Investing in the stock markets is not easy, but you can learn even if you have no prior knowledge. All you need is the right TRADING AND INVESTING FOR BEGINNERS . Ruben Villahermosa, Amazon bestseller and independent trader , has created this revolutionary book with which you can learn from scratch everything you need with a simple language away from technicalities.
This is the first in a series of three books on investing by RV Chaves. I bought it because I want to retire and my pension isn’t enough to live on so I am looking for a way to boost my income before I blow all my savings. If you’ve never invested in stocks and shares, real currencies or cryptocurrencies, this is a good, up to date introduction to a world where you can win big and lose bigger. The author not only introduces the main markets where fortunes are won and lost. He also covers the most important things for a beginner: managing risk, managing your money and managing your emotions. The key is to develop a plan and stick to it, then tweak it as your experience grows and markets change. Keep a journal – an accurate record of what you did and why. Then learn from that journal. What you must never do is pile in on a whim or follow tips from so-called experts. And never try to punish the market by desperately trying to win back a loss. Take it on the chin. Be patient, be stoical. There’s a lot of good stuff here but be aware that the author has an agenda. As he admits, his particular area of expertise is the Wykoff Methodology, and this is where he leads us. Richard Wykoff was a trader in New York who died in 1934. Nearly a century ago he developed a system whereby the small retail trader could track what the big players – the market movers – are doing and copy them. This first volume gives us a flavour of Wykoff. I’ve seen people on YouTube offering courses on what seems to be the Wykoff Methodology. They don’t use the term as they pass off the ideas as their own and then charge you a grand for peddling someone else’s ideas. With this book and the other two in the series, you get the full dosage of Wykoff for around 65 quid. It’s excellent value.
A must read for beginners who want to start off in the journey of currency trading. It’s give majority of what is important when starting off how to advance.