- Paperback: 304 pages
- Publisher: John Wiley & Sons; 2nd Edition edition (11 July 2008)
- Language English
- ISBN-10: 0470267771
- ISBN-13: 978-0470267776
- Product Dimensions: 23.1 x 15.5 x 2.3 cm
- Average Customer Review: 3.5 out of 5 stars See all reviews (2 customer reviews)
- Amazon Bestsellers Rank: 777,700 in Books (See Top 100 in Books)
- See Complete Table of Contents
Getting Started in Currency Trading
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More About the Author
Product Description
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
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
Inside This Book
(Learn More)
Browse and search another edition of this book.
Browse and search another edition of this book.
First Sentence
Foreign exchange is the simultaneous buying of one currency and selling of another. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Foreign exchange is the simultaneous buying of one currency and selling of another. Read the first page
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Concordance
Browse Sample PagesConcordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
15 of 18 people found the following review helpful
Format:Paperback
Its OK if you know nothing at all about forex, if you have a basic understanding already go for something more meaty.
Format:Paperback
This book is ideal to get yourself started in currency trading, but also when you are already some way in it.
I already had some experience in trading but still found this book a good addition. It is divided into sensible chapters which give you the possibility of skipping those you think you already know as it will literally tell you whats already in the name of the chapter, leaving you to miss out on nothing!
I'd recommend this book to anyone who is about to get started in currency trading, but also to people who already are active in this field as a useful and reliable reference book.
I already had some experience in trading but still found this book a good addition. It is divided into sensible chapters which give you the possibility of skipping those you think you already know as it will literally tell you whats already in the name of the chapter, leaving you to miss out on nothing!
I'd recommend this book to anyone who is about to get started in currency trading, but also to people who already are active in this field as a useful and reliable reference book.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
37 reviews
133 of 137 people found the following review helpful
Concise "big picture" book
10 Aug 2005
Format:Paperback
This book is perfect for getting the big picture view of forex trading. It's perfectly titled "Getting Started in Currency Trading". The chapters are concisely written with clear examples that are not cluttered up with useless stories. This book made it easy for me to plan the steps necessary to start trading.
What this book WILL NOT do for you:
1. Give you a step by step methodology for trading
What this book WILL do for you:
1. Make you aware of the main points to keep in mind with trading currencies.
2. Tell you exactly where to look for more information
3. Will not overwhelm you with tons of nuances and indicators
4. Give you a thorough understanding of money management
5. Allow you to make a detailed checklist of what needs to be in place before you put in your first trade.
Hope this helps.
What this book WILL NOT do for you:
1. Give you a step by step methodology for trading
What this book WILL do for you:
1. Make you aware of the main points to keep in mind with trading currencies.
2. Tell you exactly where to look for more information
3. Will not overwhelm you with tons of nuances and indicators
4. Give you a thorough understanding of money management
5. Allow you to make a detailed checklist of what needs to be in place before you put in your first trade.
Hope this helps.
32 of 32 people found the following review helpful
The Best Bang for the Buck
23 May 2006
Format:Paperback
This book is perhaps the best introduction for the novice currency trader. Each chapter in the book is short, very straightforward, easily digestible, and full of information. I also like the cautionary attitude the writers of the book have: they warn you about leverage, [...], and illusions of making easy money.
This book should be the first book you purchase and read thoroughly if you are interested in online currency trading. However, you will have to find other books and references once you start (or rather before you start) trading online to gain more knowledge.
More experienced traders (in stocks, options, etc.) will find this book less valuable but this is a little gem for an absolute beginner.
This book should be the first book you purchase and read thoroughly if you are interested in online currency trading. However, you will have to find other books and references once you start (or rather before you start) trading online to gain more knowledge.
More experienced traders (in stocks, options, etc.) will find this book less valuable but this is a little gem for an absolute beginner.
36 of 37 people found the following review helpful
Great Foundation Builder
2 Aug 2005
Format:Paperback
This book is an excellent resource to build a foundation about the FOREX market. I read several books and articles about the FOREX market but this book gave me the best understanding about currency trading. If you don't know anything about currency trading, this book has the resources in it to give you the basic about FOREX. I would recommend "Getting Started in Currency Trading" by Michael Archer to all beginners. I am a beginner to the FOREX market and beleive that I will be very success as a Currency trader with the foundation information in this book. I am ready to open a demo account and test the FOREX market without risking any money. Michael's book tells you how to do this plus recommend you open a demo account to practice before jumping into the currency market with your money at risk.
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