Forex Trading

Front Cover
Laura Sether
Traders Press, 2009 - Business & Economics - 208 pages
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Trading forex is completely different from trading other markets. With low entry costs, 24-hour accessibility, global players and high degrees of leverage, there are enormous opportunities but also very real potential hazards along the way if you don t know what you re doing. Leverage can work both ways you control large positions, but small moves in your favor can mean big returns on your investment. For these reasons, forex trading deserves its own volume, devoted entirely to SFO (Stocks, Futures, Options) Magazine articles explaining the ins and outs of currency trading. Forex traders don t need to follow hundreds of stocks or commodities to get a flavor for the market just the movements of eight major currencies: the U.S. dollar, Japanese yen, European Union euro, British pound, Canadian dollar, Australian dollar, New Zealand dollar and Swiss franc. Trading a country¿s currency is like trading the outlook for the country, so it helps to have a bit of fundamental knowledge. But it s also a highly technical form of trading. This book helps you assess how to best synthesize your forex strategies to make the most of market movements. Learn from the top forex trading experts in the world. The key to trading currencies is figuring out what central banks will do before they actually make their moves.
 

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Contents

INTRODUCTION By Russell R Wasendorf
lts a Different Ball Game 17
Laying the Groundwork for Forex Trading 37
CURRENCIES UNIQUE TRADING VEHICLES
Secret Rhythms of FX Time Zones 72
TABLE OF CONTENTS
Learn to Trade Currency Options 96
Think Again When lt Comes to Day Trading Spot FX 111
The Domino Effect of FX Market Moves 131
lgnore FX Fundamentals at Your Own Risk 138
Be Smart about the FX Carry Trade 160
Tailoring Your Technical Approach to Currency Personalities 176
Use Elliott Wave to Find Your Blackjack Edge 185
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