Currency Trading For Dummies. Kathleen Brooks
Читать онлайн книгу.298
291 299
292 300
293 301
294 302
295 303
296 304
297 305
298 306
299 307
300 308
301 309
302 310
303 311
304 312
305 313
306 314
307 315
308 316
309 317
310 318
311 319
312 320
313 321
314 322
315 323
316 324
317 325
318 326
319 327
320 328
321 329
322 331
323 332
324 333
325 334
326 335
327 337
328 338
329 339
330 340
331 341
332 343
333 344
334 345
335 346
336 347
337 348
338 349
339 350
340 351
341 352
342 353
343 354
344 355
345 356
346 357
347 358
348 359
349 360
350 361
351 362
352 363
353 364
354 365
355 366
356 367
357 368
358 369
359 370
360 371
361 372
362 373
363 374
364 375
365 376
366 377
367 379
368 380
369 381
370 382
371 383
372 384
373 385
374 386
375 387
376 388
377 389
378 390
379 391
380 392
381 393
382 394
383 395
384 396
385 397
386 398
387 399
Introduction
Today, millions of individual traders and investors all over the world are discovering the excitement and challenges of trading in the forex (short for “foreign exchange”) market. You don’t even have to be at your desk to trade — these days, you can trade on the go using a smartphone or other handheld device.
No question about it, the forex market can be one of the fastest and most volatile financial markets to trade. Money can be made or lost in a matter of seconds or minutes. At the same time, currencies can display significant trends lasting several days to weeks and even years. Most important, forex markets are always moving, providing an accessible and target-rich trading environment.
In contrast to stock markets, which are more familiar and relatively intuitive to most investors, the forex market somehow remains more elusive and seemingly complicated to newcomers.
In this book, we show you how the forex market really works, what moves it, and how you can actively trade it. We also provide you with the tools you need to develop a structured game plan for trading in the forex market without losing your shirt.
About This Book
If you’re an active trader looking for alternatives to trading stocks or commodity futures, the forex market is hard to beat due to its sheer size (more than $6 trillion turnover per day at last count) and the depth of the market.
But as an individual trader, gaining access to the forex market is only the beginning. Just because you’ve got the keys to a Formula One race car doesn’t mean you’re ready to compete in a Grand Prix. First, you have to understand how the car works. Then you have to figure out some of the tactics and strategies the pros use. And then you have to get behind the wheel and practice, developing your skills, instincts, and tactics as you go.
To succeed in the forex market, you have to do the same. This book gives you the no-nonsense information you need, with the perspective, experience, and insight of forex market veterans. In this book, we cover the following:
Getting a handle on the forces that drive currency movements
Understanding forex market trading conventions and strategies
Interpreting economic data and official statements
Finding sources of data and market intelligence
Gauging market psychology, sentiment, and positioning
Identifying key traits of individual currency pairs
Utilizing