Mastering the Currency Market: Forex Strategies for High and Low Volatility Markets

by Norris, Jay; Bell, Teresa; Gaskill, Al

• ISBN13: 9780071634847
• ISBN10: 0071634843
• Edition: 1st
• Format: Hardcover
• Copyright: 2009-11-30
• Publisher: McGraw Hill

Summary

Make Volatility and Risk Work forYou with Forex Trading!"This book should be in every trader/investor's library. As we come out of thisdepressed market . . . this book can be your companion, helping you avoidmistakes and enhance your trading/investment program." Bill M. Williams, author ofTrading Chaos"Whether you're just getting started trading the world's most exciting financial market,or you're looking to add to your trading edge, [the authors] have written an engagingbook packed with powerful techniques that you can use right now." Rob Booker, trader, author, educator, and founder and host of TraderRadio.netThe foreign exchange market is the largesttrading market in the world, withaverage daily volume well into the trillions.Because the market is always characterized byhigh liquidity, forex traders benefit most fromvolatile marketsmaking it the ideal investmentapproach today and well into the future.Mastering the Currency Marketis a comprehensiveguide to currency and futures tradingstrategies and techniques for both highly volatileand nonvolatile markets.Putting to work their vast and highly diverseexperience in forex trading, the authors explainhow to take advantage of the many benefitsof foreign exchange trading, includingits low cost of entry afforded by margin, andthe dynamic pricing by nature of the competitivemarketplace.Mastering the CurrencyMarketis divided into five sections covering: The basics of trading currencies Fundamental analysis ofprice valuation Technical analysis andtrading charts Trading philosophy andpsychological discipline Volatility and risk managementWith four decades of combined experience,the authors clearly communicate to you a tradingmethod that will give you the confidenceto both analyze markets and execute tradessuccessfully, regardless of underlying marketconditions.As 2008 introduced nightmare scenarios forinvestors around the world, it was Al Gaskill'smost productive period of his trading career.He used the same trading methods spelled outin this book.Apply the lessons inside and you'll see profitsrise during periods of high market volatility,and when the market slows down, you candownshift to countertrending methods. It'sa win-win investing method, andMasteringthe Currency Marketleads you through it everystep of the way.

Author Biography

Jay Norris is a senior marketing strategist and.trading instructor for Brewer Futures Group.
.Al Gaskillis a trader, instructor, and principle.for Brewer Investment Group.
.Teresa Bell is with Trading-University.com.

Table of Contents

Preface	p. vii
Introduction to Trading Currencies
Types of Financial Markets	p. 3
Fundamental Analysis
The Why of Price Valuation	p. 21
Technical Analysis
Charts for Trading	p. 51
Candlestick Charts	p. 63
Support and Resistance	p. 81
Chart Patterns	p. 125
Technical Indicators	p. 153
Trading Techniques	p. 187
Tying the Technical Indicators Together: Trade Signals and Quantifying Trends	p. 205
Trading Philosophy
Trading Psychology	p. 243
Trading the Appropriate Time Frame	p. 251
Risk Management
Risk and Money Management	p. 265
Creating a Trading Plan and Keeping a Trading Journal	p. 275
Conclusion: Mastering the Markets	p. 291
Index	p. 295
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