THE COMPLETE GUIDE TO CURRENCY TRADING & INVESTING: HOW TO EARN HIGH RATES OF RETURN SAFELY AND TAKE CONTROL OF YOUR INVESTMENTS
- ISBN13: 9781601381194
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
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Product Description
In new years most intelligent investors have exited the batch marketplace and alternative investment areas since they have radically lost carry out of their investments. They have relied on the recommendation and ability of their brokers, bankers, and monetary advisors. Many investment and early retirement accounts have dwindled. Fortunately, there is a smashing but little-understood alternative: banking trade and investing. As with most alternative commercial operation segments, the Internet and technolog… More >>
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Tags: Complete, Control, Currency, Earn, Guide, High, investing, Investments, Rates, Return, Safely, Take, Trading
November 15th, 2009 at 8:33 pm
Well Jamaine has done it again. She has written another book about m.oney. This time we are going to learn about currency trading and investing.
Now the US dollar is the cornerstone of the worlds economy. What we learn from Jamaine’s book is that the euro is now used by 300million people. It is fast becoming a rival.
There is a nice little write up about the G8. Now did you know about the power wheeled by the central bank? When they lower interest rates this makes it easier to borrow m.oney. In turn this stimulates economic growth and consumption.
I’ve learnt that Japan has the world’s second largest economy. Switzerland the 4th largest holder of gold.
The Forex market operates 24hrs a day around the world. The reason for this is there has been an increase in global trade and foreign investment. Forex is a global network of currency dealers.
The Language of Forex, which is found in chapter 4, gives a run down on different terms. Such as:
Base currency
Ticks
Quote currency
Cross currency pairs
Pips
Market order
Limit order
Stop order
She shows how your m.oney can be doubled. Jamaine tells what to look out for and what not to do. There are traps and pitfalls so be careful. Technical analysis is the most used method of making decisions. And always remember, only invest what you can afford to lose.
Rating: 4 / 5
November 15th, 2009 at 10:18 pm
The Complete Guide to Currency Trading & Investing discusses currency trading as well as introduces the reader to currency trading products and markets. This trading guide flows seamlessly from one topic to the next. The manual on trading starts out by describing the major currency markets and electronic trading strategies. Jamaine Burrell gives an excellent description of currency trading fees. The author explains that fundamental analysis and technical trading indicators influence the currency market. A prospective customer can check the firm’s regulatory record with the National Futures Association for trades based in the United States or with foreign regulatory agencies if the trader is based outside the United States.
Each currency trade is based on a pair of currencies that will be traded. The first currency is the currency bought (the bid/buy price) and the second is the currency sold or the ask price). Currency trading is a thinly-regulated, twenty-four hour international securities market. Forex is a very large foreign exchange electronic market. The National Futures Administration overseas the future markets. The role as well as the history of the Commodity Futures Trading Commission and the Fed is described. Foreign regulators are listed and described as well as the types of currency trades that are prevalent in overseas currency markets
The guide describes Forex trading platforms and foreign exchange market conditions. The guide explains how political and economic indicators shape currency markets. The types of trades are defined and described. There are spreads, forwards, options, foreign exchange and swaps. Jamaine Burrell warns the novice currency trader against trading forwards, futures since they are not as closely regulated. These types of currency trades are most frequently associated with fraud. The Complete Guide to Currency Trading & Investing: How to Earn High Rates of Return Safely and Take Control of Your Investments
Rating: 5 / 5
November 15th, 2009 at 10:25 pm
Basic review of the world banking systems and how they function.
Rating: 5 / 5
November 16th, 2009 at 1:22 am
For a novice, I found The Complete Guide to Currency Trading & Investing a good reference book. I would like to have seen a few illustrations to support some of the prose that was a little difficult to follow. For example, illustrations would have helped to better comprehend the descriptions on the symmetrical triangle pattern, flags and pennants pattern.
Rating: 4 / 5
November 16th, 2009 at 4:07 am
The Complete Guide to Currency Trading and Investing is a comprehensive explanation of a difficult subject–trading world currency on the Foreign Exchange Market (FOREX). More than 90 percent of all currency trading involves the U.S. dollar, but other major currencies include Euros, yen, pounds, francs, Canadian dollars, and Australian dollars. The book describes the central banks which can influence the trading market, such as the Federal Reserve, the Bank of England, the European Central Bank, and others. Their major role is to manage interest rates in an effort to control inflation. The book describes the FOREX market, a group of banks which trade either electronically or by telephone. It discusses the expansion of this market because of an increase in global trade and the fluctuation of the U.S. dollar against other currencies. Many unfamiliar terms are associated with the currency market–tranche, peg, free float, dirty float–and the author includes clear definitions. She also describes different types of trading, such as hub and spoke trading, click and deal, and quote trading, as well as types of brokers and how to choose the right one for you. A section of the book is devoted to interpreting and analyzing trends and data with strategies to minimize risk. The book contains extensive appendices, an index, and a reference section, which unfortunately lacks publishing data. This book covers a large amount of material in a clear, concise manner. This is a complicated subject that is hard to explain in one book, but Burrell does an excellent job.
Rating: 5 / 5