FOREX TRADING: The Basics Explained in Simple Terms (Forex, Forex Trading System, Forex Trading Strategy, Oil, Precious metals, Commodities, Stocks, Currency Trading, Bitcoin) - Softcover

Brown, Jim

Softcover

ISBN 10: 1535198567 ISBN 13: 9781535198561

Publisher: CreateSpace Independent Publishing Platform, 2015

Synopsis

All of Jim's FOREX books consistently rank BEST SELLERS on Amazon, and there’s a very good reason for this.

Forex Trading: The Basics Explained in Simple Terms is more than just a book—it's your gateway to understanding the world of foreign exchange and currency trading. First released in 2015, the content remains as valid and relevant today as it was then. In fact, Investopedia listed this book as one of the Top 5 Books for Beginner Forex Traders in August 2024.

Jim Brown, a seasoned Forex trader from Queensland, Australia, has mastered the art of navigating the Forex market. With experience dating back to 2002, Jim has witnessed the evolution of currency trading from manual charting to sophisticated automated systems.

In this book, Jim simplifies the complexities of the global economy and international finance, offering a clear introduction to exchange rates, currency pairs, and effective trading strategies. Whether you're just starting out or seeking to strengthen your understanding of financial markets, this book is an ideal starting point. It is perfect for those of you who are just starting to consider trading Forex but don’t know where to begin. Given the abundance of information on the internet, it is a good first book to read to gain an understanding of the very basics.

What sets this book apart is the extra value Jim provides at no additional cost:

1. As a bonus, Jim includes one of his proven trading systems and the necessary indicators to get you started. The custom indicators for the MT4/MT5 MetaTrader platforms and TradingView are available as a download package.
2. An invitation to join his JAGfx Facebook Group with over 8,500 members, where both new and experienced Forex traders share insights and strategies. Jim has daily interaction in this group, sharing live trades, results, and regular trade analysis videos.
3. Access to his Telegram Group for real-time discussions.
4. Direct contact details for any questions or further clarification.

If you're looking to build a solid foundation in Forex trading and risk management, this book is for you. Connect with Jim through his YouTube videos, Facebook, or Telegram—he’s an approachable expert passionate about helping others succeed in currency trading.

Jim's books in order of release:

1. Forex Trading: The Basics Explained in Simple Terms
2. MT4/5 & TradingView High Probability Forex Trading Method
3. Trading Forex with Divergence on MT4/MT5 & TradingView
4. Forex Trading using High & Low Risk Strategies
5. Forex Trading Journal Patience, Courage, Discipline

Jim has been featured on:

• Desire to Trade Podcast with Etienne Crete
• Trading Nuts Podcast with Cam Hawkins

About this title

Review

As the title indicates, this book is oriented toward giving beginners the basics. The author is a self-taught forex trader who became intrigued by currency exchange and its profits at a private gathering for stock traders. The text stands out for Brown's clear, concise language that, without being condescending, never takes the reader's knowledge for granted. Some of the basics covered are:

• The definitions of forex and forex markets
• Strategies for entrances and exits
• Trading psychology
• The ins and outs of forex pairs
• Places to trade foreign currencies
• Tips for selecting a broker

Brown also offers up his own trading strategy that a novice can use, or at least be inspired by and use as a guideline for creating a personalized one.
- JB Maverick, INVESTOPEDIA

Jim Brown is one of the more well known authors in the currency trading industry. Brown authored a number of forex market books that range from introductory level material to more advanced titles focused on complex trading and market dynamics. Forex Trading is the first book in a multi book series and is targeted to new investors interested in trading the forex market.

New traders will benefit from the information in the book as well as bonus access to Jim's Facebook group and one of his Trading Systems. Readers appreciated the short, concise and practical advice provided in the book.

If you are interested in trading the forex market and want practical, actionable advice, Brown's book delivers. You will get a full picture of the technical analysis, fundamental analysis, and trading psychology required to be a successful trader.

The author gives you just enough information to get you excited about trading as well as the necessary tools to make your first trades. You'll know pretty quickly if you have the stomach for trading the forex market and if so, the author gives you a roadmap to navigate more advanced trading topics in his next books which we discuss below.
- Lou Haverty, FINANCIAL ANALYST INSIDER

Jim Brown is an experienced trader and well known in the Forex community for writing several popular Forex books. In this book, Jim explains the basics of the Forex market in simple terms. This book is highly rated and great for new Forex traders.
Jim also goes over his simple, profitable trading strategy in this book as well. This trading system doesn't require any paid or proprietary indicators. Everything you need to trade this system is already included in your Forex trading platform.
- FX DAY JOB

Very suitable for beginner traders, this book covers essential elements of Forex trading, including:

1. Strategies for Entries
2. Strategies for Exits
3. Money Management
4. Trading Psychology
5. Basic Trading System

With the basic trading system that is included in the book you can build your own trading strategy. If you are approaching Forex trading as a beginner, and would like to have a Forex strategy book that covers the basics in a very clear manner, go and grab it now!
- ADMIRAL MARKETS

Jim has been Featured on:

• Desire to Trade Podcast with Etienne Crete
• Trading Nuts Podcast with Cam Hawkins

Edition details

• Publisher: CreateSpace Independent Publishing Platform
• Publication date: 2015
• Language: English
• ISBN 10: 1535198567
• ISBN 13: 9781535198561
• Binding: Paperback
• Number of pages: 84