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    Self-Directed Currency Trading for Beginners
    Self-Directed Currency Trading for Beginners
    Self-Directed Currency Trading for Beginners
    Ebook96 pages1 hour

    Self-Directed Currency Trading for Beginners

    By J.R. Penger

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    About this ebook

    Trading is challenging for most people because they simply don't have information, tools or confidence to become successful. This book is important for beginners because it tells it like it is and gives an inside look at trading the financial markets giving you the reality on what the live market is really like, the way they are really run and tells you who runs them and what you need to do as a self-directed beginner to survive in them.

    Let’s face it, it’s a well-known fact that 97% of brand new self-directed investors and traders fail and lose all of their money, why does this happen? It happens because brand new self-directed traders enter into this business with a bunch of misguided grandiose ideas of making a million dollars from trading and while you can surely make millions of dollars from trading you would need to be using hundreds of millions of dollars of capital to do so, no joke.

    As a brand new self-directed trader you have no idea of the brutality and volatility that goes on in the live markets on a daily basis and that there are people in the live markets who will walk over dead bodies to get paid so make no mistake as a beginner and think you can go in the live market and beat them, you can’t. What you can do though is properly prepare yourself to trade with the best traders in the world and get paid right along with them instead of paying them.

    Once you have completed reading this entire book you will have a chance at competing with the best professional traders on the planet. The information in this book will put you on the fast track to being able to make an unlimited income for yourself and becoming consistently profitable enough from trading the financial markets to perhaps even making a living from doing it, isn’t that the type of business you would like to be in?

    LanguageEnglish
    PublisherJ.R. Penger
    Release dateFeb 12, 2017
    ISBN9781386909019
    Self-Directed Currency Trading for Beginners

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      Book preview

      Self-Directed Currency Trading for Beginners - J.R. Penger

      Self-Directed Currency Trading for Beginners

      High Profit Currency Trading using Supply and Demand

      By J.R. Penger

      Copyright 2017

      Why you should read this entire book

      There are a lot of pre-education and pre-trading decisions you will need to make before you spend any money on trading or capitalizing an account to trade live with as a brand new self-directed trader. This book delivers a basic comprehensive guide to some of the tools and resources needed to help give you the best beginner information to make some of those hardest decisions.

      Almost all the professional investors and traders I know do not even worry about the making money; they are much more concerned on managing their capital and risk in the live markets. It’s really not about making money it is about keeping the capital you already have.

      The reason you bought this book and why it is unique is that it is going to tell you about the who, what, where, when and how about what you need to know to be able to trade and invest in today's financial markets (or any tradable market) with confidence and zero fear and to be able to do it the right way from the start on as little as $500 capital to start with.

      When you are done reading this book you will have an excellent basic explanation of what and what not to do before you even study anything or do any kind of education. The information in this book will put you on the fast track to becoming a successful self-directed financial market investor and trader with very little money invested other than the cost of this book.

      You will be able to make the first decisions as to what you want to study and how you plan to do your education in order for you to be able to make your own self-directed investment decisions with real money in the live currency markets.

      The road to success in investing and trading as I always say is paved with the smoking blown up accounts of investors and traders. It did not have to be a long hard and expensive road though, it can be a road paved with gold and be fairly easy if you just take time to learn this business the right way from the start on your first day, keep it simple and it will be.

      Once I tell you the basics to investing and trading the live currency markets to make money every day with the smart money I encourage to incorporate the simple investing and trading principles you learn into your own core strategy when you put it together. Use the extra clickable links provided at the end of the book to do more of your own research.

      Your core strategy can and should be very simple and really all you will need to make money with the smart money every day in the live financial markets or any liquid market for that matter. I use this method every time I initiate a position in the live market after doing my due diligence and research.

      Once you know what this method is you will find that is very practical and can be used it in the live financial markets in an intelligent and methodical way every day. When you have it down pat you will have a lethal double whammy method to make as much money as you want or need. The beauty of it is that it can be used in all liquid markets and all time frames making it a robust method that is easily repeatable across any asset.

      The professional advice I give you in this book will empower you to have confidence and zero fear of going in the live markets and accurately initiating a low risk high reward position with which you can have a high probability outcome from being a live market participant. Becoming a successful self-directed investor and trader is not nearly as difficult as one would think as long as they have the proper education and proper knowledge base right from day one, it takes a while but you can do it!

      I feel this book does an excellent job in explaining the very first things a new currency investor and trader needs to know before even doing anything. It is meant to be a spring board for the very first educational information that a new person needs for a baseline to get started from.

      Learning to change bad habits developed by having the wrong information to start off with are very hard to break. Listen to what it says to do in this book and don’t develop any bad habits to begin with and you could be cruising your money train down to the bank everyday consistently.

      Another reason you should read this whole book is so that you can avoid the mistakes that 97% of retail sheeple of the herd and retail traders make from day one. The books in my brand new investor and trader series talk about those reasons in detail so that you don't have to waste years finding it all out the hard way and expensive way on your own, you’re welcome!

      If you need to learn the trading business from the ground up then this book is definitely a good starting point for you. I encourage you to read it as many times as it takes for it to become clear to you as to what you do and do not need to learn to be successful in this business from the start. There are no money back guarantees in the financial markets however you must know the right information from the start to have a chance of becoming consistently profitable and financially successful.

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      Table of Contents

      Why you should read this entire book

      Brand new currency traders make a lot of expensive mistakes don’t that trader

      Know why you want to do the currency trading business before you make any false moves

      Take your time with education and training the market is always going to be there

      You must get comfortable reading and building out a price chart and be able to read one at a glance

      Money management is what makes money not trading

      Take the time to develop the proper psychology for trading currency because it can get rough

      Do you have a rule based trading plan? You’d better if you wish to become consistently profitable

      The markets only work on supply and demand why not use it as your trading method

      How it will all come together

      Bonus Chapters

      3 things that will help you win more trades – large PM, correlation, confluence in signals

      You don’t need any fancy indicators to make money trading currency NONE

      Extra links

      Glossary

      Disclaimer

      Brand new currency traders make a lot of expensive mistakes don’t that trader

      People as I always say, get into this business thinking with unrealistic expectations that they are going to make millions of dollars from the start, we all thought it at least once. It is the investors and traders who develop the mindset of becoming well-off and having a great amount of freedom who are the ones who start ahead of the herd and who usually do well in the live markets.

      I am not saying that you could not make millions of dollars in the markets because you surely can, you would just need to be using hundreds of millions of dollars to do so.

      It is mostly Wall Street banks and hedge funds who are using a lot of leverage which is borrowed money, and OPM (other people’s money) to make the profits they book. The leverage is most of the time money they borrowed from the Wall Street bankers or is it bankster’s, Hmmmmm, more like loan sharks if you ask me. They also use the money you put into your IRA or your 401K and then take all of your beginning trading capital from you because you were not prepared to work with them in the live market, whose fault is that?

      All the content in Self-Directed Currency Trading for Beginners is unique in that the

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