Description
Book SynopsisA plain English approach to successful forex, filled with proven money-making strategies The foreign exchange (forex) market is the most actively traded market in the world, with hundreds of billions of dollars exchanged every day.
Table of ContentsPreface xi
Acknowledgments xix
Part One Forex Is a Game 1
Chapter 1 How to Play the Game 3
The Forex Game 3
Forex and the Seven Majors 5
Leverage 11
Summary 14
Chapter 2 How Money Is Made in the Game 15
Buy Low, Sell High 15
Three Points in Every Trade 17
Bid/Ask Spread 23
What Causes the Price of Currencies to Fluctuate? 25
Fraction Theory 30
Reading the Charts 31
Market Structure 37
Summary 48
Chapter 3 The Six Major Players 51
Central Banks 51
Commercial and Investment Banks 58
Multinational Corporations 62
Institutional Traders 68
Retail Forex Brokers 69
Retail Traders 70
Summary 70
Chapter 4 Why You Must Play the Game 73
Top 17 Reasons to Trade Forex 73
Summary 84
Chapter 5 Play It Your Way: Understanding Your Profile 87
The Experiment 88
Five Categories of Forex Traders 92
Your Perfect Strategy 98
Summary 107
Part Two Strategies to Win the Game 109
Includes details on the FXPRIMUS 100% bonus trading credit
Chapter 6 Strategies for Scalpers 111
Strategy 1: Rapid-Fire Strategy 111
Strategy 2: Piranha Strategy 118
Chapter 7 Strategies for Day Traders 125
Strategy 3: Fade the Break 126
Strategy 4: Trade the Break 131
Trading the News 138
Strategy 5: Gawk the Talk 143
Strategy 6: Balk the Talk 148
Chapter 8 Strategies for Swing Traders 155
Strategy 7: Trend Rider 155
Strategy 8: Trend Bouncer 163
Strategy 9: Fifth Element 169
Strategy 10: Power Ranger 177
Strategy 11: The Pendulum 185
Chapter 9 Strategies for Position Traders 191
Strategy 12: Swap and Fly 192
Strategy 13: Commodity Correlation (Part 1) 199
Strategy 13: Commodity Correlation (Part 2) 204
Strategy 14: Siamese Twins 210
Chapter 10 Strategies for Mechanical Traders 217
Strategy 15: Guppy Burst 217
Strategy 16: English Breakfast Tea 223
Strategy 17: Good Morning Asia 228
Chapter 11 Conclusion 235
Bibliography 239
About the Author 241
About the Website 243
Plus FXPRIMUS 100% bonus trading credit
Index 245
