Technical Analysis of the Currency Market: Classic Techniques for Profiting from Market Swings and Trader Sentiment

Technical Analysis of the Currency Market: Classic Techniques for Profiting from Market Swings and Trader Sentiment

Released April 2006
Publisher(s): Wiley
ISBN: 9780471745938

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Book description

Proven currency-specific trading strategies from one of today's top currency analysts

"If you trade currency, then you need to have this book on your desk. It's the only book you need for technical analysis of the fastest-moving market on the planet."

-Rob Booker, Currency Trader, W.R. Booker & Company

"In plain English, Schlossberg lays out the basics in using technical analysis to trade foreign currencies, from the fundamentals of how the FX market works to the variety of technical strategies and trade management techniques traders can employ. Along the way, he offers entertaining examples and observations as well as simple, easy-to-read charts and diagrams. Anyone interested in getting started in the hugely popular FX market would do well to begin with this book."

-Sarah Rudolph, Executive Editor, SFO Magazine

"Boris Schlossberg has done a fabulous job with this book. It's packed with insightful tips and strategies that are sure to save traders a lot of time and money."

-Cory Janssen, CoFounder, Investopedia.com

"Schlossberg's book is a great resource for traders just starting out in currency markets. His focus on simplicity is critical for a new trader's education on how to make money."

-Andrew B. Busch, Global FX Strategist, BMO Financial Group

Table of contents

  1. Cover Page
  2. Title Page
  3. Copyright
  4. Dedication
  5. Contents
  6. CHAPTER 1: FX 101
    1. TWO TRILLION REASONS TO TRADE
    2. MARKET RULES
    3. MARKET STRUCTURE
    4. DECENTRALIZATION
    5. BASIC QUOTATION CONVENTION
    6. DEALING VERSUS BROKERING: NO SCALPING ALLOWED
    7. LEVERAGE AND CUSTOMIZATION
    8. MARGIN CALL
    9. LEARN THE CARRY OR PAY THE PRICE
    10. GOOD TECHNICIANS KNOW THEIR FUNDAMENTALS
    11. TRY BEFORE YOU BUY
  7. CHAPTER 2: Is It All Just Random?
  8. CHAPTER 3: The Secret to Trading
    1. TRENDING CURRENCIES
    2. CROSSES ARE TYPICALLY BEST FOR RANGE TRADING
    3. INTEREST RATES—THE FINAL PIECE OF THE PUZZLE
  9. CHAPTER 4: Show Me the Data!
    1. BREAKOUT PATTERNS
    2. INDECISION PATTERNS
    3. REVERSAL PATTERNS
    4. FINAL WORD ON CANDLESTICKS
  10. CHAPTER 5: Trend Is Your Friend?
    1. TREND LINES
    2. MOVING AVERAGES
    3. AVERAGE DIRECTIONAL INDEX/DIRECTIONAL MOVEMENT INDEX
    4. BOLLINGER BAND “BANDS”
    5. CONCLUSION
  11. CHAPTER 6: Gauging Range
    1. STOCHASTICS
    2. RELATIVE STRENGTH INDEX
    3. MOVING AVERAGE CONVERGENCE/DIVERGENCE
    4. COMMODITY CHANNEL INDEX
    5. CONCLUSION
  12. CHAPTER 7: Fibs Don't Fib
    1. TRADING BREAKOUT AND RETRACEMENT WITH FIBONACCI
  13. CHAPTER 8: Patterns and Antipatterns: Know Your Mark
    1. DOUBLE TOPS AND DOUBLE BOTTOMS
    2. TRIPLE TOPS AND BOTTOMS AND THE ANTIPATTERN
    3. FLAGS AND PENNANTS
    4. TRIANGLES, WEDGES, AND DIAMONDS
    5. HEAD AND SHOULDERS
    6. REVERSE HEAD AND SHOULDERS
    7. CONCLUSION
  14. CHAPTER 9: Know Yourself, Know Your Setup
    1. THE MYTH OF 2:1
    2. KILLER INSTINCT
    3. TAKE A NIBBLE, NOT A BITE
    4. THE 10 PERCENT SOLUTION
    5. CONCLUSION
  15. CHAPTER 10: Setups! Setups! Setups!
    1. TREND DETECTION/TREND EXHAUSTION WITH BOLLINGER BANDS
    2. TREND TRADING WITH BB BANDS
    3. VOLATILITY STOP
    4. TRADING PURE TREND WITH BOLLINGER BANDS
    5. SCALPING TO TREND
    6. THE MACD TURN
    7. THE TAO OF RSI
    8. TREND DETECTION WITH THREE SIMPLE MOVING AVERAGES
    9. CONCLUSION
  16. Glossary
  17. Index

Product information

  • Title: Technical Analysis of the Currency Market: Classic Techniques for Profiting from Market Swings and Trader Sentiment
  • Author(s):
  • Release date: April 2006
  • Publisher(s): Wiley
  • ISBN: 9780471745938