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More Information About Book:
| Name of Book | Simple Trading Book Patterns PDF |
| Name of Author | Anonymous |
| Language of Book | English |
| Size of Book | 6 MB |
| Total pages in Ebook | 25 |
| Category of Book | Trading |
| Source | Archive |
Book Summary: Simple Trading Book Patterns PDF
Simple Trading Book is a beginner-friendly guide to forex trading. The book covers everything you need to know to start trading currencies like a pro.
The book begins by introducing the basics of the forex market, including how currencies are traded and the factors that drive currency prices. You’ll learn about the major currency pairs, the market hours, the bid and ask prices, the spread, the leverage, and the margin.
The book then explains the technical analysis tools and techniques that traders use to analyze price movements and identify trading opportunities. You’ll learn how to read and interpret candlestick charts, trend lines, support and resistance levels, moving averages, indicators, and oscillators.
The book also teaches you how to develop and execute a trading strategy that suits your personality, goals, and risk tolerance. You’ll learn how to choose a trading style, such as scalping, day trading, swing trading, or position trading. You’ll also learn how to set up a trading plan, a trading journal, and a trading routine.
The book also covers the psychological aspects of trading, such as discipline, patience, confidence, and emotion management. You’ll learn how to overcome common trading mistakes and pitfalls, such as overtrading, revenge trading, fear of missing out, and greed.
The book also provides practical tips and advice on how to manage your money and risk in trading. You’ll learn how to calculate and control your risk per trade, how to use stop loss and take profit orders, how to diversify your portfolio, and how to protect your profits.
The book is written in simple and clear language, with illustrations and examples from real markets. The book also includes quizzes and exercises to test your knowledge and skills. The book is suitable for anyone who wants to learn how to trade currencies in the forex market and make consistent profits.
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Excerpts From the Book
Triple Top
The triple-top pattern occurs when the price of an asset creates three peaks at nearly the same price level. The area of the peaks is resistance. The pullbacks between the peaks are called the swing lows.
Triple Bottom
A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance.
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