FX Trading A Guide to Trading Foreign Exchange

by Douglas, Alex; Lovrencic, Larry; Pontikis, Peter

• ISBN13: 9780730376521
• ISBN10: 0730376524
• Edition: 2nd
• Format: Paperback
• Copyright: 2012-04-02
• Publisher: Wiley

Summary

Your total plain-English guide to trading Forex Open 24 hours a day, 5 days per week, and trading nearly $4 trillion (US) per day, Forex is the biggest, fastest growing financial market in the world. Your complete A-to-Z guide, FX Trading gets you up to speed on everything you need to know to make a killing trading Forex. Starting with the basics of money management, analysis, and FX market trading mechanics, it swiftly advances into more advanced territory, discussing trading strategies and wealth management. From quotations, pips and spreads to the pros and cons of using online brokers and websites to FX risk management, FX Trading is an indispensable tool of the trade for beginners and experienced Forex traders alike. Helps you to see past the media hype, while alerting you to common Forex trading mistakes and pitfalls and how to avoid them Filled with invaluable expert insights and proven strategies, backed by numerous examples, charts and checklists Updated to reflect the enormous growth in Forex trading and the new players involved, as well as the many changes wrought by the global financial crisis and the rapid evolution of electronic trading platforms

Author Biography

Alex Douglas has worked in financial markets for over 20 years as an FX voice broker a trader on the floor of the Sydney; Futures Exchange and a director of global FX and derivative trading films. Larry Lovrencic is a senior fellow of the Financial Services Institute of Australasia (FINSIA). He has traded markets for over 20 years and taught technical analysis for over 10 years. Peter Pontikis is a capital markets and private wealth management specialist. His institutional and corporate experience in Australia and South-East Asia spans over 30 years.

Table of Contents

Preface	p. vii
About the authors	p. xi
Money management-an overview	p. 1
What is foreign exchange?	p. 3
Show me the money!	p. 23
Talking the talk	p. 31
Who's who at the FX marketplace	p. 51
Trading platforms for retail traders	p. 69
Factors influencing FX markets	p. 89
Technical analysis for traders	p. 115
FX fundamental analysis for traders	p. 159
FX trading at the big end of town	p. 181
Introduction to FX trading strategy	p. 201
Money management-the fundamentals	p. 231
(Your) Wealth on the global stage	p. 241
New technology	p. 253
Conclusion and next steps	p. 261
Appendix: World currency codes	p. 263
Index	p. 267
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