Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    From $11.99/month after trial. Cancel anytime.

    Advanced Forex Trading: Learn the Advanced Forex Investing Strategies the Professionals Use to Make Life Changing Money: 3 Hour Crash Course
    Advanced Forex Trading: Learn the Advanced Forex Investing Strategies the Professionals Use to Make Life Changing Money: 3 Hour Crash Course
    Advanced Forex Trading: Learn the Advanced Forex Investing Strategies the Professionals Use to Make Life Changing Money: 3 Hour Crash Course
    Ebook148 pages2 hours

    Advanced Forex Trading: Learn the Advanced Forex Investing Strategies the Professionals Use to Make Life Changing Money: 3 Hour Crash Course

    By Edward Day

    4.5/5

    ()

    Read preview

    • Trading

    • Risk Management

    • Forex Trading

    • Trading Strategies

    • Financial Markets

    • Mentor

    • Hero's Journey

    • Training Montage

    • Practice Makes Perfect

    • Self-Discovery

    • Rags to Riches

    • American Dream

    • Prodigy

    • Mentor's Wisdom

    • Hidden Danger

    • Order Flow

    • Stock Market

    • Trading Psychology

    • Support & Resistance Levels

    • Market Analysis

    About this ebook

    You've been Forex Trading for a while now and things are looking well, but you're ready for that next big step. Or maybe you feel that your current strategies just aren't working that well and you'd like to explore some more extensive options?

    Are you actually making as much money as you could be? Would you like to be making more?

    Pursuing and attaining that life of your dreams - you know the one where you don't have a boss and are working your own schedule from anywhere in the world - this is no longer the stuff of science fiction folks. As a matter of fact, more and more people are doing exactly this and large numbers of them are achieving it with Forex Trading.

    There is a long list of forex millionaires such as George Soros who has a net worth of $8.3 billion and Bill Lipschutz who took $12,000 inheritance and turned it into billions.

    From high-class businessmen to stay at home moms, and all the way to the 20-year-old backpackers in between, attaining this reality is something truly anyone can accomplish.

    It's the one investment strategy that has nearly limitless potential. It's the one pursuit that you can truly turn into a career of ease and bounty.

    Forex Trading, especially now in the year of 2020, is one of the greatest ways to free yourself from all of life's trivial stressors and achieve true financial freedom.

    In Advanced Forex Training - 3 Hour Crash Course you'll discover:

    A deeper look into what Forex Trading actually is and how you can use this information to garner massive success
    A larger level outlook at the most common currencies and currency pairs
    A simple guide to understanding all the equations every trader will ever need to know
    The significant role of psychology in successful investing
    A play by play guide through the necessary steps for starting a business
    The top 5 insights to avoid unnecessary setbacks
    Four of the most advanced trading strategies and how to use them the right way
    How to read and use the global marketplace to your advantage
    The #1 secret to success in Forex Trading
    How to prepare for loss and mitigate risk

    … and so much more.

    Achieving financial freedom is not just for those super talented business folk with way too much time on their hands. It is, in fact, something that anyone in this day and age can achieve.

    Just look at the story of Shaun Benjamin.
    He had to abandon his engineering studies because of a lack of finances. Shortly after he became the world's youngest Forex millionaire at the age of 21. 

    The number of people getting involved in Forex Trading is on the rise and they are all making a killing while you're still stuck wondering. 

    Every day you wait you leave money on the table and someday the opportunity might be gone. 

    You already know that Forex Trading has a lot of potential, and you've seen the beauty of its highs. Now it is time to turn all of it into a business and begin generating more wealth for yourself than you can currently imagine. 

    Remember, every great journey begins with the first step. So go ahead and make that initial move, and get yourself one step closer to looking back and smiling on the life of your dreams.

    If you're ready to achieve true financial freedom and take your trading strategies to a whole new level, then start reading today!

    LanguageEnglish
    PublisherEdward Day
    Release dateApr 11, 2020
    ISBN9781393653790
    Advanced Forex Trading: Learn the Advanced Forex Investing Strategies the Professionals Use to Make Life Changing Money: 3 Hour Crash Course

    Read more from Edward Day

    Related to Advanced Forex Trading

    Related ebooks

    Foreign Exchange For You

    View More
    View More

    Related podcast episodes

    Related articles

    • UNLIMITED

      Learn How To Spot A Rip-off

      Feb 24, 2021

      Learn How To Spot A Rip-off
      3 min read

    • UNLIMITED

      What Is Forex Trading?

      Mar 1, 2022

      What Is Forex Trading?
      6 min read

    • UNLIMITED

      RSI Alone Not Enough

      Sep 18, 2020

      oscillators, such as the relative strength index (RSI) and stochastics, are often used as signals for overbought and oversold zones. Let’s use the RSI as an example. Generally, an RSI set on 14 days is considered over-bought above the 70 level, but t

      1 min read

    • UNLIMITED

      The Magic of Moving Averages

      Jan 31, 2019

      When price charts begin to look like jagged mountain ranges, it can be hard to map out which way stocks are headed. Enter the simple moving average. The tool is a staple of technical analysis--the practice of determining the direction of stock prices

      2 min read

    • UNLIMITED

      How To Count Your Losses

      Nov 15, 2019

      in the previous issue (7 November), I wrote about trading, and in particular about gearing via the use of derivatives, as well as what we should (or shouldn’t) be trading. I promised to return to the other two parts of the equation: How to employ a s

      3 min read

    • UNLIMITED

      Thinking About Day Trading? Read This First

      Sep 22, 2020

      In the midst of the pandemic, you may have noticed a rather unusual trend: More and more people are jumping into the stock market. Despite, or perhaps even because of, extreme volatility in the market and endless speculation about what could happen n

      3 min read

    • UNLIMITED

      Discipline Goes A Long Way

      Mar 31, 2022

      The life of a trader is not what most of us might imagine it to be – that is, glamorous, exciting and paved with gold. More likely it is solitary, private, a bit boring and, when done right, provides a living. We could all be traders. We could all be

      5 min read

    • UNLIMITED

      What I Learned from Losing $200 Million: The 2008 financial crisis taught me about the illusion of control, and how to give it up.

      Dec 24, 2015

      I’d lost almost $200 million in October. November wasn’t looking any better. It was 2008, after the Lehman Brothers bankruptcy. Markets were in turmoil. Banks were failing left and right. I worked at a major investment bank, and while I didn’t think

      15 min read

    • UNLIMITED

      Technical Analysis Tools For Long-term Investing

      Oct 30, 2020

      in the 22 October issue of finweek, I wrote about how I am trying my hand at trading local equities for the first time in over a decade. Some aspects of my index trading have helped (discipline and risk management), but stocks are more volatile and n

      2 min read

    • UNLIMITED

      Trading Techniques... Riding Elliot Waves

      Nov 5, 2021

      One trading technique that has achieved a cult-like following in recent decades is Elliott wave theory. Developed by the accountant and consultant Ralph Nelson Elliott, who first published his ideas in 1938, the basic idea is that markets, like all h

      1 min read

    • UNLIMITED

      How To Set Yourself Free

      Sep 2, 2020

      One of my clients retired at 50 to become a full-time trader, hoping he could shrug off the rat race and the typical work-sleep-work life. Fifteen years later he is still “retired” and still trading full time. Now he calls it what it turned out to be

      6 min read

    • UNLIMITED

      Keep Reading, Keep Learning

      Nov 25, 2021

      it took some time to figure out how to start this article. I must admit that it is not easy to write. I remember when I was but a young grasshopper with nothing but dreams in my head and passion in my heart. I remember how I used to buy finweek and r

      3 min read

    • UNLIMITED

      The Business Of Teaching Yoga

      May 21, 2021

      So, you’ve got your certificate, or perhaps you’re planning ahead before even enrolling? Right, so let’s dive right into it by defining what a business is: The creation of value through a service or a product, which when purchased by a consumer gener

      3 min read

    • UNLIMITED

      Take Time To Get Better At Trading And Investing

      Dec 6, 2019

      another year has rushed past. I’m not sure about you, but I am feeling old after this one. Truthfully, the local market did all right, when we take dividends into account, but I still feel battered and bruised. Fortunately, I have some time to rest o

      2 min read

    • UNLIMITED

      How to Leave Your Business: A 5-Year Plan

      Feb 13, 2019

      Ask any former business owner whether it was harder to start their business or leave it, and you'll likely be surprised by the answer. Sure, starting a business is extremely challenging, with any number of variables and unexpected obstacles that cou

      3 min read

    • UNLIMITED

      Beyond A ‘Gut Feeling’

      Sep 30, 2020

      Beyond A ‘Gut Feeling’
      9 min read

    • UNLIMITED

      Muse

      Oct 18, 2022

      Muse
      5 min read

    • UNLIMITED

      Mindset Matters in Business

      Apr 25, 2022

      Mindset Matters in Business
      3 min read

    • UNLIMITED

      How To Lose $5000 Instantly

      Nov 1, 2023

      How To Lose $5000 Instantly
      4 min read

    • UNLIMITED

      6 Fantastic Business Ideas for Moms

      Dec 24, 2020

      Rather than work a 9-5 job every day, what if you could be your own boss and make your own schedule? That's where business ideas for moms play a major role. Starting a work-at-home endeavor is a rising trend that is only going to become more prevalen

      6 min read

    • UNLIMITED

      To Take Profit Or Not? That’s The Question

      May 15, 2020

      as global and local markets continue to rally after the collapse of late March and early April, I am being flooded with questions from people who bought shares during the collapse and now want to know if they should be selling. The point I always mak

      2 min read

    Related categories

    Reviews for Advanced Forex Trading

    4.5/5

    9 ratings2 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 5/5
      The best book I have read about forex. This book is very simple and productively easy to get to the one needs
    • 5/5
      It is a very simple and easy book to read, however, it takes some effort to practice the process Edward Day has introduced in the book.
      I believe that anyone who is serious to make a living by day trading should read this book and make an attempt to try out his methodology to become a successful FOREX Day trader.

    Book preview

    Advanced Forex Trading - Edward Day

    Introduction

    "C onfidence is not I will profit on this trade. Confidence is I will be fine if I don't profit from this trade. ― Yvan Byeajee

    How long have you been trading forex for? How long have you been successful at it? Forex trading is a fantastic way to make large sums of money, but the sad reality is that many traders who attempt this simply don’t make it big. There are many reasons for this. Their mindsets are misaligned, perhaps their risk management is shoddy.

    One of the biggest reasons, however, has to do with the strategies they choose to employ in the markets. Risk management and mindset are extremely important, but you can have the best risk management in the world and still fail. My point is that professional traders trade in a very specific manner and I’m going to show you how you too can trade this way in this book.

    This is an advanced book for traders who have already mastered the basic skills I outlined in my previous book in this series. If you’re already familiar with those, then you’ll find that a lot of the concepts here build on those earlier ones. For those who are reading my books for the first time, welcome! If you happen to be an experienced trader who is looking to increase their profits, then you’ve come to the right place.

    The markets can be as rewarding as they are frustrating and it often seems as if a very small percentage of traders happen to make the most money while the rest languish in mediocrity. I’m talking about making just enough money to break even or just enough money to earn a single-digit return per year.

    You can use forex trading to greatly improve the quality of your life and that of your loved ones. It just comes down to how badly you want it.

    Advanced Concepts

    Alot of the concepts in this book will make you uncomfortable. What I mean is that I'll be presenting ways to trade that will strike you as being extremely counterintuitive. For example, I recommend that you trade price charts without any indicators whatsoever. I will show you how to do this in a step by step manner.

    However, many traders are extremely uncomfortable with this since they’re so used to receiving confirmation of an entry signal from an indicator. Accepting the fact that you don’t need an indicator is going to be a tough pill to swallow. There are many such lessons in this book

    In order to bring about changes in your results, you need to change the way you do things. You cannot play like a high school football player and expect to play in the NFL. It just isn’t going to happen. In order to get to the pro level, you’re going to have to change the way you do things and take them up a notch.

    This is going to be uncomfortable and will challenge your comfort zone to an extreme level. Most people are not ready to make this leap. If you’ve picked up this book clearly you think that you need to make changes. Perhaps you aren’t sure of the types of changes you need to make.

    I’m here to show you exactly what you need to do. However, you’re going to have to walk the path and as I said, it’s going to require you to do things that will feel uncomfortable and counterintuitive. So, what are we talking about when it comes to advanced trading concepts? Is there some secret sauce that you’ve missed out on?

    Yes and no. The fact is that the so-called secret is hidden in plain sight. Most traders miss out on it plainly because it doesn’t seem complex enough. The method you will learn in this book upon which you will base all of your strategies is pretty simple to understand. However, trading it successfully is another thing entirely.

    You will first need to refresh all of the basic knowledge you learned in the previous book and this is where you will begin. Following this, you’re going to learn about the various elements that go into creating the market environment and the implications this has for your trading decisions.

    Mindset and risk management play a very important role and in this book. We’re going to dive a lot deeper into these topics compared to what you learned in the previous book. After all, if you’re going to learn advanced techniques, you’re going to have to master advanced risk management as well.

    Throughout this book, I will be using language that assumes a certain degree of knowledge. For example, I’m not going to spend time discussing what a pip is or how you need to calculate an ideal position size (except for the first chapter where I’ll recap the basics).

    If you feel that these concepts are a bit out of your reach, I highly recommend studying the basics once again. At the very least, this book is ideal for traders who have been trading for a while and are looking to take that next step with their trading. You could be losing money or making money, it doesn’t matter. As long as you have a decent amount of live trading experience, this book is for you.

    Before we get into the basics of forex, allow me to properly introduce myself.

    Who am I?

    You know that my name is Edward Day seeing as you’ve bought my book. I am a full-time forex trader and I currently live in Chicago with my wife and two daughters. Economics and finance have always fascinated me since I was a kid and it was with this in mind that I studied finance and accounting in college.

    A regular desk job followed graduation and despite having steady pay and a stable life, I knew I was destined for more. An accountant's job is essential I suppose but truth be told, it does get repetitive and boring after a while. I wanted to supplement my income in other ways and to also achieve a standard of living that would set me free.

    I wanted to travel the world when I could and also enjoy a rich life. While my accounting desk job paid well, it also came with mind-numbing levels of boredom and an annoying boss who knew just enough to be the boss and didn’t know enough to be supremely annoying.

    It just so happened that one of my clients, who I would later become good friends with, was a full-time forex trader and his brokerage statements always fascinated me. I never did understand what all of those instrument tickers meant, and he invited me to a seminar he was attending.

    Safe to say that I was hooked completely. The idea of speculating and being able to make money on a wide variety of geopolitical events fascinated me. It took me a while before I could make money in forex and a while longer before I could earn enough to quit my job. I can honestly say all of the struggles and heartbreak was worth it.

    I’ve been trading full time since 2008 and these days I am a regular guest speaker on the seminar circuit here in Chicago and across America. I mentor students as well and my primary purpose in writing this book is to help people achieve their dreams.

    Forex trading is a great way to do this and the markets are one of the few places these days that don’t care about your qualifications or education. All that matters is whether you can do the work or not. For those who can, untold riches await. Those who can’t eventually remove themselves from the game.

    It doesn’t matter what your current situation is. Whether you’re so sick of your job that you want to take a ride out of there and never look back or if you’re simply looking to make more money on the side, this book is your key to success. All I ask for in return is that you approach the knowledge contained in here with an open mind and that you give these methods the requisite amount of work they need.

    They might not be the easiest of strategies, but I assure you they aren’t complicated in any way. So, are you ready to change your trading and your life?

    Let’s move forward!

    Chapter 1: A Recap of the Basics

    Before proceeding to look at the advanced material, it’s best to review the basics once again. After all, if your basic knowledge isn’t strong enough, there won’t be much point in you trying to implement the methods in this book. Even if you feel that your knowledge is sound, I recommend that you read this chapter in detail.

    This is because I will be referring to my previous book where I outlined a number of principles that will be expanded further here, especially when it comes to support and resistance and the way the market environment works. While reading the previous book in its entirety is ideal, this chapter is a brief summation of everything I spoke about there.

    Let’s begin by understanding what the market is.

    FX Market Basics

    People often think of the stock market when speaking of trading. The financial news rarely covers the FX market and you could be fooled into thinking that the stock market is the biggest and most important one out there. The truth is that the stock market is perhaps

    Enjoying the preview?
    Page 1 of 1