Beginner's guide to currency trading
It can be tricky to keep up with, but these tips can help you get started.
Written by Douglas Estadt
The round-the-clock, quick-changing currency market presents no challenge to my friend Kevin Hughes, the best currency trader I know. In fact, he says the schedule suits him well, given his technical strategies.
- Currency center:Check how the US dollar is faring today
At Kevin's Web site, you can either have him trade your money or trade your own by downloading the platform and following his lead. He offers a few key tips for how to get started with currency trading:
- Watch the currency market for a while, then try out a demo with a strategy.
- Start small, but most importantly, manage your risk.
- Trade what you see, not what you feel.
- Take small losses and quick winners.
Watch the video below to better understand Kevin’s investment thesis.
To see where I have my investment dollars now, or to follow my picks, click here.
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Consumers are very status conscious in Asia, Africa and other emerging-market areas. This is especially true in China.
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