Book description
Your total plain-English guide to trading Forex
Open 24 hours a day, 5½ days per week, and trading nearly $4 trillion (US) per day, Forex is the biggest, fastest growing financial market in the world. Your complete A-to-Z guide, FX Trading gets you up to speed on everything you need to know to make a killing trading Forex. Starting with the basics of money management, analysis, and FX market trading mechanics, it swiftly advances into more advanced territory, discussing trading strategies and wealth management.
From quotations, pips and spreads to the pros and cons of using online brokers and websites to FX risk management, FX Trading is an indispensable tool of the trade for beginners and experienced Forex traders alike.
Helps you to see past the media hype, while alerting you to common Forex trading mistakes and pitfalls and how to avoid them
Filled with invaluable expert insights and proven strategies, backed by numerous examples, charts and checklists
Updated to reflect the enormous growth in Forex trading and the new players involved, as well as the many changes wrought by the global financial crisis and the rapid evolution of electronic trading platforms
Table of contents
- Cover
- Table of Contents
- Title Page
- Preface
- Chapter 1: Money management - an overview
-
Chapter 2: What is foreign exchange?
- Market segments: wholesale, clients (of wholesale) and brokers
- Why different sources quote different highs and lows
- Volume of data
- Brief history of the FX market
- Bringing Europe together and the birth of the euro
- The rise of the Chinese yuan
- The global financial crisis of 2008 and the currency markets
- European stresses and the euro
- Excellent sources of information on foreign exchange topics
- Chapter 3: Show me the money!
- Chapter 4: Talking the talk
- Chapter 5: Who's who at the FX marketplace
- Chapter 6: Trading platforms for retail traders
-
Chapter 7: Factors influencing FX markets
- Supply and demand
- The balance of payments
- Interest rates and money supply policy
- Inflation and deflation
- Asset prices
- Commodity prices and terms of trade
- Government budget and fiscal policy
- Credit ratings
- Currency controls
- Politics and wars
- Industrial relations, social unrest and nature
- Market sentiment
- Big trades
- Data releases, speeches and minutes
- Fundamentally, its only a beginning
-
Chapter 8: Technical analysis for traders
- What is technical analysis?
- Assumptions made in technical analysis
- Short-term chart analysis
- Long-term bar chart analysis
- Chart patterns
- Trend following indicators
- Momentum oscillator indicators
- The moving average convergence divergence indicators (MACD)
- Bollinger Bands
- Candlestick charts
- Ichimoku Kinko Hyo charts
- Currencies are often observed moving in unison
- Trade the market, not your opinion of the market
- Use of tools that require a figure for the daily close
- Identify the current type of market activity
- Start with the big picture
- Volume
- Keep it simple
- Chapter 9: FX fundamental analysis for traders
- Chapter 10: FX trading at the big end of town
- Chapter 11: Introduction to FX trading strategy
- Chapter 12: Money management - the fundamentals
- Chapter 13: (Your) Wealth on the global stage
- Chapter 14: New technology
- Conclusion and next steps
- Appendix: World currency codes
Product information
- Title: FX Trading: A Guide To Trading Foreign Exchange, 2nd Edition
- Author(s):
- Release date: March 2012
- Publisher(s): Wrightbooks
- ISBN: 9780730376521
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