Forex: The practice of speculating on exchange rates. Valery Udovenko

Another gift for forex trading enthusiasts, this book is dedicated exclusively to trading on the foreign exchange market.

It can effectively be called a beginner's guide, covering the basics of exchange trading , working with a trading platform, and the fundamentals of technical analysis.

Most importantly, the book covers some practical aspects of forex trading.

At the time of writing, "The Practice of Exchange Rate Speculation" described the latest technologies used in this field.

According to the author, this book is sufficient for self-study of forex trading fundamentals, while deeper skills can only be acquired through practical trading.

The book's content speaks for itself:

1. Basic concepts and definitions – what exchange rates are and how they move, how the forex market functions, its operating hours and basic concepts, as well as the main stock indices.

2. Fundamental Analysis – why it's so important to consider economic and political events, factors that influence exchange rates , and the psychology of decision-making in the Forex market.

3. Metatrader Trading Terminal – a brief guide to working with this program, which is the primary software for opening trades. This includes everything from its appearance and basic features to opening orders.

4. Technical Analysis – a brief introduction to technical analysis, its basic principles, and techniques used to study existing trends. The essence of the graphical and mathematical methods.

5. Capital Management – ​​why you need to use capital management in exchange trading, and modern capital management methods for making exchange trades.

Overall, this is a pretty good textbook; although it's not presented in a simple manner, exchange trading itself is far from simple. The book will be useful for a beginner in the foreign exchange market.

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