Currency dealing, or how you can earn money honestly and independently. Safonov V. S.
Recently, the phrase dealing center is often perceived in a negative way, although dealing itself only denotes a type of commercial transaction.
Accordingly, currency dealing involves concluding transactions with currencies on the Forex market; these operations are now the most popular trading option.
There are quite a few books about Forex trading, each of which solves certain problems; today we will get acquainted with a book for beginners.
“Currency dealing, or how you can earn money honestly and independently,” written by V.S. Safonov, is a manual for a novice trader.
And although twenty years have passed since the publication of the publication, many aspects described here still remain relevant.
Contents of main chapters:
Chapter 1 - why you need to earn money, so to speak, the psychological basis justifying the morality of this activity.
Chapter 2 – What is the global foreign exchange market, qualification of currencies by popularity and convertibility, Forex transactions and participants in the foreign exchange market.
Chapter 3 – the main principles of how to make even more money with money, technologies that banks and dealers use in their work.
Chapter 4 – what is needed to become a successful trader and who can play on the foreign exchange market.
Chapter 5 – time arbitrage as the basis for making money on currency speculation, currency quotes, operations, financial result.
Chapter 6 – information sources used in currency trading and the rules for their use in trading.
Chapter 7 – Fundamentals of Risk and Capital Management. Risk diversification and important economic aspects.
Chapter 8 – what influences the formation of the current price, macroeconomic indicators, market sentiment, psychological factors as an integral component of successful work.
Chapter 9 - How to use market analysis to predict future prices. Basics of fundamental and technical analysis.
Chapter 10 – basic trading techniques that can now be found in stock trading. Description of the most popular strategy options.
Chapter 11 – creating your own trading system, basic principles of construction and main requirements for the structure.
Despite the fact that the book was written 20 years ago, it has not lost its relevance; it contains basic trading basics helping a beginner quickly understand the essence of the process.
Download the book Currency Dealing
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