Hi, and a very warm welcome to my currency trading site which I hope will teach you everything you need to know about how to start forex currency trading online, and to become a successful currency trader. As you may know I am a full time currency trader myself, and I know from personal experience how difficult it can be, to find informative and helpful sites online when you are starting out - hopefully this one will help!
I do write daily forecasts and market analysis on my personal site, so if you would like to discover where the markets are really going - simply click on the link here : Anna Coulling - my latest forecasts
Volume has been the cornerstone on which my own trading career has been built. It was where I started, and I consider myself fortunate to have done so. Why? Because volume and price are the ONLY leading indicators of future market activity. Many traders never discover their awesome power until it's too late, relying on lagging indicators, which.........lag the market. Now finally it's here. In the book you will discover the unique approach that is VPA, or Volume Price Analysis. Price on it's own is just that - a price. Volume on it's own is just that - volume. But combine them together, and just like adding saltpetre, charcoal and sulphur, they become an explosive mixture. Your charts will quite literally EXPLODE into life. Suddenly you will have the insight to read the next market move, before it happens. Now, with VPA your trading will become stress free and enjoyable. Why? Because your trading decisions will be based on logic and common sense. The insiders simply CANNOT hide market activity from view. All you need to do is interpret the volume price relationship - then simply follow them. AND YES - even in the spot forex market!!
Here are some of the wonderful comments I have received on emails from customers who have bought the book - thank you so much - Anna
Dear Anna, I want to thank you so much for providing retail traders with a wonderfully written, fun to read, and very smart book ! I just finished your “A Complete Guide to Volume Price Analysis” and found it thoroughly enjoyable, and very, very informative. I had been introduced to some of these concepts before ( “volume spread analysis”) but have to tell you that your style and approach is a lot easier to comprehend, and a lot easier to actually put into practice. JK
Dear Ms Coulling, I found your book on Amazon by chance, after having typed in Trading using Volume Price Analysis. Got the book this week, and I am already half way through it. Your exposition of the volume behaviour in the market and how different price bars relate to volume is fantastic. It truly is an eye opener. I have been interested in the Wyckoff approach for a while, but have not found something as clear as your book. Thanks for writing such a great book. SG
And now for another......
If you are new to the world of forex trading, then the following book may be for you. I remember what it was like when I first started and it can be a confusing and complex market to interpret.
In the book I explain the forces that drive the markets, and the broad approaches to analyzing market behavior. I hope it will provide the background knowledge to help you become a better trader, as you enter the world of forex trading.
Success for many traders remains an elusive dream, and whilst the trading process itself is relatively simple and straightforward, the markets themselves are most certainly not. Indeed of the four principle markets, forex is the most complex of all, and yet is promoted as one that could be your own personal ATM machine. Nothing could be further from the truth, which is why many aspiring traders ultimately fail and either give up, or move on. This is a great shame, as it's not their fault, and is simply because no-one has ever explained how the markets, and in particular, the forex markets, really work.
If this sounds familiar, then this book is for you.
The forex market is far from simple, and the tools and techniques you will need to survive and prosper are varied. Many budding traders approach the world of foreign exchange in a one dimensional way, either in adopting one single analytical technique, or by assuming that this market works in isolation to all others. Both are equally dangerous. The forex market sits at the heart of the financial world. After all, every decision by every speculator, trader or investor is about one thing, and one thing only - money. The FX market embraces every aspect of risk and return in financial terms, which is then overlain with the political and central bank manipulation, all part and parcel of this world. To succeed as a forex trader, you need to equip yourself with the tools, the knowledge and the techniques to take on the immense forces ranged against you. Approach the forex market with a pea shooter and you will simply become another casualty. Arm yourself with this book, and you will then enter the forex trading world, fully mobilised with the appropriate weapons, of which knowledge and insight are the most powerful.
And don't forget as the late great Jesse Livermore once said: "It [the market] is designed to fool most of the people, most of the time"
Forex For Beginners is a step by step guide to help you get started in the exciting world of forex trading.
The book leads you by the hand, from explanations of how and why we have a forex market, how it works, and the mechanics of placing trades. The various analytical approaches are explained in detail, along with understanding the importance of volume and price. From there, the book moves on to explain the concepts of margin and leverage, trading plans, quantifying risk money management, and position sizing.
Then, it’s putting it all together, as we walk through complete trades together, from start to finish, with several worked examples. Finally, the book explains key elements of the MT4 platform, and how to place and manage trades.
Throughout the book there are hundreds of images and pictures, with simple explanations, to help explain everything clearly, so you will learn fast - and nothing has been left out. If you want the complete book, from novice to placing your first trade, and everything in between, then this is the book for you!
The book will be published in the next couple of weeks at a very special promotional price, so please grab your copy FAST.
As always - thank you all so much for your kind comments and feedback on my other books. I cannot tell you how touched I have been, and I hope that you enjoy this book, as much as the other two. As soon as it's available, I will add the link here.
All best wishes many thanks - Anna
Anna's Twitter Updates
Follow Me On Twitter
If you would like to follow some of my trades, I do post regularly on Twitter which is often called a "micro blogging" service. For those of you who are not familiar with it, it is simply a quick way to stay in touch with friends, family and news. You only link to people who are of interest to you, and the longest message is limited to 140 characters, so messages are short and sweet! It is ideal for me as I can update very quickly from my screen with details of possible trades, opportunities, news and also details of when my other sites have had new posts added, so you are always in touch. If you would like to follow me, and you already have a Twitter account, please just click on the "follow me on twitter" link above, or alternatively open an account with Twitter and then follow me. In addition I am also on Facebook, and MySpace, and would be delighted to hear from you there. I will shortly be opening a trading room on FriendFeed which will be available for you to meet other traders and investors and to discuss trading ideas, problems and strategies, along with access to my own trading suggestions. So there is a great deal going on at the moment, and please don't forget, you can always ask me a question at the new 'Ask Anna' site, or simply review trading questions asked by others so I hope you enjoy this new site.
I am in the process of updating all my sites which will include daily posts and videos by me, about future market directions, suggested trades, and opportunities for future trades. In addition when a site has been updated with a new post or video then these details will also appear immediately, which I hope you will find useful, and I look forward to welcoming you via one of the above.
As always, I have tried to explain about trading in currency clearly and simply, but if you do have any forex trading questions then please just click the Ask Anna button above and ask! I love to hear from people from around the world, and if I can help you a little I would be delighted. Again, this is free as I feel there are enough people out there trying to make money from novice traders, particularly in the currency markets !
Let's start with a shocking fact : 85% - 90% of retail currency traders lose money, and you will probably be one of them. Why? Firstly, because it is so easy to start forex currency trading online. Open an online account with a currency trading broker ( there are hundreds to choose from with more everyday) and you can be selling pounds and buying dollars with the rest of us. Secondly, currency trading offers the dream of giving up the day job, and trading for a living. Thirdly, the market is full of scams and is generally unregulated. Fourth you need to be disciplined to succeed with a rigid trading plan. Finally you need to have sufficient funds - this is the single most common reason most currency traders fail. There is also a further reason, which encapsulates much of the above, and this is simply that very few currency traders ever have well thought out or developed currency trading strategies, generally preferring to trade on gut instinct and emotion, constantly chasing the market, and never taking the time to step back, think, practice and learn, whilst trading in small contract sizes using a well developed strategy. Trade without a strategy and you will become another statistic I'm afraid.
It is possible to make money trading in the currency trading markets, and eventually give up the day job - I have done it so I know, and therefore speak as someone who has learnt the hard way and succeeded. The actual mechanics of how to trade currencies are very simple, and covered on many other sites. The purpose here is to highlight the pitfalls ( there are plenty of them!!), and provide a solid grounding in all the aspects of currency trading trading that you will need to understand in order to succeed. Whilst I primarily trade as a technical trader using currency trading charts, I am also keenly aware of the fundamentals of each country and how it affects the home currency, along with the broader world economic picture. This is critical to your success, and in order to help you I have given each currency pair a page on its own, with all the information you need on each, which I hope is useful in helping you to learn currency trading.
OK - so you want to start trading forex for a living - let's start by looking at the some of the basics of online currency trading as you begin to learn currency trading.