Screen LibraryThe sensible guide to Forex : safer, smarter ways to survive and prosper from the start /
"The traders' guide to making the most of one the hottest areas in finance: Forex tradingStart Trading Forex Right Now is the accessible introduction to one of today's most convenient way to make money written by a trader for traders. Forex offers some of the best reward/risk opportun...
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| Main Authors: | |
|---|---|
| Corporate Authors: | |
| Published: |
Wiley,
|
| Publisher Address: | Hoboken, New Jersey : |
| Publication Dates: | 2012. |
| Literature type: | eBook |
| Language: | English |
| Series: |
Wiley Trading
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| Subjects: | |
| Online Access: |
http://onlinelibrary.wiley.com/book/10.1002/9781119204831 |
| Summary: |
"The traders' guide to making the most of one the hottest areas in finance: Forex tradingStart Trading Forex Right Now is the accessible introduction to one of today's most convenient way to make money written by a trader for traders. Forex offers some of the best reward/risk opportunities of any financial markets, and this book is designed to fit the way traders actually think and execute. Walking the reader through selecting a trading plan based on evidence that supports the plan (complete with benchmarks for selecting evidence), the book also provides simple technical analysis tools, alon |
| Item Description: | Includes index. |
| Carrier Form: | 1 online resource. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: |
9781119204831 1119204836 |
| Index Number: | HG3851 |
| CLC: | F830.73 |
| Contents: |
The Sensible Guide to Forex; Contents; Read This First; Currency Risk: Every Investor's Dilemma; Currency Risk and How to Fight It; The Solution; Some Background; Why Any Trader or Investor Needs This Book; What This Book Offers; Why Listen to You, Cliff?; Visit thesensibleguidetoforex.com for Additional Online Content; Acknowledgments; CHAPTER 1 Three Must-Know Forex Facts; Fact 1: Everyone Needs Forex Diversification Even if You Don't Trade Actively; You're Exposed: Cover Your Assets; Even Long-Term Buy-and-Hold Investors Need Forex Diversification. Fact 2: Potential for Better Risk-Adjusted ReturnsForex Markets Often Provide Advanced Warnings of Changes in Other Markets; Forex Needn't Be Any Riskier Than Other Markets; No Uptick Rule: Just as Easy to Profit in a Falling Market as in a Rising One; Low Correlation to Other Financial Markets; The Most Flexible Hours; Forex Markets Offer the Best Liquidity; No Centralized Exchange with Specialists Holding Monopoly Power to Regulate Prices; Less Slippage; The Best Risk/Reward Potential; The Lowest Startup and Trading Costs; Fact 3: You Can Do This. How Can I Compete against the Pros and Big Institutions?How David Beats Goliath: More on What This Book Will and Won't Do; What's the Catch?; Most Traders Fail within Their First Two Years; CHAPTER 2 Forex Basics; Basics of Currencies and Currency Pairs; Trade Only the Most Liquid Currencies; The Major Currencies; Risk versus Safe Haven Currencies: Definition and Ranking; Currencies Trade in Pairs and Why That Matters; Price Movements Are Always Relative to Another Currency; It's Just as Easy to Profit in Bear Markets as in Bull Markets; How to Read a Forex Pair Price Quote. How Margin, Lot Size, and Leverage InteractThe Importance of Adequate Capital; Margin Calls: Your account's Circuit Breaker; Order Types; Exit Orders: Ways to Close a Position; The Three Facets of Risk and Risk Control; Example; The Core Four: The Most Important Skills for Success; Trader Psychology; Risk and Money Management (RAMM); Technical and Fundamental Analysis; CHAPTER 3 Technical Analysis (TA) Basics; Candle Chart Basics; Candle Anatomy and Meaning; Relationship between Body, Wick, and Its Significance; Support and Resistance (S/R) Basics; Candle Chart Time Frames: Length Matters. |