The Forex Training Guide
The Traders Manual for All Traders
The Forex Training Guide – Chapter 1: What the Stock Market is All About.
In any business or moneymaking venture, preparation and foreknowledge are the keys to success. Without this sort of insight, the attempt to make a profitable financial decision can only end in disaster and failure, regardless of your level of motivation and determination or the amount of money you plan to invest.
In the stock market, this rule applies to the nth degree, as you are investing your own money in what could be considered a high risk wager, and you are playing with fire if you do not have at least a general background knowledge of how it functions.
Since having a background in any area is helpful in guiding you down a path in that particular region, the more solid your basis of investment knowledge is, the more likely you are to profit from any attempt to trade on the open market.
In many ways, trading on the stock market can be compared to driving – you do not have to be an expert to get behind the wheel of a car, though you are expected to have some previous
knowledge about basic traffic laws, including moving violations, safety regulations, and other legal vehicular infractions, which are learned through either specific study and coursework or even through some form of simple exposure (such as the years you have spent riding with your parents and others who have driven for years).
You should be able to comprehend the basic tools used to navigate a car (where the brake pedal is located versus the gas, and how to use the rearview mirror, for example), even if you have never touched a steering wheel.
The same is true in entering the world of the stock market. While you do not have to know all the terminology (you will not be short selling or determining your own long and short positions at first, so you do not have to understand these references completely, though you should be aware of them), you should certainly be versed in the basic functionality of trading stocks, bonds, securities, and other commodities.
And just like someone who is behind the wheel of a car and getting ready to touch the gas pedal for the first time, you should start out with caution and work your way in slowly. A first time driver will first set the mirrors to his or her own liking, then put the car in gear, look for any interfering traffic, and ease onto the gas pedal, never flooring it and testing the engine coming out of the gate on the first attempt.
Likewise, when you select your first investment, you should choose something stable with little fluctuation and not invest a large sum of money on this first venture.
When a person is learning to drive, he or she will be accompanied by another individual who is more experienced and can assist them in making better driving decisions and offering corrections that will aid in learning to handle the car more efficiently.
In the stock market, there are stockbrokers and other experts who can give you input and advice to help you in building your knowledge of the commodities in which you are interested, essentially “steering” you toward better stock market buying and selling decisions.
You could spend hours and hours researching the stock market and its functionality, learning how to become involved in the trade and who to contact to get in the game, especially if your interest lies in the Foreign Exchange Market, which goes far beyond the level of complication of the domestic stock market.
However, in this book, you will find all the basic information you need to get started down the path to trading success. All of the leg work and tough research has been done for you, collecting the data and knowledge into one source from which you can gain enough insight to make you a successful trader on the open market.
All you have to do is read in order to gain knowledge and wisdom, step by step that will bring you to a heady level of success. In this eBook, you will find all such helpful information, all brought together in one single source for ease of reference.
Read More Inside…
How Investment Works
Making Decisions In The Beginning
Chapter 2: Stock Market Trends
Bulls And Bears
The Market Outlook
Chapter 3: An Introduction to Forex
The History Of Forex
Chapter 4: Understanding Currency Conversion
Working With Multiple Currencies
Chapter 5: Understanding Statistics
Charts And Chartists
Understanding Market Trends
Devaluation And Revaluation
Appreciation And Depreciation
Chapter 7: Aspects Of The Trade
Long and Short
Chapter 8: Risk Management
Limit Orders And Balancing Risks
How Do I Handle a Whipsaw?
Chapter 9: Buzz Words
Margins, Spreads, And Other Condiments
Jobbers, Yards, And Other “Brit” Terms
Open And Shut
Chapter 10: Expert Trading Options
Volatility of Currency Conversion
Chapter 11: Other Trading Options
Chapter 12: In Review
The Basic Trade
Careers In The Market
Protecting Your Investments
Chapter 13: One Final Option
While “Chapter 13” is not an appropriate way to end a financial endeavor, it is, in this case, one of the most important conclusions to an incredibly helpful tool full of investment advice, especially when it is placed at the end of a book to offer assistance to those threatened with bankruptcy due to bad investment decisions.
There are always ways to turn around when you have begun to walk down the wrong path. Much like moving on to a new car after purchasing a lemon that has been nothing but a nightmare, you can reverse your direction.
Some people can spend days, months, and even years trying to conquer the stock market and still fail. In some cases, it is virtually impossible for an individual to ever get the hang of the functionality of the market. If you cannot follow market trends, then it is best that you do not make any investment decisions.
It is okay not to fit into the market. At the same time, you can still make money with investments. One final option you have is to create a discretionary account. This means that you sign a contract with your stockbroker and turn over a sum of money to the agent for investment, leaving the determination of placement of that investment in the hands of your agent. You never again have to worry that you have made a bad investment.
In fact, in this scenario, you do not even have to follow any market trends or other information that has anything to do with financial investment. Your broker will simply let you know when you have increased your net worth or if your assets have taken a dive.
Whatever choices you make in regards to moving in on the stock market, you need not worry about not having the essential information to help you get through your first few trading experiences. Now, you have the basic knowledge and the essential reference guide to get you started on the path to success and wealth that you can access at any given time.
Download Your Copy Now! $12.95
Click on the Blue Button Below for Instant Access!