Forex Trading For Beginners: Forex Strategies For Beginning Traders: Forex Trading Success, #2

Why I Wrote This Book

I was compelled to write this book because I want to help beginning Forex traders get started the right way.

One of my objectives is to help you avoid some of the foolish mistakes that I made when I first started trading.

You see, most new Forex traders dive right into Forex trading without being prepared. When I first started trading I was in exactly the same situation. I was extremely enthusiastic, but also extremely unprepared to trade effectively.

Forex trading can be extremely lucrative if you know what you are doing. As an example of how lucrative the market can be, there are some individuals that have actually become billionaires through trading. This is an example of the profit potential available in trading. While your objective may not be to become a billionaire, it is nice to know that there are those who have achieved that lofty status in trading.

I had a rocky start with my own personal trading. It seemed like the market was out to get me. Every time I would buy the market would go down. Every time I would sell the market would go up. Needless to say I was extremely discouraged as I saw my account balance plummet.

Fortunately, I had a good sense to stop what I was doing and go back to the drawing board. When I went back to the drawing board I actually discovered a lot about myself and the reasons that I was trading. As I dug deeper I found out that I was trading for the excitement as well as the status of calling myself a, trader. Well, as it turns out I achieved my objective because I did experience excitement and was able to call myself a, trader. Unfortunately, I wasn't able to call myself a, successful trader at the time.

Later, I changed my objective for trading. My objective became to make money regardless of the level of excitement or status it provided. I finally decided to learn what to do before I started doing it. My first step was to develop trading strategies that worked. My second step was to develop the discipline to follow those strategies in order to trade successfully.

If your objective is to become a successful Forex trader, this book will certainly help you get started on the right path.

Why You Should Read This Book

There are any number of ways that you can get started in Forex trading. One of the most common ways is to buy Forex trading software the trades for you automatically. This type of software is known as a Forex robot and also referred to as a Forex expert advisor. The good news is that a Forex robot will calculate when to get in and out of trades as well as execute your trades for you. This sounds like the ultimate in hands-free money making doesn't it? Unfortunately, I have yet to see a Forex robot that actually makes money over the long term.

Another way to get started in Forex trading is to simply open an account and to start trading. This particular type of trading is known as, shoot from the hip trading or hope for the best trading. The good news is it's easy to get started with this type of trading. The bad news is this type of trading has a very low probability of overall success. I can acknowledge the bad news personally as I foolishly started out trading that way.

Yet another way to get started in Forex trading is to learn from someone who has successfully traded Forex. That is exactly what you can do by reading this book.

This book will help you to gain a basic understanding of Forex trading. It will also help you to avoid many of the needless mistakes that I made when I first started out.

This book is specifically designed to help you get started on the right path to successful Forex trading.

Introduction

An incredible opportunity to profit in the Forex market awaits you. If you've never traded Forex before or have traded Forex unsuccessfully, then Forex Trading for Beginners is for you. Whether your goal is trading as a hobby, trading part-time for extra income, or trading for a living you will find useful information to help you reach your Forex trading goals.

Forex trading doesn't have to be nearly as complicated as you might have thought. In fact, it doesn't have to be complicated at all. Forex success is all about following a time-tested, proven set of rules and using those rules to make