Currency Trading For Dummies®, 2nd Edition

Introduction

The forex market was forever the private domain of hedge funds, global banks, multinational corporations, and wealthy private investors the world over. But this all changed a few years ago when the Internet-based technological revolution of online trading spread over to the forex markets. Today, tens of thousands of individual traders and investors all over the world are discovering the excitement and challenges of trading in the forex market.

No question about it, forex markets 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 importantly, 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.

I’ve spent my career in the forex market as a trader at some of the world’s largest financial institutions. I’ve written Currency Trading For Dummies to pull back the curtain and strip away the mystique of the currency market.

In this book, I show you how the forex market really works, what moves it, and how you can actively trade it. I also provide you with the tools to develop a structured game plan you need to trade in the forex market and not lose your shirt. ...