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Auteur(s) : James Dicks

Editeur : Mcgraw Hill Llc

Langue : Anglais

Parution : 01/04/2004

Format : Moyen, de 350g à 1kg

Nombre de pages : 256

Expédition : 490

Dimensions : 24.0 x 16.1 x 2.2

ISBN : 9780071438940

Résumé :

The first plain-English introduction to foreign currency exchange trading--one of today's hottest profit opportunities

The foreign currency market is the largest financial market in the world, and foreign exchange trading is quickly becoming one of today's most high-profile, potentially lucrative markets. One problem is that books on the topic are complex, technically dense, and difficult for Forex novices to grasp.

FOREX Made Easy is the first book to approach the topic in a detailed yet accessible style, gradually and deliberately moving from simple to complex in easy and natural language. Author James Dicks--founder of the popular trading software 4X Made Easy--draws upon his trading knowledge to give readers only the information they need, from setting up a workstation to trading electronically.

This Forex guidebook provides traders with:

• An easy-to-follow, six-step process for FOREX trading
• Methods for gaining an advantage using technical analysis
• Dozens of examples to illustrate key points

...

Biographie:
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide...

Sommaire:

Preface xiii

Acknowledgments xv

1 What Is the FOREX? 1

Introduction 1FOREX Defined 12A Brief History of the FOREX 13Free-Floating FOREX Market 13Major FOREX Participants 14

2 More FOREX 15

Currency Pairs 15Recommended Currency Pairs 16Why Trade the FOREX 19Volume in the FOREX 19Analyzing the FOREX 23How Profits Are Made 23The FOREX as a Two-Way Market 25

3 Forecasting the Market 29

Fundamental Analysis 29Technical Analysis 32Fundamental versus Technical Analysis 33

4 Currency Options 35

Currency Options Introduction 35Options Pricing 36Advantages of Trading Options 37European and American Options 37Exotic Options 38Lock in Profits 40Accelerate Your Profits 41

5 Creating a Workstation for Trading 43

Workstation Location 43Trading Computer and Accessories 44Internet Connection 45Trading Software Programs 45Continuing Education 48

6 Fundamentals of Trading 51

Introduction to Trading Theory 52Trends Defined 53Trend Cycles 53High-Probability Trading 55Sideways, Nontrend Strategy: Wait for Strong Trends 55Uptrend Trading Strategy: But at Dip Bottoms 55Downtrend Trading Strategy: Sell at Rally Tops 58Symmetrical Triangle 58Ascending Triangle: A Bullish Continuation Pattern 63Descending Triangle 65The Falling Broadening Formation 67Support Breakdown or Resistance Breakout 67The Double Bottom 68Head and Shoulders (Crown) 70

7 Economic Fundamentals 73

Introduction 73Economic Indicators 74Inflation Indicators 76Employment Indicators 78Consumer Spending Indicators 78Leading Indicators 79

8 Introduction to Technical Analysis 81

Technical Analysis Defined 81Technical Analysis Assumptions 82Bar and Candlestick Charts 83Technical Analysis Terms 86Market Patterns: Uptrends, Downtrends,and Sideways Trends 87Support and Resistance 95Moving Averages 95

9 Advanced Trading Charts and Indicators 103

Tools for Technical Analysis 104Bollinger Bands 104Directional Movement Index (DMI) 107Stochastic Indicator 107Moving Averages (Simple, Weighted, and Exponential) 110Moving Average Convergence/Divergence (MAC/D) 116Momentum 119Relative Strength Index (RSI) 119Rate of Change (ROC) 122Volume 122

10 Fibonacci Numerical Sequences and Elliot Waves 125

Introduction 125Fibonacci Rectangles and Shell Spirals 127Fibonacci Retracements 128Fibonacci Extensions 128Fibonacci Time 129Fibonacci Circles 130Elliot Waves 135

11 Money Management Principles 139

Trade with Sufficient Capital 140Exercise Discipline 140Be Patient and Persistent 141Employ Risk-to-Reward Ratios 141Follow Trading Rules 143Accept Losses 144Always, Always Use Stops 144When In Doubt, Stay Out 145Never Overleverage Your Account 145Make Realistic Goals That Can Be Achieved within Reason 146Always Trade with Money You Can Afford to Lose 147Protecting Your Profits 147Keep a Trading Log 147

12 Six Steps to Success 149

Identify Current Long- and Short-Term Trendsand Which Trend to Trade 149

Check News and Market Announcements 150

Identify Support an...