Mark Galant – Currency Trading for Dummies

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Mark Galant – Currency Trading for Dummies
Providing new investors with a comprehensive overview of the nuts-and-bolts of currency trading, this text explains in simple terms the key points of the Forex market.
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