Getting Started in Currency Trading - Winning in Todays 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. You’ll walk through the physical process of placing and liquidating currency orders. Later chapters introduce various trading strategies and tactics in detail, along with some fundamental and technical analysis that will help you win in the exploding foreign exchange trading market.

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.

What this book CAN NOT do for you:

1. Give you a step by step methodology for trading

What this book CAN 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.

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.

I always tell people don’t expect to get one book and read it back to back, just pick what you like from it…