Currency trading offers immense potential to stock and futures investors seeking new speculative opportunities. However, there are several ways to trade in currencies, and many unsuspecting traders have been burned by aggressive marketing campaigns and gimmicks luring them into unfavorable trading environments. In this book, best-selling trading author Carley Garner covers everything new currency traders need to know to avoid those pitfalls and start earning big profits. Currency Trading in the Forex and Futures Markets begins by demystifying all the essentials, from quotes and calculations to the unique language of Forex trading. Readers learn all they need to know about choosing trading platforms and brokerage firms; working with leverage; controlling transaction costs; managing liquidity, margins, and risks; and much more. Garner thoroughly explains the currency spot market (Forex); currency futures traded on the Chicago Mercantile Exchange (CME); and currency ETFs. She candidly discusses the advantages and disadvantages of each, cutting through the "smoke and mirrors" often associated with currency trading. Readers will also find a full section on currency market speculation, including a clear introduction to fundamental and seasonal analysis in currency markets. With her guidance, new currency traders can identify the markets and approaches that best fit their objectives, and avoid the pitfalls that have often victimized their predecessors.
From the Back Cover
“Carley Garner is a smart trader and broker; she understands the markets and the importance of educating traders. Her new FOREX book is a good addition to her other efforts, A Trader’s First Book on Commodities and Commodity Options. Taking on FOREX is not easy, but Carley nailed this one. MrTopStep.com gives it a big thumbs up.”
—Danny Riley, President, MrTopStep.com
“Once again, Carley Garner demonstrates her ability to boil down complex concepts forindividual traders. This book will put budding currency traders ahead of the curve with its unique blend of the basics and some refreshingly unexpected material.”
—Karris Golden, Traders Press®
“It’s not easy to write about a complex topic like currency trading in words that anyone can understand. In that respect, Carley Garner hit a home run with this book. She clearly spells out the advantages and potential pitfalls to trading FOREX today. It’s a must-read for any investor considering exploring currency trading.”
—Frederic Ruffy, Market Strategist, Trade Alert, LLC
• Choose your best analytical tools, venues, and trading platforms
• Understand the risks, opportunities, jargon, and calculations
• Avoid aggressive marketers and costly gimmicks
Today, global currency markets are immense—and they can offer immense opportunities to prepared and intelligent traders. In this concise, candid, and practical book, expert trader Carley Garner teaches you everything you need to better your chances at earning your share of the profits.
In plain English, Garner explains the markets, jargon, calculations, risks, essential trading techniques, and much more. Garner shows how to avoid smoke-and-mirrors, snake-oil salesmen, and currency trading environments that aren’t what they seem. She assesses the pros and cons of each form of currency trading, from Forex and futures to the newest currency ETFs. You’ll learn how to improve your odds through basic fundamental, technical, and seasonal analysis and discover tips and tricks you’d otherwise have to learn through costly experimentation.
If you’re serious about exploring currency trading, you won’t find a more reliable, useful, and potentially profitable resource.