The Forex Trading Course A Self-Study Guide To Becoming a Successful Currency Trader

by Cofnas, Abe

• ISBN13: 9780470137642
• ISBN10: 0470137649
• Format: Paperback
• Copyright: 2007-11-02
• Publisher: Wiley
• More Book Details
• Purchase Benefits

Summary

A pioneer in currency trading shares his vast knowledge The Forex Trading Course is a practical, hands-on guide to mastering currency trading. This book is designed to build an aspiring trader's knowledge base in a step-by-step manner-with each major section followed by a thorough question-and-answer section to ensure mastery of the material. Written in a straightforward and accessible style, The Forex Trading Course outlines a practical way to integrate fundamental and technical analysis to identify high probability patterns and trades; and reveals how to develop a trading plan and appropriate strategies for different size trading accounts; how to control emotions and use emotional intelligence to improve trading performance; and much more. Filled with in-depth insight and practical advice, The Forex Trading Course will prepare readers for the realities of currency trading, and help them evolve and achieve success in this dynamic market. Abe Cofnas (Orlando, FL) has been the forex trading columnist for Futures magazine since 2001. He formed Learn4x.com-one of the first Web-based interactive training sites devoted to forex trading in 2001 as well. Cofnas is also founder of www.CurrencyGames.com, a forex education and entertainment company.

Author Biography

Abe Cofnas has been the forex trading columnist for Futures magazine since 2001. He formed Learn4x.com—one of the first Web-based interactive training sites devoted to forex trading—in 2001 as well. Cofnas is also the founder of www.CurrencyGames.com, a forex education and entertainment company.

Table of Contents

Foreword	p. ix
Preface	p. xi
Acknowledgments	p. xiii
About the Author	p. xv
What Drives the Forex Market?	p. 1
The Fundamentals of Forex	p. 3
The Role of Inflation	p. 15
Exploiting Information About Economic Growth	p. 19
The China Factor	p. 27
The Commodities Connection	p. 33
How Business Confidence and Consumer Sentiment Affect the Market	p. 41
Fundamental Personalities of Currencies	p. 43
The Personality and Performance of the U.S. Dollar	p. 69
Conducting Your Own Fundamental Analysis	p. 75
Timing the Trade with Technical Analysis	p. 79
Mapping Price Action	p. 81
Finding Significant Support and Resistance	p. 91
Volatility in Forex and Its Dimensions	p. 105
Chart Formations and Price Patterns You Should Know	p. 131
Trading Styles and Setups	p. 143
Alternative Setups and Trading Strategies	p. 161
Putting It Together	p. 171
The Right Way To Use Simulation Accounts	p. 173
Strategies and Challenges for Different Account Sizes	p. 177
The Path to Success in Forex Trading	p. 189
Test Your Forex IQ	p. 195
Selected Futures Columns	p. 201
Index	p. 207
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