Getting Started in Currency Trading: Winning in Today's Forex Market, 3rd Edition
by Michael D. ArcherFormat: eBook
Pub. Date: 2010-03-01
Publisher(s): Wiley
Availability: This title is currently not available.
Other versions by this Author
List Price: $20.95
Rent Book
Select for Price
New Book
We're Sorry
Sold Out
Used Book
We're Sorry
Sold Out
eBook
We're Sorry
Not Available
Summary
An accessible introduction to trading currenciesWhile the Foreign Exchange (Forex) market can be a very profitable place, you must have a firm understanding of how to operate within this environment if you intend on achieving any success.That's why you need Getting Started in Currency Trading, Third Edition. This reliable resource-written for both newcomers and those with some Forex experience-puts trading world currencies in perspective, and shows you exactly what it takes to make it in this field. Guides you through the process of opening your own account as well as the actual placing and managing of currency orders Offers specific trading strategies and tactics A companion Web site will provide updates on brokers and FOREX services; an author's Blog will answer your questions about all aspects of trading Includes a new chapter on Forex trading platforms The often confusing FOREX calculations are reduced to handy computer-side tablesOn the heels of the recent market crash, this fully revised Third Edition is filled with in-depth insights and practical advice that takes into account all of the recent changes in the currency market and shows you how to profit from them.
Table of Contents
| Introduction | |
| About This Book | |
| How This Book Is Organized | |
| Companion Web Site | |
| Disclaimer | |
| The Foreign Exchange Markets | |
| The FOREX Landscape | |
| Introduction-What Is FOREX? | |
| What Is a Spot Market? | |
| Which Currencies Are Traded? | |
| Who Trades on the Foreign Exchange? | |
| How Are Currency Prices Determined? | |
| Why Trade Foreign Currencies? | |
| What Tools Do I Need to Trade Currencies? | |
| What Does It Cost to Trade Currencies? | |
| FOREX versus Stocks | |
| FOREX versus Futures | |
| Summary | |
| A Brief History of Currency Trading | |
| Introduction | |
| Ancient Times | |
| The Gold Standard, 1816-1933 | |
| The Fed | |
| Securities and Exchange Commission, 1933-1934 | |
| The Bretton Woods System, 1944-1973 | |
| The End of Bretton Woods and the Advent of Floating Exchange Rates | |
| International Monetary Market | |
| Into the Millennium | |
| Arrival of the Euro | |
| The CFTC and the NFA | |
| Summary | |
| Two Ways to Trade FOREX | |
| Introduction-Futures Contracts | |
| Currency Futures | |
| Contract Specifications | |
| Currencies Trading Volume | |
| U.S. Dollar Index | |
| Volume and Open Interest | |
| Where to Trade | |
| FOREX Futures | |
| Summary | |
| Getting Started | |
| Regulation: Past,Present, and Future | |
| Regulation in the FOREX Market | |
| Regulation Past | |
| Regulation Present | |
| Regulation Future | |
| Summary | |
| The FOREX Lexicon | |
| Currency Pairs | |
| Major and Minor Currencies | |
| Cross Currency | |
| Exotic Currency | |
| Base Currency | |
| Quote Currency | |
| Pips | |
| Ticks | |
| Margin | |
| Leverage | |
| Bid Price | |
| Ask Price | |
| Bid-Ask Spread | |
| Quote Convention | |
| Market Maker and ECN | |
| Transaction Cost | |
| Rollover | |
| Summary | |
| Trading Tables | |
| Pips | |
| Profit and Loss | |
| Margin | |
| Leverage | |
| The Bid-Ask Spread | |
| Profit Threshold | |
| For Futures Traders | |
| Summary | |
| A Guide to FOREX Brokers | |
| Broker-Dealer Due Diligence | |
| Demo Accounts | |
| Market Maker or ECN? | |
| FCM or IB? | |
| Platform Capabilities | |
| Trading Tools | |
| The Trader's Desktop | |
| News | |
| Platform Stability and Backbone | |
| Historical Data | |
| Data Feed | |
| Orders | |
| Margin Requirements | |
| Order Backup | |
| Account Minimums | |
| Pairs, Crosses, and Exotics | |
| Deposits and Withdrawals | |
| Transaction Costs | |
| Trading Hours | |
| Customer Service | |
| Documentation | |
| Requoting | |
| Stop Harvesting | |
| Ballooning Spreads | |
| Financials | |
| Rollovers and Interest | |
| FOREX Broker-Dealers | |
| Popular Broker-Dealers | |
| The Big Three | |
| For the Professional | |
| Fraud, Scams, and Off-Exchange | |
| Broker-Dealer Due Diligence Form | |
| Summary | |
| Opening a FOREX Account | |
| Account Types | |
| Opening the Account: Steps | |
| Summary | |
| Making the Trade | |
| Orders | |
| Market Orders | |
| Limit Orders | |
| Stop Orders | |
| Combination Orders | |
| Specialty Orders | |
| Order Placement | |
| Order Execution | |
| Order Confirmation | |
| Open Orders | |
| Summary | |
| The Tools of The Trade | |
| Fundamental Analysis | |
| Supply and Demand | |
| Interest Rates | |
| Balance of Trade | |
| Purchasing Power Parity | |
| Gross Domestic Product | |
| Intervention | |
| Other Economic Indicators | |
| Forecasting | |
| Summary | |
| Technical Analysis | |
| Overview | |
| Bar Charts | |
| Trendlines | |
| Support and Resistance | |
| Recognizing Chart Patterns | |
| Reversal Patterns | |
| Continuation Patterns | |
| Candlestick Charts | |
| Point and Figure Charts | |
| Charting Caveat-Prediction versus Description | |
| Indicators and Oscillators | |
| Relative Strength Indicator | |
| Momentum Analysis | |
| Moving Averages | |
| Bollinger Bands | |
| Indicator Caveat-Curve-Fit Data | |
| Wave and Swing Analysis | |
| Cycle Analysis | |
| Trading Systems | |
| The Technician's Creed | |
| Summary | |
| A Trader's Toolbox | |
| General Principles | |
| A KIS Toolbox | |
| A Chart Interpretation Technique | |
| GSCS Rules | |
| The Nofri Congestion Phase Method | |
| Pugh Swing Chart Formations | |
| A Moving Average and Oscillator Battery | |
| Contrary Opinion | |
| Volume and Open Interest | |
| Heuristics | |
| Summary | |
| The FOREX Marketplace | |
| Organizing Your Bookmarks | |
| Portals and Forums | |
| Charting and Technical Services | |
| FOREX Education | |
| News and Calendars | |
| Live Data and APIs | |
| Historical Data | |
| System Development Tools | |
| FOREX Managed Accounts | |
| Peter Panholzer | |
| Advisory Services | |
| Online Reference Guides | |
| Spread and Binary Betting | |
| Periodicals-In Print and Online | |
| Books | |
| Summary | |
| Retail FX Platforms | |
| Professional FX Platforms | |
| Trading Platform Features | |
| Summary | |
| The Complete Forex Trader | |
| The Plan! The Plan! | |
| Parts of the Plan | |
| Plan Materials | |
| Mission-Critical Information Sheet | |
| Biofeedback Form | |
| The Snowflake Method | |
| Trade Heuristic Worksheet | |
| Trade Campaign Worksheet | |
| Continuation Charts | |
| SnagIt | |
| Performance Diagnostics | |
| Record Keeping | |
| When Things Go Wrong | |
| Summary | |
| Money Management Simplified | |
| Breaking Even-The Belgian Dentist | |
| Expectations | |
| Trader Profiles | |
| Parameters for Trader Profiles | |
| The Trade Campaign Method (CTM) | |
| Calculating CTM Profit and Loss | |
| Protecting Profits | |
| Stop-Loss Orders-Physical or Mental? | |
| Selecting Currency Pairs to Trade | |
| Summary | |
| Psychology of Trading | |
| The Trading Pyramid | |
| Fear and Greed,Greed and Fear | |
| Profiling Performance | |
| The Attitude Heuristic | |
| Characteristics of Successful Traders | |
| Summary | |
| Improving Your Trading Skills | |
| Techniques | |
| Skills | |
| Trading the News | |
| Summary | |
| Extra for Experts | |
| Options and Exotics | |
| Options | |
| An Options Primer | |
| Basic Options Terms | |
| The Pros and Cons of Options | |
| The Four Basic Options Strategies | |
| Purchasing and Writing Options | |
| Advanced Options Strategies | |
| The Greeks | |
| The Retail FOREX Options Landscape | |
| Options for Trading | |
| Options for Money Management | |
| Exotics | |
| Trading Exotics | |
| Summary | |
| Computers and FOREX | |
| Technical Analysis | |
| Expert Advisors | |
| Automated Trading and BOTS | |
| High-Frequency and Ultra-High-Frequency Trading | |
| Into the Future of FOREX | |
| The Trend Machine | |
| Arbitrage | |
| Pros and Cons of Arbitrage | |
| Summary | |
| How the FOREX Game Is Played | |
| Market Makers and ECNs | |
| A Peek under the Hood | |
| List of World Currencies and Symbols | |
| Euro Currency Unit | |
| Time Zones and Global FX Trading Hours | |
| Central Banks and Regulatory Agencies | |
| Resources | |
| Periodicals | |
| Books | |
| Web Sites | |
| Online FOREX Tour | |
| FX Calculation Scenarios | |
| Calculating Profit and Loss | |
| Calculating Units Available | |
| Calculating Margin Requirements | |
| Calculating Transaction Cost | |
| Calculating Account Summary Balance | |
| Glossary | |
| Index | |
| Table of Contents provided by Publisher. All Rights Reserved. |
An electronic version of this book is available through VitalSource.
This book is viewable on PC, Mac, iPhone, iPad, iPod Touch, and most smartphones.
By purchasing, you will be able to view this book online, as well as download it, for the chosen number of days.
Digital License
You are licensing a digital product for a set duration. Durations are set forth in the product description, with "Lifetime" typically meaning five (5) years of online access and permanent download to a supported device. All licenses are non-transferable.
More details can be found here.
A downloadable version of this book is available through the eCampus Reader or compatible Adobe readers.
Applications are available on iOS, Android, PC, Mac, and Windows Mobile platforms.
Please view the compatibility matrix prior to purchase.