Currency trading can be profitable or perilousdepending upon your expertise as a trader. In this no-nonsense guide, you'll learn the basics of currency investing, from global macroeconomics to technical analysis, as well as many of the strategies that successful traders use. As you develop key skills, like buying ETFs and back-testing trades, you'll learn everything you need to succeed in this tumultuous world, including:
What goes on behind the scenes in the market
How to evaluate currency pairs and look for big opportunities
Which kind of technical analyses workand why
How to minimize risk through hedging with "safe" currencies
With unique trading strategies designed for investors at various levels of budget and risk, The Everything Guide to Currency Trading is all you need to cash in on the ever-expanding Forex market, no matter how new you are to the challenging game of currency trading.
David Borman has been involved in the financial markets and trading since 1999. He has professionally worked at Deutsche Bank, Merrill Lynch, TCM Custom House, Morgan Stanley, and Phillip Capital. He has been exposed to the trading and day trading of mutual funds, stocks, ETFs, Leveraged ETFs, Commodities, and Derivatives. He has worked right alongside the Risk Management Desk of a Singapore Based Futures Commission Merchant, where fifty million dollar margin calls were a daily occurrence. Within his own account, he has traded extensively using ETFs, precious metals, and currencies. He holds a BS in finance from Southern Illinois University, and a masters in accounting from DePaul University, and is working on his PhD in financial management from Northcentral University. When not trading, David finds the time shop for treasures at local antique shops. He is the author of Day Trading 101.