Forex Book

Position Trading (BUY like and Trader and HOLD like an Investor) by Tony Loton is a try to present the the usual “buy and hold” strategy under a slightly different angle. It’s often said that a long-term position is a badly taken short-term position, but Tony tries to turn it upside down by stating that good short-term positions turn into even better long-term positions. This book is not about Forex, as the offered strategy can be barely used in currency trading, but it will work in almost any other financial market available to the online traders. The good part about this position trading book is that the author doesn’t try to push some set of entry rules as a complete strategy; instead, he offers everything that’s necessary for a trading system — from good entry conditions to the money management tricks.

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Knowledge of the interest rates associated with various Forex traded currencies is important not only to the long-term currency traders, but also to short-term traders, as even the short-term trends are often determined by the interest rates difference. You can find the most current interest rates of the 20 world central banks in the interest rate table.

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