Forex Trend Trading: How to Profit from the World's Largest Financial Market is a guide for those who want to earn extra income trading currencies without committing large amounts of time or money. This book will introduce global investors to the basics of forex (foreign exchange) trading and provide them with a solid framework for analyzing currencies and profiting from their fluctuations. Topics covered include the forces that cause exchange rates to fluctuate, an overview of the mechanics of trading, analytical and forecasting tools, how to profit from pricing trends, and common pitfalls that often ensnare traders.
While most books make grandiose promises of instant success and large profits, Forex Trend Trading represents an alternative approach to investing in forex. The forex market is dominated by institutional capital and algorithmic trading, making it unrealistic to think that day traders can beat the market by relying on charts and technical indicators alone. Thus, the emphasis here is on fundamental analysis - using economic concepts to spot currency misalignments - and staking out positions to profit from them over a period of weeks and months.
If you're eager to tap into the world's largest financial market on a part-time basis, this is the book for you. You will gain an understanding of how currency markets work and use this knowledge to generate income.
What you'll learn: Investors from all countries will:
* Understand how global currency markets operate and how currencies are exchanged
* Learn why exchange rates fluctuate, from the standpoint of economics and human psychology
* Open an account and become fluent in the mechanics of trading foreign exchange
* Learn how to avoid getting skinned alive by trading professionals and brokers
Adapt your personality and financial circumstances to a specific approach to analyzing and trading currencies
* Avoid pitfalls and limit risk to prevent profit from turning to loss
* Earn money and have fun trading
