One of my definitions of genius is someone who can take a complicated subject and explain it in a simple and effective way so that anyone can understand it. In this book CFDs Made Simple, Ashley and Jeff do just that.
Trading may well be one of the most challenging things you will undertake in your life but once you master it, it will be one of the most rewarding.
If you only ever read one chapter in one book about trading let it be the chapter about a trading plan in Ashley and Jeff’s book ‘CFDs Made Simple’
As you may know many businesses fail in the first 12 months, the ones that make it through the first 12 months increase their chance of success many fold. The businesses that do succeed have one thing in particular in common, they have a great and easy to follow business plan with targets and time frames. Trading is exactly the same. In my opinion a trading plan is the most important tool in your trading strategy. It gives you the ability to make decisions quickly and without indecisiveness when the pressure is on.
Investing on any level is risky even putting your money in the bank can be risky in some circumstances just look at the people who lost their entire wealth in the last depression when some banks lost everything. A good and successful investor is the investor who can find a way to mitigate their losses and a well thought out trading plan will allow you to do just that before you get into a position of being in a drawdown and will give you rules to follow rather than trying to decide what to do in the moment when you are in an emotional state. I can guarantee you if you don’t have these rules in place before you start you will lose money.
Whether you are a novice, beginner or already a full time successful trader this book will be an important tool in your arsenal and I recommend you read and re read it as many times as you can to gain a greater insight into how you can glean more profits with less risk from this rewarding but very challenging vocation.
Gentlemen thank you for taking the time and effort to publish this genuinely knowledgeable and informative piece of writing.