Profiting with Forex introduces investors to all the advantages of the global foreign exchange market and shows them how to capitalize on it. Readers will learn why forex is the perfect supplement to stock and bond investing; why it is unrivaled in terms of protection profit potential and ease of use; and how it can generate profits whether the other markets are up of down.
Written by two leading forex experts this complete investing resource uses basic economic principles solid technical analysis and lots of common sense to develop an arsenal of tools and techniques that will lead to winning results in the lucrative foreign exchange marketplace. Profiting with Forex includes everything that investors need to know about:
The many advantages of the forex market: huge market size ease of entry profit potential tax incentives 24-hour trading no commissions increased leverage and guaranteed stops The basic terms of forex trading: definitions of important concepts including "pip" "currency pair" "contract" or "lot" and more Genesis and growth of the forex market: how the forex market emerged out of a changing global financial landscape and continues to changes and adapt with that same volatile landscape Fundamental factors that shape the Forex market: the U.S. government inflation the U.S. stock market China and other emerging markets oil and breaking news Fundamental tools for tracking Forex market changes: interest rates Treasury International Capital Data Consumer Price Index S&P 500 U.S. dollar vs. Chinese yuan balance of trade crude oil futures and news media Technical analysis tools and indicators for gauging market sentiment: moving averages oscillating indicators such as stochastics Commodity Channel Index Relative Strength Index Fibonacci analysis and others Filled with over 150 illustrations and figures Profiting with Forex also shows investors how to combine their newly acquired knowledge of Forex fundamentals with proven trading techniques that can generate great rewards in the market.
[]
An effective way to reverse a trade's fortune
Almost all trading books focus on "winning" trades. But winning trades can be hard to come by especially when you're just starting out.
Turning Losing FOREX Trades into Winners takes a look at this discipline from a different angle examining effective methods for dealing with trades that are in a losing position. First it guides the trader through the various steps of determining if a trade is with or against the overall trend. Then it explains how to decide when a trade should be closed or left open. While this reliable resource is filled with in-depth insights and expert advice that will help readers gain a better understanding of today's FOREX market it also contains hundreds of chart examples that will provide step-by-step instructions on how traders can recover from losses.
[]
The guide for reading long-term trends in the foreign currency marketTo thrive in the marketplace traders must anticipate enter and stay with trends in the foreign exchange market.
In this much-needed guide top forex expert Greg Michalowski clearly explains the attributes of successful traders and shows how traders can set themselves up for success by drafting an explicit mission statement and game plan. The book also contains the tools and techniques traders need to read the markets and identify when a market is in a trend. Michalowski shows traders how to enter an emerging trend how to manage the position and how to exit the position most effectively.
- Includes the technical tools needed to invest in the foreign exchange market: moving averages trendlines and Fibonacci levels
- Shows how to identify a trend and stick with the trend through its duration
- Written by Greg Michalowski who was cited by SmartMoney magazine as a "go to" source for making money moves
With this book Michalowski offers an important resource for identifying and riding out long-term trends in the volatile foreign currency.[]
A top forex trader reveals how to ease into this market and excelTrading the forex market has become one of the most popular forms of trading mainly because of its twenty-four-hour access and the fact that there is always a bull market available in this arena. But not everyone is interested in quitting their jobs and spending all day trying to make a living trading. That's where Forex in Five Hours a Week comes in. This book shows readers how they can master a few techniques focus their efforts on their choice of time frame and profit in the forex market. Readers with a day job and little time to dedicate to the market will learn all they need to know to capture consistent profits[]
Make Volatility and Risk Work for You with Forex Trading!
“This book should be in every trader/investor’s library. As we come out of this depressed market . . . this book can be your companion helping you avoid mistakes and enhance your trading/investment program.”
—Bill M. Williams author of Trading Chaos
“Whether you’re just getting started trading the world’s most exciting financial market or you’re looking to add to your trading edge [the authors] have written an engaging book packed with powerful techniques that you can use right now.”
—Rob Booker trader author educator and founder and host of TraderRadio.net
The foreign exchange market is the largest trading market in the world with average daily volume well into the trillions. Because the market is always characterized by high liquidity forex traders benefit most from volatile markets—making it the ideal investment approach today and well into the future.
Mastering the Currency Market is a comprehensive guide to currency and futures trading strategies and techniques for both highly volatile and nonvolatile markets.
Putting to work their vast and highly diverse experience in forex trading the authors explain how to take advantage of the many benefits of foreign exchange trading including its low cost of entry afforded by margin and the dynamic pricing by nature of the competitive marketplace. Mastering the Currency Market is divided into five sections covering:
- The basics of trading currencies
- Fundamental analysis of price valuation
- Technical analysis and trading charts
- Trading philosophy and psychological discipline
- Volatility and risk management
With four decades of combined experience the authors clearly communicate to you a trading method that will give you the confidence to both analyze markets and execute trades successfully regardless of underlying market conditions.
As 2008 introduced nightmare scenarios for investors around the world it was Al Gaskill’s most productive period of his trading career. He used the same trading methods spelled out in this book.
Apply the lessons inside and you’ll see profits rise during periods of high market volatility and when the market slows down you can downshift to countertrending methods. It’s a win-win investing method and Mastering the Currency Market leads you through it every step of the way.
[]
This currency trading book provides readers with real practical information on how to trade the foreign exchange market effectively. It begins by covering introductory information on the forex market including basic trading mechanics and the benefits of forex trading and then goes on to describe specific currency trading methods and skills in step-by-step detail. This includes highly practical information on technical and fundamental analysis risk and money management and powerful forex trading strategies. These strategies have proven extremely effective in helping traders play the forex game to win.
JAMES CHEN CTA CMT (Montville NJ) is Chief Technical Strategist at FX Solutions a leading foreign exchange broker. An expert on forex trading and technical analysis he is also a registered Commodity Trading Advisor (CTA) and a Chartered Market Technician (CMT). Mr. Chen writes daily currency analysis leads forex trading seminars and has authored numerous articles on currency trading strategy and technical analysis for major financial publications. These include Forbes.com Futures Magazine Technical Analysis of Stocks and Commodities Magazine and Stocks Futures and Options (SFO) Magazine.[]
The foreign-exchange market is often referred to as the Slaughterhouse where novice traders go to get 'chopped up'. It is one of egos and money where millions of dollars are won and lost every day and phones are routinely thrown across hectic trading desks. This palpable excitement has led to the explosion of the retail FX market which has unfortunately spawned a new breed of authors and gurus more than happy to provide misleading and often downright fraudulent information by promising traders riches while making forex trading 'easy'.
Well I'll let you in on a little secret: there is nothing easy about trading currencies. If you don't believe me then stop by Warren Buffet's office and ask him how he could lose $850m betting on the dollar or ask George Soros why his short yen bets cost him $600m not once but twice in 1994. What's wrong with these guys don't they read FX books?
In reality the average client's trading approach combined with the unscrupulous practices of some brokers make spot FX trading more akin to the games found on the Vegas strip than to anything seen on Wall St. The FX market is littered with the remains of day traders and genius 'systems' and to survive in the long-run traders have to realize that they are playing a game where the cards are clearly stacked against them.
Have you ever had your stop hit at a price that turned out to be the low/high for the day? Bad luck perhaps? Maybe. What if it happens more than once? Do you ever feel like the market is out to get you? Well guess what in this Zero Sum game it absolutely is.
Covering the day-to-day mechanics of the FX market and the unsavoury dealings going on Beat the Forex Dealer offers traders the market-proven trading techniques needed to side-step dealer traps and develop winning trading methods. Learn from an industry insider the truth behind dirty dealer practices including: stop-hunting price shading trading against clients and 'no dealing desk' realities.
Detailing the dealer-inspired trading techniques developed by MIGFX Inc consistently ranked among the world's leading currency trading firms the book helps turn average traders into winning traders; and in a market with a 90% loss rate winning traders are in fact quite rare! More than just a simple manual Beat the Forex Dealer brings to life the excitement of the FX market by delivering insights into some of the greatest trading triumphs and highlighting legendary disasters; all written in an easy to read style.
Make no mistake about it there is a lot of money to be made in currency trading you just have to know where to look. Sidestepping simple dealer traps is one way of improving your daily p&l but it is surely not the only one. Successful trading comes down to taking care of the details which means skipping the theoretical stuff and providing only up-to-date real-life examples while sharing the FX trading tips that have proved so profitable over the years. By stripping away the theory and getting down to the core of trading you too will find yourself on the way to beating the forex dealer![]
