Currency Trading For Dummies
Currency Trading For Dummies
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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