Author of Fundamentals Of Currency Trading:
Mastering Technical Analysis, Fundamental Analysis, Trading Psychology & Risk Management
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 learn:
- Basic terms and principles of currency trading
- Fundamental 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
- BONUS: Useful websites for traders
So much more……
Add these tools to your trading plan and you’ll be able to experience new level of results by achieving consistency. 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!
Author of Trading Journal:
Your Guided Template For Trading Success
Most of you would have known that consistency and discipline are part of the success formula in any sport.
The same goes for trading!
So you may ask “Consistency and discipline to do what exactly?”
In your quest to strive to improve your performance, it is paramount to review!
To look at your best and worst trades.
What have you done well? Replicate the success!
What have you done wrong? Avoid the pitfalls!
Study the pattern of your trades. So that you can tweak your strategies and predict success! In fact, this habit is so deep-set in top traders, that it is second nature to them.
Success in forex trading requires a high level of planning and practice.
What best way to track your performance and review other than journaling?
Keeping a trading journal is a smart move to boost your performance and gain confidence in your executions.
Yes! Hence, the SECRET to being consistently successful in your trading lies in the magic of keeping a TRADING JOURNAL.
In this trading journal that I have just launched, I will
- Provide a step-by-step guide to help you identify your WHY.
- Assist you to set your financial goals.
- Offer guidance to help you select suitable investment vehicle(s).
- Help you find out your risk profile.
- Show you how to determine the rate of return.
- Lastly, a realistic time frame needed to achieve the financial goal.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or stocks, you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this website, by Karen Foo International, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Karen Foo International will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.