Currency trading for dummies - Brian Dolan

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 handson, 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 worlds a stage
  get an easytofollow 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 knowhow 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 its 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 its 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