Currency Trading in the Forex and Futures Markets
Currency trading offers immense potential to stock and futures investors seeking new speculative opportunities. However, there are several ways to trade in currencies, and many unsuspecting traders have been burned by aggressive marketing campaigns and gimmicks luring them into unfavorable trading environments. In this book, best-selling trading author Carley Garner covers everything new currency traders need to know to avoid those pitfalls and start earning big profits. Currency Trading in the Forex and Futures Markets begins by demystifying all the essentials, from quotes and calculations to the unique language of Forex trading. Readers learn all they need to know about choosing trading platforms and brokerage firms; working with leverage; controlling transaction costs; managing liquidity, margins, and risks; and much more. Garner thoroughly explains the currency spot market (Forex); currency futures traded on the Chicago Mercantile Exchange (CME); and currency ETFs. She candidly discusses the advantages and disadvantages of each, cutting through the "smoke and mirrors" often associated with currency trading. Readers will also find a full section on currency market speculation, including a clear introduction to fundamental and seasonal analysis in currency markets. With her guidance, new currency traders can identify the markets and approaches that best fit their objectives, and avoid the pitfalls that have often victimized their predecessors.
Introduction to the World of Currencies 1
Chapter 1: What Is FOREX? 5
Chapter 2: Making "Cents" of Currency Pairs 17
Chapter 3: FX Brokers and the Reality of Transaction Costs 25
Chapter 4: Is FOREX the Currency Casino? 51
Chapter 5: FOREX Trading Quotes and Calculations 59
Chapter 6: What Are Currency Futures? 65
Chapter 7: Calculating in Currency Futures 83
Chapter 8: Currency ETFs Versus FOREX and Futures 97
Chapter 9: Order Types and Choosing a Currency Trading Platform 109
Chapter 10: Currency Options 125
Chapter 11: Currency Market Fundamental 133
Chapter 12: Getting Technical with Currencies 159
Chapter 13: Tips and Tricks for Currency Traders 183
Chapter 14: Currency Lingo 199
Only book to clearly introduce each leading venue for trading currencies, including Forex spot markets, currency futures, and currency ETFs.
- Covers everything new currency traders need to know, from market access and profit calculations to risks and analysis techniques
- Readers learn all they need to know about choosing trading platforms and brokerage firms
- Shows how to avoid aggressive and fraudulent marketing tactics and "smoke and mirrors" that have often been associated with currency markets
Carley Garner is an experienced futures and options broker and co-owner of DeCarley Trading in Las Vegas, Nevada. She is also the author of A Traderís First Book on Commodities and Commodity Options published by FT Press. She has contributed to the FT Press Delivers line of digital products,Insights for the Agile Investor. Her e-newsletters, The DeCarley Perspective, The Stock Index Report, and The Bond Bulletin have garnered a loyal following.
Carley is a Magna Cum Laude graduate of the University of Nevada Las Vegas, where she earned dual bachelorís degrees in Finance and Accounting. She jumped into the options and futures industry with both feet in early 2004 and has become one of the most recognized names in the business.
Throughout her fast-paced career, Carley has been featured in the likes of Stocks & Commodities, Futures, Active Trader, Option Trader, Your Trading Edge, Equities, Expiring Monthly, and Pitnews magazine. Carley is often interviewed by news services, such as Reuters and Dow Jones Newswire, and has been quoted by the Investorís Business Daily and The Wall Street Journal. She has also participated in radio interviews and can be found on the speaking circuit. Carley is also proactive in providing free trading education; for details, visit www.DeCarleyTrading.com.