Interest in the Forex market from retail investors is at an all-time high
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Bedminster, NJ (PRWEB) August 16, 2007
GAIN Capital Group, LLC, a leading provider of Foreign Exchange (Forex) trading and services for institutional and individual investors, today announced the release of Currency Trading For Dummies,® a new book that blends the basics of the Forex market with tactical trading and risk management techniques for the growing number of individual investors interested in trading the global Forex market.
Currency Trading For Dummies®, part of Wiley Publishing’s global reference series is co-authored by Mark Galant, founder of GAIN Capital Group, a pioneer within the online Forex industry and Brian Dolan, Chief Currency Strategist at FOREX.com, the retail division of GAIN Capital Group and 18-year veteran of the Forex market. Currency Trading For Dummies® aims to help readers move up the forex learning curve faster with trader-to-trader insights from two currency market veterans.
“Interest in the Forex market from retail investors is at an all-time high,” stated Mark Galant, chairman and founder of GAIN Capital Group and co-author of the book. “With more than 100,000 retail investors each month registering for a practice account on FOREX.com, it’s clear that investors are actively looking for ways to profit from this market and to learn strategies and techniques to increase their trading success in Forex.”
Currency Trading For Dummies® is written for both experienced traders looking to expand into forex as well as novice investors with no prior trading experience.
Newcomers to trading and the Forex market will learn:
- The mechanics of Forex margin trading, including types of orders, profit and loss calculations, and quoting conventions
- Which fundamental factors drive forex rates and which economic data reports are most significant
- How to apply basic technical analysis strategies to identify trading opportunities
- The principles of a risk-aware trading plan designed to protect profits and minimize losses
Experienced traders can use Currency Trading for Dummies® to:
- Learn how currencies intersect with other financial markets, such as stocks, bonds, gold and oil, to identify more trading opportunities
- Get inside the trading dynamics of individual currency pairs and learn why trading USD/JPY is not the same as EUR/USD
- Become skilled at identifying significant market reversals using Candlestick charting patterns and momentum analysis.
Like all For Dummies® books, Currency Trading For Dummies® concludes with "The Part of Tens," including “Ten Habits of Successful Currency Traders,” “Ten Beginner Trading Mistakes,” and “Ten Rules of Risk Management.” A helpful "Cheat Sheet" in the front of the book summarizes the key questions to ask when choosing a broker, the best places to turn for currency news and data, and the key points to bear in mind when trading on the so-called “fundamentals.”
For more information about the book, please visit, http://www.forex.com.
(**) Source: Aite Group, Retail FX: Taking Center in Overall Market Growth
About GAIN Capital Group, LLC:
GAIN Capital Group is a market leader in the rapidly growing online forex industry. Founded in 1999 by Wall Street veterans, GAIN now services clients from more than 140 countries and supports trade volume in excess of $100 billion per month. Headquartered in Bedminster, New Jersey, the company operates sales and support offices in New York and Shanghai.
The company operates two full service web portals. FOREX.com (http://www.forex.com) services individual investors of all experience levels with a full-service trading platform, lower account minimums and extensive education and training. The company's flagship service, GAIN Capital (http://www.gaincapital.com) focuses on the needs of professional forex traders, including hedge funds and money managers.
GAIN Capital Group, LLC and FOREX.com are registered with the National Futures Association (NFA) as a Futures Commission Merchant (NFA ID #0339826).
About the Authors:
Mark Galant has almost 30 years of experience working in and around Wall Street, the majority of which has been spent as a trader at some of the world’s most prestigious banks and hedge funds. His last trading position was global head of foreign exchange options at Credit Suisse. In 1999, Galant founded GAIN Capital Group, one of the first firms in the United States to offer online currency trading services. GAIN operates the well known FOREX.com brand for individual investors and provides trading services for institutional and retail clients from over 140 countries around the globe, with a monthly trading volume of $100 billion. Galant holds a BS in finance from the University of Virginia and an MBA from Harvard Business School.
Brian Dolan is chief currency strategist for GAIN Capital Group and FOREX.com. Dolan has spent an 18-year career in the currency market as a trader and analyst at leading international banks, including American Express Bank and Credit Suisse. In addition to overseeing fundamental and technical research at FOREX.com, Dolan has published numerous articles on currency trading strategies and risk management. Dolan is a regular commentator on currency market developments to the financial press and has appeared regularly on Bloomberg TV and CNBC's Squawk Box. Dolan is a graduate of Dartmouth College.
Media Contact for book copies, excerpt permission or interview requests:
Williams Consulting, LLC