Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Forex Trading Making Pip By Pip: A Step-By-Step Day Trading Strategy
    Forex Trading Making Pip By Pip: A Step-By-Step Day Trading Strategy
    Forex Trading Making Pip By Pip: A Step-By-Step Day Trading Strategy
    Ebook109 pages1 hour

    Forex Trading Making Pip By Pip: A Step-By-Step Day Trading Strategy

    By Speedy Publishing

    ()

    Read preview

    About this ebook

    Expert and amateur investors can both benefit from the Forex trading strategy. Having access to 24 hour information and trading schedules gives investors knowledge and insight to make trades throughout the day. The site offers loads of information and links for further research. Foreign currencies have long been a hot trading platform for serious investors and now their strategies are available to everyone. A free trial account allows traders to experiment while learning new trading techniques without taking any unnecessary risk.
    LanguageEnglish
    PublisherSpeedy Publishing LLC
    Release dateJul 23, 2014
    ISBN9781634281706
    Forex Trading Making Pip By Pip: A Step-By-Step Day Trading Strategy
    Author

    Speedy Publishing

    At Speedy Publishing, we envision our company and publishing arm as being a premier publisher of quick-reference materials, useful reference books, fiction books in all sub-genres and creative non-fiction to both entertain and assist readers worldwide in reading a fun and exciting books and also accomplishing their educational and professional goals. We continually update our products, ensuring accuracy of information, making sure they are fun and entertaining. Our products are always available in whatever format our readers need.

    Read more from Speedy Publishing

    Related to Forex Trading Making Pip By Pip

    Related ebooks

    Investments & Securities For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      What Is Forex Trading?

      Mar 1, 2022

      What Is Forex Trading?
      6 min read

    • Article

      He Learned to Trade for Profit - and Can Teach You, Too

      Jan 31, 2019

      Raymond Rondeau, 55, of Exeter, R.I., is a trader, president of the New England American Association of Individual Investors chapter, and creator of AAII's new course, "Investing Strategies and Technical Analysis." When did you start trading? I began

      2 min read

    • Article

      Discipline Goes A Long Way

      Mar 31, 2022

      The life of a trader is not what most of us might imagine it to be – that is, glamorous, exciting and paved with gold. More likely it is solitary, private, a bit boring and, when done right, provides a living. We could all be traders. We could all be

      5 min read

    • Article

      How To Count Your Losses

      Nov 15, 2019

      in the previous issue (7 November), I wrote about trading, and in particular about gearing via the use of derivatives, as well as what we should (or shouldn’t) be trading. I promised to return to the other two parts of the equation: How to employ a s

      3 min read

    • Article

      Learn How To Spot A Rip-off

      Feb 24, 2021

      Learn How To Spot A Rip-off
      3 min read

    • Article

      RSI Alone Not Enough

      Sep 18, 2020

      oscillators, such as the relative strength index (RSI) and stochastics, are often used as signals for overbought and oversold zones. Let’s use the RSI as an example. Generally, an RSI set on 14 days is considered over-bought above the 70 level, but t

      1 min read

    • Article

      Are You Gambling or Investing? Here’s How to Tell

      Mar 2, 2021

      Investing in the stock market over many decades offers most people an incredible opportunity to build wealth. Does that surprise you? If so, you’re not alone. Over the course of my career as a financial planner, I’ve found that many people look at th

      4 min read

    • Article

      How To Set Yourself Free

      Sep 2, 2020

      One of my clients retired at 50 to become a full-time trader, hoping he could shrug off the rat race and the typical work-sleep-work life. Fifteen years later he is still “retired” and still trading full time. Now he calls it what it turned out to be

      6 min read

    • Article

      Technical Analysis Tools For Long-term Investing

      Oct 30, 2020

      in the 22 October issue of finweek, I wrote about how I am trying my hand at trading local equities for the first time in over a decade. Some aspects of my index trading have helped (discipline and risk management), but stocks are more volatile and n

      2 min read

    • Article

      Change In Sentiment

      Oct 2, 2020

      Change In Sentiment
      1 min read

    • Article

      Breakout Is Possible

      Jan 10, 2020

      Breakout Is Possible
      1 min read

    • Article

      Trading Techniques... Riding Elliot Waves

      Nov 5, 2021

      One trading technique that has achieved a cult-like following in recent decades is Elliott wave theory. Developed by the accountant and consultant Ralph Nelson Elliott, who first published his ideas in 1938, the basic idea is that markets, like all h

      1 min read

    • Article

      The Magic of Moving Averages

      Jan 31, 2019

      When price charts begin to look like jagged mountain ranges, it can be hard to map out which way stocks are headed. Enter the simple moving average. The tool is a staple of technical analysis--the practice of determining the direction of stock prices

      2 min read

    • Article

      25 Dividend Stocks the Analysts Love the Most

      Oct 14, 2020

      When it comes to Wall Street's favorite dividend stocks, the pros are all about energy companies and utilities these days. Whether it's an increase in residential energy needs or a nascent recovery in commodity prices, analysts' most highly rated div

      1 min read

    • Article

      To Take Profit Or Not? That’s The Question

      May 15, 2020

      as global and local markets continue to rally after the collapse of late March and early April, I am being flooded with questions from people who bought shares during the collapse and now want to know if they should be selling. The point I always mak

      2 min read

    • Article

      Why Bigger Isn’t Always Better

      Oct 16, 2020

      as well as being a long-term investor, I am also a short-term trader on the JSE, trading index futures before the equity market opens. Although the profits (or losses) are small in every trade, the profits are larger than the losses and I get a few m

      2 min read

    • Article

      Beginner’s Luck

      Jul 28, 2021

      Beginner’s Luck
      7 min read

    • Article

      What To Do With Your Portfolio When You Die Or Become Incapacitated

      Jul 23, 2021

      i have written before about the benefits of a trading buddy, including them being able to execute trades for you if required and to keep you honest to your trading strategy. In this edition I want to go a little wider, and a little more morbid, into

      2 min read

    • Article

      Thinking About Day Trading? Read This First

      Sep 22, 2020

      In the midst of the pandemic, you may have noticed a rather unusual trend: More and more people are jumping into the stock market. Despite, or perhaps even because of, extreme volatility in the market and endless speculation about what could happen n

      3 min read

    • Article

      Mistakes Small And New Investors Should Avoid

      Aug 19, 2023

      There is an old saying that applies every investor, ‘The best time to invest was 10 years ago, and the second best time is now.’ It is a profound statement, but many new investors often get carried away with the sentiment, trying to make up for the l

      4 min read

    • Article

      I Wish I Knew What A Platform Was, But I’m Too Embarrassed To Ask

      Apr 23, 2021

      If you’re new to investing then you may find some of the jargon around financial services companies a little confusing. An “investment platform” is simply a company that allows you to buy and sell investments and hold them in one place. The term is u

      1 min read

    Related categories

    Reviews for Forex Trading Making Pip By Pip

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Forex Trading Making Pip By Pip - Speedy Publishing

      Table of Contents

      Forex Trading

      Chapter 1- What Is Forex Trading And How Does Forex Trading Work?

      Chapter 2- What Is The Proper Mindset To Have Before You Begin Forex Trading?

      Chapter 3- Explain the Day Trading Strategy Known as Trend Following

      Chapter 4- Explain the Day Trading Strategy Known as Contrarian Investing

      Chapter 5- Explain the Day Trading Strategy Known as Range Trading

      Chapter 6- Explain the Day Trading Strategy Known as Scalping

      Chapter 7- Explain the Day Trading Strategy Known as Rebate Trading

      Chapter 8- Explain the Day Trading Strategy Known as News Playing

      Chapter 9- Explain the Day Trading Strategy Known as Price Action

      Chapter 10- Explain the Day Trading Strategy Known as Artificial Intelligence

      Forex Trading Made Easy For Beginners: Software, Strategies and Signals

      Chapter 1- A History of Forex

      Chapter 2- Forex Trading Systems

      Chapter 3- Forex Trading Platform

      Chapter 4- Forex Trading Strategies

      Chapter 5- Forex Signals

      Chapter 6- What To Trade in Forex

      Chapter 7- More about Automated Forex Trading

      Pip By Pip: Forex Trading Strategies for the Winning Trader

      Chapter 1- Forex Trading- An Introduction

      Chapter 2- Forex Robots

      Chapter 3- Online Forex Trading Tips

      Chapter 4- What are Forex Charts?

      Chapter 5- Forex Trading Signals

      Chapter 6- Day Trading-Forex

      Chapter 7- Why Do Forex Trading at Home

      Forex Trading: A Guide To Day Trading Essential Tips

      Simple Strategies To Earn Pips Per Day

      By: David Gray

      Chapter 1- What Is Forex Trading And How Does Forex Trading Work?

      The Forex trading industry is rapidly gaining headway as many hobbyist investors and professional investors alike are lured in by the breakneck speed and instant results. While the underlying mechanism of Forex trading is somewhat simple, in practice the market is very complex. It is important to understand Forex trading before you get involved, as it is a market that moves quickly. A poor investor can lose everything in a matter of minutes, not days like in the stock market.

      To understand Forex trading, consider the fact that you've probably already engaged in a Forex trade on your own without realizing it. Forex stands for foreign exchange, and it's what occurs any time money in one denomination is traded to another denomination. Let's discuss the most common scenario for a Forex trade. Consider that you're travelling to another country for a vacation, and you find out that currently one US Dollar (USD) is worth two of the Other Country's Dollars (OCD). So you then trade 1,000 USD for 2,000 OCD. You spend two months in the other country and, somehow, you still have 2,000 OCD when you're heading back (maybe you did well in some gambling). At this point, it's very unlikely you'll get 1,000 USD back. That's because currency rates fluctuate constantly. It's possible you'll find out your 2,000 OCD is now worth 1,500 USD, and it's also possible you'll find out your 2,000 OCD is now worth 500 USD. This opportunity for gain and loss is the basis of the Forex market.

      Of course, Forex traders don't go to the bank and physically change money; they use brokers that allow them to trade units of money through the internet. These brokers often allow transactions as low as a single unit of currency. Trades occur through these brokers near instantly, and the changes in the market can be continuously tracked and graphed online.

      Those that know the stock market may feel that they have an edge in Forex trading, but Forex trading is actually significantly different from traditional stock trading. For one, most Forex trades are short term trades, and long term positions are incredibly rare. The Forex market is also slightly different because there are very few currencies that are actively traded, and most traders focus on a set of two or three specific pairs, such as EUR USD or GBP USD. This is far different from researching and selecting from a high volume of stocks. The Forex market is also a 24 hour market that rarely closes, meaning that trading goes on continuously.

      Forex trading can be considered more accessible to the hobbyist investor because the system itself is relatively simple, and because it's easy to start trading Forex with a small initial investment. That doesn't mean that the market strategies are simple, however, just that the actual trading platforms and the philosophy behind the market are easier to understand. As in all high risk investments, more investors will lose money than will gain a profit.

      Automated Forex trading is a subcategory of Forex trading that has gained a lot of criticism. With this type of trading, the trader uses a computer program that automatically trades for them. The computer decides when to initiate these trades based on historical data, and some of these programs have shown remarkable results. However, most people will already have realized the big problem: historical data cannot predict future market results. This means that some programs will perform remarkably well for a few months and then suddenly tank.

      There are many online Forex trading seminars and tutorials to teach anyone the basics of Forex trading. Research and consistency is critical to succeeding in the Forex industry, so many Forex brokers offer demo accounts where new traders can practice with fake dollars. This can be a great way to practice new strategies and learn about the way the market works. Other Forex experts offer trading signals, which are alerts that tell you what trades to place and when. These signals can be valuable, if you have enough of a foundation of knowledge to understand them.

      When considering entering into Forex, you should test many brokers and many Forex trading platforms. It's critical to get a broker that features low spreads, because these spreads can actually make or break trades in many strategies. It's also important to get a broker that offers an intuitive trading platform, because your trading platform will become your most valuable tool and best friend. A clunky or unresponsive trading platform can lead to death, especially for those with strategies that involve very fast trades.

      Forex is a unique and fascinating market, but it is not a money making or get rich quick scheme. It is a huge, international market that needs to be respected and understood before it can yield any positive results.

      Chapter 2- What Is The Proper Mindset To Have Before You Begin Forex Trading?

      Before you begin your journey, it is of utmost importance to do a complete and accurate self-appraisal aimed to provide you, the trader, with a chance to create the proper mindset for long-term success in the Forex market. Doing so provides a strong foundation for future trading success. The proper mindset is often as unique as each individual trader, but don’t worry, you will

      Enjoying the preview?
      Page 1 of 1