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While the Foreign Exchange (FOREX) market can be a very profitable place, you must have a firm understanding of how to operate within this environment if you intend on achieving any success. That's why you need "Getting Started in Currency Trading, Second Edition". This reliable resource-written for both newcomers and those with some FOREX experience - puts trading world currencies in perspective, and shows you exactly what it takes to make it in this field. Topics of this title include: the rapidly expanding and evolving online trading marketplace for spot currencies, generally referred to as retail FOREX; the process of initiating and liquidating a live market order; the advantages and disadvantages of fundamental and technical analysis; the wealth of FOREX products and services now available from third-party vendors; the psychology of trading and the stresses that may accompany this endeavor; and, advanced strategies such as options, exotics, and arbitrage.