on the "BUY NOW" button.

    LanguageEnglish
    PublisherDonald Keyn
    Release dateJul 6, 2021
    ISBN9798201604714
    Learn How to Earn with Forex Trading

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      Book preview

      Learn How to Earn with Forex Trading - Donald Keyn

      LEARN

      HOW TO EARN

      with

      FOREX TRADING

      Donald Keyn

      © Cоpyright 2021

      Аll Rights Rеsеrvеd.

      This rеpоrt is tоwаrds furnishing prеcisе аnd sоlid dаtа cоncеrning thе pоint аnd issuе sеcurеd. Thе prоductiоn is sоld with thе pоssibility thаt thе distributоr isn't rеquirеd tо rеndеr bооkkееping, fоrmаlly аllоwеd, оr sоmеthing еlsе, quаlifiеd аdministrаtiоns. Оn thе оff chаncе thаt еxhоrtаtiоn is impоrtаnt, lаwful, оr prоficiеnt, а rеhеаrsеd individuаl in thе cаlling оught tо bе rеquеstеd.

      Thе Dеclаrаtiоn оf Principlеs, which wаs аlsо rеcоgnizеd аnd еndоrsеd by thе Cоmmittее оf thе Аmеricаn Bаr Аssоciаtiоn аnd thе Cоmmittее оf Publishеrs аnd Аssоciаtiоns.

      Nоt thе slightеst bit is it lаwful tо rеplicаtе, cоpy, оr trаnsmit аny piеcе оf this rеpоrt in еithеr еlеctrоnic mеthоds оr thе printеd grоup. Rеcоrding оf this distributiоn is cаrеfully disаllоwеd, аnd аny cаpаcity оf this rеpоrt isn't pеrmittеd еxcеpt if with cоmpоsеd аuthоrizаtiоn frоm thе distributоr. Аll rights hеld.

      Thе dаtа gаvе in this is еxprеssеd, tо bе hоnеst, аnd prеdictаblе, in thаt аny risk, аs fаr аs аbsеntmindеdnеss оr sоmеthing еlsе, by аny utilizаtiоn оr mаltrеаtmеnt оf аny аpprоаchеs, prоcеdurеs, оr bеаrings cоntаinеd insidе is thе singulаr аnd аrticulаtе оbligаtiоn оf thе bеnеficiаry pеr usеr. By nо mеаns will аny lаwful оbligаtiоn оr fаult bе hеld аgаinst thе distributоr fоr аny rеpаrаtiоn, hаrms, оr mоnеy rеlаtеd misfоrtunе bеcаusе оf thе dаtа in this, еithеr strаightfоrwаrdly оr by implicаtiоn.

      Pаrticulаr crеаtоrs clаim аll cоpyrights nоt hеld by thе distributоr.

      Thе dаtа in this is оffеrеd fоr еducаtiоnаl purpоsеs еxclusivеly аnd is аll-inclusivе аs sо. Thе intrоductiоn оf thе dаtа is withоut а cоntrаct оr аny sоrt оf аssurаncе cоnfirmаtiоn.

      Thе trаdеmаrks thаt аrе utilizеd аrе with nоаssеnt, аnd thе distributiоn оf thе trаdеmаrk is withоut cоnsеnt оr suppоrt by thе trаdеmаrk prоpriеtоr. Аll trаdеmаrks аnd brаnds insidе this bооk аrе fоr еxplаining purpоsеs just аnd аrе simply pоssеssеd by thе prоpriеtоrs, nоt pаrtnеrеd with this rеcоrd.

      TABLE OF CONTENTS

      INTRODUCTION

      CHAPTER 1:

      WHAT IS FOREX TRADING?

      CHAPTER 2:

      BASIC TERMS IN FOREIGN EXCHANGE

      CHAPTER 3:

      VOLATILITY IN FOREX TRADING

      CHAPTER 4:

      FOREX TRADING PROS AND CONS

      MANAGING RISK IN FOREX

      CHAPTER 5:

      BEST TOOLS AND SOFTWARE

      CONCLUSION

      INTRODUCTION

      The Forex market is a thrilling place to be. One of the advantages of trading in the currency market is that you can do so at any time convenient for you.

      The global Foreign exchange market (‘FX,' ‘Forex,' or ‘FOREX') is the world's largest market by daily turnover, exceeding the combined turnover of the world's stock and bond markets by more than US$5 trillion every day. One of the numerous reasons why so many private investors and individual traders have entered the FX market is the industry's high turnover. Many advantages have been discovered by the investors, many of which are not available in other markets.

      CHAPTER 1:

      WHAT IS FOREX TRADING?

      Forex trading is, at its most basic level, analogous to the currency exchange you could perform while traveling abroad: A trader buys one currency and sells another, and the exchange rate swings frequently as supply and demand dictate.

      The foreign exchange market, a global marketplace open 24 hours a day, Monday through Friday, is where currencies are transacted. All forex trading is done over the counter (OTC), which means there is no physical exchange (as there is for stocks). Instead, the market is supervised by a global network of banks and other financial organizations (instead of a central exchange, like the New York Stock Exchange).

      Institutional traders, such as those who work for banks, fund managers, and multinational organizations, account for the great majority of trade activity in the FX market. These traders may merely be speculating on or hedging against future exchange rate swings, not necessarily intending to take physical possession of the currency. A forex trader, for example, would buy US dollars (and sell euros) if she feels the dollar will grow in value in the future, allowing her to buy more euros. Meanwhile, an American corporation with European operations could use the forex market as a hedge if the euro drops, lowering the value of its earned income.

      How Currencies Are Traded

      All currencies have a three-letter code, similar to the ticker symbol of a stock. While there are more than 170 currencies globally, the US dollar is used in the vast majority of forex transactions, therefore knowing its code: USD is extremely useful. The euro, accepted in 19 European Union countries, is the second most popular currency in the forex market (code: EUR).

      The Japanese yen (JPY), the British pound (GBP), the Australian dollar (AUD), the Canadian dollar (CAD), the Swiss franc (CHF), and the New Zealand dollar (NZD) are the other major currencies in order of popularity (NZD).

      Every transaction in forex is expressed as a combination of the two currencies being traded. The following seven currency pairs, collectively known as the majors, account for over 75% of all forex trading:

      USD/JPY

      GBP/USD

      USD/CAD

      USD/CHF

      EUR/USD

      AUD/USD

      NZD/USD

      How Forex Trades Are Quoted

      • The exchange rate is the amount of the quote currency required to purchase one unit of the base currency. As a result, the base currency is always expressed as one unit; however, the quote currency fluctuates depending on the current market and the amount required to purchase one unit of the base currency.

      • If the EUR/USD exchange rate is 1.2, €1 will purchase $1.20 (or, to put it another way, $1.20 will purchase €1).

      • When the exchange rate rises, it signifies the base currency's value has increased relative to the quote currency (since €1 buys more US dollars), and when the exchange rate falls, it means the base currency's value has decreased.

      A quick note: Currency pairs are normally given with the base currency first and the quote currency second, while some currency pairs are expressed otherwise due to historical conventions. For example, conversations from USD to EUR are listed as EUR/USD rather than USD/EUR.

      Three Ways to Trade Forex

      Most forex trades aren't conducted to exchange currencies (as you could do at a currency exchange while traveling) but rather speculate on future price changes, similar to stock trading. Forex traders, like stock traders, try to acquire currencies whose values they believe will rise in relation to other currencies and sell currencies whose purchasing power they believe will fall.

      There are three main strategies to trade

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