Currency Trading For Dummies

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!

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  All the world's a stage — get an easy-to-follow introduction to the global forex market and understand its size, scope, and players
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  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
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  Prepare for battle — discover different types of trading styles and make a concrete strategy and game plan before you act on anything
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  Pull the trigger — establish a position in the market, manage the trade while it's open, and close out on the most advantageous terms

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  Currency trading conventions and tools
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  Key characteristics of successful traders
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  Trading pitfalls to avoid and risk management rules to live by
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  How major currencies typically trade
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  Why it's important to be organized and prepared
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  The 411 on buying and selling simultaneously
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  Tips for understanding rollovers and interest rates

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  Grasp currency quotes
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  Capitalize on the foreign exchange market
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  Manage risk and reward
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  Use the forces that drive currency movements
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  Identify key traits of individual currency pairs