Book description
The definitive introduction to FOREX trading
Getting Started in Currency Trading, Fourth Edition is both an introduction and a reference manual for beginning and intermediate traders. Starting with a description of the Foreign Exchange (FOREX) market and a brief history, the book includes an invaluable section made up of relevant FOREX terms clearly defined using examples. The FOREX market has grown substantially and evolved dramatically in recent years, and this new edition is designed to help the reader to adapt and take advantage of these changes.
Including coverage of how to open a trading account, a step-by-step walk through the physical processes of placing and liquidating currency orders, and information on trading strategy and tactics complete with fundamental and technical analysis, the book has everything needed to assist the trader in the decision making process.
New edition is revised and expanded to take into account all of the recent changes in the currency market
Now includes a step-by-step introduction for the new trader and additional material on regulation
FOREX arithmetic calculations are presented in a clear, easy to understand way
Recommendations, guidelines, and caveats appear throughout the book
This new edition of Getting Started in Currency Trading contains significant new information, including a chapter on computers and FOREX, managed FOREX, and new information about regulation, alongside the author's successful trading plan, designed to help the reader put it all together.
Table of contents
- Cover
- Series
- Title Page
- Copyright
- Dedication
- Acknowledgments
- Introduction
-
Part 1: The Foreign Exchange Markets
-
Chapter 1: The World of FOREX
- Introduction—What Is FOREX?
- What Is a Spot Market?
- Which Currencies Are Traded?
- Who Trades on the Foreign Exchange?
- How Are Currency Prices Determined?
- When Do Currencies Trade?
- How Is Money Made in FOREX?
- Why Trade Foreign Currencies?
- What Tools Do I Need to Trade Currencies?
- What Does It Cost to Trade Currencies?
- FOREX versus Equities
- FOREX versus Futures
- Summary
-
Chapter 2: A Brief History of Currency Trading
- Introduction
- Ancient Times
- The Gold Standard, 1816 to 1933
- The Federal Reserve
- Securities and Exchange Commission, 1933 to 1934
- The Bretton Woods System, 1944 to 1973
- The End of Bretton Woods and the Advent of Floating Exchange Rates
- International Monetary Market
- Into the Millennium
- Arrival of the Euro
- The CFTC and the NFA
- Summary
- Chapter 3: Five FOREX Markets
- Chapter 4: Regulation: Past, Present, and Future
-
Chapter 1: The World of FOREX
-
Part 2: Getting Started
- Chapter 5: The Language of FOREX
- Chapter 6: FOREX by the Numbers
- Chapter 7: A Guide to FOREX Trading Platforms
-
Chapter 8: Selecting a FOREX Broker
- Introduction
- Broker-Dealer Due Diligence
- Demo Accounts
- Market Maker or ECN?
- Costs
- Liquidity Providers
- Customer Service
- Trading Pair Palette
- Financial Stability
- Complaint and Error Resolution
- Account Options
- Games Brokers Play
- Top Broker-Dealers
- Popular Broker-Dealers
- The Big Four Broker-Dealers
- For the Professional and Non-U.S. Trader
- Spread Betting
- Fraud, Scams, and Off-Exchange
- Broker-Dealer Checklist
- Summary
- Chapter 9: How to Open a FOREX Account
- Chapter 10: Making the Trade
-
Part 3: The Trader’s Arsenal
- Chapter 11: The FOREX Marketplace
-
Chapter 12: Technical Analysis
- Introduction
- Bar Charts
- Trendlines
- Support and Resistance
- Recognizing Chart Patterns
- Reversal Patterns
- Continuation Patterns
- Candlestick Charts
- Point and Figure Charts
- Charting Caveat—Prediction versus Description
- Indicators and Oscillators
- Relative Strength Indicator
- Momentum Analysis
- Moving Averages
- Bollinger Bands
- Indicator Caveat—Curve-Fit Data
- Wave and Swing Analysis
- Cycle Analysis
- Trading Systems
- The Technician’s Creed
- The Technician’s Caveat
- Summary
- Chapter 13: News Trading
- Part 4: Winning Is the Name of the Game
- Part 5: The Goodman Method of Trading
-
Part 6: Over the FOREX Rainbow
- Chapter 23: Tools for Traders
-
Chapter 24: Options and Exotics
- Introduction
- Options
- A Primer on Options
- Basic Options Terms
- Options: Pros and Cons
- The Four Basic Options Strategies
- Purchase or Write Options?
- Advanced Options Strategies
- The Greeks
- The Retail FOREX Options Landscape
- Options or Spot FOREX?
- Risk Management with Options
- Exotics
- Trading Exotics
- Summary
- Chapter 25: Managed FOREX
- Chapter 26: Computer Trading
- Appendix A: List of World Currencies and Symbols
- Appendix B: Time Zones and Global FX Trading Hours
- Appendix C: Central Banks and Regulatory Agencies
- Appendix D: Resources
- Glossary
- About the Author
- Index
Product information
- Title: Getting Started in Currency Trading, + Companion Website: Winning in Today's Market, 4th Edition
- Author(s):
- Release date: June 2012
- Publisher(s): Wiley
- ISBN: 9781118281987
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