Michael D. Archer - Getting Started in Currency Trading: Winning in Today's Forex Market
Wiley | ISBN: 0470602120 | 2010-04-26 | PDF | 354 pages | 4.89 Mb
Getting Started in Currency Trading is both an introduction and reference tool for beginning and intermediate foreign exchange (Forex) traders. This information-packed resource opens with a description of the Forex market and a section of clearly defined Forex terms with examples. You'll learn how to open your own trading account by following step-by-step instructions and numerous screen shots that show you what expect inside a dealer's trading platform. You'll walk through the physical process of placing and liquidating currency orders. Later chapters introduce various trading strategies and tactics in detail, along with some fundamental and technical analysis that will help you win in the exploding foreign exchange trading market.
Started in Currency Trading moves on to discuss:
-The mechanics of FOREX trading—order types as well as order execution and confirmation
-How fundamental and technical analysis can help you create successful trading strategies
-How to find a reliable FOREX broker or open an online trading account
-The psychology of trading the FOREX market
-Advance trading topics, such as rollovers, hedging, and arbitrage
Filled with in-depth insight, practical advice, and numerous screen shots that illustrate what to expect inside a dealer's trading platform, Getting Started in Currency Trading will guide you through the complexities of FOREX trading and put you on the road to success.
Michael duane Archer has been an active commodity futures and FOREX trader for over thirty years. Mike has also worked in various registered advisory capacities, notably as a CTA (Commodity Trading Advisor) and as an Investment Advisor. He is currently CEO of CommTools, Inc., a corporation focusing on nonlinear solutions to trend forecasting, with a special emphasis on cellular automata models.