Product Description

While the Foreign Exchange (FOREX) market can be a very profitable place, you must have a firm understanding of how to operate within this environment if you intend on achieving any success. That's why you need Getting Started in Currency Trading, Second Edition. This reliable resource-written for both newcomers and those with some FOREX experience-puts trading world currencies in perspective, and shows you exactly what it takes to make it in this field. Topics include:

• The rapidly expanding and evolving online trading marketplace for spot currencies, generally referred to as retail FOREX
• The process of initiating and liquidating a live market order
• The advantages and disadvantages of fundamental and technical analysis
• The wealth of FOREX products and services now available from third-party vendors
• The psychology of trading and the stresses that may accompany this endeavor
• Advanced strategies such as options, exotics, and arbitrage

Product Details

• Amazon Sales Rank: #46688 in Books
• Published on: 2008-06-30
• Original language: English
• Number of items: 1
• Binding: Paperback
• 304 pages

From the Back Cover
AN UP-TO-DATE INTRODUCTION TO ONE OF TODAY'S HOTTEST AREAS OF TRADING

GETTING STARTED IN CURRENCY TRADING

SECOND EDITION

"As a novice trader of currencies, Mr. Archer's book has been an invaluable resource for me, as my dog-eared and dilapidated copy can surely attest. Concise yet comprehensive, he provides the framework for developing a trading strategy that new traders can easily follow and veterans can surely benefit from. For anyone involved in trading FOREX, I cannot recommend this book enough as mandatory reading."—Jeff Marsick, Research Analyst, Avatar Associates

"This book by Michael Duane Archer evaluates with remarkable profundity and extent the world of currency trading. The author's experience is enormous and dates back to the beginning of foreign exchange trading as we know it today. A brilliant reference companion and a must for any currency trader's library."—Peter Panholzer, DynexCorp

While the Foreign Exchange (FOREX) market can be a very profitable place, you must have a firm understanding of how to operate within this environment if you intend on achieving any success. That's why you need Getting Started in Currency Trading, Second Edition. This reliable resource—written for both newcomers and those with some FOREX experience—puts trading world currencies in perspective, and shows you exactly what it takes to make it in this field. Topics include:

• The rapidly expanding and evolving online trading marketplace for spot currencies, generally referred to as retail FOREX

• The process of initiating and liquidating a live market order

• The advantages and disadvantages of fundamental and technical analysis

• The wealth of FOREX products and services now available from third-party vendors

• The psychology of trading and the stresses that may accompany this endeavor

• Advanced strategies such as options, exotics, and arbitrage

About the Author

Michael Duane Archer has been an active commodity futures and FOREX trader for over thirty years. He has worked in various advisory capacities, notably as a commodity trading advisor and an SEC-registered investment advisor. Archer operates www.fxpraxis.com and is a professional FOREX money manager. He is also the author of Getting Started in Forex Trading Strategies and coauthor of the first edition of Getting Started in Currency Trading, The Forex Chartist Companion, and Charting the Major Forex Pairs, all published by Wiley.