Currency Trading for Dummies (Electronic book text, 2nd)

Your plain-English guide to currency trading

Forex markets can be one of the fastest and most volatile financial markets to trade. Money can be lost or made in a matter of seconds, and forex markets are always moving. So how do you keep up? This hands-on, friendly guide shows you how the forex market really works, what moves it, and how you can actively trade in it -- without losing your head

All the world's a stage -- get an easy-to-follow introduction to the global forex market and understand its size, scope, and players

Show me the money -- take a look at the major fundamental and economic drivers that influence currency values and get the know-how to interpret data and events like a pro

Prepare for battle -- discover different types of trading styles and make a concrete strategy and game plan before you act on anything

Pull the trigger -- establish a position in the market, manage the trade while it's open, and close out on the most advantageous terms

Open the book and find:

Currency trading conventions and tools

Key characteristics of successful traders

Trading pitfalls to avoid and risk management rules to live by

How major currencies typically trade

Why it's important to be organized and prepared

The 411 on buying and selling simultaneously

Tips for understanding rollovers and interest rates

Learn to:

Grasp currency quotes

Capitalize on the foreign exchange market

Manage risk and reward

Use the forces that drive currency movements

Identify key traits of individual currency pairs