FT Guide to Foreign Exchange Trading

The Financial Times Guide to Foreign Exchange Trading is an authoritative introduction to one of the world’s largest and most liquid financial markets. Whether you are a beginner wanting to start out in forex tradingm or a more experienced investor looking to expand your knowledge of this market, this book is your essential guide to all aspects of foreign exchange markets. With practical guidance and instantly applicable advice, this book will give you a solid grounding in the currency markets, what makes them move and how to trade them.

Introduction:

Foreign exchange trading represents one of the fastest-growing areas of retail investment finance in the world today. In the last few years in particular, the number of people who own a foreign exchange dealing account has mushroomed. Interest in currencies is running at an all-time high.

The very fact that you are reading this sentence means there is something about the currency markets that has captured your interest. You may be intrigued about the idea of working full-time as a trader, or you may be seeking a new investment opportunity that is not correlated to stock or bond markets. With the prevailing crisis in the Eurozone, currencies and their impact on global economies have become a major issue for governments, central banks and the financial world in general. As they have come to dominate the headlines, so too has interest in trading these volatile markets increased.

But what is foreign exchange trading all about really? How does it work, and how can you, as a private individual, profit from this market? This book sets out to act as a primer for the newcomer to foreign exchange – or FX – trading. It will give you a solid grounding in the currency markets, what makes them move, and how to trade them. It includes information on choosing a brokerage to deal through, and how to manage many of the common risks that trading can present you with. It can also help with fitting currencies into a larger investment strategy, be it other futures markets or a physical portfolio.

Trading foreign exchange can be approached in a number of ways – there is no ‘right’ way to trade FX. Many individuals have become wealthy following radically different strategies, and some have combined good fortune and discipline in the course of their trading careers to be able to retire early. In this book, we examine some of the more common approaches used to trade FX markets. Finally, we also look at some of the useful resources that traders can use to improve their performance.

Contents:

• Foreign exchange trading: getting started
• Accessing the markets: different types of FX trading account
• Risk management for the forex trader
• Currencies in brief
• Trading emerging markets currencies
• What moves the markets?
• Developing a trading plan for currency markets
• Technical analysis for the FX trader
• Further resources for the forex trader
• Careers in FX trading

FT Guide to Foreign Exchange Trading By Stuart Fieldhouse pdf