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Forex Trading: The Basics Explained in Simple Terms

by Larnie Brown

A beginner’s introduction to foreign-exchange trading

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Awards & Recognition

  • Editorial selection

    Investopedia Top 5 Books for Beginner Forex Traders

    Listed among Investopedia’s Top 5 Books for Beginner Forex Traders in August 2024.

AlbakiReads Editorial

A beginner’s introduction to foreign-exchange trading

This guide introduces the foundations of currency trading, including exchange rates, currency pairs, and trading strategies, alongside an overview of the global economy and international finance. It also addresses risk management and includes a trading system with indicators offered for use with MetaTrader and TradingView. The source describes downloadable materials and access to trader discussion groups, so the book’s scope extends beyond explaining core terminology to outlining practical tools and resources. Published in 2015, it is framed as an entry point to Forex rather than a guide to independently verified current market rules or conditions.

Good fit for readers who enjoy

  • People beginning to learn how foreign-exchange markets and currency pairs work
  • Readers seeking an introductory overview of trading strategies and risk management
  • Forex learners interested in accompanying indicators and trader discussion groups

Themes

Foreign exchangeCurrency pairs and exchange ratesTrading strategiesRisk management

Based on publisher information and book metadata.

Book overview

All of Jim's FOREX books consistently rank BEST SELLERS on Amazon, and there's a very good reason for this.

Forex Trading: The Basics Explained in Simple Terms is more than just a book-it's your gateway to understanding the world of foreign exchange and currency trading. First released in 2015, the content remains as valid and relevant today as it was then. In fact, Investopedia listed this book as one of the Top 5 Books for Beginner Forex Traders in August 2024.

Jim Brown, a seasoned Forex trader from Queensland, Australia, has mastered the art of navigating the Forex market. With experience dating back to 2002, Jim has witnessed the evolution of currency trading from manual charting to sophisticated automated systems.

In this book, Jim simplifies the complexities of the global economy and international finance, offering a clear introduction to exchange rates, currency pairs, and effective trading strategies. Whether you're just starting out or seeking to strengthen your understanding of financial markets, this book is an ideal starting point. It is perfect for those of you who are just starting to consider trading Forex but don't know where to begin. Given the abundance of information on the internet, it is a good first book to read to gain an understanding of the very basics.

What sets this book apart is the extra value Jim provides at no additional cost:

  1. As a bonus, Jim includes one of his proven trading systems and the necessary indicators to get you started. The custom indicators for the MT4/MT5 MetaTrader platforms and TradingView are available as a download package.
  2. An invitation to join his JAGfx Facebook Group with over 8,500 members, where both new and experienced Forex traders share insights and strategies. Jim has daily interaction in this group, sharing live trades, results, and regular trade analysis videos.
  3. Access to his Telegram Group for real-time discussions.
  4. Direct contact details for any questions or further clarification.

 

If you're looking to build a solid foundation in Forex trading and risk management, this book is for you. Connect with Jim through his YouTube videos, Facebook, or Telegram-he's an approachable expert passionate about helping others succeed in currency trading.

Jim's books in order of release:

  1. Forex Trading: The Basics Explained in Simple Terms
  2. MT4/5 & TradingView High Probability Forex Trading Method
  3. Trading Forex with Divergence on MT4/MT5 & TradingView
  4. Forex Trading using High & Low Risk Strategies
  5. Forex Trading Journal Patience, Courage, Discipline

Jim has been featured on:

  • Desire to Trade Podcast with Etienne Crete
  • Trading Nuts Podcast with Cam Hawkins

 

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