FXstreet.Com’s 2013 Best Book Award!
The Sensible Guide to Forex: Safer, Smarter Ways to Surviveand Prosper from the Start is written for the risk averse,mainstream retail investor or trader seeking a more effective wayto tap forex markets to improve returns and hedge currency risk. Asthe most widely held currencies are being devalued, they're takingyour portfolio down with them—unless you're prepared.
For traders, the book focuses on reducing the high risk,complexity, and time demands normally associated with forextrading.
For long-term investors, it concentrates on how to hedgecurrency risk by diversifying portfolios into the strongestcurrencies for lower risk and higher capital gains and income.
The usual forex materials don't provide practical answers formost retail traders or longer term investors. Virtually allforex trading materials focus on time-consuming,high-leverage, high-risk methods at which most traders fail.Materials about long-term investing in foreignassets rarely take into account the prospects of the relatedcurrency. A falling currency can turn an otherwise good investmentinto a bad one.
Throughout the book, the emphasis is on planning and executingonly low risk, high potential yield trades or investments andavoiding serious losses at all costs. Packed with richlyillustrated examples every step of the way and including additionalappendices and references to online resources, the book is theultimate guide to forex for retail traders and investors seeking totap forex markets for better currency diversification andincome.
- Provides traders with safer, smarter, less complex andtime-consuming ways to trade forex with higher odds of success.These include the use of such increasingly popular new instrumentslike forex binary options and social trading accounts that mimicexpert traders.
- Shows investors how to identify the currencies most likely tohold or increase their value, and provides a wealth of ideas abouthow to apply that knowledge to a long-term, low-maintenanceportfolio for both income and capital appreciation.
- Helps anyone seeking an asset class with low correlation toother markets by explaining how the very nature of forex marketsmeans that regardless of market conditions there's always aplayable trend somewhere, regardless of what other asset marketsare doing, and how to find and exploit it for a short-term trade ora long-term investment in a currency pair, stock, bond, or otherasset
The Sensible Guide to Forex is only book that teachesmainstream risk averse investors and traders how to build aportfolio that’s diversified by currency exposure as well asby asset class and sector, via a variety of safer, simpler methodsto suit different needs, risk tolerances, and levels ofexpertise.
Written by Cliff Wachtel, a 30+ year financial market writer,advisor, and analyst, The Sensible Guide toForex offers practical solutions to the above dilemmasfaced by every serious, prudent investor.
A must own for any informed investor-but don’t take outword for it - see advanced reviews at:
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