Forex Trading - Kingsley Augustine - Bog

Take FOREX TRADING to the next level by Making Your Online Trading an Investment and not a Gambling.If this is what you need, then, "FOREX TRADING: Making Your Online Trading an Investment and not a Gambling" by Kingsley Augustine is for you.The method explained in this book is a long term trading strategy in which the money you make as profit is highly proportional to the capital you have invested. If you start forex trading with a small amount of capital and apply the method in this book diligently, then your profit will gradually increase, and afterwards it will start growing at a much higher rate.Investing in foreign exchange trading does not have formula as many books will explain to you. If you invest a large amount of money in a bank at a fixed deposit interest rate of 10% per annum, then you can mathematically calculate your exact profit and know what your returns will become at the end of one year. Can you do that in forex? What I simply mean is that there is no mathematical formula in forex that can help you determine if you will make a loss or a profit for any particular move that you make. If you must remain in the market and be sure to make profit, then you must avoid gambling.Once you avoid gambling in forex, then you are certain of making profit. Since you cannot perfectly predict if the market will go against you or not all the time, then do not do what can make you lose all your money. It is as simple as that.One thing that you must realize about forex is that ninety percent of forex books will keep telling you the same thing. This same thing will continue to give you the same result that most people are getting. This will also put you in the category of the ninety five percent losers in the forex market. You must do something differently in order to be among the five percent winners in the forex market.It is important to know that a forex trader can either be investing his money in forex or be gambling with his money. Which category do you belong?The topics covered in this book include: - Where to Get Economic Information- What Majority of Forex Books Are Telling You- Forex Gambling and Forex Investment Distinguished- Trading To Make Profit - The Long Term Strategy- Getting StartedIt also radically analyze other common topics such as technical analysis, economic indicators etc.In order to make a steady stream of profit in the forex market, one must avoid gambling, and eliminate the mentality that the forex market is a platform where investors make huge amount of profits within a short period of time. An investor should come into the market with the belief that he will make money at a gradually increasing rate over a period of time. In order to achieve this, he should adopt a strategy that works and gradually increase profits over a period of time. A long term strategy explained in this book, can be used to achieve this objective. So, I would advice you to purchase this book and make it your pocket companion.