Forex Currency Trading For Dummies

Before you put thousands of your dollars into a forex trading account you need to explore all your options. Get decent and reliable information.

Then, you can sign up for free practice demo accounts. It is in these demo accounts that you can test your skills with no risk.

The Hedge Fund Manager says that the illustrated paperback of “Currency Trading For Dummies” offers practical guidance and savvy tips. This guide helps you analyze currency charts, identify trading opportunities, understand what drives the forex market, choose a trading broker, execute successful trades and minimizes your risk and maximizes your profit.

This is a paperback book with 360 pages, published August 6, 2007, written in English with ISBN-10 numver of 0470127635, ISBN-13 number of 978-0470127636 and measures. 9.1 x 7.2 x 0.9 inches. It is generally rated with 5 stars out of five.

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Currency Trading For Dummies (For Dummies (Business & Personal Finance)) (Paperback)
by Mark Galant (Author), Brian Dolan (Author)
Key Phrases: online forex brokers, minor currency pairs, lot position size, Moving Currencies, Driving Forces Behind Forex Rates, United States (more...)

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4.6 out of 5 stars See all reviews (17 customer reviews)
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* This item: Currency Trading For Dummies (For Dummies (Business & Personal Finance)) by Mark Galant
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The Complete Guide to Currency Trading & Invest... by Jamaine Burrell
3.9 out of 5 stars (24) $16.47

Futures & Options For Dummies (For Dummies (Bus... by Joe Duarte MD
3.1 out of 5 stars (8) $13.95

The Complete Idiot's Guide to Foreign Curre... by Gary Tilkin
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Getting Started in Currency Trading: Winning in... by Michael Duane Archer
3.9 out of 5 stars (37) $13.57

The Forex Trading Course: A Self-Study Guide To... by Abe Cofnas
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Editorial Reviews
Review
"It offers practical guidance and savvy tips.." (Hedge Fund Manager, Thursday 23rd August)

"…gives readers a step by step guide (to) getting acquainted with the forex market and to making those killer transactions." (Professional Pensions, Thursday 30th August 2007)

"It offers practical guidance and savvy tips.." (Hedge Fund Manager, Thursday 23rd August) "...gives readers a step by step guide (to) getting acquainted with the forex market and to making those killer transactions." (Professional Pensions, Thursday 30th August 2007)

Want to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis.

* Identify trading opportunities
* Understand what drives the market
* Choose a trading broker
* Execute a successful trade
* Minimize risk and maximize profit
* Analyze currency charts

* Paperback: 360 pages
* Publisher: For Dummies (August 6, 2007)
* Language: English
* ISBN-10: 0470127635
* ISBN-13: 978-0470127636
* Product Dimensions: 9.1 x 7.2 x 0.9 inches
* Shipping Weight: 14.1 ounces (View shipping rates and policies)
* Average Customer Review:

› See all 17 customer reviews...
4.6 out of 5 stars See all reviews (17 customer reviews)
* Amazon.com Sales Rank: #1,249 in Books (See Bestsellers in Books)

Popular in these categories: (What's this?)
#1 in Books > Professional & Technical > Accounting & Finance > International > Finance
#1 in Books > Business & Investing > Finance > Foreign Exchange
#6 in Books > Business & Investing > Accounting

(Publishers and authors: Improve Your Sales)
* In-Print Editions: Kindle Edition (Kindle Book) | Unknown Binding | All Editions

Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Search Inside This Book:
Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
online forex brokers, minor currency pairs, lot position size, directional price move, successful currency traders, mini lot sizes, currency trading platforms, forex brokerages, economic data reports, individual currency pairs, online currency trading, major currency pairs, forex market, double doji, key technical levels, spike reversals, inflation readings, trade setup, different currency pairs, small real body, largest financial market, pip value, few pips, momentum readings, breakout level
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Moving Currencies, Driving Forces Behind Forex Rates, United States, New York, New Zealand, Cutting the Fog, Trading the World's Largest Financial Market, Fundamental Data, Big Picture, Know the Major Currency Pairs, The Mechanics of Currency Trading, United Kingdom, Identifying Trade Opportunities, North American, Pulling the Trigger, Meet the Players, Risk-Management Considerations, European Central Bank, Managing the Trade, Bank of England, Moving Average Convergence, European Union, Federal Reserve, Forex Insider, Federal Open Market Committee
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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Customer Reviews
17 Reviews
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Most Helpful Customer Reviews

39 of 41 people found the following review helpful:
5.0 out of 5 stars Best Beginner Book on FX Trading Currently on the Market, February 3, 2008
By justsomeguyinla "justsomeguyinla" (El Monte, CA United States) - See all my reviews
Overall, I thought this book gives a great overview on how and when the Interbank FX market operates, a basic overview of technical analysis, and some useful tips on practical matters of trading like how to choose a broker/platform and what to consider when setting up a trade. Having traded the Forex market for over 2 years now and having read a number of books specific to Forex trading, I think this book is the best book geared toward novice traders currently available.

However, I felt this book could have done better in a few areas: it walks you through considerations to construct a trading plan but doesn't provide a detailed example of one (preferably the authors'). This book actually walks through a trade set up (shorting the USD/JPY) and details the things to consider, but it was picked seemingly at random (based on a double doji) and not from some back tested trading methodology. Also not covered in the book are tools to effectively back test strategies and what a sample trading journal should look like.

But like I said at the beginning, this book is a lot better than most of the other FX trading books you find on retail book stores/sites--books that are filled with marketing fluff and little practical guidelines to actual trading. Currency Trading for Dummies actually has a lot of substance and value for the novice trader.
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36 of 38 people found the following review helpful:
5.0 out of 5 stars Best Forex Trading Book Period!!!!!!!, January 31, 2008
By H. Pennix "H.Pennix" (Daytrade,USA baby!!!) - See all my reviews
(REAL NAME)
I thought this book would be typical nuts and bolts book.I was soooo wrong.
This book is a book of strategy,fundamentals,mental game and a lot more. If you are just starting or a veteran purchase this book... It gives you those jewels that you hear and wonder," where that come from?". The indicator section is the best. So many traders are always trying out the new indicator. Truth be told they all are the same. Your overall package as a trader is what makes you profitable, not 50 moving averages crossing. I hope I helped someone to make a proper choice in a great overall book on Forex. Forex is the best market out here period, but the books and information available are lacking real substance. Do not let the title fool you. This book is written by owners of Forex brokerages. They hold nothing back. This book is for dummies and pros a like.
Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)

42 of 50 people found the following review helpful:
5.0 out of 5 stars Currency Trading Primer, August 31, 2007
By Harry Moyson "Boekenworm" (Grimbergen, Belgium) - See all my reviews
(REAL NAME)
Covers the field of currency trading for a beginner very extensively. Take it together with "Technical Analysis for Dummies", and exercise on a few demo currency trading accounts for about three months. Then you can start trading on a real account like a real pro.
Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)

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› See all 17 customer reviews...

5.0 out of 5 stars Currency trading for Dummies
This is the Bible for currency trading. If you want to learn 'the business' this is quickest book / mannuel to have. MUST READ (& study).
Published 21 hours ago by Bart Arntz

4.0 out of 5 stars Good! But it could be better!
MINUSES:
1."American" language.
If you live in Europe, you will have some problems with authors' expressions.
2. Read more
Published 21 days ago by Angry.Predator

5.0 out of 5 stars Currency trading for dummies and intelligent people alike
For the money, this book is worth every cent. Prior to reading this book, I had only read one other book on currency trading. Read more
Published 1 month ago by KdubFromThe209

4.0 out of 5 stars Don't be fooled by the title.
You only need to read the 'about the authors' section to know you are about to be well informed by two very successful individuals with deep experience in the forex market. Read more
Published 2 months ago by Midnight Toker

5.0 out of 5 stars Perfect for a newbie
I am a newbie to currency trading and this book has already given me enough information to start trading. It discusses all aspects in an easy to understand format. Read more
Published 3 months ago by Brandon T. Pyles

4.0 out of 5 stars Now's a time to beat Wall Street
Let's face it, we're losing trillions off Wall Street. But if you time it right, you can buy some cheap currencies now that's going to lead to some solid gains in the future... Read more
Published 4 months ago by A. Troutman

5.0 out of 5 stars A Must-Read for Forex Beginners
It is great for Forex traders. A lot of field experience, detailed howtos, tips and what to remember are really useful, advices are earnest. Read more
Published 4 months ago by Greg Gao

5.0 out of 5 stars Currency Trading for Dummies
The book is awesome. Even dumb like me eager to move forward from pages to pages. Really good start for dummies :)
Published 6 months ago by Joely Gloriana

5.0 out of 5 stars Currency Trading For Dummies
This is the book that every Forex trader new and experienced should have in their library. I have been trading on an off for a couple of years and learned more by reading this... Read more
Published 6 months ago by Daniel Leon

5.0 out of 5 stars The best begginer book out there
Cheap, easily read, more thorough than any other introduction I've seen. Not the last book you'll ever need, but definitely the best choice for your first. Read more
Published 8 months ago by M. Pizzullo

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