Forex trading QuickStart guide : the simplified beginner's guide to successfully swing and day trading the global foreign exchange market using proven currency trading techniques / Troy Noonan.

Format:

Book

Author/Creator:

Noonan, Troy, author.

Language:

English

Subjects (All):

Foreign exchange.

Physical Description:

1 online resource (352 pages)

Place of Publication:

New York : ClydeBank Finance, [2022]

Summary:

THE ULTIMATE BEGINNER'S GUIDE TO FOREX TRADING IN 2024! **Includes FREE Digital Trading Tools and Bonuses! Trade Analyzer, Powerful Trading Indicator, Backtesting Checklist, and More!** Learn Why QuickStart Guides are Loved by Over 1 Million Readers Around the World Billions of dollars are moving through the forex market every hour. Are you ready to start trading? Everything You Need to Know About Forex Trading in a Comprehensive, Easy-to-Understand Guide Foreign currency markets run around the clock, and with little more needed than an internet connection, popular currency pairs can be traded from anywhere on the globe. With high liquidity, a decentralized marketplace, and commission-free trading across the board, foreign exchange trading is a powerful tool for anyone who wants to take control of their own financial success story. In Forex Trading QuickStart Guide, author and veteran trader Troy Noonan draws on his decades-long career spent in the trenches of the foreign currency markets to outline the exact path that new forex traders should take. Written by a Professional Day Trader with Over 30 Years of Experience The book presents insights distilled from thousands of trades on the global forex markets, including guidance on technical and fundamental analysis, interpreting charts, and mastering the psychology of successful forex traders. Wild trading successes, the lessons learned from painful failures, and the resulting forex trading fundamentals that Troy has imparted to thousands of trading students are on full display in this book. It doesn't matter if you are an experienced trader who is new to the foreign currency asset class or a complete novice just getting started-this book will demystify the international foreign currency market and put you firmly on the path to success! Forex Trading QuickStart Guide Is Perfect For: * Complete beginners - even if you've never placed a forex trade before! * Existing forex traders who want to hone their skills & increase their earning potential * Anyone who wants the freedom of making full-time income with part-time effort! Forex Trading QuickStart Guide Explains: * The Inner Workings of the Foreign Exchange Market * Currency pairs - How to Spot Opportunities and Execute Winning Trades * How to Back Test and Validate your Trade Plans to Minimize Trading Risk* With Forex Trading QuickStart Guide, You'll Easily Understand These Crucial Concepts: * The Mechanics of the Foreign Currency Markets - How to Analyze Popular Currency Pairs, How to Identify Good Entry Points, and How to Interpret the Geopolitical Factors Others Miss * Technical and Fundamental Analysis - How to Interpret the Language of the Markets and Know When to Hold On to Your Money, How to Spot Warning Signs and the Signals * The Psychology of Trading Forex - The Essential Mindset Changes That Bring Pro Traders to the Head of the Pack * How to Pick a Broker - What Essential Features to Look For in a World-Class Broker, How to Interpret Chart Patterns, and More! **LIFETIME ACCESS TO FREE FOREX TRADING BONUS RESOURCES** Forex Trading QuickStart Guide comes with FREE lifetime access to a library of exclusive tools designed to help you get started quickly and become a better trader faster including: * Ultimate Trade Analyzer * Backtesting Checklist * Risk Allocator Workbook and more! *All market exposure, including forex trading, carries a risk of financial loss. Losses may exceed deposits. No system or trading approach can eliminate financial risk.

Contents:

Intro

Introduction

Who I Am

Trading, Teaching, and Learning Forex

Trading Is War. Don't Be a Casualty.

Meet Two Traders

Let's Get Started

Chapter by Chapter

PART I - Exploring the Forex Market

| 1 | The Great Big World of Financial Markets

What Are Financial Markets, and Why Do We Need Them?

Types of Financial Markets

How Financial Markets Work

Forex: The Largest Market of Them All

| 2 | Understanding the Forex Market

A Brief History of Forex Trading

Who Trades in the Forex Market?

Forex Market Hierarchies

| 3 | Currencies and Lot Sizes

Currencies Traded on the Forex Market

Currency Pairs

Understanding a Currency Quote

Forex Lot Sizes

Forex: The Market that Never Sleeps

| 4 | Factors that Affect Currencies

Political, Natural, or Social Circumstances

Inflation and Interest Rates

National Debt

Balance of Trade and Current Account Deficits

Gauging the Effects of These Factors

| 5 | Determining If Forex Trading Is Right for You

Assessing Your Goals

Assessing Your Current Situation

Figuring Out the Style that Works Best for You

Practice and Patience Are Necessary

Diving In

PART II - Tools of the Trade

| 6 | Choosing a Broker and a Platform

Selecting a Broker

Selecting a Trading Platform

Some Forex Brokers and Platforms

The Case for Having More Than One Account

| 7 | Using Technical Analysis

Technical Analysis vs. Fundamental Analysis

Price Charts: An Important Technical Analysis Tool

Reading a Price Chart

How to Draw Trend Lines

Support and Resistance

Do Not Overcomplicate Your Chart

| 8 | Understanding Chart Patterns

Trending and Consolidating Markets

Common Reversal Patterns

Common Continuation Patterns

Tips for Using Patterns

| 9 | Understanding Indicators

Introducing Indicators.

Using Moving Averages

Volatility Indicators

Oscillators

Momentum Indicators

Finding Indicators that Give You the Greatest Edge

| 10 | Applying the SMA Indicators

Using the 20 SMA on a Five-Minute Chart

Using the 20 SMA on a 15-Minute Chart

| 11 | Using Trading Systems

Defining a Trading System

Using Custom Trade Methodology

Finding a Dynamic System for Trading

| 12 | Using Dynamic Systems

The Snapshot Trading Technique

The 1-2-3 Trade Setup

PART III - Increasing Your Chances for Success

| 13 | Putting Risk Management to Work for You

Volatility Risk

Using Leverage

Drawdown and Losing Streaks

Using Stop Losses

Setting Position Size

| 14 | Managing Trades

Exhaustion Trades

Swing Trading Using the Exhaustion Trade

| 15 | Trading and Digging Ditches

Trade Methodology

Risk and Money Management

The Importance of Trading Psychology

The 5-Point Rites of Passage Action Plan

Conclusion

Appendix

About the Author

About ClydeBank Media

Glossary

References

Copyright.

Notes:

Description based upon print version of record.

Description based on print version record.

Includes bibliographical references.

Other Format:

Print version: Noonan, Troy Forex Trading QuickStart Guide

ISBN:

9781636100142

1636100147