Once dominated by global banks, hedge funds, and multinational corporations, the foreign exchange market, or forex, is now easily accessible to traders and investors around the world. But in order to make the most of your time in this market, you need to have a firm understanding of how it works. Written by forex expert Kathy Lien, The Little Book of Currency Trading shows you how to effectively trade and invest in today’s biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details the practical products that can help you achieve success. Along the way, Lien skillfully explains the forces that drive currencies and provides strategies to profit from them; reveals how you can use various currencies to reduce risk and take advantage of global trends; and examines what you can do to make money without the stress of monitoring the market every day. Other issues addressed include: • Getting started in forex and finding the right approach for you • The most commonly made forex mistakes • Making the most of slow and steady investing as well as learning the fast and furious approach to forex • Avoiding popular forex scams • And much more Filled with in-depth insights and practical advice, The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering his dynamic arena.
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“A Japanese proverb says, ‘If you wish to know the road, inquire of those
who have traveled it.’ My friend Kathy clearly knows the FX road. Her
wonderful book fuses together her years of real world trading experience
with her skills at making the topic easy to understand (and fun!). This
is a book that belongs on every forex trader’s shelf no matter their
level of experience.”
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Steve Nison, CMT, President, www.nisonfx.com, and author of Japanese Candlestick Charting Techniques