From the Inside Flap of the Little Book of Currency Trading
Once dominated by global banks, hedge funds, and multinational corporations, the foreign exchange market, or forex, is now easily accessible to traders and investors around the world. But in order to make the most of your time in this market, you need to have a firm understanding of how it works.
Written by forex expert Kathy Lien, The Little Book of Currency Trading shows you how to effectively trade and invest in today’s biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details the practical products that can help you achieve success.
Along the way, Lien skillfully explains the forces that drive currencies and provides strategies to profit from them; reveals how you can use various currencies to reduce risk; and take advantage of global trends, and examines what you can do to make money without the stress of monitoring the market every day. Other issues addressed include:
- Getting started in forex and finding the right approach for you
- The most commonly made forex mistakes
- Making the most of slow and steady investing as well as learning the fast and furious approach to forex
- Avoiding popular forex scams
- And much more
Filled with in-depth insights and practical advice, The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering this dynamic arena.
The Little Book of Currency Trading is the perfect introduction to the forex market for investors looking to get a taste of how the largest market in the world works. Written in an easy to understand tone with some practical approaches, this book is designed for people who have no clue what pips, stops and lots mean. It is funny how life works. The Little Book of Currency Trading is actually my fourth trading book and happens to be the most basic. My first book Day Trading and Swing Trading the Currency Market, an international best seller in its second edition is for intermediate forex traders – it assumes you know technical analysis and how the market works. High Probability Forex Trading on the other hand is designed for advanced traders and only focuses on strategies. After writing these 2 books, I got a lot of requests for something more basic. Then came Millionaire Traders: How Everyday People Beat Wall Street, which is an interview series with successful forex, commodities and equity traders. And now, I have just published the Little Book of Currency Trading for those of you that have been begging for the nuts and bolts of the market. This book covers the A to Zs of forex trading, talks about how to access the market, how to find a broker, the top 10 mistakes to avoid and the biggest scams in the market. It includes a practical trading strategy to get investors and traders started and teaches you how to get down to business.
