Forex Trading: The Fundamentals of Forex Trading, (Paperback)

If you're eager to learn about Foreign Exchange Market trading but fear that jargon and complex trading concepts might prove too difficult to understand, Forex Trading. The Fundamentals of Forex Trading, is an ideal starting point for acquiring the knowledge you need to succeed. Forex Trading explains what FOREX (the nickname for the foreign exchange market) is and how it works in plain English. Alan Thompson breaks down complex information regarding stock market trends, currency conversion, statistics and trade jargon so that stock market novices can more knowledgeably manage the stock market's inherent challenges and risks. Thompson defines and explains long and short selling, stop orders, and options for shielding your investments when there is a threat of dramatic loss. While skillfully teaching readers how to minimize risk, Thompson tempers his suggestions with this warning: "There is always a cloud hanging over your head waiting to burst, and all it takes is one little pinprick. You must always exercise caution, though the idea of playing the stock market entails danger and excitement inherently." Every field has its own language, and Forex trading is no exception. Thompson defines and explains terms such as jobbers, yards, open and shut, and other stock trading essentials. Once the fundamentals are covered, Thompson delves into ways to use your newly acquired knowledge by explaining the pros and cons of specific stock market careers and trading options. Like all good teachers, Thompson provides a general review and handy summation of key points for future reference. When you've finished reading Forex Trading you will feel as if you've completed a crash course in foreign exchange market trading fundamentals--making it so much easier to master more complex readings on the topic as the need arises in the future.