A 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. How To Profit in the Forex Market is designed to help anyone-from day traders to mechanical traders, and everyone in between-to master the forex market, with the help of seventeen proven trading strategies. Because there are relatively few "insiders" trading forex, prices tend to move in concert with technical analysis indicators. As a result, there are significant opportunities for traders who can recognize unfolding patterns and are willing to withstand the nearly constant volatility. This book explains how to make the most of these opportunities, covering financial markets and how they've changed, how to identify your trading sensibilities, and how to capitalize on them using practical strategies. Introduces and explains forex trading in plain English Presents seventeen proven trading strategies Shows readers how to asses their own trading nature and use this knowledge to their advantage The forex markets offer incredible opportunities for making money, and How To Profit in the Forex Market explains exactly how.
Preface Acknowledgments Part One: Forex is a Game Chapter 1: How to Play the Game The Forex Game Forex and the Seven Majors Leverage Summary Chapter 2: How Money is Made in the Game Buy Low, Sell High Three Points in Every Trade Bid/Ask Spread What Causes the Price of Currencies to Fluctuate? Fraction Theory Reading The Chart Market Structure Summary Chapter 3: The Six Major Players Central Banks Commercial & Investment Banks Multi-National Corporations Institutional Traders Retail Forex Brokers Retail Traders Summary Chapter 4: Why You Must Play the Game Top 17 Reasons to Trade Forex Summary Chapter 5: Play it your way: Understanding your profile The Experiment The Five Categories of Forex Traders Your Perfect Strategy Summary Part Two: Strategies to Win the Game Chapter 6: Strategies for Scalpers Strategy #1: Rapid Fire Strategy Strategy #2: Piranha Strategy Chapter 7: Strategies for Day Traders Strategy #3: Fade the Break Strategy #4: Trade the Break Trading the News Strategy #5: Gawk-the-talk Strategy #6: Balk-the-talk Chapter 8: Strategies for Swing Traders Strategy #7: Trend Rider Strategy #8: Trend Bouncer Strategy #9: 5th Element Strategy #10: Power Ranger Strategy #11: The Pendulum Chapter 9: Strategies for Position Traders Strategy #12: Swap and Fly Strategy #13: Commodity Correlation (Part 1) Strategy #14: Commodity Correlation (Part 2) Strategy #14: Siamese Twins Chapter 10: Strategies for Mechanical Traders Strategy #15: Guppy Burst Strategy #16: English Breakfast Tea Strategy #17: Good Morning Asia Chapter 11: Conclusion Bibliography About the Author About the Website Index