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Getting Started in Currency Trading: Winning in Today's Forex Market Paperback – April 26, 2010
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From the Back Cover
The Foreign Exchange market (Forex) is now more than a $4 trillion-a-day financial market. Its tremendous growth and ease of accessibility have attracted the interest of many traders. But in order to excel in this arena, you have to have a firm understanding of how to operate within it.
That's why Michael Duane Archer has returned with the Third Edition of Getting Started in Currency Trading. This reliable resourcewritten for both newcomers and those with some Forex experienceputs the world of Forex at your fingertips and shows how to tap into this market's incredible potential. Divided into six comprehensive parts, it:
Guides you through the process of opening your own account as well as the actual placing and managing of currency orders
Discusses specific trading strategies and tactics, and addresses the advantages and disadvantages of fundamental and technical analysis
Includes a new chapter on Forex trading platforms
Reduces often-confusing Forex calculations to handy computer-side tables
Details the psychology of trading and how to successfully manage the stresses that may accompany this endeavor
Features a companion Web site providing updates on brokers and Forex services
On the heels of the recent market crash, this fully revised Third Edition is filled with practical advice that takes into account all of the recent changes in the currency market and shows you how to profit from them.
About the Author
Michael Duane Archer has been an active commodity futures and Forex trader for over thirty years. He has worked in various advisory capacities, notably as a commodity trading advisor and an SEC-registered investment advisor. Archer hosts the Forex Web site, www.goodmanworks.com. He is also the author of the first two editions of Getting Started in Currency Trading, as well as Getting Started in Forex Trading Strategies, and coauthor of The Forex Chartist Companion, Charting the Major Forex Pairs, and Forex Essentials in 15 Trades, all published by Wiley.
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This book is divided into 6 parts as follows :
1. The foreign exchange markets - forex landscape, a brief history and two ways to trade forex
2. Getting started - regulations, forex lexicon, trading tables, a guide to forex brokers, opening a forex account and making the trade
3. The tools of the trade - fundamental analysis, technical analysis, a trader's tool box, the forex market place and retail forex platforms
4. The complete forex trader - the plan, money management, psychology of trading and improving your trading skill
5. Extra for experts - options and exotics, computers and forex
It is nice to be able to download forms and tables in this book from its companion website. In term of delivery the author has managed to describe complex forex aspects into plain English.
May the pips be with you!