| Description |
1 online resource |
| Summary |
Annotation Your total plain-English guide to trading ForexOpen 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 themFilled with invaluable expert insights and proven strategies, backed by numerous examples, charts and checklistsUpdated 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. |
| Audience |
Trade John Wiley & Sons Australia, Limited. |
| Contents |
FX Trading: A Guide to Trading Foreign Exchange, 2nd Edition; Table of Contents; Preface; About the authors; Chapter 1: Money management -- an overview; Chapter 2: What is foreign exchange?; Market segments: wholesale, clients (of wholesale) and brokers; Why different sources quote different highs and lows; Volume of data; Brief history of the FX market; Bringing Europe together and the birth of the euro; The rise of the Chinese yuan; The global financial crisis of 2008 and the currency markets; European stresses and the euro; Excellent sources of information on foreign exchange topics |
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Chapter 3: Show me the money!Which currencies should you trade?; Chapter 4: Talking the talk; Price maker and price taker; Long and short; Pips; Big figure; Handle; Bid and ask; Spread; Quoting conventions -- which currency comes first?; Direct and indirect quotes; Calculating profit or loss for an FX trade; Other influences on profitability; Bulls and bears; Inverted charts; Local media reporting; Chapter 5: Who's who at the FX marketplace; Why does foreign exchange trading exist?; Three broad groups of participants; Who else is in the FX 300?; Chapter 6: Trading platforms for retail traders |
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Choosing an online margin FX providerQuestions to ask when choosing a broker; How do margin FX brokers make money?; The next step; Chapter 7: Factors influencing FX markets; Supply and demand; The balance of payments; Interest rates and money supply policy; Inflation and deflation; Asset prices; Commodity prices and terms of trade; Government budget and fiscal policy; Credit ratings; Currency controls; Politics and wars; Industrial relations, social unrest and nature; Market sentiment; Big trades; Data releases, speeches and minutes; Fundamentally, its only a beginning |
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Chapter 8: Technical analysis for tradersWhat is technical analysis?; Assumptions made in technical analysis; Short-term chart analysis; Long-term bar chart analysis; Chart patterns; Trend following indicators; Momentum oscillator indicators; The moving average convergence divergence indicators (MACD); Bollinger Bands; Candlestick charts; Ichimoku Kinko Hyo charts; Currencies are often observed moving in unison; Trade the market, not your opinion of the market; Use of tools that require a figure for the daily close; Identify the current type of market activity; Start with the big picture |
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VolumeKeep it simple; Chapter 9: FX fundamental analysis for traders; How do we determine exchange rates?; Theories of exchange rate determination; Economic indicators; Economic reports; Economic reports schedule; Sources of economic information; Chapter 10: FX trading at the big end of town; What is institutional FX?; The players; Market makers and price discovery; Currency arbitrage; The 21st century generation of FX broking and trading; Institutional online portals and the rise and rise of electronic brokers; The big guys are just like us -- only bigger |
| Subject |
Foreign exchange.
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Foreign exchange market.
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Foreign exchange futures.
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International finance.
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Change. |
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Marché des changes. |
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Change à terme. |
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Foreign exchange market |
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Foreign exchange futures |
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Foreign exchange |
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International finance |
| Added Author |
Lovrencic, Larry, author.
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Pontikis, Peter, author.
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| ISBN |
9780730376538 (electronic book) |
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0730376532 (electronic book) |
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(Trade paperback) |
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