Investors and Gamblers in Forex Trading
Book Details
Author(s)Kingsley Augustine
ISBN / ASINB013O7UYJC
ISBN-13978B013O7UYJ9
Sales Rank2,055,887
MarketplaceUnited States 🇺🇸
Description
This forex book explains a forex long term investment strategy in which the money you make as profit is highly commensurate with the capital you have invested. If you start forex trading with a small amount of capital and apply the method in this book diligently, then be sure that your capital will increase gradually and after a long time of investment your profit will grow at a much higher rate.
Investing in forex does not have formula as many books will explain to you. If you invest a large amount of money in a bank at a fixed deposit interest rate of 10% per annum, then you can mathematically calculate your exact profit and know what your returns will become at the end of one year. Can you do that in forex? What I simply mean is that there is no mathematical formula in forex that can help you determine if you will make a loss or a profit for any particular move that you make. If you must remain in the market and be sure to make profit, then you must avoid gambling.
Once you avoid gambling in forex, then you are certain of making profit. Since you cannot easily predict if the market will go against you or not, then do not do what can make you lose all your money. I mean invest your money and avoid gambling. It is as simple as that.
Investing in forex does not have formula as many books will explain to you. If you invest a large amount of money in a bank at a fixed deposit interest rate of 10% per annum, then you can mathematically calculate your exact profit and know what your returns will become at the end of one year. Can you do that in forex? What I simply mean is that there is no mathematical formula in forex that can help you determine if you will make a loss or a profit for any particular move that you make. If you must remain in the market and be sure to make profit, then you must avoid gambling.
Once you avoid gambling in forex, then you are certain of making profit. Since you cannot easily predict if the market will go against you or not, then do not do what can make you lose all your money. I mean invest your money and avoid gambling. It is as simple as that.
