FOREX TRADING: SFO PERSONAL INVESTOR SERIES
SFO Personal Investor Series: Forex Trading
“Trading forex is completely different from trading other markets. With low entry costs, 24-hour accessibility, global players and high degrees of leverage, there are enormous opportunities but also very real potential hazards along the way if you don’t know what you’re doing. Leverage can work both ways—you control large positions, but small moves in your favor can mean big returns on your investment. For these reasons, we thought forex trading deserved its own volume, devoted entirely to SFO articles explaining the ins and outs of currency trading.
Forex traders don’t need to follow hundreds of stocks or commodities to get a flavor for the market—just the movements of eight major currencies: the U.S. dollar, Japanese yen, European Union euro, British pound, Canadian dollar, Australian dollar, New Zealand dollar and Swiss franc. Trading a country’s currency is like trading the outlook for the country, so it helps to have a bit of fundamental knowledge. But it’s also a highly technical form of trading. We’ll help you assess how to best synthesize your forex strategies to make the most of market movements.”
In chapter 23, Ripple Effect Looms Large in FX Markets, Louis B. Mendelsohn discusses the need for foreign currency traders worldwide to understand that today’s financial markets are globally intertwined and the fact that they should not be examined in isolation from one another.
Go here to read the entire chapter by Mendelsohn: Download PDF