Currency Trading For Dummies
by Mark Galant, Brian Dolan
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Book Summary Information
Author: Brian Dolan, Mark GalantEdition: Paperback
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2007-08-06
ISBN: 0470127635
Number of pages: 338
Publisher: For Dummies
Book Reviews of Currency Trading For Dummies
Book Review: A great buy for the money
Summary: 5 Stars
There are dozens of books on currency trading, most of them in the $30-60 range, some even higher than that. This is BY FAR the best buy for the money I've seen. I really think its not only as good, but better than many of the other rip off titles I've come across.
The authors know their subject very well, and they put it across in the lucid, easy to reference format that I love about the "For Dummies" books. Unlike some other books, it is jam packed with helpful information and is as comprehensive as it can be in the given format. It will give you excellent points of departure to continually develop.
Be forewarned however, this may not be the best first timer book for people who don't know what retail trading is all about. If you've never traded before or dealt with investing in a serious way, I recommend Ann C Louge's "Daytrading for Dummies" first, or some other basic 101 trading book. A book like that will help you get an idea of basic trading concepts, what you're getting yourself involved in on a psychological level, and will familiarize you with the workflow and organization. That will help you get more out of this book, even though this book tries hard to cover things from a 101 perspective.
Galant and Dolan get to the chase on Forex pretty fast, which is great if you're actually ready to get down to business. If you came to this book thinking Forex is easy money, it will show you just how much work IS involved, and won't you be happy you spent $15 to find out instead of wasting much more on one of those stupid "How I made $1M in Forex" books or even worse, an expensive seminar.
Summary of Currency Trading For Dummies
Features forex market guidelines and sample trading plansThe fun and easy way to get started in currency trading
Want to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis.
- Identify trading opportunities
- Understand what drives the market
- Choose a trading broker
- Execute a successful trade
- Minimize risk and maximize profit
- Analyze currency charts
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