Oliver Morrison - Forex Trading: A Comprehensive beginner’s guide to learn the realms of Forex trading from A-Z

Money is the driving force, and I dont think anybody will oppose this factor. But then, why did I bring this factor into the book of Forex trading? Most nave traders who enter the market with zero knowledge assume that they can make millions overnight. But, Forex trading is not about overnight success. If you want to earn extra money, Forex is a great choice. Yet you must work for it. Even though it is a part-time gig, if you dont do your part, you will not be able to earn, or worse, youll lose what you already have.

Nevertheless, Forex trading is not only a part-time gig. Instead, you can treat it as a full-time career as well. If you look at Investor George Soros, youll find inspiration. Basically, to become a trader or an investor, you must be a dedicated individual. When I started trading, I was in the same place you are right now--excited and impatient. But, I dont want you to fall into the same category; hence, Ill provide all the required details that a beginner must know.

Before you dig into the content, try to understand what Forex trading is! Well, Foreign exchange, or Forex, in short, is merely the conversion of currency from one form to another. Exchange of different currencies happens all the time. In fact, it happens millions of times each second. Currency exchange is a large part of why the entire global economy works given that each country uses a different type of currency. Various companies from around the world source out different products and components that are bought from other countries and manufacturers.

So, to purchase these items, a company has to convert their currency into the suppliers currency to complete the transaction. A single manufacturer will probably need to buy a lot of materials to produce a single product. These materials may come from local suppliers who ship these items in bulk from other countries. That same product can then be sold to other countries. With just that single product, hundreds of foreign exchange transactions are needed. Apply this notion to the millions of other products worldwide, and you will begin to see just how large the scope of currency exchange is in the global market.

I know, the above definition of the currency exchange market wouldnt have been easy to grasp. But, when you get into the market and start trading, things will fall into the right place. However, unlike other beginners, dont take the Forex market as a simple thing because it is not! If you want to trade Forex, you must be ready to study it from A-Z. Most nave traders begin their journey through the influence of advertisements and recommendations. Of course, Forex is one of the popular markets in the financial industry, so how it is not a hot topic? But, just because millions of people are making money, you shouldnt dive into the market without wearing your safety kit. Hence, Ill cover a lot of topics that will help you get started with reading. Nevertheless, you are going to find out the following:

History

Size of the Market

Forex Basics

Currencies

Movement

Making Money

Forex Brokers

Trading vs. Investing

Trading Elements

Managing Expectations

Forex Analysis

Introduction to Analysis

Fundamental Analysis

Basic Trading Strategies

Long-term trading

Short-term trading

Trading Platforms

Risk Management

Common Trading Mistakes

Advantages of Forex trading

How to succeed in Forex trading

Psychology of Forex trading

You can get started once you read all these chapters and clear your doubts. And thats the only best option to begin your journey as a beginner. I repeat, dont dive into the market without your safety kit, i.e., Forex education!