Art of Forex Trading : Uncover the Most Profitable Trading Strategies in the Foreign Exchange Market

by Hooper, Joseph R.; Zalewski, Aaron R.; Watanabe, Ed

• ISBN13: 9781118525678
• ISBN10: 1118525671
• Format: Hardcover
• Copyright: 2013-06-04
• Publisher: Wiley

Summary

The foreign exchange market is extremely exciting and fast paced. Until recently it has been the domain of large financial institutions, large corporations, central banks, hedge funds and wealthy individuals. Like so many things in our world today, the Internet has changed everything to make it possible for the average investor/trader to buy and sell currencies easily...simply with the click of a mouse through online brokerage accounts. That said, the forex market is the largest and most liquid financial market in the world, with an average traded value of around $3.98 trillion dollars per day. This immense volume means incredible liquidity. There could be hundreds of pages with forex facts, history, figures and various methods and systems for trading currencies. However, all that is not needed. The book's focus is to teach you the rules and techniques necessary to trade forex and to make safe and consistent profits in the fast paced world of foreign currencies.

Table of Contents

Preface

Acknowledgments

Chapter 1: Introduction to Forex

Millionaires in Forex

Raising the Bar Again With Forex

Chapter 2: How Forex Works

Spot Market, Forwards Market, Futures Market

What Affects The Currency Markets?

Understanding the Global Trading Sessions

Forex Trading Hours and Forex Trading Times

Currency Fixing and Squaring Up.

Chapter 3: The Mechanics of Forex Trading

The All Mighty Dollar

Fundamental Factors That Affect Currency Price

Important Forex Fundamental Factors

Chapter 4:  Currency Trading Basics

Who Are The Central Banks?

Inflation is the Key

Fundamental Information and Trading Considerations

The World Currencies

Tradable Currency Pairs

Major Currency Pairs

Other Tradable Currencies Called Cross Pairs

Chapter 5: How Do You Trade Forex?

Bias of The Cycle

What Is a Forex Trade And How Do You Participate?

So How Do We Trade?

Chapter 6: Leverage, Lots and Pip

You Gotta Love Leverage

You Will Love the Pip

Understanding Forex Leverage and Margin

What Is A Rollover?

Chapter 7: Forex Brokers

Which Broker?

News and Analysis

Trading Platform Basics

Placing The Order.

Easy Placing Stop Orders

So Who Is the Recommended Broker?

Forex.com Trading Rules and Regulations

Table 7.1 Minimum Margin Requirement by Currency Pair  as of 3-3-12

Chapter 8: Advanced Charting

Advanced Charting Streaming Data Intraday Charting!

Advanced Charting and The Lead Dog

Intraday Streaming Data Charts

Lower Indicator F1

Putting It all Together With Chart Interpretation

Money Management and Stops

Chapter 9:  So What’s Next?

Conclusion

Advanced Charting Forex Glossary

About the Authors

Index