Forex Made Simple: A Beginners Guide to Foreign Exchange Success

Forex Made Simple is the essential guide for anyone who wants to make money trading foreign exchange, without all the fuss.

You don′t need to be a financial wizard or spend all day glued to a computer screen to trade forex profitably. Including the information you need to know (and nothing more), this book provides straightforward strategies anyone can use no expensive broker required!

Inside you′ll find information on:

currencies and economies

types of forex markets

retail forex dealers and market makers

placing trades

economic indicators and events that affect exchange rates

money and risk management.

If you′re ready to take the plunge into the forex market and maximise your success without all the stress, this is the book for you.

About the author v

Acknowledgements vii

Preface ix

1 History of foreign exchange 1

2 Major currencies, economies and central banks 19

3 The foreign exchange markets and major participants 53

4 Retail forex dealers and market makers 75

5 The mechanics of trading forex 95

6 How to place a forex trade 121

7 Currency futures 133

8 Macro economics and how it affects forex 159

9 Money management for forex 193

Glossary 215

Index 231

Kel Butcher is a financial markets trader with almost 20 years′ experience trading shares, futures, options, warrants and CFDs. He is the director of KD Trading Systems, specialising in providing futures and forex trading systems that work and deliver positive returns to traders. Kel is the author of A Step–by–Step Guide to Buying and Selling Shares Online and 20 Most Common Trading Mistakes and How You Can Avoid Them.