Question by BritPatriot: Recommend currency trading books for beginners?
I’ve always been interested in the foreign exchange markets and I want to learn more before getting into it. The problem is that whenever I come across a book for beginners, the reviews are so conflicting that I don’t want to take the risk of reading it and confusing myself. Are there any books available that is considered to be the standard for currency trading? Ones that don’t favor certain companies and business; just a basic straight-forward introduction on foreign exchange and getting started.
Best answer:
Answer by Alby
The Forex Market is nothing more than a 24/7/365 game of craps. The market moves up or down without rhyme or reason. Now there are fundamental reasons like nations raising or lowering interest rates or going belly up (ie: Iceland), but in the normal day to day trading, its a crap shoot.
In my opinion, the investing based on fundamentals is the only sound strategy. And if that is the case, it only makes sense to trade currency futures via the CME than trading individual currencies in the forex market.
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you may browse though the Info Center in this site. they have straighforward definitions, articles and FAQ on forex trading. and you may download a free forex ebook and a free demo account as well. all the best.
Trading currency is basically the same as trading any other market, the basics are the same if you use technical analysis to pick entries and exits.
Elliott Wave Analysis is a very useful form of technical analysis that I use on nearly every trade.
I also have a Free eBook available to download…
‘Elliott Wave Theory – Quick Start Guide’….that covers all the basics.
A wide range of eBooks, reports, videos, tutorials etc for learning about all aspect of currency analysis is available completely free from the largest market forecasting service in the world when you sign up for their free Club Membership.
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