Free Forex MQL Training

Review:

This book is a useful starting point for those who want to enter the world of currency trading or rather Forex. It seems that both authors are actual Forex traders who know this market. This is a great plus for the book. Among good features of the book I can mention the following.

The Book Title and its Content Match
This is the second book in a row that I am reading and says what it promotes. The book is truly for Forex beginners. It explains very basic concepts in an easy-to-understand language. This feature is especially great if your mother tongue language is not English.

The Arrangement of the Content is Very Good
The chapters of the book are arranged in a logical order from training point of view. As you read through the book you feel that you are climbing up the ladder of knowledge. Every chapter is a step forward.

It Opens the Doors of Knowledge to the Reader
Since the book explains many aspects of trading; you as the reader have the chance to further research around them and build up your knowledge. Although many intermediate and/or advanced topics are not fully explained - which is wise for a beginners book like this - they are briefly introduced to the reader. Therefore you can search online or purchase more advanced books to have a better understanding of them.

Useful Topics
Almost every chapter of the book is useful. The only exception in my opinion is Chapter 7 "Mechanics of Forex Trading" which is a bit outdated. It shows screenshots of a trading platform which looks like not to be in use anymore. My favourite chapters are chapter 8 "The Calculating Trader" and chapter 11 "Money Management and Psychology".

Chapter 8 clearly explains profit/loss calculations through some practical examples. The examples and the text help the reader have an insight of important concepts such as leverage, margin, cross pairs and much more. I strongly recommend that you read this chapter twice and understand every calculation. Just a bit of promoting me, you may also read my tutorial about the concept of PIP along this chapter [link].

Chapter 9 is very short yet very useful. It opens the doors to the world of Money Management and Trading Psychology. These are two important aspects of trading and probably the most important aspects which unfortunately many traders do not take them very seriously. I strongly suggest that you not only read this chapter but focus on these two important aspects through online resources or other books in the market.

Conclusion

If you want to start trading currency this book is a must for you. It helps you to understand what you are up to. I suggest that you read the book once. Then continue learning by demo trading, reading online material, and studying other books. Eventually after 3 to 6 months read this book again. You will then find more leads to grow your knowledge. This book does not make you a trader. It does not offer you profitable strategies. What it does is an open invitation to the world of Forex with more understanding of what you are probably going to do.

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