Currency Trading for Dummies

Your plain-English guide to currency tradingForex 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 [...]
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Your plain-English guide to currency tradingForex 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 playersShow 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 proPrepare for battle -- discover different types of trading styles and make a concrete strategy and game plan before you act on anythingPull the trigger -- establish a position in the market, manage the trade while it's open, and close out on the most advantageous termsOpen the book and find: Currency trading conventions and toolsKey characteristics of successful tradersTrading pitfalls to avoid and risk management rules to live byHow major currencies typically tradeWhy it's important to be organized and preparedThe 411 on buying and selling simultaneouslyTips for understanding rollovers and interest ratesLearn to: Grasp currency quotesCapitalize on the foreign exchange marketManage risk and rewardUse the forces that drive currency movementsIdentify key traits of individual currency pairs