Forex, let's face it, can be confusing. What's all that stuff about "lots" and "pips" mean?
And you "control" $100,000 of currency with your trade? You had better know what you are doing!
Forex - A Newbies' Guide tells you in straightforward terms just what the Forex market is about, as practiced by thousands of traders around the world. It's written so that you can understand, and it points out the many pitfalls, as well as explaining the advantages of Forex trading over conventional investing.
Forget jargon-laden study guides, and finally find out how it all works.
This book assumes no prior knowledge of the foreign exchange market, and starting at the beginning explains what it is about, and goes on to tell you how you can take part in it. You will find out: -
how the currency markets operate
what to watch out for online - you could be duped!
tips and tricks of technical analysis
the fundamental market movers
potential problems with your approach to money
types of orders and their consequences
ways to escape with a profit
how to put together a plan
Northcott is a best-selling financial author and has specialized for years in providing easily understandable information on financial topics for beginners. "Forex - A Newbies Guide" was the first to be published in the Newbies Guides to Finance series.
Here's what reviewers are saying about Newbies Guide to Forex:
"For anyone who's even thought about Forex and didn't know where to start, I can't imagine any newbie Forex book being more helpful than this."
"By the time I finished this book, I'd learned a lot. Oh, I'm sure I'm phrasing a few things in newbie-ish terms in this review, but that's okay. I've only read this book once. This is a book I'll re-read at least twice more, and get a better grasp of Forex, each time. On the first reading, this book unraveled many concepts that had baffled me, before." -Aisling D'Art