Forex books for beginners.

Forex books for beginners.

Forex books for beginners.

Forex books for beginners.
There are a lot of free e-books out there, especially for the beginning Forex trader.
In these books you will learn the principles about forex trading.
These books are therefore not of interest to experienced forex traders.

Forex books for beginners

Forex Trading.
This book actually contains all important topics that you should understand and learn as a novice trader. The book is written by: Richard Taylor.

Forex books for beginners

An Introduction to Japanese Candlestick Charting.
This book is very useful as a novice trader if you want to learn everything about the japanese candlestick charting. I definitely recommend reading this book.
By Erik Gebhard.

Trend Determination.
This is also a very useful ebook for the beginning Forex trader.
Learn all about trend determination. Written by John Hayden.

Forex books for beginners.

Above, I have shared four very useful books if you want to know a little more about trading Forex.
This free information can be very useful for a good read about trading Forex.
Trading Forex is certainly not a get rich quick system.
It consists of a lot of reading and many hours behind the charts to achieve success in the Forex market.
So spend your time wisely before you start trading forex and read carefully all the information you can find.
On my site I also have a lot of blogs which can be interesting for a novice trader.
I also have an extensive Forex course where you learn to trade in Supply and Demand step by step.
Which is certainly suitable for the novice trader but also for the experienced trader.

(If you are the copyright owner of any of these e-books and do not want me to share them, please contact us and we will remove them.)

Do you want to become Success Supply and Demand Trader or want to know more about Forex trading books for beginners?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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Buying and selling in the forex market

Buying and selling in the forex market

Buying and selling in the forex market.

Buying and selling in the forex market
It is very important to understand the Buyers and Sellers aspect in the (forex) market.
We as forex traders always want to beat the market.
The so-called ‘Beat the Markets’.

First of all, in order to make money in trading, we need Buyers and Sellers.
Because if there not both there, there is no money to be made.
I have to buy or sell to someone to make money.
And if I go with the crowd I’m probably wrong.
We know that 95% of traders lose money. This means if I belong to that large group (Large group of people)
I will probably lose money like that because I am in the 95%.
So to become really successful in trading you should not think like the 95% but think like the 5% that is successful on the forex market.

But what exactly does the 5% do that makes them so successful? /  Buying and selling in the forex market

First, they have tight risk management and make fewer trades than most of the traders.
Suppose I want to go short on a forex pair then of course I also need buyers who buy the same forex pair.
If I’m right, they lose their money and I take the profit.

So always ask yourself who exactly you are buying or selling from in a trade.
If the answer to that is the 95% unsuccessful traders, take the trade!
And do not go against the professional institutions or banks which together trade billions.
Because then you will definitely be broke at the end.

Let me give you an example. / Buying and selling in the forex market
When I buy a forex pair I think the price is too low and the price will get higher.
But why am I thinking this and who am I buying from? Someone whoever has to sell it to me.
But why?
When I think that the large institutions and banks are going to buy, I know that I am in the right place.
Why I think that I am not going to explain now, but I think most of them understand me.
Especially if you have done the course.

So suppose I’m right now and the big money is in a buy.

Now we come to the underlying problem:
I have to buy it from someone.
But who wants to sell it to me? Let’s take a look at the technical analysis of the 95% unsuccessful traders then we will see that the majority of those traders want to sell.
But why do they want to sell? And why are they all wrong?
This is a tricky part but mostly it has to do with panic (when the price actually takes liquidity).
Have a look at the image below …

buying and selling in the forex market

Looking at the arrow that’s where the 95% is going to sell.
After all, that is the direction that the market is now heading.
But why do I think it is a buy?
Because the big money and the big people (the so-called market movers) are waiting for a better price to buy again.
So in short, the traders who look at the big traders the banks and the institutions will win.
These have a lot more money and will make the market move much faster.

In the image below you can see exactly how beautifully the market moves in waves.

In my new youtube video I also explained a few things.
Be sure to watch and don’t join the 95% if you want to win!

buying and selling in the forex market

 

 

Do you want to become Success Supply and Demand Trader or want to know more about Buying and selling in the forex market?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
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Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

How to trade EUR/USD?

How to trade EUR/USD?

How to trade EUR / USD?
I think EUR / USD is one of the most traded pairs worldwide.
I do not trade this pair that much, but that does not mean that it is not a nice pair to trade.
The pair moves very differently than for example GBP / JPY and if you like a bit more relaxed trading then EUR / USD could really be your pair to trade!
Many swing traders like EUR / USD as it moves or not as fast as GBP / JPY, but in the longer term this pair can get you a lot of pips.

The behavior of EUR / USD. – How to trade EUR / USD?

EUR / USD makes a lot less fake outs and is therefore also a pair that is good for a novice trader to trade.
Especially if you want to start off a bit more slowly and don’t want to burn your fingers on a more manipulative pair like GBP / AUD for example.
If you are a bit more impatient as I can sometimes be, I don’t think EUR / USD is your pair to trade.
A trade on this pair can sometimes take a long time to reach your TP.
But once EUR / USD moves, it can also move quickly.

How to trade EUR/USD?

How to trade EUR / USD?

Above we see the EUR / USD Chart on the h4 timeframe.
We see here that EUR / USD actually quickly gives a rejection in the Supply zone and then also comes down.
We do not see any Fakeout and that is also something you rarely encounter on EUR / USD.
Waiting for a possible fake out is therefore not recommended for this pair.

In general, EUR / USD moves very smoothly between the zones.
What can sometimes make it a bit dangerous when you are going to scalp this pair is that this pair tends to get into consilidation more.
Which in turn ensures that your trade can still go in all directions after the consalidation.
EUR / USD is a very attractive pair for swinger traders.
Because once EUR / USD goes into a certain direction, this pair often keeps going for a while.

How to trade EUR/USD?

How to trade EUR / USD?

Above, I have posted another EUR / USD chart on the h1 timeframe.
We see here again how EUR / USD approaches the zone and does not shoot through but actually rejects the zone twice and comes back down.

And if you paid attention in the previous blog, you can also see here how the price got into the zone with high volume.
And we know what indication that volume bar can give right?

To be able to see and recognize this, it is better not to have lists of forex pairs open in the beginning.
Preferably choose 3 and get to know them completely.
You often see the behavioral patterns of a specific couple very well.
And so you can learn to trade better.
The trick is not the more the better but the less the more winning trades you will eventually make.

Besides what I have now explained, you should of course pay attention to more things before taking a trade.
Do you want to know what exactly? You will learn all this in the course, but applying it will take some practice.

Do you want to become Success Supply and Demand Trader or want to know how to trade EUR / USD?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

Supply and Demand simplified

Supply and Demand simplified

Supply and Demand simplified
It is very important in Forex trading that you understand the Supply and Demand aspect.
But what exactly is Supply and Demand if you explain it very simply?
And is Supply and Demand trading the same as Support and Resistance trading?
I want to talk about this in this blog.
So that you understand the aspect of supply and demand well and never forget it.

Supply therefore simply means the supply that is there and Demand the demand for what is there.

Demand – Supply and Demand simplified.

First, let’s go into the Demand aspect a bit further.
Demand is simply the amount of a product that buyers are willing to buy at a given price.
Someone is more likely to buy less of something when the price goes up and to buy more of the product when the price goes down.
In short, we find it more attractive to buy something at lower prices and we also buy at lower prices.

Supply and Demand simplified

Supply and Demand simplified

Above you see a Demand curve which shows the amount that people buy at certain prices.
Let’s assume that the diagram represents the daily price and quantity of apples sold by farmers at a local market.
Note that as the price of apples goes down, buyer’s demand goes up.
Thus, if a pound of apples sells for $0.80, buyers will be willing to purchase only fifteen hundred pounds per day.
But if apples cost only $0.60 a pound, buyers will be willing to purchase two thousand pounds.
At $0.40 a pound, buyers will be willing to purchase twenty-five hundred pounds.

Supply

Now that you understand Demand, let’s talk about Supply.
Supply is the number of a product that sellers are willing to sell for a specified amount.
Businesses would rather sell a product when prices are high and less when prices are low.
Of course this makes sense you set up a business to make a profit and there is more profit to be made when prices are high.
Now we can construct a supply curve that shows the quantity of apples that farmers would be willing to sell at different prices, regardless of demand.

Supply and Demand simplified

Supply and Demand simplified

As you can see the supply curve goes in the opposite direction from the demand curve: as prices rise, the quantity of apples that farmers are willing to sell also goes up.
The supply curve shows that farmers are willing to sell only a thousand pounds of apples when the price is $ 0.40 a pound, two thousand pounds when the price is $ 0.60, and three thousand pounds when the price is $ 0.80.

Equilibrium – Supply and Demand simplified.

Now that we have seen how Demand works and how Supply works, we have to bring them together.
We do this by plotting both the supply curve and the demand curve on one chart.
The point where the two curves meet is called the equilibrium.
At this point, buyers’ demand for apples and sellers’ supply of apples is in equilibrium.

Supply and Demand simplified

Supply and Demand simplified

You can see that the supply and demand curves meet at the price of $0.60 and quantity of two thousand pounds.
Thus, $0.60 is the equilibrium price: at this price, the quantity of apples demanded by buyers equals the quantity of apples that farmers are willing to supply.
If a farmer tries to charge more than $0.60 for a pound of apples, he won’t sell very many and his profits will go down.
If, on the other hand, a farmer tries to charge less than the equilibrium price of $0.60 a pound, he will sell more apples but his profit per pound will be less than at the equilibrium price.

Supply and Demand in Forex trading.

Understanding the concept of supply and demand makes it very easy to spot Supply and Demand zones in the charts.
While this would be in hindsight, it will give us a good indication of where to look for our trades in the future.

It is important to understand that the theory of supply and demand forex trading is based on analyzing and defining zones in the past.
These zones determine where we can expect the price to respond in the future.

Why should we expect a price reaction?

Let’s get back to Apples and shoppers.
Say, for example, you could buy one Apple at a price of $1.
We have only five apples to sell, but buyers are asking for ten apples to buy.
So five apples were sold at $1, and no sellers were found for the five remaining orders.
Remember these five unsatisfied orders for later.
Obviously, the price would jump up to $1.50 per apple to attract more producers to provide more supply.
Later on, supply exceeds the buyer’s willingness to pay for the expensive apples, and the price drops back to $1.

The five orders at $1 per apple are assumed to be there waiting.
Their request will be filled immediately, as they are first in line for apples at the rate of $1.

Something similar happens in the Forex market.
When the price changes, we can assume a high likelihood of unfilled orders.
These orders are waiting and they will be the first to be executed once the price returns for the first time to the demand level of $ 1.

I hope that I have now clarified exactly what the concept Supply and Demand is.

Do you want to become Success Supply and Demand Trader or want to know how to trade GBP/AUD?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

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