Become a Trader
A Quick Guide to Learning Forex Trading
...Revealing ALL essentials needed by beginners
Ebook: available in PDF format
Price: 5,000NGN (12USD)
Enquiries (Call/Whatsapp): +2348065592552
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If you have ever wanted to learn forex trading, and all you have read or heard about trading looks vague and unreal, then you need to grab a copy of this ebook titled "Become a Trader", authored by a seasoned forex educator and trader.

Become a Trader is specifically designed to reveal all the essentials needed by the following four categories of people, who are collectively classified as beginners.
* The NOVICE - anyone who has zero knowledge of forex trading.
* The MISINFORMED - anyone who has got misleading information about forex trading.
* The UNTRAINED - anyone who is yet to acquire sufficient forex education, and has subsequently been unable to trade.
* The UNDERPERFORMED - anyone who has consistently failed in trading as a result of being devoid of proper understanding of the forex market.
If you fall into any of the categories described above, then this ebook is a must-read for you. Grab your own copy now and set yourself on the course of financial freedom through forex trading.

The 51-page Become a Trader carefully addresses the essentials of forex trading in an outline of eight topics which are concisely discussed, hitting the nails on the head. It is imperatively worth noting that every statement made by the author in each of the topics counts. You need to pay utmost attention to every illustration, example, practical activity, and remarks made by the author.

The book opens with an introductory note titled [/i]Truth About Forex Trading[/i]. Here the author awakens readers consciousness to the realities of investing in the financial market. He clearly aims to disabuse the reader's mind of various misconceptions about forex trading. He categorically makes it clear that online financial trading involves substantial amount of capital risk, and that shrewd risk management is critical to trading success. He however affirms the lucrative nature of forex trading as a highly profitable investment if handled appropriately. In his words, "You can do trading for a living, provided... You have the expertise, You know the rules, and You CONSISTENTLY abide by the winning principles."
The main discussion in this book is rolled out under eight topics arranged in the following sequence:
* The Forex Market
* Trading platforms
* Chart Studies
* Technical Indicators
* Market Analysis
* Trade Operations
* Trading Techniques
* Psychology of Trading

The first topic, The Forex Market, opens by presenting highlights of the forex market and how trading is done digitally on the market. This introductory part of the discussion gives a clear explanation of the entire concept of financial trading in a concise summary most comprehensible to anybody who is literate. The author goes further to explore the trading lingo, giving definitions of various terms used in the financial trading profession. He does not just define terms, but also provides examples to illustrate those terms where necessary.

The second topic, Trading Platforms, introduces both web-based and client-based trading platforms, explaining how each works. The author however concentrates on exploring features and uses of the most popular client-based trading platform called Metatrader®. He patiently explains the functions of various features of the most widely used Metatrader platforms: MT4 for PC [/i]and [i]MT4 for Mobile. Furthermore, the author provides a number of exercises, serving as practical activities which would enhance readers' understanding as they try their hands on the trading platforms.

The third topic, Chart Studies, begins with careful explanation of the trading chart as a plain graph of price [exchange rate] plotted against time. It also describes candlesticks as graphical representation of price changes per defined time interval called Timeframe. The author explains the concept of price data such as Open, High, Low, and Close. He also explains in lay terms the mathematical interpretation of derived prices such as Median, Typical, and Weighted Close. Moreover, the author takes a look into what chart's graphical objects are, and also provides practical exercises meant to get readers acquainted with the use of graphical objects on the trading chart.
Finally, the author painstakingly explore seven most reliable candle patterns used by traders in performing chart analysis. With the aid of diagrams, he patiently explains the formation process of those candle patterns, and also describes how each pattern can be used by readers to enhance their trading experience.

The fourth topic, Technical Indicators, starts by discussing an overview of trading indicators that are available on the Metatrader platform. It shows how to access the technical indicators on the Metatrader platform, and also explains the peculiarities of various categories into which these indicators are grouped on the Metatrader platform.
The author proceeds to one-by-one discussion of certain selected indicators, among which are Moving Average, Bollinger Bands, MACD, Relative Strength Index (RSI), Fractals, and Parabolic SAR. He particularly focuses on explaining how each indicator can be used for trading in light of its underlying algorithm. In his usual manner, the author concludes his discussion on this topic by providing a set of practical activities aimed at getting readers acquainted with the use of technical indicators on the trading chart.

The fifth topic, Market Analysis, opens with highlights on a simple procedure of using the trading chart to both identify and confirm whether the market is uptrending, or downtrending, or ranging. The author goes ahead to define and explain both concepts of Fundamental Analysis and Technical Analysis. He then proceeds to take an exclusive discussion on each method of market analysis. He specifically draws readers' attention to the use of Economic Calendar in carrying out fundamental market analysis. He also discusses the concept of News Trading, explaining how news traders utilise news data that are obtained from the economic calendar.
Continuing on this topic, the author describes Technical Analysis as involving "using chart data (both historical data and current data), technical indicators and graphical objects to interpret current price actions, and also predict future price changes". He proceeds by discussing certain technical analysis concepts, including Support and Resistance, market's Tops and Bottoms, Elliott Wave Theory, and Fibonacci Retracement. Specifically, the author explains the use of Pivot Point Calculator and Fibonacci Retracement in estimating extent of market's trends and reversals.
Concluding this topic, the author draws up practical activities meant to demonstrate various procedures involved in carrying out certain types of technical analysis. These practicals focus on Trend Analysis, Support/Resistance Analysis, Volatility Analysis, and Reversal Analysis.

The sixth topic, Trade Operations, opens with a comprehensive description of a trade operation as a digital interaction between the trader and the trading server, whereby the trader places an instruction called order, and the server implements the trader's instruction [order] in a process called execution. The author then goes ahead to differentiate between various types of orders commonly placed by traders. He specifically explains the concept of market orders (Buy and Sell) and pending orders (Buy Stop, Buy Limit, Sell Stop, and Sell Limit).
The author concludes this topic by giving a step-by-step guide on how to: place a new order, close an active trade, delete a pending order, modify an active order, and modify a pending order.

The seventh topic, Trading Techniques, begins by explaining concepts of most common types of trading, including scalping, momentum trading, day trading, swing trading, and position trading. He also highlights procedures for developing trading systems.
This topic concludes with an exclusive presentation of a certain trading system called Fractals Reversal Scheme #1. The author painstakingly explains formation of both BUY and SELL setups, and also highlights steps that readers can take to easily implement the Fractals Reversal Scheme on their trading chart.

The last topic, Psychology of Trading, begins with an overview of its four components: Psychology of the Market, Psychology of the Trader, Peculiarities of Brokers/Account Types, and Money Management. The author examines each of these components and then proceeds to dish out instructive statements serving as precepts which are meant to guide every trader who desires to be successful. According to him, "These statements may be considered as golden rules needed to be adhered to by any trader who truly desires not just to succeed in trading but to consistently sustain his/her success as a winner."
Finally, the author closes the entire discussion as he takes time to give thorough explanation of the thought behind each of the nineteen rules. He particularly makes it clear that sustained success in forex trading, which distinguishes the winners from "strugglers", can only be achieved by consistent adherence to all the rules set out in this book.

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+2348065592552
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