On Monday, February 8th, 2017 the CFTC’s National Futures Association charged Forex Capital Markets LLC, Chief Executive Officer Dror Niv and Director William Adhout with “engaging in fraudulent activities with respect to its FXCM’s retail customers,” by telling them they used a “No Dealing Desk” order execution model, meaning orders would be executed directly in…
If you are thinking of venturing into the Forex market, the best way to learn to trade is to read some relevant books. You get all kinds of subjects covered in Forex trading books. This article will review the top five best-selling Forex trading books to date. All five are highly recommended by expert traders, who have made fortunes in this business.
Forex Trading Using Inter-market Analysis
This book explains the general dynamics of the exchange market, which is considered to be the world’s largest and the most widely traded financial market. It also provides information on the application of inter-market analysis to the Forex market. This book equips you with the knowledge that will help you understand and anticipate the changes in the trends and directions, and take actions accordingly. You will learn the influences that other markets have on the Forex market. It also lays emphasis on how all the various financial markets have become interconnected, and how they affect each other in today’s global economy.
Day Trading the Currency Market
This book has the distinction of having been recommended by few of the top most traders of the Forex market. It is known for its
For anyone who is just starting forex trading, it is important that he or she conducts adequate research prior to entering the market. It is a known fact that there are no rights or wrongs in the forex market, hence one cannot boast about mastering the best Forex trading techniques. A beginner needs to develop his own unique strategy to approach trading dynamics in the market. This approach should be in synchronization with your Forex trading behavior and your personality. It is also safe to say that the best forex trading techniques are developed over time with experience, as a trader does not learn about the ups and downs of this business unless he is a part of it. But there are a few things that new Forex traders should know which are being highlighted in this article.
Researching about the macroeconomic trends of the country helps a great deal in developing a good Forex
As a beginner in the Forex market I wanted to learn everything I could to get an edge. I took multiple courses and entered into mentoring programs etc. I tried all of the technical indicators available in an attempt to find the “Holy Grail”. It wasn’t until after this extensive testing that I realized that success in the Forex market relied heavily on my ability to stick to the basics. All the indicators in the world won’t make you a good trader. I found that the more stuff I tried the more cluttered my screen got and the more confusing trading got. The process I underwent reminds me of a spiritual metaphor I once heard where the farmer who tills his soil and works his land decides to search for enlightenment. Eventually, after years of spiritual search for enlightenment, he finds what he was looking for right there, on his farm, tilling his soil and working his land. However the journey was necessary to discover and appreciate this.