Skip to main content

Beginner: Read this book to understand trading and how to make profit

About the book - Trading for Dummies:

Many people have misconceptions about trading and its risks. Most people
think of the riskiest type of trading — day trading — whenever they hear
the word trader. We’re definitely not trying to show you how to day trade.
Instead, we want to introduce you to the world of position trading, which is
much safer, less risky, and yet a great way to build a significant portfolio.




Don’t get the wrong idea; trading in securities always carries risks. You
should never trade with money that you can’t risk losing. That means trading
with your children’s education savings isn’t a good idea. If you want to trade,
set aside a portion of your savings that isn’t earmarked for any specific use
and that you believe you can put at risk without ruining your lifestyle.

Obviously, we plan to show you ways to minimize risk, but we can’t promise
that you won’t take a loss. Even the most experienced traders, the ones who
put together the best trading systems, don’t have a crystal ball and periodically
get hit by a market shock and accompanying loss. By using the basics of
fundamental and technical analyses, we show you how to minimize your risk,
how to recognize when the market is ripe for a trade, when specific sectors
in the market are the right places to be, how to figure out which phases
economic and market cycles are in, and how to make the best use of all that
knowledge.

You’re ready to enter the exciting world of trading. You can start anywhere
in the book. Each of the chapters is self-contained. But, if you’re totally new
to trading, starting with Chapter 1 is the best way to understand the basics.
If you already know the basics, understand everything about the various
markets and exchanges that you care to know, have a broker picked out, and
have all the tools you’ll need, you may want to start with fundamental analysis
in Part II. Remember, though, to have fun and enjoy your trip through the
exciting world of trading.

Download the e-book here:

Trading for Dummies.pdf















Comments

  1. IRB Infra: CBI Files charge sheet against IRB and its Promoters along with certain concern persons for Pune land case deal.
    Trading Tips

    ReplyDelete
  2. Trading in market is risky and traders should carefully analyze their risk bearing capability to trade in a safe manner. To manage risk and returns in a better way traders can consider experts recommendations on trading tips, mcx tips , day trading tips and more.

    ReplyDelete

Post a Comment

P O P U L A R

Perfect Setup Trading System

As the title goes, so as this indicator works. I tried it for quite some time and I found it really details. Using the price meter, you can see what is the current trend, the currency strength, and how strong the market is. Thanks to all the guys that work on this indicator and expert advisor. Although you are a newbie, this indicator should teach you about what the chart means and what it shows. All you have to do is to follow the signal everytime it pop ups. The signal will alert you to buy or to sell at a specific price. OK, enough explanation. See below pic for more details of how it works and what it gives you. For free download of the Perfect Setup Trading System, click below : PSTS Template & Readme _xMeter_mini_v1[1].3 FerruFx_Multi_info+_light_chart_v1.1 NonLagMA_v7[1].1 #Signal_Bars_v6 Copy files to your indicator folder: - #signal_Bars_v6.ex4 - NonLagMa_v7[1].1.mq4 - FerruFx-Multi-info+_light_chart.mq4 Copy file to your template folder: - perfect set...

Forex Executor Pro

Forex Executor Pro comes directly from the house of Forex Impact, lead by Jason Fielder and his crew who produced the Triad Trading Formula. Forex Executor Pro is software that you can run on your MT4 trading platform and is fully compliant with the new NFA FIFO regulations. In a nutshell the Forex Executor Pro lets you trade like you use to without having to worry about what your broker is up to or regulations that have been put in place. Plus, it comes with an assortment of other trading treats that give you access to functionality that only programmers and high end users had access to in the past. Here’s an overview of what you can get access to with Forex Executor Pro: Create Pending Orders It’s better than MT4 because brokers won’t see these orders. This means the broker won’t know when you plan on getting in and out of trades. Breakeven Functionality This is really cool and quite unique. It allows you can move your Stop Loss to your Entry Point after you reach X number of pips pr...