One common story is of traders who started small. They might have had a meager amount of capital, like $500. They spent hours studying charts, learning about different currency pairs. For example, a trader I know focused on the EUR/USD pair. He faced losses initially but learned from each trade. He gradually increased his trading skills and now makes a decent living trading full - time.
There are stories of Forex traders who overcame huge losses. Say, a trader who lost a significant portion of their investment due to a sudden market shift. Instead of giving up, they went back to the drawing board, re - evaluated their trading strategies, and started trading again more cautiously. They learned from their mistakes, like not having proper stop - loss orders in place before, and eventually recovered their losses and made a profit.
The recommended introductory books on foreign exchange speculation are as follows:
1. Introduction to Foreign Exchange Speculation ( ·Bogel)
This was a very classic introductory book on foreign exchange speculation. It introduced the basic knowledge of foreign exchange investment, trading strategies, and risk control methods. The book also included some practical cases and experiences that were very suitable for beginners to learn and refer to.
2. The Foreign Exchange Market (by Stanham)
Forex Market is a book on the forex market that covers all aspects of the forex market, including market history, trading strategies, technical indicators, and risk management. This book is very practical and can help readers better understand the foreign exchange market and develop a trading strategy that suits them.
3."The Real Fight of Foreign Exchange Speculation"( ·Schule)
"The Real Fight of Foreign Exchange Speculation" was a book that introduced foreign exchange speculation strategies. It showed how to use different trading strategies to speculate in foreign exchange through practical cases. The book also includes some risk management and mentality adjustment methods to help readers better master the techniques and strategies of foreign exchange speculation.
The above are some of the recommended books on foreign exchange speculation. You can choose the books that suit your interests and needs to learn.
Definitely. There are various short story contests that welcome longer stories. For instance, many local or regional writing contests have flexible word limits. They aim to encourage a wide range of story - telling. A longer short story can often explore complex themes and character development more deeply. However, it's important to carefully read the contest rules to ensure your story meets their requirements, such as formatting, genre, and submission guidelines.
Contests for children stories have several benefits. For one, they encourage children to express themselves. When kids write stories for a contest, they get to explore their imagination freely. It also helps in improving their language skills as they try to use proper grammar and vocabulary. Moreover, it gives them a sense of achievement if their story is recognized. This can boost their self - confidence. Additionally, they get to read other children's stories if the contest has a sharing or publication aspect, which exposes them to different writing styles and ideas.
One popular contest in school is the spelling bee. Students compete to spell difficult words correctly. It helps improve their vocabulary and spelling skills. Another is the science fair competition, where students showcase their scientific projects and experiments. Math competitions are also common, which encourage students to solve complex math problems quickly and accurately.
There were various fiction contests in May 2018. Some were focused on specific genres like romance or mystery, while others were open to all types of fiction.
One forex success story is about George Soros. He is well - known for his currency speculation. In 1992, he bet against the British pound, which was pegged to the Deutsche Mark at an unsustainable level. Soros saw the flaws in the system and his Quantum Fund sold a large amount of pounds short. His move forced the British government to devalue the pound and abandon the peg. Soros made a billion - dollar profit from this trade. It showed his deep understanding of macroeconomics and currency markets.
First, have a clear and engaging concept. Think of an interesting idea that can be developed within the short story format. For example, a unique character with a strange quirk or a situation that is both ordinary and extraordinary at the same time. Second, focus on the language. Use vivid and precise words. Don't over - complicate but also avoid being too simplistic. Third, create a strong structure. Have a beginning that hooks the reader, a middle that builds tension or develops the plot, and an end that satisfies or surprises.