The Basics of Successful Currency Speculation. V. Maksimov
The Forex currency market is the most popular among novice traders, this is not surprising; we deal with currencies every day, and we see securities only in movies.
Despite all this, it may not seem easy to buy a currency and then sell it for a profit, but even this simple type of trading has a lot of nuances.
Which is easiest to learn from a book than to gain experience from your own mistakes, especially if every mistake costs money.
Unfortunately, most books by Western authors are devoted to trading on the stock exchange; the foreign exchange market is not very popular there.
But recently, this gap in knowledge has been actively filled by domestic authors familiar with the Forex topic.
The book “Basics of Success in Currency Speculation” falls precisely into this category; in it you will find information about the market itself and the basics of trading on it.
Main sections:
2. The foundation of success - what is it? the secret to making a profit, application of various types of analysis and forecasting, principles of formation of exchange rates.
3. Technical analysis – graphic figures on the charts of currency pairs, wave theory and other technical analysis tools.
4. Trading tactics - the most popular forex tactics, rules for placing various types of orders and managing open positions.
5. Money management – reducing losses using stop orders, calculating the ratio between profits and losses.
6. Psychology of a trader’s actions - what motivates those who come to the exchange, classification of types of traders, market laws that influence the result.
7. Working with software - techniques for making transactions, opening orders, trading window, technical analysis module.
At the end of the book there is a dictionary of stock terms that will help you better perceive the information.
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