You are previewing The FX Bootcamp Guide to Strategic and Tactical Forex Trading.
O'Reilly logo
The FX Bootcamp Guide to Strategic and Tactical Forex Trading

Book Description

A straightforward guide to trading today's dynamic Forex market

Written by Wayne McDonell, the Chief Currency Coach at FX Bootcamp, this book shows readers how to successfully trade the Forex market on their own. FX Bootcamp's Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular technical indicators to formulate a comprehensive market strategy. Readers will then learn how to focus on using this information to create a tactical trading plan--one that will help them pull the trigger to get in and out of a trade. Along the way, McDonell takes the time to discuss the various challenges a Forex trader faces, such as greed, fear, loss, and isolation. As a Forex trader and educator of traders, Wayne McDonell knows what it takes to make it in the competitive world of Forex. And with FX Bootcamp's Guide to Strategic and Tactical Forex Trading he shows readers how.

Table of Contents

  1. Title Page
  2. Copyright Page
  3. Preface
    1. PLAN YOUR TRADES AND TRADE YOUR PLANS
    2. WHAT IS NOT IN THIS BOOK
  4. Introduction
    1. WHICH DO YOU DO?
  5. PART ONE - Basic Training
    1. CHAPTER 1 - Lagging Indicators
      1. MOVING AVERAGES
      2. MOVING AVERAGE CONVERGENCE DIVERGENCE (MACD)
      3. BOLLINGER BANDS
      4. STANDARD DEVIATION
      5. SUMMARY
    2. CHAPTER 2 - Leading Indicators
      1. PRICE SUPPORT AND RESISTANCE
      2. FIBONACCI RETRACEMENTS
      3. FIBONACCI EXTENSIONS
      4. SUMMARY
      5. PART ONE SUMMARY
  6. PART TWO - Strategic Analysis
    1. CHAPTER 3 - How to Gather Market Intelligence to Formulate a Trading Strategy
      1. SPY PLANE VIEW
      2. INFLATION SENSATION
      3. CENTRAL BANKING
      4. INFLATION TARGETING
      5. COST OF MONEY
      6. MONEY MAGNETS
      7. INTERESTED IN VALUATION
      8. FOREIGN EXCHANGE
      9. DEMANDING CONSEQUENCES
      10. HOUSE OF CARDS
      11. NOT INTERESTED
      12. SUMMARY
    2. CHAPTER 4 - The Carry Trade
      1. FREE HOUSE
      2. SCARY CARRY
      3. POWER YEN
      4. SUMMARY
    3. CHAPTER 5 - Forex and the Fed
      1. FOREX ECONOMICS
      2. THE FEDERAL RESERVE SYSTEM
      3. SUMMARY
    4. CHAPTER 6 - Commodity Correlations
      1. COMMODITY CORRELATION: OIL
      2. COMMODITY CORRELATION: GOLD
      3. COMMODITY CORRELATION: EQUITIES
      4. TRADING COMMODITIES
      5. SUMMARY
    5. CHAPTER 7 - Greenback Guru: Why You Should Specialize in Trading U.S. Dollars
      1. WHAT’S YOUR USD BIAS?
      2. CURRENCY CORRELATION COEFFICIENT
      3. TRADING CURRENCY CORRELATION
      4. TRADING A BASKET OF CURRENCIES
      5. PETRODOLLARS
      6. YET ANOTHER REASON
      7. SUMMARY
      8. PART TWO SUMMARY
  7. PART THREE - Rules of Engagement
    1. CHAPTER 8 - Market Analysis
      1. SPEED OF THE MARKET
      2. MOMENTUM OF PRICE
      3. SUMMARY
    2. CHAPTER 9 - Fundamental Analysis
      1. ECONOMIC ANNOUNCEMENTS
      2. GLOBAL MONEY FLOW
      3. INTEREST RATES AND CURRENCY VALUES
      4. MARKET BIAS
      5. ANNOUNCEMENT CALENDAR
      6. SUMMARY
    3. CHAPTER 10 - Technical Analysis
      1. SELF-FULFILLING PROPHECY
      2. RANGE ANALYSIS
      3. TREND ANALYSIS
      4. PIVOT ANALYSIS
      5. SUMMARY
    4. CHAPTER 11 - Risk Analysis
      1. FEAR OF LOSS
      2. FEAR OF PROFIT
      3. LIMITS
      4. FX BOOTCAMPER CREDO
      5. LIMITS FOR LOSS
      6. LIMITS FOR PROFIT
      7. MORE TACTICS FOR TRADE ENTRY AND EXITS
      8. YOUR MIND’S EYE
      9. DO NOTHING
      10. DO YOU HAVE THE GUTS?
      11. SECOND CHANCES IN FOREX
      12. SUMMARY
      13. PART THREE: SUMMARY
  8. PART FOUR - Tactical Planning
    1. CHAPTER 12 - Candlestick Patterns
      1. REVERSAL PATTERNS
      2. REVERSE AND CONTINUATION PATTERNS
      3. TRENDING ONLY
      4. SUMMARY
    2. CHAPTER 13 - Range Trading
      1. GET IN THE RING
      2. FLOORS AND CEILINGS
      3. OVER AND OUT
      4. SUMMARY
    3. CHAPTER 14 - Trading the News
      1. Risky Business
      2. Russian Roulette
      3. Perfect Storm
      4. CONSERVATIVE NEWS TRADES
      5. SUMMARY
      6. PART FOUR SUMMARY
  9. PART FIVE - Psychological Warfare
    1. CHAPTER 15 - How to Cope with Pre- and Post-Trading Stress Disorders
      1. GOING MENTAL
      2. COMMON THREAD
      3. UNDERSTAND YOURSELF, UNDERSTAND YOUR TRADES
      4. SUMMARY
    2. CHAPTER 16 - Trade Journals
      1. Elements of a Good Trade Journal
      2. A Mind Game
      3. Natural Born Traders
      4. There Is No Spoon
      5. Proof in the Pondering
      6. 3X THE 4X
      7. SUMMARY
    3. CHAPTER 17 - Target Practice
      1. SUMMARY
    4. CHAPTER 18 - Three-Year Plan
      1. FX BUSINESS PLANNER
      2. RISK MANAGEMENT
      3. SUMMARY
      4. PART FIVE SUMMARY
    5. CHAPTER 19 - Closing Notes
      1. THE GENESIS OF FX BOOTCAMP
      2. LEAD BY EXAMPLE
      3. ADDITIONAL SUPPORT
  10. BOOK BUYBACK PROGRAM
  11. Index