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* 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

About the Author

Brian Dolan has worked for more than 20 years in the forex market as a currency trader and analyst. As the Chief Currency Strategist at FOREX.com, Brian oversees fundamental and technical analysis and is a frequent resource for the financial media on currency developments.

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: Driving Forces behind Currencies. Chapter 5: Looking at the Big Picture. Chapter 6: Understanding and Applying Market News and Information. Chapter 7: Getting Down and Dirty with Fundamental Data. Chapter 8: Getting to Know the Major Currency Pairs. Chapter 9: Minor Currency Pairs and Cross-Currency Trading. Part III: Developing a Trading Plan. Chapter 10: Training and Preparing for Battle. Chapter 11: Cutting the Fog with Technical Analysis. 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 the Position and Evaluating Your 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.