Forex Books – Currency Trading for Dummies

Currency Trading for Dummies

Description

Features forex market guidelines and sample trading plans

The fun and easy way to get started in currency trading

Do you enjoy growing on the forex market? This is nuts-and-bolts guide gives you step-by-step action plan for understanding and trading the forex market. It provides practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis.

* Identify trading opportunities
* Understand what drives the market
* Choose a trading broker
* Execute a successful trade
* Minimize risks and maximize profit
* Analyze currency charts

Details

* ISBN13: 9780470127636
Status: New
* Notes: Brand New from Publisher! BUY sold with confidence, over a million books! 98% positive feedback. Compare our books, prices and service to competition. 100% Satisfaction Guarantee

Reviews

Overall, I thought, this book gives a good overview of how and when is the interbank FX market operates, a basic overview of the technical analysis and some useful tips on practical matters of trading like how to choose a broker / platform and what to consider when hiring a trade. After the forex market traded for over 2 years and reading several books on certain foreign exchange trading, I think this book is the best book currently available to newcomers aligned.

However, I felt this book could have been better in some areas: It will guide you through consideration of a trading plan to create, but not a detailed example of one (preferably the authors). This book actually goes up by a trade (shorting the USD / JPY) and details of things to consider, but it was apparently selected randomly tested (based on a double doji) and not from some back trading method. Not even in the book are tools to effectively back test strategies and what to look for a sample trading journal.

But as I said before, this book is much better than most other books on currency trading related retail book stores / sites – books that are filled with marketing fluff and little practical guidelines to actual trading. Currency Trading for Dummies actually has a lot of substance and value to the novice trader.