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Currency Trading For Dummies Paperback – 1 Jul 2011

22 customer reviews

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Product details

  • Paperback: 360 pages
  • Publisher: John Wiley & Sons; 2nd Edition edition (1 July 2011)
  • Language: English
  • ISBN-10: 1118018516
  • ISBN-13: 978-1118018514
  • Product Dimensions: 18.8 x 2 x 23.4 cm
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (22 customer reviews)
  • Amazon Bestsellers Rank: 133,516 in Books (See Top 100 in Books)
  • See Complete Table of Contents

Product Description

From the Back Cover

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!

  • All the world′s a stage get an easy–to–follow introduction to the global forex market and understand its size, scope, and players

  • 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

  • Prepare for battle discover different types of trading styles and make a concrete strategy and game plan before you act on anything

  • Pull the trigger establish a position in the market, manage the trade while it′s open, and close out on the most advantageous terms

Open the book and find:

  • Currency trading conventions and tools

  • Key characteristics of successful traders

  • Trading pitfalls to avoid and risk management rules to live by

  • How major currencies typically trade

  • Why it′s important to be organized and prepared

  • The 411 on buying and selling simultaneously

  • Tips for understanding rollovers and interest rates

Learn to:

  • Grasp currency quotes

  • Capitalize on the foreign exchange market

  • Manage risk and reward

  • Use the forces that drive currency movements

  • Identify key traits of individual currency pairs

About the Author

Brian Dolan has worked for more than 20 years in the forex market as a currency trader and analyst. As the Chief Currency Strategist at FOREX.com, Brian oversees fundamental and technical analysis and is a frequent resource for the financial media on currency developments.

Inside This Book

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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews

4.1 out of 5 stars

Most Helpful Customer Reviews

6 of 6 people found the following review helpful By Edward A. Thomson on 24 Oct. 2012
Format: Paperback
While this book focusses upon forex trading the content can be fairly well applied to global macro trading. That shouldn't be a big surprise. In case it wasn't obvious currency trading could refer to buying physical cash at the local travel agent but the general encouragement of these sorts of books is to dabble in leveraged forex trading (could be CFDs or Spreadbetting etc). What to expect from this book is getting a starting point to learn about currency markets; it doesn't guarantee that you will make any profit because no book should guarantee that.

As you would expect from a 'for Dummies' book the content is presented in a simple manner and should be interesting for anyone that this subject appeals to, and to that extent the book is well written. That said I'm coming from a perspective of some knowledge, I didn't learn much that was new but a lot of important information is there. Skimming over the other Amazon reviews there is some question as to the level and presentation of this book; this leads me to conclude that the book may not be appropriate for a complete beginner. Most of the resources that the book refers to can be found online, and for free (such as using Non-farm payrolls as an indicator); technically, you could learn all of this information online too but beginners don't tend to know where to start. This book makes a fair attempt to providing a starting point.

The book covers both a fundamental and technical perspective, it tries to explain what drives the currency markets and what indicators you should look at in order to predict future price movement. There is a little bit of glamour here to make you think currency trading is easier than it is, but then again they want you to buy their 'products'.
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1 of 1 people found the following review helpful By Jane on 12 Jan. 2013
Format: Paperback
This is a great book for those trying to get a basic understanding of the topic. I particularly liked the technical analysis section which is not too detailed but gives a good start to various technical methods of reading charts and is immediately understandable and useable. I frequently refer back to it for information as it gives a good intoduction to chart patterns and trend analysis. I like the fact it gives tips, warnings and reminders of important points. It is a good general reference as it covers all aspects of currency trading from choosing the currencies to trade, risk and all the considerations which need to be specified in a trading plan as well as providing souces for reference and the influences behind currency movements. A very good introduction for currency trading which provides an overview but with enough detail to hold interest.
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5 of 6 people found the following review helpful By Rajdoot on 21 Feb. 2012
Format: Paperback
I'm at page 31 as a novice non-trader I am already perplexed and confused by the maryiad inclusion of jargon and terminology peppered throughout the early pages with scant regard to delivering a meaningful explanation. How frustrating it is to have to carry a dictionary or have access to google as I read in order to understand the book. Should be called "Currency Trading for Americans (yep it is a US book - and you can tell) who already know a lot about financial markets" - if that was the title then maybe my rating would be higher.
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Format: Paperback Verified Purchase
Chose the book initially to help me understand the art of currency trading seeing as I am a novice. Like all the " for Dummies" series, they are not really for Dummies per se but for novices and are written in easy to understand language. I've not finished reading it all hence the 4 star rating but judging by how far I've got in the book, it could probably go as a 5 star. I'd recommend this book for anyone wanting to understand currency trading and for those who think they understand it all but don't really and are too proud rto ask.
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3 of 4 people found the following review helpful By cmmr on 13 July 2013
Format: Paperback Verified Purchase
A good basic introduction to the currency markets and trading fundamentals. You will need a lot more to actually get started in currency trading. There's so much information free on the internet that could have been included in this book but wasn't. Would have been good to have a lot more on charting and trading strategies. If you have the basics of trading you will get more Googling and reading posts on line.
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Format: Kindle Edition
A little too much text and too few graphs with explanations. The simplicity of the theory was good but i would have liked to hear things about when to trade, for how long, some expectations depending initial amount traded,....how to go about becoming a day trader, expectations...
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Format: Paperback Verified Purchase
Still reading this book and I will probably have to read parts of it again. This has given me confidence to test the foreign exchange market, with a demo account. The book is very informative, but shouldn't be the only book / web site you read. Even this book tells you that.
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Format: Paperback
This is a brilliant introduction to Forex trading book. I have been reading this book for a week now and have been able to read the markets quite effectively. It is a well written book covering all the important concepts. The chapter on Cross-Currency Trading is priceless.
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