Forex for Beginners: A Comprehensive Guide to Profiting from the Global Currency Markets

Forex for Beginners: A Comprehensive Guide to Profiting from the Global Currency Markets

by Adam Kritzer
     
 

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"Backed by a comprehensive list of studies, this book is a brilliant contribution on the connections between exchange rates and economics."
—Francesc Riverola, CEO and Founder of FXstreet.com

"Adam Kritzer has been covering the forex market for years as a prominent but accessible industry expert. In a market sector full of

Overview

"Backed by a comprehensive list of studies, this book is a brilliant contribution on the connections between exchange rates and economics."
—Francesc Riverola, CEO and Founder of FXstreet.com

"Adam Kritzer has been covering the forex market for years as a prominent but accessible industry expert. In a market sector full of pitfalls for the novice, this book will help many new traders avoid costly mistakes and get started on the path to success."
—Andy Hagans, Co-founder of ETF Database

"Adam Kritzer is not only one of my favorite forex writers but also one of the best ... This book will likely become required reading for those getting into the forex market."
—Zachary Storella, Founder of CountingPips.com

Forex for Beginners: A Comprehensive Guide to Profiting from the Global Currency Marketsis a guide for those who want to earn extra income trading currencies without committing large amounts of time or money. This book will introduceglobal investors to the basics of forex (foreign exchange) trading and provide them with a solid framework for analyzing currencies and profiting from their fluctuations. Topics covered include the forces that cause exchange rates to fluctuate, an overview of the mechanics of trading, analytical and forecasting tools, how to profit from pricing trends, and common pitfalls that often ensnare traders.

While most books make grandiose promises of instant success and large profits, Forex for Beginnersrepresents an alternative approach to investing in forex. The forex market is dominated by institutional capital and algorithmic trading, making it unrealistic to think thatday traderscan beat the market by relying on charts and technical indicators alone. Thus, the emphasis here is on fundamental analysis—using economic concepts to spot currency misalignments—and staking out positions to profit from them over a period of weeks and months.

If you’re eager to tap into the world’s largest financial market on a part-time basis, this is the book for you. You will gain an understanding of how currency markets work and use this knowledge to generate income.

What you’ll learn

Investors from all countries will:

  • Understand how global currency markets operate and how currencies are exchanged
  • Learn why exchange rates fluctuate, from the standpoint of economics and human psychology
  • Open an account and become fluent in the mechanics of trading foreign exchange
  • Learn how to avoid getting skinned alive by trading professionals and brokers
  • Adapt your personality and financial circumstances to a specific approach to analyzing and trading currencies
  • Avoid pitfalls and limit risk to prevent profit from turning to loss
  • Earn money and have fun trading

Who this book is for

Forex for Beginners: A Comprehensive Guide to Profiting from the Global Currency Marketsis a guide to trading currencies for those with some investing experience but who lack the specific knowledge they need to trade forex. This guide does not promote a get-rich-quick approach, nor is it predicated on overly complex methods. It is geared instead to international investors who want simple-but-effectiveanswers to these simple questions: "Why do currencies fluctuate?" And, "How can I profit from those fluctuations?" Most importantly, it is for thosewho want to generate additional income or pad their savings accounts without sitting in front of their computers and trading for hours on end.

Table of Contents

Introduction

Chapter 1: Forex Market: History and Overview

Chapter 2: What Are Your Options?

Chapter 3: What Makes Currencies Move

Chapter 4: Overview of Trading Strategies

Chapter 5: Overview of Fundamental Analysis

Chapter 6: Overview of Technical Analysis

Chapter 7: Advanced Trading Strategies

Chapter 8: How to Choose a Broker and Open an Account

Chapter 9: Open a Practice Account and Begin Trading

Chapter 10: Currency Risk

Chapter 11: How to Become a Successful Investor

Appendix: Internet Tools for Success

Product Details

ISBN-13:
9781430240501
Publisher:
Apress
Publication date:
08/14/2012
Edition description:
2012
Pages:
296
Sales rank:
1,127,204
Product dimensions:
5.90(w) x 9.00(h) x 1.00(d)

Meet the Author

Adam Kritzer is a professional writer and investor, and a former investment banker. He first began analyzing currencies in 2004, as the inaugural writer for the Forex Blog (www.forexblog.org). His intention with the site was to provide an alternative method for analyzing currencies. What began as a basic overview of relevant news stories has since evolved into what may be the web's premier source for fundamental analysis of the foreign exchange market. His work has been cited by Dow Jones, and his articles have been published in media outlets as diverse as the Wuhan Evening Post and Mergers & Acquisitions Journal. A native of Philadelphia, Kritzer holds a BA in Economics and East Asian Studies from the University of Pennsylvania. He is fluent in Mandarin Chinese and currently resides in Yunnan, China, with his wife, Lili, and son, Ethan. When he s not analyzing currencies, he s out hiking or gardening.

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