Chapter 1: The Forex Industry
Get a full understanding of the evolution of the foreign exchange—where it has been, where it’s going and where it is currently. This chapter discusses the history of the Forex.
Chapter 2: Preparing the Mind
Having a strong mental attitude in trading is key because everyone will take a loss. It’s all about rebounding from a loss. This chapter talks about mental attitude and how to think positive thoughts.
Chapter 3: A Day Trader’s Mind
This chapter goes into details on topics and goals that need to be evaluated before jumping into trading real money. Topics included relate to money management to setting goals.
Chapter 4: Getting Started
Chapter 4 goes into great detail on the platform used to buying, selling, closing and manipulating orders. Everything you need to know about Metatrader 4 charts is discussed in this chapter, including how to setup a FREE demo account.
Chapter 5: Terms, Vocabulary, and Basic Concepts
In this chapter you will learn the “lingo” used in trading. When I say I’m long, you will know what that means. This chapter will also help you to understand candlestick charting patters and how to draw trendlines, support and resistance lines and various other need to know fundamentals.
Chapter 6: Getting in and out of the Market
In this chapter of The Forex FastTrack, we talk extensively of how to get in and out of the market. It’s imperative that a trader know how to close open positions in case of a fundamental news announcement. There are various ways to protect yourself, and we will discuss this in chapter 7.
Chapter 7: Indicators
Indicators are used to determine price direction. We can use moving averages, pivot points and other technical indicators to help us determine whether a currency will increase or decrease in value.
Chapter 8: Support and Resistance
When it comes to trading in general, there is probably no more of an important concept other than S/R. Support and resistance is the basis behind movement and trend; behind entries and exits; and behind success and failure in this business. This concept provides us with ranges and gives us a feeling for the overall movement of the market.
Chapter 9: The Daily Gap
One of the most beneficial and helpful concepts for teaching direction in forex has to been a bit that I learned from a trader named Vegas. Vegas has been a trader for several years and has even traded on the floor of major exchanges. His experience and knowledge have been a great eye-opener for me. One of the more important aspects of trading has to be reversals. I'm not talking about double-tops and double-bottoms. I'm talking about exhaustion and when the market becomes weak (overbought and oversold). This Chapter will talk extensively about this concept of OVERBOUGHT and OVERSOLD using the day chart.
Chapter 10: Signature Trades
Chapter 10: is probably the most important chapter in the whole manual. This is where we teach you our proprietary trades that occur and pay-out consistently. Understanding these trade set-ups is how you will make money trading currencies.
Chapter 11: Money and Risk Management Concepts
Money management will make or break you as a trader. You must know how to take care of your money and know how to offset risk. You can be a moderately good trader and still make a ton of money if you know how to manage money and risk.
Chapter 12: The Power of Hedging
With some Forex brokers you can both buy and sell at the same time. This strategy, called hedging, provides us with a way to protect a position until market conditions are ideal for closing the hedged position. Add to the Chapter.
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