Essentials of Foreign Exchange Trading (eBook)
240 Seiten
Wiley (Verlag)
978-0-470-46400-7 (ISBN)
James Chen (Pinebrook, NJ) is the Chief Technical Analyst for FX Solutions, a leading foreign exchange marketmaker, and he is also an NFA-registered Commodity Trading Advisor (CTA).?He conducts forex trading seminars and writes frequent articles and daily analytical reports on the currency markets. He has published articles in Futures Magazine, Forbes Media Investopedia, Technical Analysis of Stocks and Commodities Magazine, and Stocks, Futures and Options Magazine.
Preface.
Acknowledgments.
Chapter 1. Introduction to Foreign Exchange Trading.
Trading Money to Make Money.
Striking Gold.
Buying and Selling at Retail.
Big and Liquid, Like the Ocean.
Open 24/5.
Playing in the Majors.
Leveraged to the Hilt.
The Players.
What Moves the Forex Markets?
What to Expect from This Book.
Chapter Summary.
Chapter 2. Basic Foreign Exchange Trading Mechanics.
Anatomy of a Currency Pair.
Going Long and Selling Short.
Market Orders - On the Spot.
Entry Orders - Waiting until the Price is Right.
Stopping Losses with Stop Losses and Trailing Stops.
Profit Limits - When You're in the Money.
Exit with Caution.
Trade Size - Lots and Lots of Lots.
Leveraging Margin and Leverage.
Margin Call - Insufficient Funds.
Pips - The Currency of Currency Trading.
Spreading the Wealth - Spreads or Commissions?
Interest - Giving and Receiving.
Hedging - Two Sides of the Same Coin.
Chapter Summary.
Chapter 3. Technical Analysis - Tools for TradingForeign Exchange.
Introduction to Technical Analysis - Interpreting PriceAction.
Basics of Bars and Candlesticks.
Keeping Time with Chart Timeframes.
Support for Resistance (and Support).
The Trend Will Set You Free.
How Trendy - Lines and Channels.
The Magic of Moving Averages.
Seeing Patterns in the Candles.
Currency Charts Take Shape.
Indicators of Change.
Pointing the Way with Pivot Points.
Fibonacci's Magic Numbers.
Riding the Elliott Wave.
Getting to the Point & Figure.
Chapter Summary.
Chapter 4. Fundamental Analysis - What Drives theForeign Exchange Markets.
Introduction to Fundamental Analysis - BasicEconomics.
A Healthy Interest in Global Bank Rates.
Carried Away with Trading.
Indication of Things to Come - Economic Indicators.
No News is Bad News for News Traders.
Chapter Summary.
Chapter 5. Foreign Exchange Trading Methods andStrategies.
Rules to Trade By.
Position Trading - Settling in for the Long-Term.
Swing Trading - Riding the Waves.
Day Trading - In and Out, Day In and Day Out.
Trend Trading - Going with the Flow.
Range Trading - Between a Rock and a Hard Place.
Breakout Trading (and Fading) - Shooting for theStars.
Pattern Trading - Playing with Shapes.
Fibonacci and Pivot Point Trading - Magic Numbers andSelf-Fulfilling Prophecies.
Elliott Wave Trading - Two Steps Forward, One StepBack.
Divergence Trading - Separate Paths.
Multiple Timeframe Trading - Timing is Everything.
Point & Figure Trading - Pointing Out Breakouts.
Carry Trading - In the Interest of Interest.
News Trading - All the News That's Fit to ProfitFrom.
Contrarian Trading - The Majority Doesn't Rule.
Backtesting - History Repeats Itself.
Autotrading - Robots for Hire.
Chapter Summary.
Chapter 6. Important Elements of Successful Foreign ExchangeTrading.
The Boring Side of Success.
A Risky Business.
Fatter is Healthier (But Only for Trading Accounts).
Risk and Reward.
Fix Your Fractions.
Trailing Stops - Loyal Followers.
Size Matters.
Position Overload.
Measuring Risk with a Trendline.
Great Expectations.
Psychologically Speaking.
Plan the Trade and Trade the Plan.
Chapter Summary.
Index.
"Many customers say Essentials is an "excellent" forex tradingresource." (TradersPressWeekly.com, 8/18/10)
"...is a concise, easily digested snapshot of the currencymarket. It is a solid introduction to a trading specialty andprobably a better fit for investors already well versed in stocksor futures and looking for a new market opportunity. Chen's editionis a Forex 101, a helpful base that is likely to encourageinvestors to pursue further study." (SFO Magazine, June2009)
"...has written this guide to trading in the foreignexchange (forex) market for both novices and experiencedprofessionals. The author explains the fundamental mechanics of theforex markets before launching into the various strategies andinsights that have been proven successful in the field." (BookNews, May 2009)
"The book is very well suited to the novice trader. The primeron technical analysis offers a great review for CMT candidates.More experienced traders in stocks, bonds, or commodities willbenefit from the book's comprehensive explanation of the mechanicsin the market. (mta.org (market technician's association),April 28th, 2009)
"Chen's book is the perfect source of knowledge for those whohaven't ever traded currencies. Clearly explained, Chen's easy toread style show that he knows what professional currency tradingis, focusing on the important aspects that every trader shouldknow. The book covers all important Forex trading related topics."(fxstreet.com, March 11, 2009)
Erscheint lt. Verlag | 12.3.2009 |
---|---|
Reihe/Serie | Essentials Series |
Sprache | englisch |
Themenwelt | Recht / Steuern ► Wirtschaftsrecht |
Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
Schlagworte | Börsenhandel • Börsenhandel • Devisenhandel • Finance & Investments • Finanz- u. Anlagewesen • Trading |
ISBN-10 | 0-470-46400-3 / 0470464003 |
ISBN-13 | 978-0-470-46400-7 / 9780470464007 |
Haben Sie eine Frage zum Produkt? |
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