Posted by Allison on 13 April 2009, 10:48
The most rapidly moving investment area in the world is also the most potentially profitable investment area in the world, but it is an area few people know much about. Trading in foreign currency can make you a lot of money, but it can also lose a lot of money if you are not careful. The Complete Idiot's Guide to Foreign Currency Trading is an excellent resource to help the novice foreign currency trader understand this amazing marketplace and develop their winning trading strategy.
From abstract to mainstream
Trading in the foreign currency used to be one of the most fringe types of investing out there, reserved only for the huge international banks and corporations who had the resources to devote to this unusual marketplace. It was considered a somewhat abstract area of investment, one that was simply out of reach to the vast majority of investors. Now, however, the secret of foreign currency trading is out to the rest of the world, thanks to changes in technology and the rise of the internet. What was once seen as complex and abstract is now seen as mainstream and potentially quite profitable.
Online access has made it possible for individual investors to take part in the foreign currency exchange market, but many investors are reluctant to take this plunge because they simply don't understand the complexities and workings of this area of investing. The Complete Idiot's Guide to Foreign Currency Trading takes care of all of this, providing clear and easy to understand explanations and examples to help even the most inexperienced trader learn how to participate in the foreign currency exchange trading market.
Where to begin in foreign currency exchange trading
One of the things The Complete Idiot's Guide to Foreign Currency Trading does best is helping to explain the intricacies of the foreign currency exchange market without being overwhelming or confusing to the new trader. It shows you exactly how to get started in the currency market, from where you should begin to where you should end up.
The range of topics in this book is quite broad, making it all too easy for the authors to confuse the reader, but that simply does not happen. Instead, the book covers the range of topics with thorough explanation and in a logical order, each section building upon the one before it to create a solid foundation of knowledge and understanding.
Some of the topics included in The Complete Idiot's Guide to Foreign Currency Trading include:
Additional bonus CDROM
One of the very nice features of The Complete Idiot's Guide to Foreign Currency Trading is the excellent CDROM that is included as a bonus learning tool. It truly is a terrific addition to the book, because it adds to the information contained in the book in a way that is completely interactive.
The CD gives you access to a demonstration version of proprietary trading software from Global Foreign Trading. The software, called Dealbook, lets you actually log on to the Global Foreign Trading web site and use a practice account to experience the world of trading without risking actual money. This is an excellent learning tool, making it easy to go online and experiment with the concepts and suggestions in the book just as you would use them in the real world.
Another nice feature of the CDROM is the way it provides live feed links to the most current trading information available on every foreign currency. This is the same live feed information professional traders access and use on a daily basis, so it really helps you get a feel for what live trading is all about.
When you take into account the incredible amount of information contained in The Complete Idiot's Guide to Foreign Currency Trading as well as the huge benefits that come with the bonus interactive CDROM, it's easy to see why this book is considered one of the best resources available for the novice trader. If you are interested in learning more about the foreign currency exchange market and how it might be a useful investment tool for you, then The Complete Idiot's Guide to Foreign Currency Trading is a “must have” guidebook to have in your resource library.