The foreign exchange market, or forex, was once dominated by global banks, hedge funds, and multinational corporations, but that has all changed with Internet technology and the advent of online forex brokers. Now, hundreds of thousands of traders and investors around the world can participate in this profitable field.
Written by forex expert Kathy Lien, The Little Book of Currency Trading will show you how to effectively invest and trade in today's biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details practical products that can help you achieve success, such as currency-based ETFs.
- Explains the forces that drive currencies and provides strategies to profit from them
- Reveals how you can use various currencies to reduce risk and take advantage of global trends
- Examines financial vehicles that can help you make money without having to monitor the market every day
The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering this dynamic arena.
Chapter One When Lightning Strikes 1
Chapter Two Rubles and Bahts and Euros - Oh, My! 19
Chapter Three The A to Zs of Forex 35
Chapter Four Step Right Up 53
Chapter Five Movers and Shakers 63
Chapter Six The Investor versus the Trader 77
Chapter Seven What All Winners Do 89
Chapter Eight So You’re an Investor? 105
Chapter Nine So You’re a Trader? 119
Chapter Ten Risky Business 133
Chapter Eleven The Top 10 Mistakes 145
Chapter Twelve Greetings from Nigeria, Please Help! 157
Chapter Thirteen Getting Down to Business 169
Chapter Fourteen Crash, Burn, and Learn 181
Chapter Fifteen Start Smart 193
Author’s Disclaimer 197