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Andres E. Pedraza
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Making It in the Forex Market: From Zero to $5,000 Per Month (Special FX Academy) Paperback – August 31, 2017

by Andres E. Pedraza (Author)
4.4 4.4 out of 5 stars 117 ratings
See all formats and editions
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This is the book the author wished he had been able to find when he started trading the foreign exchange market. A clear, easy to follow, and complete blueprint on how to start trading the Forex profitably and while minimizing risks. Bypassing the hype present in today's multi-thousand dollar courses that over promise, under deliver, and have led many to frustration and loss of funds, this book takes you by the hand to guide you safely past the minefields.

Forex Trading doesn't have to be complicated. All it takes is an understanding of how the Forex Market works and its history, how to perform technical and fundamental analysis, and most important, equity and risk management. Where others give bits and pieces, this book holds nothing back. Every bit of information needed to get started and profit is provided.

- History of the Forex Market
- The Necessary Psychology a Trader HAS to have
- How to set up charts
- How to set up an account
- Understanding Candlestick Patterns
- Technical Analysis
- Fundamental Analysis
- Trading Strategies
- Equity Management
- Risk Control
- Managing Open Trades
- Budgeting for Profits
- Avoiding Black Swans
- What NOT to do
- What to do after success
- Recommended Reading

There are companies charging thousands of dollars for half the information in this book. Read this book before spending your hard earned cash on such products. Start trading with that money instead. Access the companion website and the author for further tips and assistance.

Use this book to successfully trade in the world's largest market, which trades in excess of $5 trillion dollars every day, 24 hours day, except weekends. Understand what works and what doesn't work, in easy to understand language, without the need for a financial dictionary or any math skills more advanced than middle school math.

Stop depending solely on a job or on temperamental clients. Trading the Forex Market requires no interaction with any other people in order to profit. Perfect for those looking for a second income in their spare time, since the market is open 24 hours a day, 5 and a half days a week. Stay at home moms can actually stay at home. Work your way up to fully replacing your salary and even retiring early. Make money for yourself and your family instead of for a company that sees you as just one more replaceable cog.

Join a community of intelligent people who let their money work for them, instead of them working for money. Learn one of the best skills to have in times of uncertainty, the ability to make money at will.

See you on the inside!
Previous page
  1. Print length
    123 pages
  2. Language
    English
  3. Publication date
    August 31, 2017
  4. Dimensions
    7 x 0.29 x 10 inches
  5. ISBN-10
    1549604082
  6. ISBN-13
    978-1549604089
  7. See all details
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Product details

  • Publisher ‏ : ‎ Independently published (August 31, 2017)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 123 pages
  • ISBN-10 ‏ : ‎ 1549604082
  • ISBN-13 ‏ : ‎ 978-1549604089
  • Item Weight ‏ : ‎ 11 ounces
  • Dimensions ‏ : ‎ 7 x 0.29 x 10 inches
  • Customer Reviews:
    4.4 4.4 out of 5 stars 117 ratings

About the author

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Andres E. Pedraza

Andres E. Pedraza

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Andres E. Pedraza was born in Flushing, Queens, in New York, and is a first generation American. Both his parents are from Colombia, but actually met for the first time in New York City. Andres was raised in Queens, but has lived and worked in Colombia, his parents' native land, as well as in multiple places around the US. He currently lives in Pennsylvania.

He majored in Computer Science, and went on to have an illustrious career managing Information Technology operations for Fortune 500 companies. Among these, Nortel Networks, Computer Sciences Corporation, Baker & Taylor, NY Langone Medical Center, the New York Stock Exchange, EuroNext, Unisys, and Fannie Mae.

Exposed to trading and the markets at an early age thanks to his father's activities, then re-exposed while working at NYSE, EuroNext, and Fannie Mae, he took early retirement from salaried work to become a successful and profitable full time trader. He primarily focuses on the Foreign Exchange Market (Forex, for short), and both writes about it and coaches aspiring traders. His books are aimed at traders of all levels, even those absolutely new to trading.

Besides trading, he is also an avid student of Japanese culture and martial arts, and has traveled to Japan several times to immerse himself in its culture and learn directly at the source.

He enjoys writing and talking about trading, and can be easily contacted through his website, https://specialfxacademy.com/

Customer reviews

4.4 out of 5 stars
4.4 out of 5
117 global ratings

Top reviews from the United States

robert mazone
5.0 out of 5 stars A life changing BOOK!!
Reviewed in the United States on October 19, 2023
Verified Purchase
I love this book! I’m a newbie in the trading world and found a stable foundation by reading this book. Simply Awesome!
One person found this helpful
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Robert Knox
5.0 out of 5 stars Highly Recommended for People with Market Experience
Reviewed in the United States on October 31, 2017
Verified Purchase
The author opened my eyes to a whole new ball game. It was perfect for me and gave me hope for a stock market that seems insane at the present time.
This book gets the highest rating possible because it delivers on its promise. Promising a reader a means for making $5000 a month may seem unbelievable, but for people with market experience, one realizes that it is entirely possible.
He makes the structure of forex trading clear and concise and guides us through the many aspects of trading thoroughly.
It is also a special book. It needs to be understood as a niche book. For someone who has never looked at stock markets and all the instruments that can be traded, it would be difficult to understand and might take the reader many months to grasp the nuances.
A book that offers a way to make money makes many of us suspicious that the author is just after our money and the scheme would never work. That is not the case for this book. Mr. Pedraza is serious and delivers on his promise. I trust his message and consequently trust the author.
If you are familiar with markets and trading, this is definitely a book worth reading and the price is right.
I plan to put his counsel to practice. I believe that one can make $5000 a month by carefully following his advice.
18 people found this helpful
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Benjamin J. Pierce
5.0 out of 5 stars Understandable and concise.
Reviewed in the United States on February 10, 2019
Verified Purchase
As someone with modest experience (at best) in investing and trading, I've been devouring lots of books on the topic lately. This one is a gem. Pedraza writes in an unpretentious style, and yet you can tell he knows what he's talking about. The information here is distilled; he frequently points out that there is a world of reading to do on many topics, and yet he emphasizes the main focuses and some key strategies (specifically, with concrete guidelines) for forex trading. He has much to say about managing your account balance and not making risky trades. A big takeaway is that forex trading is not for gamblers. It's for patient people willing to work at a skill.

Don't let the book's slender figure mislead you. It's a wealth of great info and well worth the price tag.
5 people found this helpful
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Micah
5.0 out of 5 stars Clear and Thorough
Reviewed in the United States on November 18, 2017
Verified Purchase
For a concise rundown of the most important couple of dozen things you need to know about FOREX, get this book.
There is no attempt by the author to dazzle you with jargon or deep technical ideas. This is pitched at beginners and makes the market very approachable.
I'm not a beginner and I have learned most of these lessons the hard (read: expensive) way. How helpful this book would have been when I started out!
Read this book, start trading small amounts of money, read the book again and repeat. This will save you a LOT of time, stress and money.
11 people found this helpful
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Ak
5.0 out of 5 stars Great book on Forex Basics
Reviewed in the United States on March 15, 2022
Verified Purchase
Starts from basics and takes you to next level.
Also cautions about preserving the Capital and strategies to make most of it.
One person found this helpful
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Roger Dana
5.0 out of 5 stars Quick Guide to the first steps to Trading Forex
Reviewed in the United States on July 8, 2019
Verified Purchase
You will need to read more about trading currencies then this book. It's a good book to read and get a quick outline of what to expect. It's not promising any high gains and it indicates you will lose money until you gain patience and discipline. I liked the strategies he mentions and they work. If you have not traded yet keep reading books and absorb as much as you can.
One person found this helpful
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Yongpeng
1.0 out of 5 stars Another book with the same content
Reviewed in the United States on May 13, 2019
Verified Purchase
After reading this I am more certain that all books out there just repeat the same thing over and over. If u ever read a book about how to trade stock or anything else, there is no need to read this one, just another waste of money and time. Just start trading and think deeper of ur problem and mistake u make, which will be more helpful than reading another book hoping for their methods will produce better result
11 people found this helpful
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Calin J.
5.0 out of 5 stars Well explained
Reviewed in the United States on September 30, 2021
Verified Purchase
Good book to start trading journey with. Japanese candlestick charting techniques (recommended here) is a nice one to buy. I’m also looking for your future books.
3 people found this helpful
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Top reviews from other countries

Peter Fritz
5.0 out of 5 stars The book I needed!
Reviewed in Australia on January 27, 2023
Verified Purchase
Beautifully simple, consistent, and unambiguous; this is exactly the book I hoped it would be. It’s the one book EVERY beginner trader needs to read. Thank you, Andres, for investing the time, energy, and care it took to produce this very generous book. Having published a book myself (on becoming debt-free), I know how big that mountain is. This valuable roadmap will now inform my personal trading plan. 👍🦘
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Sandeep Jangid
5.0 out of 5 stars Five Stars
Reviewed in India on February 9, 2018
Verified Purchase
Nice book
One person found this helpful
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