The sensible guide to Forex : safer, smarter ways to survive and prosper from the start / Cliff Wachtel.

Format:

Book

Author/Creator:

Wachtel, Cliff, 1959-

Series:

Wiley Trading

Wiley trading series

Language:

English

Subjects (All):

Foreign exchange market.

Foreign exchange futures.

Physical Description:

1 online resource (445 p.)

Edition:

1st edition

Place of Publication:

Hoboken, New Jersey : Wiley, 2012.

Language Note:

English

System Details:

text file

Summary:

FXstreet.Com's 2013 Best Book Award! The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Start is written for the risk averse, mainstream retail investor or trader seeking a more effective way to tap forex markets to improve returns and hedge currency risk. As the most widely held currencies are being devalued, they're taking your portfolio down with them-unless you're prepared. For traders, the book focuses on reducing the high risk, complexity, and time demands normally associated with forex trading. For long-term investors, it

Contents:

The Sensible Guide to Forex; Contents; Read This First; Currency Risk: Every Investor's Dilemma; Currency Risk and How to Fight It; The Solution; Some Background; Why Any Trader or Investor Needs This Book; What This Book Offers; Why Listen to You, Cliff?; Visit thesensibleguidetoforex.com for Additional Online Content; Acknowledgments; CHAPTER 1 Three Must-Know Forex Facts; Fact 1: Everyone Needs Forex Diversification Even if You Don't Trade Actively; You're Exposed: Cover Your Assets; Even Long-Term Buy-and-Hold Investors Need Forex Diversification

Fact 2: Potential for Better Risk-Adjusted ReturnsForex Markets Often Provide Advanced Warnings of Changes in Other Markets; Forex Needn't Be Any Riskier Than Other Markets; No Uptick Rule: Just as Easy to Profit in a Falling Market as in a Rising One; Low Correlation to Other Financial Markets; The Most Flexible Hours; Forex Markets Offer the Best Liquidity; No Centralized Exchange with Specialists Holding Monopoly Power to Regulate Prices; Less Slippage; The Best Risk/Reward Potential; The Lowest Startup and Trading Costs; Fact 3: You Can Do This

How Can I Compete against the Pros and Big Institutions?How David Beats Goliath: More on What This Book Will and Won't Do; What's the Catch?; Most Traders Fail within Their First Two Years; CHAPTER 2 Forex Basics; Basics of Currencies and Currency Pairs; Trade Only the Most Liquid Currencies; The Major Currencies; Risk versus Safe Haven Currencies: Definition and Ranking; Currencies Trade in Pairs and Why That Matters; Price Movements Are Always Relative to Another Currency; It's Just as Easy to Profit in Bear Markets as in Bull Markets; How to Read a Forex Pair Price Quote

Summary of Currency Pair BasicsWhy It's Just as Easy to Profit from Falling Prices; Size Matters: Types of Currency Pairs; The Major Currency Pairs: The Most Liquid; More on Risk and Safe Haven Currencies; The Signs of the Crosses: Divine Revelations about Currency Strength; Walk on the Wild Side: The Exotics; Pips: The Universal Currency of Currencies; Calculating Pip Values; Three Ways to Limit Risk: Lot Size Usually the Easiest; Leverage and Margin: Their Relationship and Impact on Risk; Leverage: Greater Risk and Reward; Permitted Leverage Varies with Place and Time

How Margin, Lot Size, and Leverage InteractThe Importance of Adequate Capital; Margin Calls: Your account's Circuit Breaker; Order Types; Exit Orders: Ways to Close a Position; The Three Facets of Risk and Risk Control; Example; The Core Four: The Most Important Skills for Success; Trader Psychology; Risk and Money Management (RAMM); Technical and Fundamental Analysis; CHAPTER 3 Technical Analysis (TA) Basics; Candle Chart Basics; Candle Anatomy and Meaning; Relationship between Body, Wick, and Its Significance; Support and Resistance (S/R) Basics; Candle Chart Time Frames: Length Matters

Different Time Frames, Different Trading Techniques, and Styles

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786613904874

9781119204831

1119204836

9781283592420

1283592428

9781118226056

1118226054

OCLC:

810874629