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082 00 332.4/5
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099 eBook O’Reilly for Public Libraries
100 1 Wachtel, Cliff,|d1959-
245 14 The sensible guide to Forex :|bsafer, smarter ways to
survive and prosper from the start /|cCliff Wachtel.
|h[O'Reilly electronic resource]
264 1 Hoboken, New Jersey :|bWiley,|c2012.
300 1 online resource
336 text|btxt|2rdacontent
337 computer|bc|2rdamedia
338 online resource|bcr|2rdacarrier
490 0 Wiley trading series
500 Includes index.
504 Includes bibliographical references and index.
505 0 The Sensible Guide to Forex -- Contents -- Read This First
-- Currency Risk: Every Investor's Dilemma -- Currency
Risk and How to Fight It -- The Solution -- Some
Background -- Why Any Trader or Investor Needs This Book -
- What This Book Offers -- Why Listen to You, Cliff? --
Visit thesensibleguidetoforex.com for Additional Online
Content -- Acknowledgments -- CHAPTER 1 Three Must-Know
Forex Facts -- Fact 1: Everyone Needs Forex
Diversification Even if You Don't Trade Actively -- You're
Exposed: Cover Your Assets -- Even Long-Term Buy-and-Hold
Investors Need Forex Diversification -- Fact 2: Potential
for Better Risk-Adjusted Returns -- Forex Markets Often
Provide Advanced Warnings of Changes in Other Markets --
Forex Needn't Be Any Riskier Than Other Markets -- No
Uptick Rule: Just as Easy to Profit in a Falling Market as
in a Rising One -- Low Correlation to Other Financial
Markets -- The Most Flexible Hours -- Forex Markets Offer
the Best Liquidity -- No Centralized Exchange with
Specialists Holding Monopoly Power to Regulate Prices --
Less Slippage -- The Best Risk/Reward Potential -- The
Lowest Startup and Trading Costs -- Fact 3: You Can Do
This -- How Can I Compete against the Pros and Big
Institutions? -- How David Beats Goliath: More on What
This Book Will and Won't Do -- What's the Catch? -- Most
Traders Fail within Their First Two Years -- CHAPTER 2
Forex Basics -- Basics of Currencies and Currency Pairs --
Trade Only the Most Liquid Currencies -- The Major
Currencies -- Risk versus Safe Haven Currencies:
Definition and Ranking -- Currencies Trade in Pairs and
Why That Matters -- Price Movements Are Always Relative to
Another Currency -- It's Just as Easy to Profit in Bear
Markets as in Bull Markets -- How to Read a Forex Pair
Price Quote -- Summary of Currency Pair Basics -- Why It's
Just as Easy to Profit from Falling Prices.
505 8 Size Matters: Types of Currency Pairs -- The Major
Currency Pairs: The Most Liquid -- More on Risk and Safe
Haven Currencies -- The Signs of the Crosses: Divine
Revelations about Currency Strength -- Walk on the Wild
Side: The Exotics -- Pips: The Universal Currency of
Currencies -- Calculating Pip Values -- Three Ways to
Limit Risk: Lot Size Usually the Easiest -- Leverage and
Margin: Their Relationship and Impact on Risk -- Leverage:
Greater Risk and Reward -- Permitted Leverage Varies with
Place and Time -- How Margin, Lot Size, and Leverage
Interact -- The Importance of Adequate Capital -- Margin
Calls: Your account's Circuit Breaker -- Order Types --
Exit Orders: Ways to Close a Position -- The Three Facets
of Risk and Risk Control -- Example -- The Core Four: The
Most Important Skills for Success -- Trader Psychology --
Risk and Money Management (RAMM) -- Technical and
Fundamental Analysis -- CHAPTER 3 Technical Analysis (TA)
Basics -- Candle Chart Basics -- Candle Anatomy and
Meaning -- Relationship between Body, Wick, and Its
Significance -- Support and Resistance (S/R) Basics --
Candle Chart Time Frames: Length Matters -- Different Time
Frames, Different Trading Techniques, and Styles --
Different Time Frames, Different Trends -- Identifying
Support and Resistance (S/R) to Buy Low, Sell High, or
Vice Versa -- Definitions of S/R Are Reversed for Long and
Short Positions -- The General Rule for Identifying Low-
Risk High-Yield Trades -- Finding S/R Is Key to
Identifying and Executing Low-Risk High-Yield Trades --
Good Risk Management Requires Good TA -- Think of S/R as
Zones or Areas -- So Stick to Trading Longer Time Frames-
They're Safer -- Reasons to Consider Using Multiple Entry
and Exit Points -- Once Broken, Resistance Becomes Support
and Vice Versa -- Don't "OD" on TA -- Why Specialize in a
Few Currency Pairs and Time Frames?
505 8 What Determines Whether a Currency Is a Risk or a Safe
Haven? -- CHAPTER 4 Technical Analysis: Types of Support
and Resistance (S/R) -- Price Levels -- For Lowest Risk,
Enter Near Strong Support -- What Makes Some S/R Points
Stronger Than Others? -- Longer Time Frames Offer More
Reliable S/R Indicators -- Check Shorter Time Frames to
Detect Interim S/R Levels -- Trends and Trend Lines --
Trends Vary with Time Frame -- Defining Trends, and
Constructing Trend Lines -- Types of Trend Lines -- Single
Uptrend or Downtrend Lines -- Channels: Better Than Single
Trend Lines -- Moving Averages (MAs) -- Fibonacci
Retracements (Fibs): These Fibs Don't Lie -- Applying Fibs
to Your Charts -- Fibs within Fibs -- Bollinger Bands
(BBs): Use as S/R in Range-Bound Markets -- Support/
Resistance (S/R) for Flat or Gently Sloping Trends: The
Bollinger Bounce -- Bollinger Bands Don't Provide
Meaningful S/R with Strong Trends -- Introduction to
Japanese Candle Chart Patterns -- More Key Points about
Japanese Candle Patterns -- Context and Timing Matter --
Introduction to Western Chart Patterns -- Classic Western
Reversal Patterns -- Beware False Breakouts, Shake Outs,
and Other Fake Outs -- Other Reversal Patterns to Know --
Classic Western Continuation Patterns -- We Repeat: False
Breakouts Happen -- Other Continuation Patterns --
Patterns That Can Be Continuation or Reversal -- The
Underlying Logic of Chart Patterns -- The More S/R
Indicators, the Better -- Multiple Mutually Reinforcing S/
R Indicators: An Example -- CHAPTER 5 Trader Psychology
and Risk and Money Management (RAMM) -- RAMM: Preserving
Capital Is Your Top Priority -- The Inner Game: Trader
Psychology Basics -- Lesson 1: Seek Trading Styles and
Methods That Fit You -- Lesson 2: Basics of the Trader's
Mindset-Minimizing and Accepting Risk -- Lesson 3: Dealing
with Losing and Winning Streaks.
505 8 Why Trade Longer Time Frames -- Seek Safer Trading Styles
-- As with Driving, Speed Kills -- A More Level Playing
Field -- More and Better Information Means Better Trade
Decisions -- Trends Are More Reliable in Longer Time
Frames -- Ideal Trends For Long-Term Investors -- Other
Technical Indicators Are Better in Longer Time Frames --
Publicly Available Fundamental Data and Analysis Matters
in Longer Time Frames -- Lower Trading Costs -- Start Out
with Longer Duration Trades -- Content Quality: The Sign
of a Quality Broker -- The Essence of Good RAMM -- The
Three Pillars of RAMM -- Account Size and Affordable Loss
per Trade -- Setting Stop Losses: Basic Technique and
Psychology -- Where to Set Stop Losses: Two Criteria --
More Capital Allows Wider Stop Losses and a Wider Choice
of Low-Risk Trade Opportunities -- Balancing Risk versus
the Need to Win -- Method 1: Recent Range -- Method 2:
Average True Range (ATR) -- So How Much Capital Is Enough?
-- Leverage and Margin -- Position Sizing -- Avoid Having
Too Many Open Positions -- Entries Near Strong Support,
Exits Near Strong Resistance -- Entries -- Exits: Use
Trailing Stops to Protect and Maximize Gains -- Entries
and Exits: Single versus Multiple -- Risk-Reward Ratios
(RRRs) -- Example: How 1:3 RRRs Make Winners Out of Losers
-- Example: How 1:2 Risk-Reward Ratios Make Winners Out of
Losers -- Applying 1:3 RRR: An Example -- Acceptable RRR
Can Vary with Market Conditions -- More on Stop Loss
Orders: An Example of Using ATR to Gauge Volatility and
Place a Fixed or Trailing Stop Loss Order -- If You Fail
to Plan, You Plan to Fail -- What's Your Rationale for
Taking This Trade? -- No. 1: Plan Every Trade and Record
It in a Journal -- Sample Trade Rationale as Recorded in
Journal -- No. 2: Your Overall Business Plan -- What
Conditions Do You Need for Success? -- Safety in Numbers:
Build a Team.
505 8 CHAPTER 6 Essentials of Fundamental Analysis -- Using
Fundamental Analysis (FA) and Technical Analysis (TA)
Together -- An Overview of FA: Main Fundamental Drivers of
Forex Trends -- Overall Risk Appetite -- Short-Term
Interest Rates -- Macroeconomic Data and Indicators --
Example: EURUSD Uptrend Reverses in Late 2009 as Data Show
Europe Slows, U.S. Grows -- Geopolitics -- Capital and
Trade Flows -- Merger and Acquisition (M & A) Activity --
Short-Term Illiquidity: A Lack of Buyers and Sellers --
Government and Central Bank Special Interventions in Times
of Crisis -- News Trading: Day Trading Based on Short-Term
Fundamentals -- What News Traders Watch -- FA Basics: Easy
to Understand and Hard to Apply -- Therefore, Get Thee to
an Analyst -- Combining FA and TA: An Example -- CHAPTER 7
Pulling It All Together with Trade Examples -- Identifying
and Executing Low-Risk, High Potential Yield Trades --
Begin Your Search On Longer Time Frame Charts, Then Zoom
In -- Consider the Fundamental Context -- Initial
Screening on Longer Time Frame Charts -- Second Screening
-- Third Screening to Monitor Trade Progress -- Types of
Trades -- Trade Example 1: A Swing Trade -- Initial
Screening -- Second Screening -- RRR Evaluation --
Conclusion: We Take the Trade -- Trade Postmortem: What
Happened -- Trade Example 2: A Breakout Trade -- First
Screening -- Second Screening -- RRR Evaluation --
Conclusion: Know When to Walk Away -- Trade Postmortem:
Was I Right? -- More Key Trader Psychology: Distinguishing
between Good Trades and Winning Trades -- CHAPTER 8
Technical Analysis: Basic Momentum Indicators -- Double
Bollinger Bands (DBBs)-Use as Momentum Indicators -- DBB
Basics -- The Four Rules for Using Double Bollinger Bands
-- Combine DBBs with a Leading Indicator -- DBBs:
Conclusion and Summary -- Moving Average Crossovers --
Price Crosses Over or Under a Moving Average.
520 "The traders' guide to making the most of one the hottest
areas in finance: Forex tradingStart Trading Forex Right
Now is the accessible introduction to one of today's most
convenient way to make money written by a trader for
traders. Forex offers some of the best reward/risk
opportunities of any financial markets, and this book is
designed to fit the way traders actually think and
execute. Walking the reader through selecting a trading
plan based on evidence that supports the plan (complete
with benchmarks for selecting evidence), the book also
provides simple technical analysis tools, along with
concrete examples and anecdotes, that show how and when to
buy low and sell high, along with step-by-step information
on how to enter and exit a trade and understand leverage
and risk. Throughout, the book stresses one key theme:
plan and execute high probability trades or, at the very
least, avoid big losses. Exploring how to avoid "mindless
trading," the book covers everything you need to know,
authored by Seeking Alpha's number one currency strategy
opinion leader, Cliff Wachtel. The professional's guide to
Forex trading, one of the easiest ways to trade Packed
with visual data to bring the topic to life Includes
appendices full of additional online resources including
trading platforms and discussion forums Designed specially
for individual and retail traders The practical,
accessible introduction to Forex trading, Start Trading
Forex Right Now is essential reading for any trader
interested in getting started in currency trading"--
|cProvided by publisher.
588 0 Print version record and CIP data provided by publisher.
590 O'Reilly|bO'Reilly Online Learning: Academic/Public
Library Edition
650 0 Foreign exchange market.
650 0 Foreign exchange futures.
650 6 Marché des changes.
650 6 Change à terme.
650 7 Foreign exchange futures|2fast
650 7 Foreign exchange market|2fast
776 08 |iPrint version:|aWachtel, Cliff, 1959-|tSensible guide to
Forex.|dHoboken, New Jersey : Wiley, 2012|z9781118250716
|w(DLC) 2012005565
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