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Currency Trading For Dummies, 2nd Edition (1118018516) cover image

Currency Trading For Dummies, 2nd Edition

ISBN: 978-1-118-01851-4
Paperback
360 pages
July 2011
US $24.99 Add to Cart
Other Available Formats: E-book
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

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