FOREX TRADING: The Basics Explained in Simple Terms

As the title indicates, this book is oriented toward giving beginners the basics. The author is a self-taught forex trader who became intrigued by currency exchange and its profits at a private gathering for stock traders. The text stands out for Brown’s clear, concise language that, without being condescending, never takes the reader’s knowledge for granted. Some of the basics covered are:

• The definitions of forex and forex markets
• Strategies for entrances and exits
• Trading psychology
• The ins and outs of forex pairs
• Places to trade foreign currencies
• Tips for selecting a broker

Brown also offers up his own trading strategy that a novice can use, or at least be inspired by and use as a guideline for creating a personalized one.

Jim Brown is one of the more well known authors in the currency trading industry. Brown authored a number of forex market books that range from introductory level material to more advanced titles focused on complex trading and market dynamics. Forex Trading is the first book in a multi book series and is targeted to new investors interested in trading the forex market.

New traders will benefit from the information in the book as well as bonus access to Jim’s Facebook group and one of his Trading Systems. Readers appreciated the short, concise and practical advice provided in the book.