Currency Trading in the Forex and Futures Markets [Hardcover]

Garner Carley (Author)

Book Description

Publication Date: January 27, 2012

Currency trading offers immense potential to stock and futures investors seeking new speculative opportunities. However, there are several ways to trade in currencies, and many unsuspecting traders have been burned by aggressive marketing campaigns and gimmicks luring them into unfavorable trading environments. In this book, best-selling trading author Carley Garner covers everything you need to know to avoid those pitfalls and start earning big profits. Currency Trading begins by demystifying all the essentials, from quotes and calculations to the unique language of Forex trading. You'll learn about choosing trading platforms and brokerage firms; working with leverage; accounting for transaction costs; considering liquidity and margin issues; managing counterparty and other risks; and much more. Garner thoroughly explains the currency spot market (Forex, a.k.a. FX); currency futures traded on the Chicago Mercantile Exchange (CME) and elsewhere; and currency ETFs. She candidly discusses the advantages and disadvantages of each, cutting through the "smoke and mirrors" often associated with currency trading. You'll also find a full section on currency market speculation, including a clear introduction to fundamental and seasonal analysis in currency markets. With her guidance, you can identify the markets and approaches that best fit your objectives, and avoid the pitfalls that have all-too-often victimized new currency traders.

Editorial Reviews

About the Author

Carley Garner (Las Vegas, NV) is Senior Market Analyst and Broker with DeCarley Trading, and a columnist for Stocks and Commodities. She is author of two FT Press books, Commodity Options and A Trader's First Book on Commodities. Garner writes two widely-distributed e-newsletters, The Stock Index Report and The Bond Bulletin. Her work has been featured in Futures, Active Trader, Option Trader, Your Trading Edge, and Pitnews Magazine, and she has been quoted in media ranging from Reuters to Investor's Business Daily and The Wall Street Journal. She provides free trading education to investors at www.DeCarleyTrading.com.

Product Details

• Hardcover: 264 pages
• Publisher: Pearson P T R; 1 edition (January 27, 2012)
• Language: English
• ISBN-10: 0132779625
• ISBN-13: 978-0132779623
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #11,086,326 in Books (See Top 100 in Books)

More About the Author

Carley Garner

Senior Market Analyst and Broker at www.DeCarleyTrading.com, Stocks & Commodities Magazine Columnist and Industry Educator

Carley Garner is a Magna Cum Laude graduate of the University of Nevada Las Vegas, from which she earned dual bachelor's degrees in both Finance and Accounting.Carley jumped into the options and futures industry with both feet in early 2004 and has become one of the most recognized names in the business.

Throughout her fast paced career, Carley has been featured in the likes of Stocks and Commodities, Futures, Active Trader, Option Trader, Your Trading Edge, and Pitnews Magazine. Carley is often interviewed by news services such as Reuters and Dow Jones Newswire, and has been quoted by the Investor's Business Daily and the Wall Street Journal. She has also been known to participate in Radio interviews.

Carley's book titled "Commodity Options" was published by FT Press, a division of Prentice Hall, and is now available through all major book outlets. She has recently completed her second book, "A Trader's First Book on Commodities". Her e-newsletters The Stock Index Report and the Bond Bulletin are widely distributed and have garnered a loyal following; she is also proactive in providing free trading education.

Visit www.DeCarleyTrading.com or www.CarleyGarnerTrading.com for more details.

Carley is looking forward to your feedback, she can be reached at 1-866-790-TRADE (8723)or [e-mail]!

Customer Reviews

Most Helpful Customer Reviews

6 of 6 people found the following review helpful:

5.0 out of 5 stars Direct and Concise Book on Basics of Currency Trading, January 26, 2012

By 

C. Ang "cliff_ang" (Chicago, IL) - See all my reviews
(VINE VOICE)    (REAL NAME)   

This review is from: Currency Trading in the Forex and Futures Markets (Hardcover)

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This book reads more like a reference text on basic concepts in currency trading. The main advantage of this book is that it is short and direct to the point. Although this book is separated into different chapters, the general style of the author is the same. That is, she goes through different points, explains it, and, in some instances, adds her personal experience and opinions. I found the discussion on the mechanics of trading and FX market microstructure very interesting, as the author tries to compare the mechanisms of the FX market to other types of securities markets. The reason I find it interesting is that in a market you are trying to understand you need to be told the rules of the game you are playing. For the rest of the topics, an understanding of the economics of how things work in other financial markets will get you almost all the way there. In addition, the author candidly explains certain pitfalls/traps that other investors fall into. This provides the reader with some sort of "concept check" to test your understanding of what you have read. There is also a nice glossary of commonly-used jargon in currency trading, some of which are pretty unique to FX markets.