Getting Started in Currency Trading will act as both an introduction and a reference manual for beginning and intermediate traders. A description of the Forex market and a brief history are followed by a section Forex terms clearly defined with examples. The reader is then taught how to open his own trading account. A step-by-step section then walks the reader through the physical process of placing and liquidating currency orders accompanied by numerous screen captures of what to expect inside a dealers trading platform. Trading strategy and tactics are described in detail along with some fundamental and technical analysis to assist the trader in his decision making process. Forex arithmetic calculations are also handled in a clear step-by-step process. Recommendations, guidelines and caveats appear throughout the book. The book will contain numerous diagrams, tables, lists and screen captures to aid in the readers understanding of this seemingly complex market.
Book Details:
- Author: Michael D. Archer
- ISBN: 9780470324585
- Year Published: 2005
- Pages: 208
- BISAC: BUS028000, BUSINESS & ECONOMICS/Foreign Exchange
About the Book and Topic:
Getting Started in Currency Trading will act as both an introduction and a reference manual for beginning and intermediate traders. A description of the Forex market and a brief history are followed by a section Forex terms clearly defined with examples. The reader is then taught how to open his own trading account. A step-by-step section then walks the reader through the physical process of placing and liquidating currency orders accompanied by numerous screen captures of what to expect inside a dealers trading platform. Trading strategy and tactics are described in detail along with some fundamental and technical analysis to assist the trader in his decision making process. Forex arithmetic calculations are also handled in a clear step-by-step process. Recommendations, guidelines and caveats appear throughout the book. The book will contain numerous diagrams, tables, lists and screen captures to aid in the readers understanding of this seemingly complex market.
The Foreign Exchange market is the largest financial market in the world, with a volume of over $1.5 trillion a day — more than three times the total amount of the stocks and futures markets combined. Up until 1995 Forex Trading was only available to banks and large multinational corporations but today, thanks to the proliferation of the computer and a new era of internet-based communication technologies, this highly profitable market is open to everyone. The Forex Trading Market has seen unprecedented, explosive, growth and continues to be unequaled by any other trading market. Getting Started in Currency Trading will be guide readers through the complexities of Forex trading and put them on the road to success.
FOREX TRADING IS HEATING UP: The market has seen an explosion of interest among individual traders over the last three or four years. LIGHTLY PUBLISHED AREA: The Forex market has traditionally been the playground of the sophisticated institutions. As a result, very few books address the basic needs of an individual looking to get into currency trading. THE NEW DAY TRADING: Day traders are moving to the Forex market in large numbers. EXCELLENT AUTHORS: The authors have a combined 50 years experience in the Forex markets.
About the Author
Michael Archer (Golden, CO) has been an active commodity futures and Forex trader for over thirty years. He has also worked in various advisory capacities, notably as a Commodity Trading Advisor, SEC registered Investment Advisor and as a Commodity Pool Operator. He is currently CEO of CommTools, Inc., a think-tank focusing on cellular automata and complexity theory solutions and trend forecasting. Jim Bickford (Boulder, CO) is a 25-year software engineering veteran, technical analyst, and an active Forex day-trader. Jim is the lead programmer for CommTools, Inc.