Currency Trading For Dummies - Softcover

Inhaltsangabe

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

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