The first edition of "Currency Trading for Dummies' was published in and with the intervening four years, a roller coaster ride for investors, this new second edition can not come at a more convenient time. The version had two authors, Brian Dolan and Mark Galant, now Dolan remains as the sole author/5() 2. · Currency Trading For Dummies is a hands-on, user-friendly guide that explains how the foreign exchange (ForEx) market works and how you can become a part of it. Currency trading has many benefits, but it also has fast-changing financial-trading blogger.com: Wiley Mark Galant and Brian Dolan, Currency Trading for Dummies (Wiley, ) The main point I learned from the pages of Currency Trading for Dummies I managed to get through before the library requested it back was this: if you don't believe in leverage, you need a lot of money to trade currency as the authors describe/5()
Currency Trading for Dummies Brian Dolan - Download PDF
Goodreads helps you keep track of books you want to read. Want to Read saving…. Want to Read Currently Reading Read. Other editions. Enlarge cover. Error rating book. Refresh and try again. Open Preview See a Problem? Details if other :. Thanks for telling us about the problem. Return to Book Page. Preview — Currency Trading for Dummies by Brian Dolan. Currency Trading for Dummies by Brian Dolan. Mark Galant. Features forex market guidelines and sample trading plans The fun and easy way to get started in currency trading Want to capitalize on the growing forex market?
This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using l Features forex market guidelines and sample trading plans The fun and easy way to get started in currency trading Want to capitalize on the currency trading for dummies brian dolan forex market?
It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis. Identify trading opportunities Understand what drives the market Choose a trading broker Execute a successful trade Minimize risk and maximize profit Analyze currency charts Get A Copy.
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Community Reviews. Showing Average rating 3. Rating details. More filters. Sort order. Start your review of Currency Trading for Dummies. Feb 12, Chris rated it it was amazing · review of another edition. This is an excellent first book for those interested in currency trading. This was my first foray into the subject and the authors do a great job with explaining the fundamentals of the forex market and trading currencies. What I particularly found helpful was the explanation of the major currency pairs and the particular intricacies of trading each.
The authors also include a basic primer on technical analysis as it pertains to currency trading. However, what may be most benificial is the discu This is an excellent first book for those interested in currency trading.
However, what may be most benificial is the discussions on developing and executing a trading plan, currency trading for dummies brian dolan. Overall an excellent book for those new to forex.
flag 4 likes · Like · see review. Dec 17, Anoop Dixith rated it really liked it. As an active trader of options, currency trading for dummies brian dolan, futures, stocks, and crypto, I have been meaning to foray into forex trading currency trading for dummies brian dolan a while now. Besides, most of us have been unintentionally following the growth or decline of at least two currencies, some even more, and noticed how they could be a viable investment vehicle.
For example, INR was at 40 units per dollar ten years ago, and now stands around And if you track the currencie As an active trader of options, currency trading for dummies brian dolan, futures, stocks, and crypto, I have been meaning to foray into forex trading for a while now. And if you track the currencies of weaker economies, you see the returns of even better. An even better motivation personally is the fact that some of the biggest shorted trades in history have been those of currencies.
Obviously, the one that immediately comes to mind is the iconic shorting of British Pound by the legendary investor Soros netting almost three billion pound. Cornwall Capital of The Big Short fame also profited immensely with shorting Australian Dollar before it killed it with the subprime mortgage Currency trading for dummies brian dolan. Those are just two of a ton of forex successes.
The point being that despite the fact that volatility in the forex market is barely observable, some of the most lucrative trades of Wall Street hedge funds have been that of forex.
Thirdly, the forex market is barely moved by global economic downturns. Even during the Great Recession offorex barely moved. This makes it an amazing hedging tool for your investments. With all that prelude, I must say I was dearly disappointed to understand that my idea of forex was completely wrong after reading this book.
But before we get into the content, let me give a shout out to the authors for writing a very balanced book on this trade. It tells you what is and what is not about the market, but cautiously stops short of advising you what you must and must not do. This was my first "X for Dummies" book and I must say their format is pretty impressive.
With "warning signs", "tips", "remembers", "technical points" etc sort of annotations, Dummies series of books could easily become an online "Social Reader" platform. Authors of the book, Kathleen Brooks and Brian Dolan seem highly accomplished in this business and have been involved with both Forex.
com and Gain Capital for many years. First and foremost, a bulk of forex trading is short term, unlike what I had assumed all through. In fact, it's not even short-term, it's super short-term. Traders do a plethora of short trades in a small span of time, and because of the relatively small changes in the Forex market, these trades are generally mammoth, in terms of several millions to billions of dollars.
With trades that big, even minor fluctuations have a drastic impact on your portfolio. Unlike the stock market where when you buy a stock, you are currency trading for dummies brian dolan buying an asset, in forex, you buy a "pair". So, when you say a stock goes up, it's absolute.
But when you say a currency goes up, the question is it's going up against what? This basic idea sets the forex market completely apart from the stock or futures market because in this, selling a pair short is as prevalent as selling it long. Thus, interest on your margin account, or currency trading for dummies brian dolan gain on your holding becomes a lot more central.
The book does a great job of diving into the evolution of the FX market all the way from the time of Reutors Dialing to the modern online platforms like Onada, Forex. com, Saxo etc. But my favorite parts of the book include 1. the reasoning behind Australian Dollar so closely dependent on Chinese Yuan, 2.
the illiquid Chinese Yuan and the government's hold on it, 3. the impact of the interest rate on the currency market interest rate is the single biggest influencing factor, akin to location in real estate market 4. the impact of major economic reports like NPR non-farm payrollslabor report unemployment etc A lot of strategies mentioned in the book are generally applicable to stocks and options as well, but it still does a good job of explaining technical analysis procedures like Fibonacci Tracing, currency trading for dummies brian dolan, Japanese Candlestick graphs etc.
My only missing element of the book and of probably all Dummies book is that it's missing the "motivation" section as to why the reader should read the book. Some success stories or case-studies briefly mentioned in the introduction of the book would immensely inspire the reader. There are still a few questions in my mind that need answering. Some of the nitty-gritties of trading Ruble, about the illiquidity of Yuan, about using emerging market currencies for long term hedging etc.
But I believe they were mostly out of scope of this book. Overall, a decent book, tells the story. Not preachy yet informative. I already stepped in the mud after reading this book and lost a bit investing in South African Rand! flag 1 like · Like · see review. Feb 11, Adam rated it it was amazing. A great book to get yourself introduced to the FOREX market. It's written in very understandable way that makes people not familiar with any financial markets to understand it easily.
If you are being interested in trading on FOREX, this book is definitely a great position to start with.
Forex Trading For Beginners (Full Course)
, time: 1:12:34Currency Trading for Dummies by Brian Dolan
The first edition of "Currency Trading for Dummies' was published in and with the intervening four years, a roller coaster ride for investors, this new second edition can not come at a more convenient time. The version had two authors, Brian Dolan and Mark Galant, now Dolan remains as the sole author/5() Currency Trading For Dummies Paperback – July 5 by Brian Dolan (Author) › Visit Amazon's Brian Dolan page. Find all the books, read about the author and more. search results for this author. Brian Dolan (Author) out of 5 stars 73 ratings. See all /5(73) Note: If you're looking for a free download links of Currency Trading For Dummies Pdf, epub, docx and torrent then this site is not for you. blogger.com only do ebook promotions online and we does not distribute any free download of ebook on this site
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