Monday, November 6, 2017

Currency trading for dummies

“Currency trading for dummies” is a good book for Forex trading beginners. If you want to learn to trade forex, this is the right book to start with. Today, I think I should write some thoughts about it.

First, I often read a lot of forex trading books, but I never do reading study notes. So, from today, I will write a currency trading guide for dummies. I think it's the best way to learn currency trading.

Second, why 90% of currency traders lose money? Because they only try to find a easy way to make extra money fast. 

In fact, there is no forex trading secret in the world. Success comes from hard work and execution.

Third, I am going to write a currency trading plan.
  • It can define the real goals for a currency trader
  • It can define your money management rules
  • It can define your currency trading strategy before you enter into a trade.
  • It can define the forex trading entry and exit points
Fourth, it's a great pity that many beginners never start with a free demo account. 

So, I have to open a forex trading demo account and develop a solid, profitable forex trading systems.

Fifth, here are my successful forex trading strategies.
  1. Forex grid trading system
  2. One direction grid trading
  3. Bidirectional grid trading
  4. 4 hour forex trading system
  5. 15 minute scalping strategy
  6. Forex day trading strategy
Sixth, I must keep and maintain a forex trading diary. It can measure, track and stay focused on improving my forex trading performance.

Seventh, a lot of professional traders always put the extra into ordinary. They treat forex trading as a business.

In a word, how to become a successful forex trader? 

“Currency trading for dummies” would be a good starting book to read. By the way, I think true success is being superior to your former self.
Currency trading for dummies

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