As forex's popularity increases to unprecedented levels, people around the world
are considering its potential. There are many reasons for its popularity. First, we are truly
in an online revolution, powered by the globalization of the Internet. From your
desktop–whether at home, an airport, or at an Internet caf´e–you can actually trade any
of the world's currencies. The implications are profound. People can be liberated from
the confines of one's economy and engage in a new profession–forex trading.
In response to forex's popularity, many new trading firms and training firms have arisen
to supply services to this new group of aspiring forex traders. The result has been a
cacophony of information overload, instant gurus, and instant trading solutions that
appeal to those looking for shortcuts to success. These programs essentially confuse
people and divert them from a realistic approach to training in forex trading. This book is
written for the purpose of providing a getting started guide in forex trading. It is also for
those who have experience in trading other markets and seek to apply that experience to
forex. They will be able to build upon their experience and gain new insights into how to
approach forex. Those who have achieved a level of initial success but seek to optimize
their performance will find training strategies and tactics particularly useful. The
underlying premise of this book is that traders are not born–they evolve. Our goal is to
sharpen the insights and the skills of the reader by providing both fundamental and
technical knowledge that are common to successful traders. An underlying philosophy of
this book is that successful forex trading requires a total approach that integrates
fundamentals, technical analysis, and psychology. The book is organized as a self-paced
sourcebook. Each chapter topic is in essence a module of knowledge, which can be read
individually or sequentially.
Ultimately, all knowledge needs to be actionable. It is my hope that experience of trying
forex trading is enhanced by this book and that forex trading becomes a journey which is
enjoyable for its enormous challenges and more profitable than it otherwise would be.
