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Currency Trading For Dummies
     

Currency Trading For Dummies

4.0 2
by Brian Dolan, Mark Galant
 

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Your plain-English guide to currency trading

Forex markets can be one of the fastest and most volatile financial markets to trade. Money can be lost or made in a matter of seconds, and forex markets are always moving. So how do you keep up? This hands-on, friendly guide shows you how the forex market really works, what moves it, and how you can actively

Overview

Your plain-English guide to currency trading

Forex markets can be one of the fastest and most volatile financial markets to trade. Money can be lost or made in a matter of seconds, and forex markets are always moving. So how do you keep up? This hands-on, friendly guide shows you how the forex market really works, what moves it, and how you can actively trade in it — without losing your head!

  • All the world's a stage — get an easy-to-follow introduction to the global forex market and understand its size, scope, and players

  • Show me the money — take a look at the major fundamental and economic drivers that influence currency values and get the know-how to interpret data and events like a pro

  • Prepare for battle — discover different types of trading styles and make a concrete strategy and game plan before you act on anything

  • Pull the trigger — establish a position in the market, manage the trade while it's open, and close out on the most advantageous terms

Open the book and find:

  • Currency trading conventions and tools

  • Key characteristics of successful traders

  • Trading pitfalls to avoid and risk management rules to live by

  • How major currencies typically trade

  • Why it's important to be organized and prepared

  • The 411 on buying and selling simultaneously

  • Tips for understanding rollovers and interest rates

Learn to:

  • Grasp currency quotes

  • Capitalize on the foreign exchange market

  • Manage risk and reward

  • Use the forces that drive currency movements

  • Identify key traits of individual currency pairs

Product Details

ISBN-13:
9781118018514
Publisher:
Wiley
Publication date:
07/12/2011
Series:
For Dummies Series
Pages:
360
Product dimensions:
7.40(w) x 9.10(h) x 0.80(d)

Related Subjects

Meet the Author

Brian Dolan has worked for more than 20 years in the forex market as a currency trader and analyst. As the Chief Currency Strategist at FOREX.com, Brian oversees fundamental and technical analysis and is a frequent resource for the financial media on currency developments.

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Currency Trading for Dummies 4 out of 5 based on 0 ratings. 2 reviews.
Anonymous More than 1 year ago
This is a very comprehensive and thorough book on a very complex and nuanced subject. I wasn't sure if I wanted to "get in the game," but if you have any money, your're already in a currency, and if you want to protect yourself, this book is an excellent place to start.
Anonymous More than 1 year ago
Pretty clear and informative,it's left me a clear perspective.