Forex Made Easy : 6 Ways to Trade the Dollar - Hardcover

Dicks, James

Hardcover

ISBN 10: 0071438947 ISBN 13: 9780071438940

Publisher: McGraw Hill, 2004

Synopsis

The first plain-English introduction to foreign currency exchange trading--one of today's hottest profit opportunities

The foreign currency market is the largest financial market in the world, and foreign exchange trading is quickly becoming one of today's most high-profile, potentially lucrative markets. One problem is that books on the topic are complex, technically dense, and difficult for Forex novices to grasp.

FOREX Made Easy is the first book to approach the topic in a detailed yet accessible style, gradually and deliberately moving from simple to complex in easy and natural language. Author James Dicks--founder of the popular trading software 4X Made Easy--draws upon his trading knowledge to give readers only the information they need, from setting up a workstation to trading electronically.

This Forex guidebook provides traders with:

• An easy-to-follow, six-step process for FOREX trading
• Methods for gaining an advantage using technical analysis
• Dozens of examples to illustrate key points

About this title

About the Author

James Dicks is president and CEO of PremiereTrade. One of today's leading authorities on trading the foreign currency exchange market as an innovative means of diversification, Dicks speaks to more than 60,000 traders each year through his popular training sessions. He lives in Orlando, Florida.

From the Back Cover

How Investors of Every Size Can Profit From Today's Largest Trading Market

Newly-developed online trading tools and tactics have helped individual investors smash the barriers between Main Street and Wall Street. Nowhere is this more evident than in the foreign currency market, or FOREX. Recent rule changes have opened this phenomenally lucrative market--formerly reserved for banks, corporations, and high net worth individuals--to independent investors, many of whom start with as little as $300! FOREX Made Easy is the first no-nonsense, step-by-step introduction to making the FOREX an integral part of your overall trading program. Pulling back the curtain to reveal how simple and straightforward FOREX trading actually can be, this results-based manual takes you through an easy-to-follow, six-step process to:

• Use unheard-of 100:1 leverage to make the most of your limited trading capital
• Practice market-proven techniques guaranteed to minimize your risk exposure
• Trade the FOREX market online, 24 hours a day, six days a week

FOREX trading has quickly become one of the investing world's hottest opportunities, for all traders and investors, regardless of their size or strategy. Discover how to make it work for you, in renowned FOREX trading pioneer James Dicks' commonsense yet revolutionary FOREX Made Easy.

"In this book I have put together what I feel to be a very investor-friendly understanding of the FOREX market and how to trade it. This is for the everyday investor, looking for an alternative to the stock market for better portfolio diversification."

--James Dicks

From the Introduction

The foreign currency market is the largest and most liquid trading market in the world, with $1.5 trillion or more traded every day. And in our increasingly barrier-free global financial markets, online traders and investors armed with inexpensive point-and-click trading systems, along with a new attitude that markets should be open to all traders, all the time, have made it among the most accessible!

Problem is, the majority of books written on FOREX trading have been needlessly complex and technically dense, written for institutional investors making billion dollar-plus trades. FOREX Made Easy changes all that, telling you everything you need to know minus the unnecessary detail and tactics. The first book to provide you with only the information you need, to allow you to get a feel for the market and determine how to fit FOREX trading into your long-term investing program, this straight-talking guidebook reveals:

• What the FOREX is, and how and why it has become the major player in today's financial markets
• Clear instructions for setting up a trading station, opening an account, and placing your first order
• 6 Steps to FOREX Success--Concise, effective rules for successful trading
• Fundamental analysis and the FOREX--Economic indicators, inflationary indicators, and more
• Technical analysis and the FOREX--From basic charts and patterns to Fibonacci, Elliot Wave, and more
• Money management principles to ensure that you trade with your head instead of your heart
• Business and tax strategies for squeezing every financial advantage from your FOREX trading practices

FOREX Made Easy gives you much more than just facts and numbers. This first-of-its-kind book provides you with the tools and techniques you need to stand toe-to-toe with the world's most powerful traders and institutions, using FOREX trading like they have for years to both offset your market risks and augment your profits. Simple, uncomplicated, and filled with examples of individual traders using their smaller size to tremendous advantage in the institution-dominated FOREX, it will open your eyes to an opportunity that is unique, unprecedented, and bound to become a staple for traders looking for new sources of profits, and innovative techniques to protect those profits.

Edition details

• Publisher: McGraw Hill
• Publication date: 2004
• Language: English
• ISBN 10: 0071438947
• ISBN 13: 9780071438940
• Binding: Hardcover
• Edition number: 1
• Number of pages: 256