Getting Started in Currency Trading

Tue, Apr 22 2008, 07:42 GMT
by FXstreet.com Team

FXstreet.com


About the Author

Michael Duane Archer has been involved in the markets (stocks, futures, FOREX) as a trader, branch manager, registered money manager, writer and researcher since 1973. He has authored six FOREX books for John Wiley & Sons – Getting Started in Currency Trading (2005), The Forex Chartist Companion (2006), Trading the Major Pairs (2007), Getting Started in Forex Trading Strategies (2007) have been published. A second edition of Getting Started in Currency Trading will be released in June 2008 and Fifteen Trades and Their Stories in December 2008.

Book Sinopsis

While the Foreign Exchange (FOREX) market can be a very profitable place, you must have a firm understanding of how to operate within this environment if you intend on achieving any success. That’s why you need Getting Started in Currency Trading, Second Edition. This reliable resource—written for both newcomers and those with some FOREX experience—puts trading world currencies in perspective, and shows you exactly what it takes to make it in this field.

Filled with in-depth insights and practical advice, Getting Started in Currency Trading, Second Edition opens with a detailed description of the FOREX market and contains a section of FOREX terms that are clearly defined with examples. It quickly moves on to address some of the most essential elements of currency trading, including:

  • · The rapidly expanding and evolving online trading marketplace for spot currencies, generally referred to as retail FOREX
  • · The process of initiating and liquidating a live market order
  • · The advantages and disadvantages of fundamental and technical analysis
  • · The wealth of FOREX products and services now available from third-party vendors
  • · The psychology of trading and the stresses that may accompany this endeavor
  • · Advanced strategies such as rollovers, hedging, and arbitrage

Divided into six comprehensive parts, Getting Started in Currency Trading, Second Edition explores this arena in both a straightforward and accessible manner, and will allow you to trade today’s FOREX market with confidence and consistency.

Book specifications

  • · Hardcover: 274 pages
  • · Publisher: John Wiley & Sons
  • · Language: English
  • · Aprox price: $19.95 (US)

Click the image to see the book cover
Getting Started in Currency Trading book cover

Published on  Tue, Apr 22 2008, 08:28 GMT

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Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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