Features forex market guidelines and sample trading plans. The fun and easy way to get started in currency trading. Want to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis. It helps the reader to: identify trading opportunities; understand what drives the market; choose a trading broker; execute a successful trade; minimize risk and maximize profit; and analyze currency charts.
Table of Contents
Introduction.Part I: Trading the World's Largest Financial Market.Chapter 1: Currency Trading 101.Chapter 2: What Is the Forex Market?Chapter 3: Who Trades Currencies? Meet the Players.Chapter 4: The Mechanics of Currency Trading.Part II: Moving Currencies: Driving Forces Behind Forex Rates.Chapter 5: Getting to Know the Major Currency Pairs.Chapter 6: Minor Currency Pairs and Cross-Currency Trading.Chapter 7: Looking at the Big Picture.Chapter 8: Understanding and Applying Market News, Data, and Information.Chapter 9: Getting Down and Dirty with Fundamental Data.Chapter 10: Cutting the Fog with Technical Analysis.Part III: Developing a Trading Plan.Chapter 11: Training and Preparing for Battle.Chapter 12: Identifying Trade Opportunities.Chapter 13: Risk-Management Considerations.Part IV: Executing a Plan.Chapter 14: Pulling the Trigger.Chapter 15: Managing the Trade.Chapter 16: Closing Your Position and Evaluating Your Trading Results.Part V: The Part of Tens.Chapter 17: Ten Habits of Successful Currency Traders.Chapter 18: Ten Beginner Trading Mistakes.Chapter 19: Ten Rules of Risk Management.Chapter 20: Ten Great Resources.Index.
Reviews
"It offers practical guidance and savvy tips.." (Hedge Fund Manager, Thursday 23rd August) "...gives readers a step by step guide (to) getting acquainted with the forex market and to making those killer transactions." (Professional Pensions, Thursday 30th August 2007)
About the Author
Mark Galant founded GAIN Capital in 1999; today, the firm's proprietary trading platform is used by clients from 140 countries around the globe. Brian Dolan has over 18 years of experience in the foreign exchange markets and oversees fundamental and technical research at FOREX.com.
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Reviews
– Customer review on 04/11/2009
It is a little dry for my tastes. I work in the financial sector and have personally done well in other types of trading, but this book failed to interest me in the world of currency trading. It gives a good coverage of the issues, but seems to take ages to get to any sort of point. Handy as a reference book but not the kick-start I needed to give currency trading a try.
I bought this book because I have become involved with importing goods from China recently which requires payment in US dollars, and I wanted to gain a better understanding of what drives the currency exchange rate.
The book covers a lot of information and goes into a lot of detail on currency trading.There is quite a bit of information on the $US/$NZ currency pair which is what I am interested in. The book is a good introduction for the beginner to currency trading, with the main thrust of the book geared towards opening and operating an online trading account. After reading the book,I am not sure if I would want to go down the path of a currency speculator as it requires a lot of time and energy to keep up with all the market developments in two or more countries, not to mention all the technical analysis required to make a successful trade.
Never the less, this book is a good reference to refer to if you want to start trading at some stage.
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