FXstreet.com

3

1

The Complete Idiot's Guide to Foreign Currency Trading

Tue, Apr 3 2007, 10:11 GMT
by FXstreet.com Team

FXstreet.com


About the Authors

Gary L. Tilkin photographAs a veteran of the financial futures and commodities markets and a professionally licensed trader, Gary L. Tilkin envisioned a better solution for his clients who were trading exchange–traded currencies. The current alternatives lacked in market accessibility and customer service, so in 1997, Tilkin set out to create a solution at his own risk. The result was the creation of Global Forex Trading, Division of Global Futures & Forex, Ltd., one of the first firms in the United States to offer online forex trading.

Tilkin invested his personal capital and resources in the venture, believing that it if he created a better way to trade the markets, traders would soon follow. In the beginning, the small sales force was based out of Tilkin’s home in a small Midwest city. A true speculator, Tilkin’s investment paid off, and his vision was realized: Today, the privately–held company serves customers in 120 countries from offices in New York City, Chicago, Tokyo and Sydney, Australia. Tilkin led GFT to its current position as a world–class online currency trading firm that serves its customers by focusing on three principles: technology, service and integrity. [ View Full Gary L. Tilkin Bio]


Lita Epstein photographLita Epstein excels at translating complex financial and political topics critical to people’s everyday life. Building on her personal experience as a press secretary for a U.S. Congressman and her analytical skills developed as she completed her MBA from Emory University’s Goizueta Business School, Lita helps people explore difficult financial and political issues.

As a co-author of the Complete Idiot’s Guide to the Federal Reserve, she translated the daunting world of the Federal Reserve and Fedspeak. As author of the Complete Idiot’s Guide to Social Security she created what reviewers call, “the be-all, end-all book when it comes to everything you ever wanted to know about Social Security and weren't afraid to ask.” She simplifies the sometimes overwhelming topic of tax breaks and deductions in the Complete Idiot’s Guide to Tax Breaks and Deductions. Reviewers wrote about her book Complete Idiot’s Guide to the Politics of Oil, “This book cuts to the chase and clearly spells out the bottom line on U.S. foreign policy. You can't spell ‘FOREIGN POLICY’ without the letters ‘O’ ‘I’ & ‘L’. The ‘Terrorism and Oil’ chapter should be required reading in our schools." [ View Full Lita Epstein Bio]

Book Synopsis

As the world’s largest financial market, where profits are sought on the differences between global currency exchange rates, many traders have discovered the benefits of trading in the foreign currency (forex) market. For those who have heard about the benefits, but are clueless as to where to begin, there is now a solution: The Complete Idiot’s Guide to Foreign Currency Trading.

While other “introductory” forex trading books can overwhelm novice traders, this easy-to-follow guide starts at the beginning and provides basic information, including definitions of market terminology and how to place your first order.

More about The Complete Idiot's Guide to Foreign Currency Trading

In this concise handbook, Tilkin and financial journalist Lita Epstein pool their knowledge to shed some light on the forex market and provide information for those who want to know how to begin.

Topics covered include:

  • History of forex
  • Market terminology
  • How to place an order
  • Creating a trading plan
  • Understanding risk
  • Avoiding fraud
  • Regulation and oversight
  • Global currency facts
  • Trading platform features
  • Technical and fundamental analysis

Click on the image to continue reading
The Essentials of Trading book cover

FXstreet.com  | Portaferrissa 7, 1r 2a, Barcelona 08002, Catalonia - Spain
http://www.fxstreet.com | forex@fxstreet.com


Related reports

Being Honest With Yourself by The Trader's Journal
Mon, Nov 23 2009, 15:43 GMT

Trading Broadening Top/Bottom Patterns by The Trader's Journal
Mon, Nov 23 2009, 15:28 GMT

Currency Corner by YourTradingEdge
Wed, Nov 18 2009, 16:23 GMT

Video Interview with Ashraf Laidi: What is essential to know when you are choosing a broker? by FXstreet.com
Tue, Nov 17 2009, 17:48 GMT

Lessons from the Pros - The Broad Market - Have We Seen the Bottom of the Commercial Real Estate Market? by Online Trading Academy
Tue, Nov 17 2009, 13:26 GMT

book, education, basics

View All

Related content


Interested in forex trading? forex brokerage firms!


FOREX.com
Contact the broker/FDM
Open a demo account
FX Solutions LLC
Contact the broker/FDM
Open a demo account
CitiFX Pro
Contact the broker/FDM
Open a demo account
Forex Club Financial Company
Contact the broker/FDM
Open a demo account
City Credit Capital (UK) Limited
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

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 trade 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.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.