Forex DeMYSTiFieD: A Self-Teaching Guide
Autor David Bormanen Limba Engleză Paperback – 16 feb 2014
The quick and easy guide to profiting in the WORLD'S LARGEST MARKET!
When you read about forex, does it seem like a foreign language to you? Get going in one of today's hottest markets with this comprehensive, plain-language guide.Forex DeMYSTiFieD illuminates the key conceptsyou need to know and explains how to utilize them in the real world. It teaches you how currency trading and overall investing relate and the role of forex in international business and the corporate world.
This self-teaching guide explains everything in easy-to-understand terms and proven methods. It presents numerous examples and exercises to illustrate the investing techniques that work best. With chapter-ending quizzes, and final exam questions, Forex DeMYSTiFieD is the only book you need to get started in--and start profiting from--one of the world's biggest financial markets.
This self-teaching guide provides everything you need to:
- Understand core currency trading concepts
- Predict currency movements with fundamental and technical analysis
- Develop your own risk/reward tolerance
- Financially and emotionally prepare to trade in the forex market
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Specificații
ISBN-13: 9780071828512
ISBN-10: 0071828516
Pagini: 272
Dimensiuni: 188 x 231 x 15 mm
Greutate: 0.46 kg
Editura: McGraw Hill Education
Colecția McGraw-Hill
Locul publicării:United States
ISBN-10: 0071828516
Pagini: 272
Dimensiuni: 188 x 231 x 15 mm
Greutate: 0.46 kg
Editura: McGraw Hill Education
Colecția McGraw-Hill
Locul publicării:United States
Cuprins
Introduction xiii
Chapter 1 Introduction to Forex 1
How Is Money Made on a Forex Trade? 2
What It Means to Trade Currencies 4
Using Leverage and Gearing While Trading Forex 7
Higher Leverage Amounts than Stock Trading 8
The History of Forex 11
A Quick Background of Economic and Financial Policy 14
Today’s Economic Climate 15
Quiz 18
Chapter 2 Getting Ready to Trade 21
Learning to Deal with the Emotions of Trading 22
The Time Commitment to Forex Trading 23
Risk Tolerance 24
Available Funds 25
Can You Work Alone? 26
Like-Minded Traders and Other Support Groups 28
Backup Plan 31
Listening to the Market 32
The Emotional Market 36
Economic News Days 39
Quiz 41
Chapter 3 How to Navigate the Online World of Forex Trading 43
Short- and Long-Term Perspectives 44
Trading Software 45
Building a Position by Pyramiding 52
Quiz 54
Chapter 4 Currency Trading and Overall Investing: Will FX Fit MyInvesting Goals? 57
Meeting Your Objectives with Different Trading Styles 58
The Right FX Account for Your Style 59
The Elements of FX Risk 59
Forex Trading and Your Overall Portfolio of Assets 62
FX Trading: Profit or Income 65
High-Risk/High-Return Forex Trading 76
Aggressive Forex Trading 80
Developing Countries/Exotic Currencies 83
Building Up Forex Trading Confidence 88
Quiz 92
Chapter 5 More Tips on Forex Trading 95
Diversification Is Critical 96
Dismantling a Profitable Trade 98
Keeping the Profits Rolling 100
Buying into Long-Term Trends 103
Playing the Interest Rate Differentials 104
When the Market Corrects 106
Automated Forex Trading Systems 107
Quiz 111
Chapter 6 Using Research for Better Forex Trading 113
Fundamental Research 101 114
Interest Rates and Forex Trading 118
Technical Analysis 123
The Basics of Technical Indicators 124
Timing Trades with Moving Averages 134
Support/Resistance Indicators 137
Quiz 141
Chapter 7 How to Make Trading Ideas Work 143
Enhance Your Existing Income with FX 144
Conservative Investing and T-Bills 145
Taking the Demo Account Out for a FX Test Drive 148
Living the FX Trading Lifestyle 149
Paying the IRS 152
Working Solution for Your Currency Trading Program 152
Forex and Financial Independence 159
Quiz 162
Chapter 8 How to Look for Good Forex Setups 165
Diverse News Determines Different FX Pairs 166
A Scenario for Evolving News 167
The Market Always Reacts 169
Use a Trading Calendar 171
Trade with the News 173
FX and the Herd Instinct 183
Putting Everything Together and In Order 186
Quiz 196
Chapter 9 Forex in the Corporate Environment 199
Using Forex Futures 200
Foreign Exchange Risk Hedges Made with Options 205
Quiz 208
Final Exam 211
Answers to Quizzes and Final Exam 227
Glossary 229
Index 235
Chapter 1 Introduction to Forex 1
How Is Money Made on a Forex Trade? 2
What It Means to Trade Currencies 4
Using Leverage and Gearing While Trading Forex 7
Higher Leverage Amounts than Stock Trading 8
The History of Forex 11
A Quick Background of Economic and Financial Policy 14
Today’s Economic Climate 15
Quiz 18
Chapter 2 Getting Ready to Trade 21
Learning to Deal with the Emotions of Trading 22
The Time Commitment to Forex Trading 23
Risk Tolerance 24
Available Funds 25
Can You Work Alone? 26
Like-Minded Traders and Other Support Groups 28
Backup Plan 31
Listening to the Market 32
The Emotional Market 36
Economic News Days 39
Quiz 41
Chapter 3 How to Navigate the Online World of Forex Trading 43
Short- and Long-Term Perspectives 44
Trading Software 45
Building a Position by Pyramiding 52
Quiz 54
Chapter 4 Currency Trading and Overall Investing: Will FX Fit MyInvesting Goals? 57
Meeting Your Objectives with Different Trading Styles 58
The Right FX Account for Your Style 59
The Elements of FX Risk 59
Forex Trading and Your Overall Portfolio of Assets 62
FX Trading: Profit or Income 65
High-Risk/High-Return Forex Trading 76
Aggressive Forex Trading 80
Developing Countries/Exotic Currencies 83
Building Up Forex Trading Confidence 88
Quiz 92
Chapter 5 More Tips on Forex Trading 95
Diversification Is Critical 96
Dismantling a Profitable Trade 98
Keeping the Profits Rolling 100
Buying into Long-Term Trends 103
Playing the Interest Rate Differentials 104
When the Market Corrects 106
Automated Forex Trading Systems 107
Quiz 111
Chapter 6 Using Research for Better Forex Trading 113
Fundamental Research 101 114
Interest Rates and Forex Trading 118
Technical Analysis 123
The Basics of Technical Indicators 124
Timing Trades with Moving Averages 134
Support/Resistance Indicators 137
Quiz 141
Chapter 7 How to Make Trading Ideas Work 143
Enhance Your Existing Income with FX 144
Conservative Investing and T-Bills 145
Taking the Demo Account Out for a FX Test Drive 148
Living the FX Trading Lifestyle 149
Paying the IRS 152
Working Solution for Your Currency Trading Program 152
Forex and Financial Independence 159
Quiz 162
Chapter 8 How to Look for Good Forex Setups 165
Diverse News Determines Different FX Pairs 166
A Scenario for Evolving News 167
The Market Always Reacts 169
Use a Trading Calendar 171
Trade with the News 173
FX and the Herd Instinct 183
Putting Everything Together and In Order 186
Quiz 196
Chapter 9 Forex in the Corporate Environment 199
Using Forex Futures 200
Foreign Exchange Risk Hedges Made with Options 205
Quiz 208
Final Exam 211
Answers to Quizzes and Final Exam 227
Glossary 229
Index 235