Book description
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 word for it -
see advanced reviews at: http://thesensibleguidetoforex. com/review/
Cliff Wachtel, CPA, is the Chief Market Analyst for anyoption.
com, Director of Market Research, New Media and Training for
caesartrade. com, and publisher of thesensibleguidetoforex. com. For
more details on the author, visit the About page.
