Currency Trading For Dummies, Getting Started Edition, contains the no-nonsense information you need to take the first step into the world of currency trading :
- Chapter 1: What Is the Forex Market? introduces you to the global forex market and gives you an idea of its size and scope.
- Chapter 2: The Mechanics of Currency Trading examines how currencies are traded in the forex market: which currency pairs are traded, what price quotes mean, how profit and loss is calculated, and how the global trading day flows, just to name a few.
- Chapter 3: Choosing Your Trading Style reviews the various approaches used by professional currency traders and how they influence trading decisions, as well as how to develop a disciplined trading plan and to stick with it.
- Chapter 4: Getting Started with Your Practice Account walks you through the various ways of establishing a position in the market, how to manage the trade while it’s open, how to close out the position, and how to evaluate your results critically.