There are many markets: markets for stocks, futures, options and currencies.
These are probably the most accessible markets for everyday traders like you and
I. People easily understand the basics of trading shares, so I will occasionally
use examples from that market.
I began trading shares first and then I moved on to trading currencies;
therefore, most of the examples I will be using in this book are derived from
trading currencies.
If you do not know a lot about currency trading, allow me to introduce it to
you. It is what I trade and I believe that it is one of the best markets to
trade because of its efficiency. The transaction costs to execute a trade are
minimal and most brokers provide you with the tools and data you need to make
your trading decisions, they usually provide them for free. The market is open
24 hours a day which allows you to design your trading hours around your daily
commitments. It is very volatile, which is great for those people who are
looking for day-trading opportunities.
