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.
Introduction:
In reality, the markets can be anything a trader wants them to be. For those looking to substitute a pull at a high-dollar slot machine, there is plenty of leverage available in the currency markets to do just that. On the other hand, the opportunity is there for those seeking the possibility of slow and steady trading profits— assuming enough time is dedicated toward market education, sufficient skin is left in the game to gain experience the only way possible (the hard way), and the trader finds a way to successfully manage emotions and risk.
The currency markets are complex, and adding to the confusion of entry-level speculators is the choice of trading arenas. The most renowned venue to trade currencies is FOREX, or simply FX, but the oldest is currency futures on the Chicago Mercantile Exchange (CME).
The new kid on the block, and perhaps the least efficient method of placing wagers on currency fluctuations, is the Exchange Traded Fund (ETF). Each of these trading arenas has advantages and disadvantages; the purpose of this book is to provide readers with an objective and
informative point of view to enable educated decision-making.
After all, speculation isn’t a “one size fits all” game. What is comfortable and familiar for one trader might be the opposite experience for another. As a trader, it is up to you to determine which avenue of speculation fits your needs and, most importantly, your personality.
Contents:
- What Is FOREX?
- Making “Cents” of Currency Pairs
- FX Brokers and the Reality of Transaction Costs
- Is FOREX the Currency Casino?
- FOREX Trading Quotes and Calculations
- What Are Currency Futures?
- Calculating in Currency Futures
- Currency ETFs Versus FOREX and Futures
- Order Types and Choosing a Currency Trading Platform
- Currency Options
- Currency Market Fundamental
- Getting Technical with Currencies
- Tips and Tricks for Currency Traders
- Currency Lingo