Download Currency Trading in the Forex and Futures Markets by Carley Garner PDF

By Carley Garner

Currency buying and selling deals giant power to inventory and futures traders looking new speculative possibilities. although, there are numerous how you can exchange in currencies, and lots of unsuspecting investors were burned via competitive advertising campaigns and gimmicks luring them into detrimental buying and selling environments. during this e-book, best-selling buying and selling writer Carley Garner covers every thing new forex investors want to know to prevent these pitfalls and begin incomes great gains. Currency buying and selling within the foreign money and Futures Markets starts via demystifying all of the necessities, from fees and calculations to the original language of foreign currency trading. Readers study all they should learn about opting for buying and selling systems and brokerage agencies; operating with leverage; controlling transaction charges; handling liquidity, margins, and hazards; and masses extra. Garner completely explains the foreign money spot marketplace (Forex); foreign money futures traded at the Chicago Mercantile alternate (CME); and foreign money ETFs. She candidly discusses the benefits and drawbacks of every, slicing throughout the "smoke and mirrors" usually linked to forex. Readers also will discover a complete part on forex industry hypothesis, together with a transparent advent to primary and seasonal research in forex markets. together with her assistance, new foreign money investors can establish the markets and techniques that most sensible healthy their ambitions, and steer clear of the pitfalls that experience frequently victimized their predecessors.

Show description

Read or Download Currency Trading in the Forex and Futures Markets PDF

Similar money & monetary policy books

Getting It Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy

Blame for the hot monetary trouble and next recession has typically been assigned to each person from Wall road businesses to person householders. it's been generally argued that the concern and recession have been brought on by "greed" and the failure of mainstream economics.

The cross of gold: Money and the Canadian business cycle, 1867-1913

An fascinating view of the Canadian economic system prior to WWI, this examine fills a spot within the latest literature at the fiscal historical past of Canada. utilizing greater financial facts, the writer explains how the company cycle labored below the foremost, and takes an in-depth examine the jobs the banks, the govt and the general public performed with regards to Canada's stability of funds and the gold inventory.

Additional info for Currency Trading in the Forex and Futures Markets

Example text

Dollar, he wouldn’t be able to sell a USD/EUR pair, but he could buy the Euro against the Dollar and accomplish the same feat (that is, go long the EUR/USD). Again, when buying the EUR/USD, the trader is purchasing the Euro and selling the Dollar simultaneously. Chapter 2 Making “Cents” of Currency Pairs 21 In the case of the yen versus the Dollar, traders are able to speculate on currency valuations through the USD/JPy pair, or simply the Dollar/ yen. Later in the book, we discuss the unique nature of the yen in regard to quoting and calculating.

However, as a broker who makes a living through commission in both futures and FX, I can tell you that traders are always paying transaction costs in one way or another; nobody works for free. The manner in which transaction costs are charged by brokers and paid by FX traders is highly dependent on the type of brokerage firm 26 The goal of trading is to make money, not to save it! If the pennies you are pinching aren’t helping your bottom line enough to keep your account in the black, you should rethink your strategy.

FOREX Simplified Imagine the chaos in the financial markets if asset classifications weren’t standardized. For the sake of time, convenience, and clarity, equities and mutual funds are identified with standardized ticker symbols, futures with contract symbols and months, and, finally, FX with standard threeletter identifiers. As a result, traders around the globe, regardless of origin, ethnicity, or language, know exactly what they are buying or selling through a FOREX trading platform. In the case of FX, we can thank the ISO (International Organization for Standardization) for assigning each currency, or country, with a three-letter abbreviation.

Download PDF sample

Rated 4.58 of 5 – based on 35 votes