If you are going to trade currencies in the futures or FOREX market...You had better shorten the learning curve!
Currency Trading offers immense potential to stock and futures investors seeking new speculative opportunities. However, there are several ways to trade in currencies, and many unsuspecting traders have been burned by aggressive marketing campaigns and gimmicks luring them into unfavorable trading environments.
In this currency trading book, best-selling trading author Carley Garner covers everything new FX and futures traders need to know to avoid those pitfalls in hopes of earning substantial profits.
"Currency Trading in the FOREX and Futures Markets" begins by demystifying all the essentials, from quotes and calculations to the unique language of FX trading.
Readers learn all they need to know about choosing currency trading platforms and brokerage firms; working with leverage; controlling transaction costs; managing liquidity, margins, and risks; and much more.
Carley Garner thoroughly explains the currency spot market (Forex, a.k.a. FX); currency futures traded on the Chicago Mercantile Exchange (CME Group) and elsewhere; and currency ETFs. She candidly discusses the advantages and disadvantages of each, cutting through the "smoke and mirrors" often associated with currency trading.
Readers will also find a full section on currency market speculation, including a clear introduction to fundamental and seasonal analysis in the futures and FOREX markets. With her guidance, new currency traders can identify the trading venues and approaches that best fit their objectives, and avoid the traps that have often victimized their predecessors.