Introducing Forex for 'dummies'

23 Aug 2007

GAIN Capital Group, LLC, Foreign Exchange (Forex) trading and services provider for institutional and individual investors, has announced the release of Currency Trading For Dummies; a new book that blends the basics of the Forex market with tactical trading and risk management techniques for the growing number of individual investors interested in trading the global Forex market.

Currency Trading For Dummies®, part of Wiley Publishing's global reference series is co-authored by Mark Galant, founder of GAIN Capital Group, a pioneer within the online Forex industry and Brian Dolan, Chief Currency Strategist at FOREX.com, the retail division of GAIN Capital Group and 18-year veteran of the Forex market. The book aims to help readers move up the forex learning curve faster with trader-to-trader insights from two currency market veterans.

"Interest in the Forex market from retail investors is at an all-time high," Galant. "With more than 100,000 retail investors each month registering for a practice account on FOREX.com, it's clear that investors are actively looking for ways to profit from this market and to learn strategies and techniques to increase their trading success in Forex."

Currency Trading For Dummies is written for both experienced traders looking to expand into forex as well as novice investors with no prior trading experience.

Newcomers to trading and the Forex market will learn:

The mechanics of Forex margin trading, including types of orders, profit and loss calculations, and quoting conventions
Which fundamental factors drive forex rates and which economic data reports are most significant
How to apply basic technical analysis strategies to identify trading opportunities
The principles of a risk-aware trading plan designed to protect profits and minimize losses

Experienced traders can use the book to:

Learn how currencies intersect with other financial markets, such as stocks, bonds, gold and oil, to identify more trading opportunities
Get inside the trading dynamics of individual currency pairs and learn why trading USD/JPY is not the same as EUR/USD
Become skilled at identifying significant market reversals using Candlestick charting patterns and momentum analysis

Like all For Dummies® books, Currency Trading For Dummies concludes with "The Part of Tens", including "Ten Habits of Successful Currency Traders", "Ten Beginner Trading Mistakes", and "Ten Rules of Risk Management". A helpful "Cheat Sheet" in the front of the book summarises the key questions to ask when choosing a broker, the best places to turn for currency news and data, and the key points to bear in mind when trading on the so-called "fundamentals".

For more information, visit: www.forex.com.

Source: eMediaWire.com