Stepping Up to FX

Karen Wong and Daryl Guppy

Chapter 21 in Stocks and Forex Trading:How to Win, 2021, pp 133-139 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The step-up from trading ordinary stocks to trading leveraged derivatives is not a small leap. The same base skills are required, including good trade and trend identification. However, the discipline of even the best equity traders is tested in a derivative trading environment, be it CFDs or FX or futures. These markets soon tell you if your trade discipline is good enough, or if you have just been fooling yourself with luck. The leverage in these trading instruments magnifies your every weakness, making these markets unsuitable for beginner traders…

Keywords: Trading; Stock Trading; FX trading; Currency Trading; Forex; CFD; Security Trading; Trading Games; Daryl Guppy (search for similar items in EconPapers)
JEL-codes: G1 G11 (search for similar items in EconPapers)
Date: 2021
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