DESCRIPTION

(From The Jacket) - From strategies to trading forums, the foreign exchange (FOREX) market--where currency trading volume exceeds $1 trillion daily--is a moving target with massive profit possibilities. Even with relatively little starting capital, you can take advantage of the fluctuations within currency markets and reap enormous rewards, but first you have to learn how.

Expert trading veteran Philip Gotthelf understands that the dynamics and rules of currency trading are constantly changing. With this in mind, he has written Currency Trading: How to Access and Trade the World's Biggest Market. Instead of repeating the outdated advice of "experts," this comprehensive resource offers practical information which will allow you to cultivate your own views of currency trading, sharpen your skills, and ultimately, draw your own conclusions on where, when, and how to trade almost any currency.

A brief introduction to money, currency, and foreign exchange highlights the fundamental differences of these three concepts, and clarifies commonly held misconceptions. With the basics established, Currency Trading moves forward to provide you with an indispensable overview of how the foreign exchange market works and how you can profit within it.

Currency Trading is filled with in-depth insights and valuable advice that any level of currency trader can appreciate. Numerous real-world examples and case studies help drive each point home in a straightforward, no-nonsense manner. Topics discussed include:

• The principle of "parity" and how to master it
• How currency markets such as futures, options, Interbank, and forwards work
• Events that affect currency value--from interest rates to a country's economic position
• Forecasting using fundamental and technical analysis
• Basic to advanced trading strategies for currency markets
• How to avoid scams and take advantage of legal manipulations within currency markets

For many investors, currency trading is a daunting task--there are dozens of ways to participate in several different forums, and currency markets have a language and style all their own--but the allure of extraordinary returns is so powerful and intoxicating that it is hard to resist. Whether you're trading U.S. Dollars, Japanese Yen, or the Euro, Currency Trading contains the tips and tools you need to succeed.