While the Foreign Exchange (FOREX) market can be a very profitable place, you must have a firm understanding of how to operate within this environment if you intend on achieving any success. That's why you need Getting Started in Currency Trading, Second Edition. This reliable resource-written for both newcomers and those with some FOREX experience-puts trading world currencies in perspective, and shows you exactly what it takes to make it in this field. Topics include:

• The rapidly expanding and evolving online trading marketplace for spot currencies, generally referred to as retail FOREX



• The process of initiating and liquidating a live market order



• The advantages and disadvantages of fundamental and technical analysis



• The wealth of FOREX products and services now available from third-party vendors



• The psychology of trading and the stresses that may accompany this endeavor



• Advanced strategies such as options, exotics, and arbitrage