Forex Book for Beginner Investors

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This Forex book is definitely one of my better educational investments. Although relatively expensive for its size and in paperback, it contains invaluable content for a trader. It opens the way to earning money every day and allows you to reach even further. "Harmonic Trading" is a precise investment strategy from opening to closing a position on the FOREX market. In my opinion, it is a must-read for every trader who has not yet reached the level of advancement that allows for frequent account growth. A book for beginners on the Forex market, which I recommend and will discuss.

It is difficult to find good financial literature in Poland
Educational literature on the Forex market is not the best here. American translations predominate (why exactly?) and such as Bulgarians do not have their trading masters. Several hundred page books starting with Adam and Eve, wandering who knows where. Stuffed with the authors' speculations and almost obligatorily illustrated with bar charts dominican republic whatsapp database in Poland. This is what is easiest to get. Against this background, Maciej Żelazny's book is something from a completely different barrel: "specifics, not water". The content corresponds to the subtitle, the author presents an investment strategy from A to Z. Showing not only entering the market, but also maintaining a position and exiting.

Strategies of the author of Harmonic Trading
forex book for investors
Harmonic Trading – Maciej Zelazny

It would be unfair to the author to reveal his strategy here, so I will limit myself to generalities that give some idea of ​​the whole. It starts with defining a time interval. One, specific, although the method described works for everyone. Then the trend is established, and this is done with the help of two (again precisely defined) moving averages. There is no guesswork here, whether the market is rising, falling or moving sideways. And if it is not moving sideways, but is in a strong trend, you can look for opportunities. And there are countless opportunities every day.

The whole game is to find the ABCD correction and apply three specific Fibonaccci measurements to the chart. The result allows you to determine the levels at which the entry point can be found: the price from which the market will move with momentum in the direction of the current trend. What's more, the entry point is precisely defined at a very low interval. The risk in such a transaction is a few pips, and the expected profit is several dozen. Since there are many ABCD corrections every day, you can earn, for example, 200 pips every day, and this is a really satisfying income, the amount of which depends only on the stake.

An accessible book about Forex
The author shows and explains everything in detail almost as if he was dealing with a kindergartener. The use of "Fibo" is also explained in great detail. It is known at what point to start a given measurement and where to end it. Candlestick formations are also shown, with the help of which the exact point of opening a position is determined. The whole thing is illustrated with new examples, patiently described step by step. The author clearly realized that understanding some concepts and techniques can sometimes be difficult. It may exceed the capabilities of the offender. Therefore, he wrote it in an extremely accessible, simple language, without jargon and smart-assery.