Page 98 - Ultimate Guide to Currency Trading

CHAPTER 12

Putting It Together, Putting in an Order

Now that you’ve got currency account open and you’ve done the fundamental

and technical research that goes into deciding what currency pair to trade, the

next thing to do is to learn exactly how to trade. In this chapter you will learn

the idea of having different buckets of money to trade with: some for ultrashort-

term trades some for overnight trades, and some for very long-term carry trades.

You will also learn how to hedge and make profitable FX trades in risk adverse

markets.