Chapter 1
Currency Trading 101
In This Chapter
Looking at currency trading as a business
Getting a sense of what moves currencies
Developing trading strategies to exploit opportunities
Implementing the trading plan
The forex market has exploded onto the scene and is the hot new financial market. It’s been around for years, but advances in electronic trading have now made it available to individual traders on a scale unimaginable just a few years ago.
We’ve spent our professional careers in the forex market and we can’t think of a better traders’ market. In our opinion, nothing quite compares to the speed and exhilaration of the forex market or the intellectual and psychological challenges of trading in it. We’ve always looked at our work as essentially doing the same thing every day, but no two days are ever the same in the forex market. Not many people can say that about their day jobs and we wouldn’t trade it for the world, no pun intended.
What Is Currency Trading?
At its heart, currency trading is about speculating on the value of one currency versus another. The key words in ...
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