Forex Trading
The Ultimate Guide for Beginners
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Narrated by:
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Emad Schannat
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By:
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Ethan Miles
About this listen
The foreign exchange market or Forex market is a fast-paced and exciting market. Until recently, this kind of trading was only done by central banks, corporations, financial institutions, and wealthy individuals. But thanks to the emergence of the internet, many more people can join the market and use it to do investing as well.
Daily currency fluctuations are going to be small. Most pairs of currencies are only going to move about a cent each day, which will represent a change that is less than one percent in the value of the currency. This means that in most cases, the Forex market is going to be one of the least volatile financial markets around. Therefore, many currency speculators are going to rely on enormous amounts of leverage to increase how valuable a potential movement can be.
In fact, with the Forex market, the leverage can be as high as 250:1. This leverage is really high and can be really risky. But because of the deep amount of liquidity and the fact that the Forex market is available to be traded around the clock, many brokers can make high leverage the standard of the industry, which can make the movements more meaningful for most currency traders.
Extreme liquidity and the high leverage of this market has really helped to push rapid growth in the market, making it a great place for investing with many traders. Positions on this market can be opened and, then, closed again within minutes, or the trader can choose to hold onto the position for months.
Currency prices are going to be based on the idea of supply and demand or that currency pair at the time, and it is hard to manipulate them easily, simply because the size of the market is just so big. Even central banks and other large players in the market are not able to make changes that will move the prices of currency pairs, as well.
While many of the players in the Forex market are going to be larger players like banks and financial institutions, there are still opportunities for investors to get in. However, for the individual to do well, they need to know some of the basics of any movements in the currency, or they are going to run into trouble and will lose more money than they can gain on this market.
The foreign exchange market is basically the place where companies and individuals can trade currencies. Currencies are important to people all throughout the world because this is what needs to be exchanged to help conduct foreign business and trade. If you live in the United States and you wish to buy some cheese from France, for example, either you or the company that you purchase the cheese from will need to pay for that product using euros.
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-
Story
Plan Like a Millionaire is part of a riveting three-part series, and it's all about elevating your game and setting goals like a seven-figure earner. In this wealth-inspiring listening journey, Rachel reveals the secrets of how to set goals, manage time wisely, build essential support systems, break free from financial constraints, and make savvy money decisions.
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Feel Good Book, only
- By Maggie on 01-06-24
By: Rachel Rodgers
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Los secretos de la mente millonaria (Narración en Castellano) [Secrets of the Millionaire Mind]
- Domina el juego de la riqueza [Mastering the Inner Game of Wealth]
- By: T. Harv Eker
- Narrated by: Ivan Villanueva
- Length: 2 hrs and 17 mins
- Unabridged
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El autor estaba en bancarrota, en solo dos años y medio se convirtió en millonario y construyó una de las más grandes firmas de consultoría para el éxito. Con sus enseñanzas ha tocado la vida de millones de personas. Este audiolibro te enseña a observar como piensas. Es un reto a tus ideas que te limitan, a los razonamientos que no te apoyan y a tus acciones con respecto al dinero.
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El libro está bien, pero ES VERSION RESUMIDA
- By alexnvlp on 08-24-23
By: T. Harv Eker
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The Little Book of Common Sense Investing
- The Only Way to Guarantee Your Fair Share of Stock Market Returns, 10th Anniversary Edition
- By: John C. Bogle
- Narrated by: L. J. Ganser
- Length: 5 hrs and 50 mins
- Unabridged
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The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
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One star for every point this 5 hour book makes.
- By Matt on 01-31-19
By: John C. Bogle
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The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
- By: MJ DeMarco
- Narrated by: MJ DeMarco
- Length: 12 hrs and 46 mins
- Unabridged
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Since you were old enough to hold a job, you've been hoodwinked to believe that wealth can be created by blindly trusting in the uncontrollable and unpredictable markets: the housing market, the stock market, and the job market. I call this soul-sucking, dream-stealing dogma "The Slowlane" - an impotent financial gamble that dubiously promises wealth in a wheelchair. For those who don't want a lifetime subscription to "settle-for-less", there is an alternative.
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Excellent!
- By Iray007 on 09-22-15
By: MJ DeMarco
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The 1-Page Marketing Plan
- Get New Customers, Make More Money, And Stand Out From The Crowd
- By: Allan Dib
- Narrated by: Joel Richards
- Length: 6 hrs and 31 mins
- Unabridged
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To build a successful business, you need to stop doing random acts of marketing and start following a reliable plan for rapid business growth. Traditionally, creating a marketing plan has been a difficult and time-consuming process, which is why it often doesn’t get done.
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You Need to buy Book to get key info
- By Rosie's mom on 10-23-18
By: Allan Dib
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Six-Figure Side Hustle
- By: Rachel Rodgers
- Narrated by: Rachel Rodgers
- Length: 3 hrs and 42 mins
- Original Recording
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Rachel Rodgers, financial maven and heralded author of We Should All Be Millionaires, has created a groundbreaking new Audible Original series with Six Figure Side Hustle. In this installment of a dynamic three-part audio journey, Rachel unveils the blueprint for turning spare time into a $100,000-per-year side hustle in just three months.
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Not For YOU!
- By S. Seigel on 03-02-24
By: Rachel Rodgers
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The Most Important Thing
- Uncommon Sense for The Thoughtful Investor
- By: Howard Marks
- Narrated by: John FitzGibbon
- Length: 7 hrs and 9 mins
- Unabridged
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Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career.
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Five Star Book, two Star Audiobook
- By Johnny on 06-08-15
By: Howard Marks