The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Start
John Wiley & Sons, 04.09.2012 - 448 Seiten
FXstreet.Com’s 2013 Best Book Award!
The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Start is written for the risk averse, mainstream retail investor or trader seeking a more effective way to tap forex markets to improve returns and hedge currency risk. As the most widely held currencies are being devalued, they're taking your portfolio down with them—unless you're prepared.
For traders, the book focuses on reducing the high risk, complexity, and time demands normally associated with forex trading.
For long-term investors, it concentrates on how to hedge currency risk by diversifying portfolios into the strongest currencies for lower risk and higher capital gains and income.
The usual forex materials don't provide practical answers for most retail traders or longer term investors. Virtually all forex trading materials focus on time-consuming, high-leverage, high-risk methods at which most traders fail. Materials about long-term investing in foreign assets rarely take into account the prospects of the related currency. A falling currency can turn an otherwise good investment into a bad one.
Throughout the book, the emphasis is on planning and executing only low risk, high potential yield trades or investments and avoiding serious losses at all costs. Packed with richly illustrated examples every step of the way and including additional appendices and references to online resources, the book is the ultimate guide to forex for retail traders and investors seeking to tap forex markets for better currency diversification and income.
The Sensible Guide to Forex is only book that teaches mainstream risk averse investors and traders how to build a portfolio that’s diversified by currency exposure as well as by asset class and sector, via a variety of safer, simpler methods to suit different needs, risk tolerances, and levels of expertise.
Written by Cliff Wachtel, a 30+ year financial market writer, advisor, and analyst, The Sensible Guide to Forex offers practical solutions to the above dilemmas faced by every serious, prudent investor.
A must own for any informed investor-but don’t take out word for it - see advanced reviews at: http://thesensibleguidetoforex.com/review/
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Three MustKnow Forex Facts
Types of Currency Pairs
Their Relationship and Impact on Risk
The Three Facets of Risk and Risk Control
Support and Resistance SR Basics
Day Trading Based on ShortTerm
Pulling It All Together with
A Swing Trade 211 Initial Screening
Distinguishing between Good
Currencies versus Commodities
Identifying Support and Resistance SR to Buy Low Sell
Types of Support
Trends and Trend Lines
These Fibs Dont Lie
Introduction to Western Chart Patterns
The More SR Indicators the Better
Trader Psychology Basics
Leverage and Margin
and Place a Fixed or Trailing Stop Loss Order
Main Fundamental Drivers
Macroeconomic Data and Indicators
Thinking Like a Pro One Step Beyond Technical Analysis
Should You Seek Professional Help?
Trading Made Easier
Using Direct Forex Trades as
Now What? Next Steps
APPENDIX A Recommended Free Online
APPENDIX B How to Calculate Pip Values
Markets Tend to Follow Each Other
APPENDIX G Low Correlations to Other Markets
About the Author
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Eingeschränkte Leseprobe - 2012