Forex Trading - The Basics Explained in Simple Terms (eBook, ePUB)

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Jim's 3 FOREX books are consistently ranked BEST SELLERS 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/MT5 MetaTrader platforms, as a download at the end of the book.An invitation to join his JAGfx Facebook Group which has over 4500 members, with both new and experienced Forex Traders contributing.Daily interaction in his Facebook Group.He calls his trades live, shares his results AND records regular trade analysis videos.His contact details if you require further clarification.Jim, from Queensland Australi...

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Jim's 3 FOREX books are consistently ranked BEST SELLERS 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/MT5 MetaTrader platforms, as a download at the end of the book.
An invitation to join his JAGfx Facebook Group which has over 4500 members, with both new and experienced Forex Traders contributing.
Daily interaction in his Facebook Group.
He calls his trades live, shares his results AND records regular trade analysis videos.
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 17 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 videos, chat with him on Facebook and in Telegram - he's an approachable guy who is passionate about trading.

Jim's Books:

Forex Trading The Basics Explained in Simple Terms
MT4/MT5 High Probability Forex Trading Method
Trading Forex with Divergence on MT4/MT5

Jim has been Featured on:

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

Editorial 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

Weniger Details

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I became interested in the Forex markets in 2002 after attending a stock trading meeting at a private residence. One guy announced that he had made a killing by trading the Yen against the US dollar. Who knew that the individual on the street could even trade currencies? Up until then, it was only the banks or wealthy individuals with access to this type of trading. A whole new industry was born. At first there weren't many reputable brokers around, their platforms were unreliable, spreads were huge and the internet was dial up. Forums popped up and 'trading gurus' appeared. There was money to be made by those who were were smart at the time, either by straddling the news releases or exploiting the carry trade. But brokers also got smarter and either shut these advantages down or created trading conditions that made it difficult to profit from. My problem was, I listened to too many so called 'gurus' and got caught up in all the hype. Always thinking they were smarter than me as their systems were complex, and therefore must be better than anything I could come up with. So for a few years, I bounced around different systems, blowing accounts and giving back profits I had managed to make. There were good times and bad times, but I never gave up. I soon realized that some of the 'gurus' were the real deal, and started to pay attention to them to see what they had to offer. I became smarter with my money management, got out of the day trading habit and generally simplified my trading methods so they were easy to implement and explain. I have also dabbled with building my own trading robots with mixed success and use them at times to assist me with my trading. I now make a living from trading Forex, mainly off the 4hr or Daily charts. My systems are simple and profitable overall. I love trading Forex and I see it as having a huge potential to make some serious income. It is not as easy as some would make you believe, but if you keep it simple, control your money management, and be consistent, then there is no reason that you too shouldn't succeed in the world of Forex trading. Patience, courage and discipline.....