Currency Trading: Winning in Today's Hottest Marketplace

by Michael Duane Archer and James Lauren Bickford

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...

• Format: Paperback
• Language: English
• ISBN: 0471713031
• ISBN13: 9780471713036
• Release Date: May 2005
• Publisher: John Wiley & Sons
• Length: 191 Pages
• Weight: 0.60 lbs.
• Dimensions: 0.6" x 6.1" x 9.2"

Customer Reviews

Good primer on the forex market

I purchased this book because I wanted a primer on the forex market and trading concepts used in that market. This book provides an overview of the forex market, which includes a brief history, the mechanics of trading, and an overview of fundamental and techinical analysis. While this book does not delve deeply into forex, it does serve as an excellent primer and thus lives up to its title of "Getting Started."

The Best Bang for the Buck

This book is perhaps the best introduction for the novice currency trader. Each chapter in the book is short, very straightforward, easily digestible, and full of information. I also like the cautionary attitude the writers of the book have: they warn you about leverage, [...], and illusions of making easy money. This book should be the first book you purchase and read thoroughly if you are interested in online currency trading. However, you will have to find other books and references once you start (or rather before you start) trading online to gain more knowledge. More experienced traders (in stocks, options, etc.) will find this book less valuable but this is a little gem for an absolute beginner.

All The Fundamentals

It clearly explains the currency market, how it works, how to get a free practice account and great websites to check out. For trading strategies you need to research elsewhere or invent them yourself.

Concise "big picture" book

This book is perfect for getting the big picture view of forex trading. It's perfectly titled "Getting Started in Currency Trading". The chapters are concisely written with clear examples that are not cluttered up with useless stories. This book made it easy for me to plan the steps necessary to start trading. What this book WILL NOT do for you: 1. Give you a step by step methodology for trading What this book WILL do for you: 1. Make you aware of the main points to keep in mind with trading currencies. 2. Tell you exactly where to look for more information 3. Will not overwhelm you with tons of nuances and indicators 4. Give you a thorough understanding of money management 5. Allow you to make a detailed checklist of what needs to be in place before you put in your first trade. Hope this helps.

Great Foundation Builder

This book is an excellent resource to build a foundation about the FOREX market. I read several books and articles about the FOREX market but this book gave me the best understanding about currency trading. If you don't know anything about currency trading, this book has the resources in it to give you the basic about FOREX. I would recommend "Getting Started in Currency Trading" by Michael Archer to all beginners. I am a beginner to the FOREX market and beleive that I will be very success as a Currency trader with the foundation information in this book. I am ready to open a demo account and test the FOREX market without risking any money. Michael's book tells you how to do this plus recommend you open a demo account to practice before jumping into the currency market with your money at risk.