FXstreet. Com's 2013 Best Book Award!
The Sensible Guide to Forex: Safer, Smarter Ways to Survive
and Prosper from the Start is written for the risk averse,
mainstream retail investor or trader seeking a more effective way
to tap forex markets to improve returns and hedge currency risk. As
the most widely held currencies are being devalued, they're taking
your portfolio down with them--unless you're prepared.
For traders, the book focuses on reducing the high risk,
complexity, and time demands normally associated with forex
trading.
For long-term investors, it concentrates on how to hedge
currency risk by diversifying portfolios into the strongest
currencies for lower risk and higher capital gains and income.
The usual forex materials don't provide practical answers for
most retail traders or longer term investors. Virtually all
forex trading materials focus on time-consuming,
high-leverage, high-risk methods at which most traders fail.
Materials about long-term investing in foreign
assets rarely take into account the prospects of the related
currency. A falling currency can turn an otherwise good investment
into a bad one.
Throughout the book, the emphasis is on planning and executing
only low risk, high potential yield trades or investments and
avoiding serious losses at all costs. Packed with richly
illustrated examples every step of the way and including additional
appendices and references to online resources, the book is the
ultimate guide to forex for retail traders and investors seeking to
tap forex markets for better currency diversification and
income.
* Provides traders with safer, smarter, less complex and
time-consuming ways to trade forex with higher odds of success.
These include the use of such increasingly popular new instruments
like forex binary options and social trading accounts that mimic
expert traders.
* Shows investors how to identify the currencies most likely to
hold or increase their value, and provides a wealth of ideas about
how to apply that knowledge to a long-term, low-maintenance
portfolio for both income and capital appreciation.
* Helps anyone seeking an asset class with low correlation to
other markets by explaining how the very nature of forex markets
means that regardless of market conditions there's always a
playable trend somewhere, regardless of what other asset markets
are doing, and how to find and exploit it for a short-term trade or
a long-term investment in a currency pair, stock, bond, or other
asset
The Sensible Guide to Forex is only book that teaches
mainstream risk averse investors and traders how to build a
portfolio that's diversified by currency exposure as well as
by asset class and sector, via a variety of safer, simpler methods
to suit different needs, risk tolerances, and levels of
expertise.
Written by Cliff Wachtel, a 30+ year financial market writer,
advisor, and analyst, The Sensible Guide to
Forex offers practical solutions to the above dilemmas
faced by every serious, prudent investor.
A must own for any informed investor-but don't take out
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