Guide to Forex

von Wachtel

448 Seiten, Hardcover

Kurzbeschreibung des Verlags

THE SENSIBLE GUIDE TO FOREX No reasonable person would invest everything in one asset, or even one asset type, or sector. Yet most people have virtually everything they own tied to the fate of a single currency. As recent years have proven, failure to diversify currency exposure is among the most deadly and widespread investor mistakes. As governments strive to revive their economies with endless stimulus programs, they risk killing the value of most major currencies, and any portfolio too heavily weighted in them. While the glaring need for currency diversification as part of any prudent financial planning is now obvious, the solutions are not, nor are they easy to find. The usual kinds of foreign exchange (forex) trading methods are too risky, complex, and demanding for most people. Most who try them fail within a matter of months. An entire generation of mainstream investors needs solutions–fast. Moreover, they need a wide range of methods to hedge currency risk to fit a variety of needs, and they need them clearly and completely explained, and gathered up in one easy-to-find source. Finally, here it is. After years of research, financial guru and market veteran Cliff Wachtel has written the first and only book that provides ways to exploit forex markets to hedge currency risk that are less demanding and risky than the usual forex trading strategies. Whether you're an active but prudent trader, or a passive investor seeking a steady currency-diversified income stream, there are solutions here to fit your needs. It's an ideal starting point, neither too superficial nor too complex, and it avoids the time-consuming, complex, high-risk methods at which most traders fail. For passive investors, it's a unique guide to considering not just the prospects of a specific investment, but also the health of the currency in which you get paid, and how that currency can affect your real risk and returns. The Sensible Guide to Forex offers a gimmick-free, step-by-step road map to identifying, planning, and executing trades or long-term income investments offering the best risk/reward profile, while avoiding serious losses that drain your capital, confidence, and motivation. It provides detailed explanations of a panoply of methods for hedging currency risk and improving returns that are no riskier or complex than those commonly used for stocks or bonds, while offering some significant advantages unique to forex markets.

• ISBN: 9781118158074
• Sprache: Englisch
• Erscheinungsdatum: 13.08.2012
• Größe: 235 x 157 mm
• Verlag: John Wiley & Sons