| Description |
1 online resource |
| Contents |
Cover -- Title Page -- Copyright -- Contents -- Preface -- About the Author -- Chapter 1 Foreign Exchange-The Fastest Growing Market of Our Time -- EURUSD and Corporate Profitability -- Nikkei and U.S. Dollar -- George Soros -- Chinese Yuan Revaluation and Bonds -- Comparing the FX Market with Futures and Equities -- 24-Hour Market -- Lower Transaction Costs -- Customizable Leverage -- Profit in Both Bull and Bear Markets -- No Trading Curbs or Uptick Rule -- Online Trading Reducing Error Rates -- Limited Slippage -- Perfect Market for Technical Analysis -- Analyze Stocks Like Countries -- FX versus Futures -- Comparing Market Hours and Liquidity -- Low to Zero Transaction Costs -- No Limit Up or Down Rules/Profit in Both Bull and Bear Markets -- Execution Quality and Speed/Low Error Rates -- Who Are the Players in the FX Market? -- Centralized Markets -- Hierarchy of Participants -- Dealing Stations-Interbank Market -- Chapter 2 Historical Events in the FX Markets -- Bretton Woods: Anointing the Dollar as the World Currency (1944) -- The End of Bretton Woods: Free Market Capitalism Is Born (1971) -- Plaza Accord-Devaluation of the U.S. Dollar (1985) -- George Soros-The Man Who Broke the Bank of England -- The UK Joins the Exchange Rate Mechanism -- Soros Bets Against the Success of UK Involvement in the ERM -- Asian Financial Crisis (1997-1998) -- The Bubble -- Ballooning Current Account Deficits and Nonperforming Loans -- Currency Crisis -- Introduction of the Euro (1999) -- Chapter 3 What Moves the Currency Market -- Fundamental Analysis -- Capital and Trade Flows -- Capital Flows -- Trade Flows: Measuring Exports versus Imports -- Trading Tip: Charting Economic Surprises -- Technical Analysis -- Is Technical Analysis or Fundamental Analysis Better? -- Currency Forecasting-What Bookworms and Economists Look At |
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Balance of Payments Theory -- What Is the Balance of Payments (BOP)? -- Trade Flows -- Capital Flows -- Equity Markets -- Fixed-Income (Bond) Markets -- Summary of Trade and Capital Flows -- Limitations of BOP Model -- Purchasing Power Parity -- Interest Rate Parity -- The Monetary Model -- Real Interest Rate Differential Model -- The Asset Market Model -- The Currency Substitution Model -- Chapter 4 A Deeper Look at the FX Market -- What Are the Best Times to Trade for Individual Currency Pairs? -- Asian Session (Tokyo): 7pm to 4am EST -- U.S. Session (New York): 8am to 5pm EST -- European Session (London): 3am to 12pm EST -- US-Europe Overlap: 8am to 12pm EST -- European-Asian Overlap: 2am to 4am EST -- Chapter 5 What Are the Most Market Moving Economic Data? -- Relative Importance of Data Changes over Time -- GDP Is No Longer a Big Deal -- How Can You Use This to Your Benefit? -- Resources -- Chapter 6 What Are Currency Correlations, and How Can We Use Them? -- Positive/Negative Correlations-What They Mean and How to Use Them -- Important Fact about Correlations: They Change -- Calculating Correlations Yourself -- Sample Correlations Results -- Chapter 7 Trade Parameters for Various Market Conditions -- Keep a Trading Journal -- Currency Pair Checklist -- Trades That I Am Waiting For -- Existing or Completed Trades -- Have a Toolbox-Use What Works for the Current Market Environment -- Step #1: Determine the Trading Environment -- Rules to Determining Trading Environment -- Profiling a Range Environment -- What Does a Risk Reversal Table Look Like? -- Identifying a Trending Environment -- Step #2: Determine the Time Frame for Trade -- Intraday Trade (Range) -- Medium-Term Range Trade -- Medium-Term Trend Trade -- Medium-Term Breakout Trade -- Risk Management -- Using Stop-Loss Orders to Manage Risk |
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Placing the Stop Loss -- Chapter 8 Technical Trading Strategy: Multiple Time Frame Analysis -- Chapter 9 Technical Strategy: Trading with Double Bollinger Bands -- Using Double Bollinger Bands to Pick Tops and Bottoms -- Using Double Bollinger Bands to Determine Trend versus Range -- Using Double Bollinger Bands to Join a New Trend -- Chapter 10 Technical Trading Strategy: Fading the Double Zeros -- Strategy Rules -- Market Conditions -- Further Optimization -- Examples -- Chapter 11 Technical Trading Strategy: Waiting for the Deal -- Strategy Rules -- Examples -- Chapter 12 Technical Trading Strategy: Inside Days Breakout Play -- Strategy Rules -- Further Optimization -- Examples -- Chapter 13 Technical Trading Strategy: Fader -- Strategy Rules -- Examples -- Further Optimization -- Chapter 14 Technical Trading Strategy: 20-Day Breakout Trade -- Strategy Rules -- Examples -- Chapter 15 Technical Trading Strategy: Channels -- Examples -- Chapter 16 Technical Trading Strategy: Perfect Order -- Examples -- Chapter 17 Fundamental Trading Strategy: Pairing Strong with Weak -- Chapter 18 Fundamental Trading Strategy: The Leveraged Carry Trade -- How Do Carry Trades Work? -- Why Do Carry Trades Work? -- When Will Carry Trades Work Best? -- How Much Risk Are You Willing to Take? -- When Will Carry Trades Not Work? -- The Importance of Risk Aversion -- Risk Aversion and Carry Trade Profitability -- Other Things to Bear in Mind When Considering a Carry Trade -- Low Interest Rate Currency Appreciation -- Trade Balances -- Time Horizon -- Chapter 19 Fundamental Trading Strategy: Macro Event Driven Trade -- Know When Big Events Occur: Here Is a List of a Few Important Ones -- 2014 Ukraine-Russia Crisis -- European Sovereign Debt Crisis (2009-2013) -- Global Financial Crisis (2007-2009), Subprime |
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Political Uncertainty: 2004 U.S. Presidential Election -- G7 Meeting Dubai September 2003 -- U.S. War Against Iraq -- Chapter 20 Quantitative Easing and Its Impact on Forex -- U.S. Quantitative Easing -- UK Quantitative Easing -- Japan Quantitative Easing -- Eurozone Quantitative Easing -- Chapter 21 Fundamental Trading Strategy: Commodity Prices as a Leading Indicator -- Gold -- Oil -- Iron Ore and Dairy Prices -- Trading Opportunity -- Chapter 22 Fundamental Strategy: Using Bond Spreads as a Leading Indicator for FX -- Calculating Interest Rate Differentials and Following the Currency Pair Trends -- Interest Rate Differentials: Leading Indicator, Coincident Indicator, or Lagging Indicator? -- Chapter 23 Fundamental Trading Strategy: Risk Reversals -- What Does a Risk Reversal Table Look Like? -- How Can You Use This Information? -- Examples -- Chapter 24 Fundamental Trading Strategy: Using Option Volatilities to Time Market Movements -- How to Use Option Volatilities to Trade Forex -- Why Does This Technique Work? -- Who Can Benefit from This Technique? -- Tracking Volatilities on Your Own -- Chapter 25 Fundamental Trading Strategy: Intervention -- Japan -- Switzerland -- Eurozone -- Chapter 26 Currency Profiles and Outlook -- Currency Profile: U.S. Dollar (USD) -- Broad Economic Overview -- Monetary and Fiscal Policy Makers-The Federal Reserve -- Important Characteristics of the U.S. Dollar -- Important Economic Indicators for the United States -- Chapter 27 Currency Profile: Euro (EUR) -- Broad Economic Overview -- Monetary and Fiscal Policy Makers-The European Central Bank -- The EMU Criteria -- Open Market Operations -- ECB Minimum Bid Rate (Repo Rate) -- Important Indicators for the Euro -- PMIs -- IFO Survey -- Inflation Indicators-HICP -- German Industrial Production -- German Unemployment -- Preliminary GDP -- M3 |
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Individual Country Budget Deficits -- Chapter 28 Currency Profile: British Pound (GBP) -- Broad Economic Overview -- Monetary and Fiscal Policy Makers-Bank of England -- Bank Repo Rate -- Open Market Operations -- Important Characteristics of the British Pound -- Important Economic Indicators for the United Kingdom -- PMIs -- Employment Situation -- Retail Sales -- Consumer or Retail Price Index -- GDP -- Industrial Production -- UK Housing Starts -- Chapter 29 Currency Profile: Swiss Franc (CHF) -- Broad Economic Overview -- Monetary and Fiscal Policy Makers-Swiss National Bank -- Central Bank's Goals -- Their Tools -- Important Characteristics of the Swiss Franc -- Important Economic Indicators for Switzerland -- KoF Leading Indicators -- Consumer Price Index -- Gross Domestic Product -- Balance of Payments -- Production Index (Industrial Production) -- Retail Sales -- Chapter 30 Currency Profile: Japanese Yen (JPY) -- Economic Overview -- Abenomics -- Monetary and Fiscal Policy Makers -- Open Market Operations -- Important Characteristics of the JPY -- Important Economic Indicators for Japan -- Tankan Survey -- Balance of Payments -- Employment -- Industrial Production -- GDP -- Chapter 31 Currency Profile: Australian Dollar (AUD) -- Broad Economic Overview -- Monetary and Fiscal Policy -- Central Bank's Goals -- Cash Rate -- Maintaining the Cash Rate: Open Market Operations -- Monetary Policy Meetings -- Important Characteristics of the Australian Dollar -- Important Economic Indicators for Australia -- GDP -- CPI -- Balance of Goods and Services -- Private Consumption -- Producer Price Index -- Chapter 32 Currency Profile: New Zealand Dollar (NZD) -- Broad Economic Overview -- Monetary and Fiscal Policy Makers-Reserve Bank of New Zealand -- Official Cash Rate (OCR) -- Objectives for Fiscal Policy |
| Summary |
"Play the forex markets to win with this invaluable guide to strategy and analysis Day Trading and Swing Trading the Currency Market gives forex traders the strategies and skills they need to approach this highly competitive arena on an equal footing with major institutions. Now in it's third edition, this invaluable guide provides the latest statistics, data, and analysis of recent events, giving you the most up-to-date picture of the state of the fast-moving foreign exchange markets. You'll learn how the interbank currency markets work, and how to borrow strategy from the biggest players to profit from trends. Clear and comprehensive, this book describes the technical and fundamental strategies that allow individual traders to compete with bank traders, and gives you comprehensive explanations of strategies involving intermarket relationships, interest rate differentials, option volatilities, news events, and more. The companion website gives you access to video seminars on how to be a better trader, providing another leg up in this competitive market. The multi-billion-dollar foreign exchange market is the most actively traded market in the world. With online trading platforms now offering retail traders direct access to the interbank foreign exchange market, there's never been a better time for individuals to learn the ropes of this somewhat secretive area. This book is your complete guide to forex trading, equipping you to play with the big guys and win--on your own terms. Understand how the foreign currency markets work, and the forces that move them Analyze the market to profit from short-term swings using time-tested strategies Learn a variety of technical trades for navigating overbought or oversold markets Examine the unique characteristics of various currency pairs Many of the world's most successful traders have made the bulk of their winnings in the currency market, and now it's your turn. Day Trading and Swing Trading the Currency Market is the must-have guide for all foreign exchange traders"-- Provided by publisher |
| Notes |
Revised edition of the author's Day trading and swing trading the currency market, 2009 |
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Includes index |
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Print version record and CIP data provided by publisher |
| Subject |
Foreign exchange futures.
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Foreign exchange market.
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Speculation.
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speculating.
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BUSINESS & ECONOMICS -- Investments & Securities.
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Foreign exchange futures
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Foreign exchange market
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Speculation
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| Form |
Electronic book
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| Author |
Lien, Kathy, 1980-
Day trading the currency market
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| LC no. |
2015039833 |
| ISBN |
9781119220091 |
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1119220092 |
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9781119220107 |
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1119220106 |
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9781119212997 |
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1119212995 |
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1119108411 |
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9781119108412 |
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