Trading forex is completely different from trading other markets. With low entry costs, 24-hour accessibility, global players and high degrees of leverage, there are enormous opportunities but also very real potential hazards along the way if you don t know what you re doing. Leverage can work both ways you control large positions, but small moves in your favor can mean bi Trading forex is completely different from trading other markets. With low entry costs, 24-hour accessibility, global players and high degrees of leverage, there are enormous opportunities but also very real potential hazards along the way if you don t know what you re doing. Leverage can work both ways you control large positions, but small moves in your favor can mean big returns on your investment. For these reasons, we thought forex trading deserved its own volume, devoted entirely to SFO articles explaining the ins and outs of currency trading. Forex traders don t need to follow hundreds of stocks or commodities to get a flavor for the market just the movements of eight major currencies: the U.S. dollar, Japanese yen, European Union euro, British pound, Canadian dollar, Australian dollar, New Zealand dollar and Swiss franc. Trading a country s currency is like trading the outlook for the country, so it helps to have a bit of fundamental knowledge. But it s also a highly technical form of trading. We ll help you assess how to best synthesize your forex strategies to make the most of market movements. Learn from the top forex trading experts in the world, including: The key to trading currencies is figuring out what central banks will do before they actually make their moves. Kathy Lien, a master forex trader shares her top strategies on trend analysis, the most popular currency trading style Margin can be a highly useful tool for many traders, but it can be scary and risky if used improperly. Marilyn McDonald, author of the book Forex Simplified, writes on developing a simple yet effective forex trading plan The next phase for online platforms will be similar to what occurred in the interbank market. That will involve the transition from a single market maker system to a multi-counterparty system. Peter A. Rosenstreich, a Geneva-based currency expert, explores the path to online forex trading At their core, currencies can be viewed as ultra-short-term bonds, since each currency is attached to an interest rate set by that country s central bank. Boris Schlossberg, one of the most frequently quoted currency analysts in the world, weighs in on investing in exotic currencies Unpredictable currency values create risk, but it should not be forgotten that they also create opportunity. For everyone who has been hurt by the falling dollar, there is a doppelganger somewhere in the world that has gained. David Silverman, reveals his black market Israeli money-changing path to trading currencies The good old days of traders inadvertently getting fat off of an uncommonly lucrative combination of steadily climbing exchange rates along with steadily climbing interest-rate differentials is almost certainly a thing of the past. James Chen, CMT, CMT, author of Essentials of Foreign Exchange Trading, shares how you can use the carry trade effectively in today s volatile global economy I can t emphasize enough how important it is for traders to find a market that fits their own personality if they hope to be successful. John F. Carter, author of Mastering the Trade, explains two of his favorite currency setups.