Description:
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 his dynamic arena.
Brief description: Kathy Lien is an internationally published author, managing partner of BKTraders, and the former director of currency research at DailyFX.com and FXCM. At BKForex LLC, a firm that she cofounded in 2007, her experience in developing trading strategies using cross-market analysis and predicting economic data surprises serve as key components of BKForex's analytical techniques. A seasoned FX analyst and trader, she also has experience trading a number of products outside of FX, including interest rate derivatives, bonds, equities, and futures.
Review Quotes:
"Kathy Lien is one of the savviest currency analysts--The Little Book of Currency Trading will teach you more than just the basics!"
--Alexis Glick, former anchor for Fox Business Network's Money for Business and The Opening Bell