O'Reilly logo

The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Start by Cliff Wachtel

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 13

Now What? Next Steps

Here's what we've covered and what you should do next.

WHERE YOU’VE BEEN

Chapters 1 through 9 give you the very basics, which you'd find in some form in most forex books, but with the advantage of greater:

  • Clarity and detail.
  • Detail and emphasis on keeping your losses and stress lower, via obsessive RAMM, and focus on longer-term holding periods needed to exploit the more reliable longer-term trends and ranges.
  • Detail and emphasis on discovering which kinds of trading styles fit you best.

While these were of more direct use to traders, long-term passive investors should be very familiar with this material as well because it will help them make better decisions and lower their risk by getting better entry points, and by knowing when a planned long-term investment is best abandoned as a mistake, at least for the time being.

Chapters 10 through 12 are for the more passive long-term investors, showing how you can still benefit from forex markets even if regular online leveraged spot market trading isn't for you. For many of you, it won't be appropriate, and that's fine. You can still profit handsomely from forex markets using the alternatives presented. No one talks about these (maybe because they're relatively new), but they should, because everyone needs some forex exposure for reasons cited in the introduction, Chapters 1, 2, and 12. It can lower your currency risk, which can be substantial when you're overexposed to currencies of mismanaged economies, ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required