Forex Essentials in 15 Trades

An inside look at professional FOREX trades FOREX is a market like no other. Available twenty-four hours a day, with $3.5 trillion in various currencies changing hands daily, it offers the disciplined trader huge potential returns, with the risks to match. Of course, such a dynamic market is usually treacherous for those who dabble. Effective FOREX trading takes a game plan, a learned ability to both act and react, and most of all, a healthy dose of respect. Written by the creators of Global-View.com, the original FOREX forum, FOREX Essentials in 15 Trades is an informative, entertaining look at how the market works and how traders make it work for them. Whether you're a new or experienced market participant, you'll appre-ciate the real-world experience of Global-View.com's more than 50,000 members-who come from over 160 countries-woven throughout this pragmatic guide. Divided into three parts, FOREX Essentials in 15 Trades first gives you a primer on FOREX basics, moving from pips, pairs, and crosses, to the ins and outs of placing orders, to finer points like King Kong syndrome and Jubbs stops. After reviewing key terms and principles, the authors then analyze fifteen actual trades-some profitable, some losers-giving you an invaluable look at how various traders operate. The final section includes key information from the Global-View Web site, which will help you apply the trades to your daily business. With FOREX Essentials in 15 Trades, you'll learn how to: Avoid common mistakes for new traders Select a FOREX broker Determine your trading profile and time horizon Develop good habits for your trading practice Apply both technical and fundamental analysis to potential trades Use margin effectively Make evolutionary trading changes to boost your returns Manage your money on good and bad trading days Trade in a crisis economy Trade the news And more With numerous Inside Scoop commentary boxes, trading charts, chapter summaries, and recommended links, FOREX Essentials in 15 Trades gives you a thorough, lively trading guide that also plugs you into the exciting Global-View.com trading community. A complete resource for becoming a better trader, this book will get you learning-and returning-more from your FOREX trading.