Fundamentals Of Currency Trading: Mastering Technical Analysis, Fundamental Analysis, Trading Psychology & Risk Management

by Karen Foo, SY Thoo (Illustrator), Dr. Patrick Liew (Foreword)

Coming from a family of investors and graduating with a finance degree from Singapore, I’ve read tons of books on trading and also spent over $60,000 just to learn about the financial markets.Applying what I’ve learned over the years, I’ve managed to clinch the #1 grand prize at a Singapore nationwide forex trading championship.Since I have a finance background, I want to write a book from a professional trader’s perspective rather than a retail trader’s perspective. Most retail traders focus too much on technical analysis. However, this is not a sufficient trading tool if one wants to succeed as a trader.A lot of the educational content that you see online is also too focused on technical analysis alone. This is a tool that you’ll need as a currency trader, but it is not the most important tool.In fact, bank traders and hedge fund traders don’t even use a lot of indicators. Their charts are often very clean since they are using other tools to analyse the markets.To become a successful forex trader, you’ll need to have the whole package. That is why in this currency trading book, I’ll teach you the various tools you’ll need to succeed as a forex trader. You’ll Basic terms and principles of currency tradingFundamental analysis (economic indicators, central banks, monetary policies, currency fundamentals)Sentiment analysis (high yield and low yield currencies, fear index)Introduction to Brokers (types, criteria for picking, action plan)Price action strategies (candlestick patterns, support & resistance, trendlines, moving averages, and momentum indicators)Risk management tools and application Trading psychology hacks Trading plan (template included)Trading journal (template included)How to sustain your trading business Useful websites for tradersSo much more……Add these tools to your trading plan and you’ll be able to increase the probability of your trades. Most forex traders trade in a bubble relying too much on indicators alone, that is why they lose.Most retail forex traders also do not bother to look at other markets and use the power of correlations to their advantage. I’ll share with you in this currency trading book on how you can conduct intermarket analysis as well.Experienced currency traders can also pick up some new trading hacks or even use this book as a refresher. Non-trading professionals will also be able to learn how the various economic indicators can affect their lives and the overall economy.At the end of this trading book, I’ll share with you tips and tricks on how you can sustain your trading account and trading business. This is so that you can last long term as a currency trader since most traders quit just after a few months.At the end of the day, it is your decision whether you wanna buy this book or not. If you don’t want to spend money on a forex trading book, then you can always head to my Youtube channel (Karen Foo) for free courses. You decide. Happy learning!

Genres: Psychology

345 pages, Kindle Edition

Published October 28, 2021

Reviews

[Tony WANG · Rating 2 out of 5]

Very amateurishly put together. The graphs and tables are not professionally made however Karen did a decent job in explaining the very basics. Perhaps the most useful takeaway for me is the bits about trading psychology where she talked about the itchy finger syndrome, the importance of having a trading business plan and conventional emotional management techniques breached by the "godfather" of trading psychology in the field such as Mark Douglas.

Overall a noteworthy of a book albeit slightly overrated. 2.5/5 rounding down.

"In trading, too much of anything is bad. Too much screen time, too many trades, too many indicators, and too many screens!"

[zheng wu · Rating 5 out of 5]

No fancy strategy here. Only the truth.

I can see Karens honestly from her book. I have been trading for three month now. From watching YouTube gurus magical indicator to sit down and journal my trades,Log my midtskes and be patient.The right way is the hard way

[Ray Murra · Rating 4 out of 5]

It's a great book that has some good insights but the information is basic information, nothing very explicit as you would thought by the name of the book.

[Istasia · Rating 5 out of 5]

"If you want to learn from me, you'll do it. If you don't want to, there's no use in having me convincing you." ✍️🔥🔥

Need more books like this!!