There’s plenty of potential in forex trading, but a market seeing trillions of dollars move each day is incredibly daunting to dive into. The 10 Keys to Forex Trading affords would-be traders insights into starting out the right way. Read on to discover what lies within its digital pages. We’re breaking it all down in our 10 Keys to Forex Trading Review.
What Is 10 Keys to Forex Trading?
10 Keys to Forex Trading is a 43-page beginner’s guide to forex trading written by forex guru Jared Martinez. The digital book contains ten chapters with a unique key to help potential forex traders discover the skills they need to profit.
Key one introduces the history of forex trading from the end of World War II to present day. The market we know as the Foreign Exchange first appeared in 1971 as a means of trading one country’s currencyhttps://www.thestockdork.com/10-keys-to-forex-trading for another. The chapter goes on to explain pips and how currency traders make money through the exchange process.
Key two teaches on Japanese candlestick charts and how investors should read them. Candlesticks often reveal market activity and which currencies may be trending. Profit comes when a forex trader correctly predicts market changes.
Key three lists the advantages of the forex market compared to other investment opportunities. The guide lists liquidity, 24-hour market access, two-way market stream, and low execution costs as just some of the many reasons forex is a worthwhile trading method. Each advantage offers detailed reasoning and examples.
Key four talks about trends and how to spot them among the noise. Trends can reveal short or long-term opportunities leading to significant gains down the road. You’ll also learn about entry and exit points to maximize purchase power.
Key five explains the fundamentals of market consolidation and how traders can learn to utilize these periods to make money. These events commonly occur when leading up to a significant economic announcement or as a country tries to control its currency’s value.
Key six offers some grounding tips when investing in forex or another asset. As the section explains, it’s essential to go in with a solid trading strategy and understand how much you can afford to lose. There will be losing and winning trades, and protecting your investments can keep you from financial ruin.
Key seven travels back to 13th century Italy and Leonardo Fibonacci’s impact on the financial world. The mathematician uncovered patterns in number sequences that directly correlate to trading activity.
Key eight shares sobering statistics about how few people reach financial freedom before retirement age. It comes with the encouragement of a successful forex trader who has been through the trenches and made it out the other side. Forex trading is not foolproof by any means, but with time and effort, just about anyone can find success.
Key nine encourages individuals to find a mentor before they start trading. This way, it’s possible to learn from others’ mistakes rather than making them on your own. If you’re unsure where to turn, the Market Traders Institute was set up nearly 30 years ago to provide this exact type of relationship.
Key ten points out rather overtly that you will make mistakes along the way, and some will hurt. The rest of the section offers encouraging words for those needing to pull themselves up, dust off, and try again.
Who Is Author Jared Martinez?
Jared Martinez is the founder of the Market Traders Institute, a company known to be a leader in Forex trading strategies and education. His knowledge and experience have earned him the title “FXCHIEF”.
The successful forex trader cut his teeth on foreign exchange in the 80s and 90s, learning the technical indicators and developing the tools to become profitable. He has since turned his pursuits toward educating new traders on the forex market through his unique trading style.
In addition to regular mentorship sessions, the FXCHIEF is an accomplished writer, penning 10 Keys to Forex Trading, The Forex Mindset, 10 Habits of Successful Traders, and more. To date, Jared and his team have trained over 30,000 new and experienced traders on how to find success on the forex market.
What Is Market Traders Institute?
Jared Martinez established the Market Traders Institute (MTI) in 1994 to help others develop successful trading practices while investing in financial markets. Martinez has built a team of like-minded experts to help him share his trading strategies.
Within the platform are several educational materials created by these experts to steer traders in the right direction. A 90-minute overview functions as a beginner’s guide, revealing systems and trading strategies to develop the basics of good forex trading. Starter courses and premium packages follow, delving deeper into specific areas of forex.
Anyone signing up for an MTI course gets matched with an education specialist who offers guidance to help them reach personal goals. These specialists understand that forex trading isn’t profitable overnight and will walk with you through the learning curve.
You’ll also gain access to the large community of successful forex traders who have been where you are and can help avoid risks and dodge losing trades along the way. MTI traders report being 50% more successful compared to surveys from other similar platforms.*
Is 10 Keys to Forex Trading Any Good?
10 Keys to Forex Trading is an incredible read for anyone looking to become a successful forex trader. The guide’s many tips come straight from the lips of an expert who has covered the mountains and valleys of forex trading.
It is as much encouragement as an opportunity to learn the basics of developing a trading plan for getting involved in forex. You’ll receive a foundation many traders don’t have when investing for the first time.
Is It Worth Learning Forex Trading?
Forex trading is worth pursuing for many, but it is not for everyone. It takes a keen eye and careful analysis of trends, as there is no single formula for success.
The Foreign Exchange market is by far the largest in the world, seeing trillions of dollars move back and forth each day. It is also very liquid, always requiring a buyer and a seller to enact even a single trade.
Traders can get involved for as little as $100, but navigating this market does require a good trading strategy and strong risk management. However, those willing to put in the hard work and have proper discipline can certainly learn to make profits in this lucrative space.
10 Keys to Forex Trading Review: Final Thoughts
Like any other investment opportunity, forex trading requires knowledge, some skill, and an understanding of how the system works. Jared Martinez’s 10 Keys to Forex Trading is a solid introduction to the world of currency trading and tips to help you generate profit.
As the tip of the iceberg, 10 Keys to Forex Trading sets the stage for developing a trading plan and navigating pitfalls along the way. Combined with other tools from the Market Traders Institute, traders have everything they need to set themselves up for long-term success.
*DISCLAIMER: Trading carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Before getting involved in trading you should carefully consider your personal venture objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial deposit and therefore you should not place funds that you cannot afford to lose.
MTI does not manage money and our staff will never solicit you to manage your money. We will never reach out to you via social media, email or telephone and ask you to wire money directly to an individual person.