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

Jim's FOREX books are consistently ranked BEST SELLERS on Amazon and there is a very good reason for this. At no extra cost (or on-costs) Jim shares with his readers:

• His custom indicators for the MT4 MetaTrader platform, as a download at the end of the book. AND anyone who has received these indicators will also receive the MT5 version of his files when they have been programmed.
  
• An invitation to join his Facebook Group which has new as well as experienced Forex Traders contributing.
  
• Daily interaction in his Facebook Group
  
• He calls his trades live, shares his results AND records a weekly trade analysis video.
  
• His contact details if you require further clarification.
  

Jim, from Queensland Australia, is a full-time Forex Trader, currently residing in Vietnam. His knowledge of currency trading extends over a 14 year period and has evolved from the old fashioned manual charting when he first started in 2002, to trading on multiple screens and entering the arena of automated trading. During this time, he has developed and shared many trading systems for free, and assisted many new traders through various blogs and forum participation.

This book is for those of you who are just starting to consider trading Forex but don’t know where to start, given the abundance of information on the internet. It is a good first book to read, to gain an understanding of the very basics. As an added Bonus, Jim offers one of his Trading Systems, as well as the indicators without any further on-costs.

Check out his YouTube vids, chat with him on Facebook - he's an approachable guy who is passionate about trading. Here Is an outline of what is included:

• What is Forex?
  
• Advantages of Trading Forex
  
• When the Forex market is open
  
• Forex pairs
  
• Where we trade Forex
  
• Choosing a Broker
  
• Important information for US based traders
  
• Lot size and equivalent pip value
  
• Information on risk
  
• News and fundamental analysis
  
• Technical analysis
  
• Risk-reward ratio
  
• Types of orders
  
• How many pips is enough
  
• Trading psychology
  
• Day trading or longer term trading?
  
• Keeping a journal or diary

Jim's other books

• MT4 High Probability Forex Trading Method
  
• Trading Forex with Divergence on MT4
  

What people are saying...

I was a bit skeptical prior to ordering this as it is only 72 pages in length. However the author covered concepts and principles in very direct and easy to understand manner. I have read other authors that would have no doubt used three times the verbiage and none of the clarity possessed by Jim Brown. All in all I am very pleased with my purchase. - Darrell R Allen

Buy "Forex for Dummies" or something similar for a detailed background of Forex, then buy this book. It is well written and to the point. I recently paid $40 for a system which did not do much but generate daily emails promoting many more expensive systems. Jim's free system is easy to implement and follow, and it works. Also, there is no upselling. I felt that he wants people to succeed. I also bought his other book, which includes another free system. Both will be valuable to new Forex traders like myself. - Terrence E Winnie

This book, using an easy language, explains all things needed to start trading Forex. The included bonus system is also very easy to understand. The system gave me for example 125 pips trading EURUSD on 16 th June. - Amazon Customer

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: 65