The Little Book of Currency Trading: How to Make Big Profits in the World of Forex
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Currencies represent an increasingly popular way to capitalize on the up and down movements in the financial markets. Between 2004 and 2010, the daily turnover or volume in the forex market more than doubled from $1.9 trillion to $4 trillion. Previously limited to institutional investors, hedge funds, and other deep-pocketed players, the onslaught of technology that moved foreign exchange platforms online has made the market available to individual traders. With the advent of currency-based exchange-traded funds, currencies can now be traded like stocks and anyone can have access to trading 24-hours a day, using a large amount of leverage, with low transaction costs. In THE LITTLE BOOK OF CURRENCY TRADING (Wiley; January 2010; $19.95; 978-0-470-77035-1; Hardcover), forex expert Kathy Lien describes the multitude of profit opportunities possible in the forex market, from short-term price swings to long-term trends.
Lien skillfully explains the forces that drive currencies and provides strategies to profit from them, reveals how to use various currencies to reduce risk, and to take advantage of global trends. Lien outlines the many different ways to trade currencies, starting with how to follow big stories and headlines in the financial markets that may impact currencies and skillful ways of turning these headlines into trading opportunities. The book illustrates how to track trends and when to pick tops and bottoms using a trading tool developed by Lien to determine whether a currency is in a trend or range.
For active traders, currencies provide short-term price swings that hold the potential of making big profits every day, and for more strategic investors, it offers long, sustained price trends that generate money with the stress of monitoring the market every day. THE LITTLE BOOK OF CURRENCY TRADING explains the forces that drive currencies and provides strategies to anyone interested in entering this dynamic arena.
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The Little Book of Currency Trading: How to Make Big Profits in the World of Forex (US $19.95)
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