The Basics of Successful Currency Speculation. V. Maksimov
The Forex market is the most popular among beginning traders, which is not surprising: we encounter currencies every day, while securities are only seen in movies.
While it may seem simple to buy currency and then sell it at a profit, even this simple form of trading has many nuances. These
nuances are easier to learn from a book than to gain experience from your own mistakes, especially when every mistake costs money.
Unfortunately, most books by Western authors are devoted to stock trading, where the Forex market is not very popular.
However, recently, Russian authors familiar with Forex have begun to actively fill this knowledge gap.
The book "Fundamentals of Successful Currency Speculation" falls into this category; it contains information about the market itself and the basics of trading.
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 exchange rate formation.
3. Technical analysis – graphical figures on currency pair charts, wave theory and other technical analysis tools.
4. Trading tactics - the most Popular Forex tactics, rules for placing different types of orders and managing open positions.
5. Capital management – reducing losses with stop orders, calculating the ratio between profits and losses.
6. The psychology of traders' actions – what motivates those who come to the exchange, the classification of trader types, and the market laws that influence results.
7. Working with software – techniques for making transactions, opening orders, trading operations window, technical analysis module.
At the end of the book, there is a glossary of stock market terms that will help you better understand the information.
Download "The Basics of Successful Currency Speculation" by V. Maksimov
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