Simple enough for a novice but challenging enough for an experienced investor, Forex DeMYSTiFieD helps youmake the most of your money while keeping it out of harm's way.

Introduction xiiiChapter 1 Introduction to Forex 1How Is Money Made on a Forex Trade? 2What It Means to Trade Currencies 4Using Leverage and Gearing While Trading Forex 7Higher Leverage Amounts than Stock Trading 8The History of Forex 11A Quick Background of Economic and Financial Policy 14Today's Economic Climate 15Quiz 18Chapter 2 Getting Ready to Trade 21Learning to Deal with the Emotions of Trading 22The Time Commitment to Forex Trading 23Risk Tolerance 24Available Funds 25Can You Work Alone? 26Like-Minded Traders and Other Support Groups 28Backup Plan 31Listening to the Market 32The Emotional Market 36Economic News Days 39Quiz 41Chapter 3 How to Navigate the Online World of Forex Trading 43Short- and Long-Term Perspectives 44Trading Software 45Building a Position by Pyramiding 52Quiz 54Chapter 4 Currency Trading and Overall Investing: Will FX Fit MyInvesting Goals? 57Meeting Your Objectives with Different Trading Styles 58The Right FX Account for Your Style 59The Elements of FX Risk 59Forex Trading and Your Overall Portfolio of Assets 62FX Trading: Profit or Income 65High-Risk/High-Return Forex Trading 76Aggressive Forex Trading 80Developing Countries/Exotic Currencies 83Building Up Forex Trading Confidence 88Quiz 92Chapter 5 More Tips on Forex Trading 95Diversification Is Critical 96Dismantling a Profitable Trade 98Keeping the Profits Rolling 100Buying into Long-Term Trends 103Playing the Interest Rate Differentials 104When the Market Corrects 106Automated Forex Trading Systems 107Quiz 111Chapter 6 Using Research for Better Forex Trading 113Fundamental Research 101 114Interest Rates and Forex Trading 118Technical Analysis 123The Basics of Technical Indicators 124Timing Trades with Moving Averages 134Support/Resistance Indicators 137Quiz 141Chapter 7 How to Make Trading Ideas Work 143Enhance Your Existing Income with FX 144Conservative Investing and T-Bills 145Taking the Demo Account Out for a FX Test Drive 148Living the FX Trading Lifestyle 149Paying the IRS 152Working Solution for Your Currency Trading Program 152Forex and Financial Independence 159Quiz 162Chapter 8 How to Look for Good Forex Setups 165Diverse News Determines Different FX Pairs 166A Scenario for Evolving News 167The Market Always Reacts 169Use a Trading Calendar 171Trade with the News 173FX and the Herd Instinct 183Putting Everything Together and In Order 186Quiz 196Chapter 9 Forex in the Corporate Environment 199Using Forex Futures 200Foreign Exchange Risk Hedges Made with Options 205Quiz 208Final Exam 211Answers to Quizzes and Final Exam 227Glossary 229Index 235