Currency Trading For Dummies

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