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Synopsis

Your plain-English guide to currency trading

Forex markets can be one of the fastest and most volatilefinancial markets to trade. Money can be lost or made in a matterof seconds, and forex markets are always moving. So how do you keepup? This hands-on, friendly guide shows you how the forex marketreally 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-followintroduction to the global forex market and understand its size,scope, and players

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

  • Prepare for battle — discover different types of tradingstyles and make a concrete strategy and game plan before you act onanything

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

  • 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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