Getting Started in Currency Trading: Winning in Today's Hottest Marketplace

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John Wiley & Sons, Jun 3, 2005 - Business & Economics - 256 pages
3 Reviews
Getting Started in Currency Trading is both an introduction and reference tool for beginning and intermediate foreign exchange (Forex) traders. This information-packed resource opens with a description of the Forex market and a section of clearly defined Forex terms with examples. You'll learn how to open your own trading account by following step-by-step instructions and numerous screen shots that show you what expect inside a dealer's trading platform. You'll walk through the physical process of placing and liquidating currency orders. Later chapters introduce various trading strategies and tactics in detail, along with some fundamental and technical analysis that will help you win in the exploding foreign exchange trading market.

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I read the book cover to cover in two sittings. Easy to read and is worth the time for people looking for general knowledge. I recommend this book for someone who is preparing to go on a first date with a trader and they want to have some intelligent conversation. This book does not give you any concrete strategies on how to create a profitable trading account. A few good nuggets made this book worth the read, but it won't be on my list of must reads. 

Selected pages


Part 2 What Every Trader Must Know
Part 3 How to Beat the Market Maybe
Part 4 The Business of Trading
Appendix A List of World Currencies and Symbols
Appendix B Exchange Rates
Appendix C Euro Currency Unit
Appendix D Time Zones and Global Banking Hours
Appendix E Central Banks and Regulatory Agencies
Appendix F Resources
About the Authors

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About the author (2005)

Michael Duane Archer (Golden, CO) has been an active commodity futures and Forex trader for over thirty years. He has also worked in various advisory capacities, notably as a Commodity Trading Advisor and SEC registered Investment Advisor. He is currently CEO of CommTools, Inc., a think-tank focusing on cellular automata and complexity theory market forecasting solutions.

Jim L. Bickford is a twenty-seven-year software engineering veteran, technical analyst, and a very active FOREX day trader with an academic background in applied mathematics and statistics. He has numerous books to his credit and recently published Chart Plotting Algorithms for Technical Analysts.

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