Forex Books – A Review
The problem with the internet is that everyone’s an expert. It’s not the same as buying the best forex book, buying a tried and tested technique. If you’ve added every Forex website and forum that you have visited for the past week to your favorites list then you will find out that there is advice that is either good or bad and sometimes there is advice that is neither good nor bad. This leads to more confusion.
It does not have any meaning if you have hundreds of dollars in your trading account but you are facing huge losses. This means that having a demo account is a good idea.
In this article, you’ll be introduced to what many might consider the best forex book online. Not only does it teach you the theory of trading forex (so you have a proven method you can follow and not just another opinion) – it will talk you through a trading strategy. One that you can apply in less than 10 minutes per day. If you have more time, great!
Why is it so great?
In general currency trading has three approaches. You can buy (or create) a forex expert adviser and let that make the decisions for you. It will make decisions regarding the right time to buy and sell and it will also carry out the trades on your behalf. This would be just right if you believe a robot.
A good idea would be to purchase forex signal software that would indicate the time to buy or sell. It only provides signals. Finally, you will have to decide whether to sell or not.
Or, if you’re serious about making money with currency trading you can learn the rules of the game and become a true trader. This book helps you to build a good foundation. The best forex book you’ll find online does exactly that. The great part is that it isn’t just some crappy theory you won’t understand until you’ve read it half a dozen times. You can learn, apply, and earn. Then learn some more.
What will you learn?
With tried and tested techniques the best forex book, the 10 Minute Forex Wealth Builder (by Dean Saunders) takes you through all you need to know about charts and how to trade forex with indicators. Using the best forex indicators you will learn how to quickly (and easily) apply the strategy.
You will learn a forex breakout strategy. This means you are using price changes to pick the best times to open and close your trades for maximum profit. Many other systems use indicators that are slow and behind the action (moving averages for example).
In addition to a forex breakout, you will learn a swing trading strategy. This will be just right for part-time forex traders because you will trade for quite a few days and not for several minutes or hours. Hence, there won’t be any need to sit, watch, take stress, worry and constantly monitor. You can get on with your life and spend your spare time enjoying yourself.
