Download Trading Forex: What Investors Need to Know booklet for free. This Forex guide is available in PDF format and you can download the booklet in USA.gov publications. Here is your chance to get important information about trading forex. This booklet is a free publication of National Futures Association.
The Trading Forex: What Investors Need to Know booklet was released on 2010 consist of 23 pages by the National Futures Association that provides useful information about the things to consider before you invest in the off-exchange foreign currency market.
Information Trading Forex: What Investors Need to Know
Publisher: National Futures Association
300 S. Riverside Plaza
Suite 1800
Chicago, IL 60606
Website: www.nfa.futures.org
Phone: 800-621-3570 | 312-781-1410
Putting money in currency market can become profitable if the trader is skillful. Trading Forex is very risky (risks are explained in the booklet). Before you trade Forex, there are lot of important things you need to know such as;
Understanding Trading Forex: What Investors Need to Know
This booklet will give you excellent answers for the following important Forex trading questions;
- What are foreign currency exchange rates?
- How can I trade foreign currency exchange rates?
- How does the off-exchange currency market work?
- How are foreign currencies quoted and priced?
- What transaction costs will I pay?
- How do I close out a trade?
- How do I calculate profits and losses?
- How much money do I need to trade forex?
- Who regulates off-exchange foreign currency trading?
- How can I learn more about the firms and individuals with whom I am trading?
- What are my rights and obligations?
- What should I do if I have a problem with my forex account?
The Risks Accompanied in Trading Forex
The market could move against you.
You could lose your entire investment.
You are relying on the dealer’s creditworthiness and reputation.
There is no central marketplace.
The trading system could break down. ( I agree that trading forex will become very risky because of the software used by the Forex broker).
You could be a victim of fraud. (This is true because I sometimes received a promotional Trading Forex related offers in my email. We also see Forex offers in social media, how can we know if these websites are legit?).
Source:
- http://publications.usa.gov/USAPubs.php?PubID=303
- https://www.nfa.futures.org
The last part is very important. It can give you an idea about the “terminologies” used when trading forex like the word ask, base currency, bid, counterparty, cross-rate, currency paid, dealer, forward transaction, margin, offer, position, pip, rollover, quote currency, etc.
If you want to trade Forex successfully you need to equip yourself a lot of knowledge and useful information. This little booklet might help. Download this Trading Forex booklet, print it and read it over and over.
This Trading Forex: What Investors Need to Know booklet is very important for beginner investor. If you are planning to trade currency and make money, it is advisable to read this booklet and get informed about investing in the currency market.