Getting Started in Currency Trading: Winning in Today's Hottest Marketplace (Getting Started In.....) |  | Author: Michael D. Archer
Publisher: Wiley
Category: Book
List Price: $19.95
Buy New: $14.96
as of 9/8/2010 00:28 CDT details
You Save: $4.99 (25%)
New (16) Used (13) from $9.35
Seller: goHastings
Rating:  40 reviews
Sales Rank: 441,452
Media: Paperback
Edition: 2
Pages: 304
Number Of Items: 1
Shipping Weight (lbs): 0.9
Dimensions (in): 9.1 x 6.1 x 0.9
ISBN: 0470267771
Dewey Decimal Number: 332.45
EAN: 9780470267776
ASIN: 0470267771
Publication Date: June 30, 2008
Availability: Usually ships in 1-2 business days
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Product Description
While the Foreign Exchange (FOREX) market can be a very profitable place, you must have a firm understanding of how to operate within this environment if you intend on achieving any success. That's why you need Getting Started in Currency Trading, Second Edition. This reliable resource-written for both newcomers and those with some FOREX experience-puts trading world currencies in perspective, and shows you exactly what it takes to make it in this field. Topics include:
- The rapidly expanding and evolving online trading marketplace for spot currencies, generally referred to as retail FOREX
- The process of initiating and liquidating a live market order
- The advantages and disadvantages of fundamental and technical analysis
- The wealth of FOREX products and services now available from third-party vendors
- The psychology of trading and the stresses that may accompany this endeavor
- Advanced strategies such as options, exotics, and arbitrage
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| Customer Reviews:
Showing reviews 1-5 of 40
 Concise "big picture" book August 10, 2005
L. Grinberg (Phila, PA)
128 out of 132 found this review helpful
This book is perfect for getting the big picture view of forex trading. It's perfectly titled "Getting Started in Currency Trading". The chapters are concisely written with clear examples that are not cluttered up with useless stories. This book made it easy for me to plan the steps necessary to start trading.
What this book WILL NOT do for you:
1. Give you a step by step methodology for trading
What this book WILL do for you:
1. Make you aware of the main points to keep in mind with trading currencies.
2. Tell you exactly where to look for more information
3. Will not overwhelm you with tons of nuances and indicators
4. Give you a thorough understanding of money management
5. Allow you to make a detailed checklist of what needs to be in place before you put in your first trade.
Hope this helps.
The Best Bang for the Buck May 23, 2006
K. Hamidieh (Ann Arbor, Michigan, USA)
32 out of 32 found this review helpful
This book is perhaps the best introduction for the novice currency trader. Each chapter in the book is short, very straightforward, easily digestible, and full of information. I also like the cautionary attitude the writers of the book have: they warn you about leverage, [...], and illusions of making easy money.
This book should be the first book you purchase and read thoroughly if you are interested in online currency trading. However, you will have to find other books and references once you start (or rather before you start) trading online to gain more knowledge.
More experienced traders (in stocks, options, etc.) will find this book less valuable but this is a little gem for an absolute beginner.
Great Foundation Builder August 2, 2005
Edwin Moore (Grimesland, NC USA)
36 out of 37 found this review helpful
This book is an excellent resource to build a foundation about the FOREX market. I read several books and articles about the FOREX market but this book gave me the best understanding about currency trading. If you don't know anything about currency trading, this book has the resources in it to give you the basic about FOREX. I would recommend "Getting Started in Currency Trading" by Michael Archer to all beginners. I am a beginner to the FOREX market and beleive that I will be very success as a Currency trader with the foundation information in this book. I am ready to open a demo account and test the FOREX market without risking any money. Michael's book tells you how to do this plus recommend you open a demo account to practice before jumping into the currency market with your money at risk.
All The Fundamentals August 23, 2005
A Reader
23 out of 24 found this review helpful
It clearly explains the currency market, how it works, how to get a free practice account and great websites to check out. For trading strategies you need to research elsewhere or invent them yourself.
Getting Started in Currency Trading March 1, 2006
Branimir Ananiev
14 out of 14 found this review helpful
This is a no-nonsense, step-by-step introduction to Forex trading. If you
are new to this it may take a couple of readings to get everything straight.
Unlike the other two books I read on the subject it's not just a bunch of
filler. Michael Archer shares some good tips on trading from his experience
in the market; I liked the Dagger Principle and also the characteristics of
good traders, especially. 'Getting Started' covers technical analysis ideas
but not thoroughly. I suppose all the information is on the Internet - but
it would be time consuming to find it and how would a neophyte decide what
is good and what is not? This book doesn't provide detailed trading
strategies - which I would have really liked to see. A sequel covering
trading plans and day-to-day advice would be a good idea, though.
Showing reviews 1-5 of 40
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