Chapter 1: Introducing Forex
1.1 - Scope and Purpose
This book is the first of a trilogy. The full set comprises the following titles:
Book 1: FOREX Frontiers: The Essentials of Currency Trading
Book 2: FOREX Frontiers: Proven Strategies for Success
Book 3: FOREX Frontiers: What the Pros Won't Tell You
Book 1: FOREX Frontiers: The Essentials of Currency Trading is basicaly aimed a Forex novices and introduces all the main concepts of this subject in an easy-to-follow style.
Book 2: FOREX Frontiers: Proven Strategies for Success will then progress your knowledge further by introducing intermediary concepts. In particular, it will discuss the pros and cons of a number of Forex trading strategies in depth.
Book 3: FOREX Frontiers: What the Pros Won't Tell You is intended to help you develop your mindset to that of professional traders by expanding the concepts presented in the first two books. In particular, you will be introduced to Forex ideas and strategies that will enable you to maximize your Forex earnings.
Forex is the common abbreviation for the FOReign EXchange Market which is used by its participants to trade different currency pairs, e.g. EUR/USD and USD/YEN. You can readily access this vibrant market by employing the facilities and services of one of the many existing Forex brokers.
You may also be aware that Forex is heavily promoted by extensive marketing campaigns emphasizing how easy it will be for you to make a living, if not a fortune, from trading Forex. However, you must realize from the outset that Forex is a complex subject and trading it successfully is by no means a forgone conclusion.
Special Note: As you proceed through this book, you will encounter some specialized terms preceding numbers in square brackets. Refer to the reference section at the end of this book for further reading.