The Currency or foreign exchange (FX) markets is by far the largest financial market in the world, with trading volumes surpassing US$3 trillion a day. Although primarily dominated by a worldwide network of interbank traders, a new era of Internet based communication technologies has recently allowed individual investors to gain access to this popular and profitable market.

Many traders are also becoming more aware of the fact that currency movements also impact the stock and bond markets. Therefore, if stocks, bonds, and commodities traders want to make more educational trading decisions, it is important for them to follow the currency markets as well.

Designed for both advanced and novice trader, The Forex Journal, contains something for everyone. It touches on the major Forex market basics or currency characteristics that all traders – particularly day traders – need to know, and contain actionable information on which you can base some of your trading strategies. This comprehensive guide opens with a straightforward discussion of general issues, such as the emergence of the foreign exchange market, who are the major players are, and significant historical milestones, but quickly delves into more detailed topics in the following sections :

• What moves the currency market – factors that impact both long-term and short-term price movements
  
  
• What are the best times to trade for individual currency pairs – through an outline of major currency pair trading activity, you’ll discover When pairs are most attractive.
  
  
• Trade parameters for different market conditions – teaches you how to first profile a trading environment and then know which indicators to use for that trading environment.
  
  
• Technical trading strategies – covers some of the most important trading strategies for day traders and swing traders.
  
  
• Fundamental trading strategies – covers intervention-based trades as well as the secret moneymaking strategies.
  
  
• A profile of major currency pairs – discuss the unique characteristics of each major currency pair, from what drives their price action to which economic data releases are most important