Profiting With Forex The Most Effective Tools and Techniques for Trading Currencies

by ;
Edition: 1st
Format: Hardcover
Pub. Date: 2006-08-02
Publisher(s): McGraw Hill
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Summary

The forex market is the world's largest, handling more than 33 times the combined daily trading volume of NYSE and Nasdaq Forex trading was up 57 percent in 2004 to $1.9 trillion per day, and is expected to reach $3 trillion per day in 2006 Reveals strategies for individual investors to apply both fundamental and technical analysis for trading in the increasingly important forex market

Author Biography

John Jagerson, CMT is content director for INVESTools, the leader in the investor education industry. A veteran futures trader, Jagerson writes weekly columns for INVESTools subscribers on trading strategies in forex, equities, options, and futures.

Table of Contents

ACKNOWLEDGMENTS ix
INTRODUCTION xi
CHAPTER 1 Profiting with Forex 1(36)
What Is the Forex Market?
3(1)
The Advantages of the Forex Market
3(5)
Mind the Gaps
8(14)
Life Is Going to Happen
22(3)
Diversification
25(1)
Protect and Multiply
26(2)
The Forex Can Be Fickle
28(1)
The Skeptic's FAQ
29(4)
Taking Advantage of the Forex Market
33(4)
CHAPTER 2 Basic Lingo Lesson 37(6)
Pip
37(1)
Currency Pair
38(3)
Contract (or Lot)
41(2)
CHAPTER 3 How the Forex Market Works 43(8)
CHAPTER 4 Genesis and Growth of the Forex Market 51(16)
The Modern Gold Standard
52(6)
It Has All Happened Before
58(7)
Profiting from History
65(2)
CHAPTER 5 Fundamental Analysis Tools 67(4)
CHAPTER 6 The U.S. Government 71(20)
The Fundamental Factor
71(1)
The National Debt
72(7)
The Fundamental Tool: TIC Data
79(3)
Interest Rates
82(2)
The Fundamental Tool: The Target Interest Rate
84(5)
Using the Tools
89(2)
CHAPTER 7 Inflation 91(10)
The Fundamental Factor
91(3)
Combating Inflation
94(2)
The Fundamental Tool: The Consumer Price Index (CPI)
96(4)
Using the Tools
100(1)
CHAPTER 8 The U.S. Stock Market 101(12)
The Fundamental Factor
101(4)
The Fundamental Tool: The S&P 500 via the SPY
105(6)
Using the Tools
111(2)
CHAPTER 9 China 113(18)
The Fundamental Factor
113(4)
United States' Dependence on China
117(2)
The Fundamental Tool: USD/CNY Exchange Rate
119(2)
The Asian Financial Crisis of 1997
121(5)
The Fundamental Tool: Balance of Trade
126(3)
Using the Tools
129(2)
CHAPTER 10 Oil 131(16)
The Fundamental Factor
131(1)
What Is Oil?
132(1)
The Genesis of Big Oil
132(4)
OPEC
136(2)
Oil and Your Portfolio
138(3)
The Fundamental Tool: NYMEX Crude Oil Futures
141(4)
Using the Tools
145(2)
CHAPTER 11 Breaking News 147(8)
The Fundamental Factor
147(2)
Guessing Right
149(3)
Guessing Wrong
152(1)
The Fundamental Tool: Technical Analysis
152(2)
Using the Tools
154(1)
CHAPTER 12 Seesaw of Supply and Demand 155(10)
The Seesaw and Individual Currencies
155(3)
The Seesaw and Currency Pairs
158(2)
Interest Rates and the GBP/JPY
160(3)
Conclusion
163(2)
CHAPTER 13 Technical Analysis Tools 165(10)
Technical Indicators
167(2)
Technical Analysis Tool: The Moving Average
169(1)
Technical Analysis Tool: Oscillating Indicators
170(3)
Terms of the Trade
173(2)
CHAPTER 14 Support, Resistance, and Fibonacci 175(38)
Support and Resistance
176(21)
Fibonacci
197(15)
Using the Tools
212(1)
CHAPTER 15 Putting It All Together—Trading Techniques 213(26)
Trading Technique 1: The Carry Trade
214(6)
Trading Technique 2: Trading Economic Announcements
220(4)
Trading Technique 3: Following Oil
224(4)
Trading Technique 4: Following Gold
228(6)
Trading Technique 5: Technical Divergences
234(4)
More Trading Techniques
238(1)
CHAPTER 16 Money Management 239(10)
Money Management Pitfalls
240(4)
Money Management Rules
244(4)
Conclusion
248(1)
CHAPTER 17 Getting Started 249(4)
Thanks, but No Thanks
249(1)
Profit with a Professional
250(1)
I'm Ready to Dive In
250(3)
Conclusion 253(2)
APPENDIX Fat Tails 255(6)
INDEX 261

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