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This is 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; and, 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; and, identify key traits of individual currency pairs.| By: | Mark Galant (Author), Brian Dolan (Author) |
| Pages: | 362 |
| Publisher: | John Wiley & Sons |
| Format: | Paperback |
| Isbn: | 1-118-01851-6 |
| Isbn13: | 978-1-118-01851-4 |
