Do you want to master the market with the best mindset? If yes, then keep reading!
Currency trading is speculation. It is as simple as that. You are using what knowledge and information you have to make a profit by buying currencies. It is like buying stocks or any other financial security; you make a transaction and hope to make a profitable return on it.
However, in the Forex market, the securities you are dealing with concern the currencies of nations.
But in the world of Forex, speculation is not based on blind assumptions.
It is not even gambling (even though some people might think that it is). When you gamble or make a guess, you are playing with your money even though you know that the odds are against you.
Typically, when you invest, you are aiming to minimize the risks and maximize the return over a certain period of time (usually months or years).
In Forex, you are maximizing profits over a short period of time (usually minutes, hours, or days). This involves speculating (or also known as "active trading" in the Forex world) where you adopt calculated financial risks in order to gain a profit.
This book covers:
- What Is Forex Trading?
- Financial Freedom with Forex
- Forex Trading Strategies and Tactics
- What Is Divided Investing?
- Divided Investing Strategies and Tactics
- Set Your Budget
- How to Choose Your Broker
- Choosing the Right Stocks and How Comparing Stocks
- The Most Common Mistakes to Avoid
- Risk in Stock Investing and Diversification
- Currency Futures and Crypto currencies
- Basic Economic concepts, every Trader Should Know
And much more!!!
And there you have the keyword that comes into play when describing Forex: calculated.
You are not just sitting blindly twiddling your thumbs, hoping to make money. You are going to read the trends, understand the shifts, and even use the latest news to make calculated risks.
