Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies
Profiting with Forex introduces investors to all the advantages of the global foreign exchange market and shows them how to capitalize on it. Readers will learn why forex is the perfect supplement to stock and bond investing; why it is unrivaled in terms of protection, profit potential, and ease of use; and how it can generate profits, whether the other markets are up of down.
In this book, we use basic economic principles, technical analysis concepts, and a lot of common sense to explain what the Forex market is and why it does what it does. We approach the Forex market from a very practical standpoint. Instead of dwelling on the sophisticated economic principles that make the world go ’round, we choose to focus on the basics that easily translate into realistic and sensible investing decisions. We will look at the Forex market from a practical point of view—not a theoretical one.
Theories are a great place to start because they point you in the right direction, but they don’t tell you what to do in the market right now. You need a set of practical tools to make snap decisions in the Forex market.
This book provides those tools. Like every other financial market, the Forex market is constantly changing and evolving. If you change with it, you will be successful. If you stubbornly hold onto your preconceived theories, you won’t be successful. If you just remember that the market is always right, you will do well.
- Profiting with Forex
- Basic Lingo Lesson
- How the Forex Market Works
- Genesis and Growth of the Forex Market
- Fundamental Analysis Tools
- The U.S. Government
- The U.S. Stock Market
- Breaking News
- Seesaw of Supply and Demand
- Technical Analysis Tools
- Support, Resistance, and Fibonacci
- Putting It All Together—Trading Techniques
- Money Management