The Complete Guide to Currency Trading & Investing: How to Earn High Rates of Return Safely and Take Control of Your Financial Investments

by Maeda, Martha; Burrell, Jamaine

• ISBN13: 9781601384423
• ISBN10: 1601384424
• Edition: 2nd
• Format: Paperback
• Copyright: 2010-11-30
• Publisher: Atlantic Pub Co

Summary

You will learn what currency trading is; how to invest in foreign currency; trading strategies and tactics; technological considerations; how to set up your account online; purchase currency online; day trader insights; current trends; Pivot Programs; price projectors; futures predicting; trading software; insider secrets to help you double or even triple your investment ¿ all while avoiding traps and pitfalls. In addition, we took the extra effort and spent an unprecedented amount of time researching, interviewing, e-mailing, and communicating with hundreds of today¿s most successful currency traders. Aside from learning the basics of currency trading you will be privy to their secrets and proven successful ideas.

Table of Contents

Foreword	p. 9
Introduction	p. 11
What is Currency Trading?	p. 15
The Forex Market and the Stock Market	p. 16
Currencies	p. 18
The Influence of Central Banks	p. 22
Other Financial Entities that Influence the Currency Market	p. 23
Central Banks	p. 29
U.S. Federal Reserve Bank	p. 30
European Central Bank (ECB)	p. 36
Bank of Japan (BOJ)	p. 41
Bank of England (BOE)	p. 44
Swiss National Bank (SNB)	p. 48
Bank of Canada (BOC)	p. 51
Reserve Bank of Australia (RBA)	p. 54
Reserve Bank of New Zealand	p. 56
The Forex Market	p. 61
Foreign Exchange Systems	p. 63
Interbank versus Retail Forex	p. 65
Forex Firms	p. 67
Forex Dealers	p. 67
Forex Brokers	p. 71
Online Dealer and Broker Services	p. 77
Spot Trading	p. 82
Derivatives	p. 83
The Language of Forex	p. 89
Major and Minor Currencies	p. 89
Currency Pairs	p. 89
Quote Conventions	p. 90
Price Interest Points (pips)	p. 92
Ticks	p. 93
Margin Account	p. 94
Leverage	p. 94
Requotes	p. 95
Bid and Ask Price	p. 96
Orders	p. 98
Regulators	p. 100
Transaction Cost	p. 100
Rollover	p. 101
Interest Rate Differential	p. 102
Arbitrage	p. 103
Intervention	p. 104
Fundamental Analysis	p. 105
Supply and Demand	p. 107
Rates of Interest	p. 108
Purchasing Power Parity	p. 108
Balance of Trade	p. 111
Gross Domestic Product (GDP)	p. 113
Forecasting	p. 114
Economic Indicators	p. 116
Technical Analysis	p. 151
Charts and Trends	p. 153
The Mechanics of Forex	p. 171
Money Management	p. 172
Psychology	p. 176
Developing a Trading Strategy	p. 177
Trading Strategies	p. 187
Parameters	p. 191
Trading Matrices	p. 193
Timing	p. 194
Performance Evaluations	p. 195
Trading Environments	p. 196
Popular Trading Strategies	p. 205
Passive Investing in Forex	p. 219
Forex in an Investment Portfolio	p. 219
Managed Accounts	p. 221
Professional Forex Advisers	p. 222
Forex Robots	p. 222
Forex Hosting and Forex VPS	p. 224
Forex Mutual Funds	p. 225
Currency ETFs	p. 226
Conclusion	p. 229
Acronyms Found in This Book	p. 231
Forex Glossary	p. 235
International Currencies	p. 247
U.S. Forex Brokers	p. 257
Central Banks	p. 265
Internet Resources	p. 271
Market Data and Fundamentals	p. 271
Regulatory Agencies	p. 272
Articles and Education	p. 273
Finding a Broker	p. 273
Price Charts and Technical Indicators	p. 274
Economic Indicators for Major Trading Markets	p. 275
Major Trading Markets	p. 275
Important Indicators	p. 276
Bibliography	p. 279
Authors' Biographies	p. 283
Index	p. 285
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