Friday, August 15, 2014

17 Proven Currency Trading Strategies - How to Profit in the Forex Market

What is leverage all about and how do investors take advantage of money-making opportunities in the forex market to earn high returns? These two questions had been bugging me for many years since I started my wealth building journey.

Indeed, most people are aware that trading in forex is highly risky and is considered not suitable for amateur investors. But I think to be a good investor, it is important to equip myself with knowledge on various financial instruments. My guiding principle in life is that if you don't learn anything new everyday, you have a bad day.

With an average of $4.3 trillion exchanged daily, the forex market is considered to be the largest market in the world. Given the sheer size of this market, it would be foolish to ignore the impact of forex, never mind whether you are finance or business professionals who are not currently involved in forex trading.




Always remember that capital flows into a country first before it flows into any financial assets. This is the reason why some local listed companies declared their earnings in foreign currencies in their annual reports instead of Singapore dollars. The exchange rates can have significant impact on the business impact and this is something that investors and business owners can ill afford to ignore.

With the above in mind, I gained a lot of interesting insights on forex from Mario Singh's 17 Proven Currency Trading Strategies - How to Profit in the Forex Market. Forex is a game but investors must observe the rules, otherwise the rule will break you, notes Mario Singh, founder and CEO of FX1 Academy, who humbly invites ordinary folks outside of the finance industry who are looking to create a powerful second income to consider this opportunity.
 
His new book, 17 Proven Currency Trading Strategies, is equipped with the same knowledge and tools that are used by savvy Forex traders providing a comprehensive solution on how to take advantage of the countless money-making opportunities abound in the Forex market every day.

17 Proven Currency Trading Strategies, published by Wiley, skillfully illustrates how to custom-tailor a trading system designed for all types of sensibilities and risk tolerance, including:

  • Concise and accessible format. There are two parts to the book, first it explains in plain English—what is Forex trading, how money is made in the Forex “game”, the six major players involved, and the importance of knowing one’s Trader Profile. The second part provides between two and five strategies pertinent to each of the five Trader Profiles mentioned in the book.
  • Practical approach. The book is filled with illustrations to clearly explain what to look out for and how to apply the strategies in a real-time situation.
  • Companion website includes documents to supplement the information in the book.
  • Free online quiz by the author, includes twenty-five multiple-choice questions, to reveal the investor’s Trader Profile. The quiz can be accessed at: www.askmariosingh.com/traderquiz.
The book is an indispensable guide for ordinary folks outside of the finance industry whether they are a recent college graduate or a baby boomer preparing to retire; a middle manager or business owner; or looking for a reliable second income stream.

It is also a useful resource for investors and traders of every classification—from retail investors and fund managers, to portfolio managers and institutional investors—looking to expand their trading horizons and win big in the Forex market.
The book is priced at US$70.00 and is available at leading bookstores and online sites. For more information, go to www.wiley.com/buy/9781118385517.

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