Forex Essentials in 15 Trades: The Global-View.com Guide to Successful Currency Trading (Wiley Trading) - Hardcover

John M. Bland; Jay M. Meisler; Michael D. Archer

Hardcover

ISBN 10: 0470292636 ISBN 13: 9780470292631

Publisher: John Wiley & Sons, 2009

Synopsis

Traders are constantly learning their craft. Those who do not share information, discuss tactics and review prior trades are doomed for failure. Global-View.com knows this. It is the leading destination for Forex traders looking to learn and discuss trading. With over 33,000 registered users from 125 countries, Global-View.com exposes its users to an incredible base of knowledge.

In this book, the authors dissect each of 15 chosen trades, using the material to expose some of the best (and worst) practices of a Forex trader. The book weaves a plethora of Global-View.com information into the detailed dissection. Each description will include how the trade was selected and why it was made, as well as money management and psychological aspects of the trade. Entertaining anecdotal stories are interspersed throughout each trade story.

About this title

From the Inside Flap

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.

From the Back Cover

A detailed look at 15 real-world FOREX trades and the lessons of each

Successful FOREX traders are always learning and refining their trading game. FOREX Essentials in 15 Trades brings you the experiences of real-world traders in today's market to help you begin or improve your own FOREX trading. Written by the creators of the Global-View.com online trading community, this go-to guide lays out key FOREX basics before looking at fifteen individual trades from several different angles. Fundamentals, technicals, money management, and psychology are just some of the aspects discussed for each trade.

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

Traders who study their experiences are destined to shorten their learning curve and trade more profitably sooner. FOREX Essentials in 15 Trades gives you the tools to make a smart entry into the world of FOREX trading, improve your skills, and boost your trading results.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2009
• ISBN 10: 0470292636
• ISBN 13: 9780470292631
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 336