The definitive introduction to FOREX tradingGetting Started in Currency Trading, Fourth Edition is both an introduction and a reference manual for beginning and intermediate traders. Starting with a description of the Foreign Exchange (FOREX) market and a brief history, the book includes an invaluable section made up of relevant FOREX terms clearly defined using examples. The FOREX market has grown substantially and evolved dramatically in recent years, and this new edition is designed to help the reader to adapt and take advantage of these changes.Including coverage of how to open a trading account, a step-by-step walk through the physical processes of placing and liquidating currency orders, and information on trading strategy and tactics complete with fundamental and technical analysis, the book has everything needed to assist the trader in the decision making process.New edition is revised and expanded to take into account all of the recent changes in the currency marketNow includes a step-by-step introduction for the new trader and additional material on regulationFOREXarithmetic calculations are presented in a clear, easy to understand way Recommendations, guidelines, and caveats appear throughout the bookThis new edition of Getting Started in Currency Trading contains significant new information,including a chapter on computers and FOREX, managed FOREX, and new information about regulation, alongside the author's successful trading plan, designed to help the reader put it all together. INDICE: AcknowledgmentsIntroductionPart 1: The Foreign Exchange MarketsChapter 1: The World of FOREXIntroductionWhat Is FOREX?What Is a Spot Market?Which Currencies Are Traded?Who Trades on the Foreign Exchange?How Are Currency Prices Determined?When do Currencies Trade?How is Money Made in FOREX?Why Trade Foreign Currencies?What Tools Do I Need to Trade Currencies?What Does It Cost to Trade Currencies?FOREX versus EquitiesFOREX versus FuturesSummaryChapter 2:A Brief History of Currency TradingIntroductionAncient TimesThe Gold Standard, 1816-1933The Federal ReserveSecurities and Exchange Commission, 1933-1934TheBretton Woods System, 1944-1973The End of Bretton Woods and the Advent of Floating Exchange RatesInternational Monetary MarketInto the MillenniumArrival ofthe EuroThe CFTC and the NFASummaryChapter 3: Five FOREX MarketsIntroductionSpot, Futures, Forwards, Options, Spread BettingCurrency FuturesContract SpecificationsCurrencies Trading VolumeU.S. Dollar IndexVolume and Open InterestWhere to Trade Currency FuturesFOREX FuturesSummaryChapter 4: Regulation: Past, Present, and FutureIntroductionRegulation in the FOREX MarketRegulation PastRegulation PresentRegulation FutureSummaryPart 2: Getting StartedChapter 5: The Language of FOREXIntroductionCurrency PairsMajor and Minor CurrenciesCross CurrencyExotic CurrencyBase CurrencyQuote CurrencyPipsTicksMarginLeverageBid PriceAsk PriceBid-Ask SpreadQuote ConventionMarket Maker and ECNTransaction CostRolloversCorrelationSummaryChapter 6: FOREX by the NumbersIntroductionPipsProfit and LossMarginLeverageThe Bid-Ask SpreadProfit ThresholdFor Futures TradersSummaryChapter 7: A Guide to FOREX Trading PlatformsIntroductionTrading Platform FeaturesMore Trading PlatformsProfessional FX PlatformsTrading Platform ChecklistA Kid in the Candy StoreSummaryChapter 8: Selecting a FOREX BrokerIntroductionBroker-Dealer Due DiligenceDemo AccountsMarket Maker or ECN?CostsLiquidity ProvidersCustomer ServiceTrading Pair PaletteFinancial StabilityComplaint and Error ResolutionAccount OptionsGames Brokers PlayTop Broker-DealersPopular Brokers-DealersThe Big Four Broker-DealersFor the Professional and Non-U.S. TraderSpread BettingFraud, Scams, and Off-ExchangeBroker-Dealer ChecklistSummaryChapter 9: How to Open a FOREX AccountIntroductionThe Demo AccountThe Live AccountRedundancySummaryChapter 10: Making the TradeIntroductionOrdersMarket OrdersLimit OrdersStop OrdersCombination OrdersSpecialty OrdersOrder PlacementOrder ExecutionOrder ConfirmationOpen OrdersOpen a Demo AccountSummaryPart 3: The Trader's ArsenalChapter 11: The FOREX MarketplaceIntroductionPortals and ForumsBroker-Dealer ReviewsEducational ResourcesNews and CalendarsManagement ToolsSystem Development ToolsData ServicesProgramming ServicesAdvisory ServicesReferences, Periodicals and BooksFun StuffSummaryChapter 12: Technical AnalysisIntroductionBar ChartsTrendlinesSupport and ResistanceRecognizing Chart PatternsReversal PatternsContinuation PatternsCandlestick ChartsPoint and Figure ChartsCharting CaveatPrediction versus DescriptionIndicators and OscillatorsRelative Strength IndicatorMomentum AnalysisMoving AveragesBollinger BandsIndicator CaveatCurve-Fit DataWave and Swing AnalysisCycle AnalysisTrading SystemsThe Technician's CreedThe Technician's CaveatSummaryChapter 13: News TradingIntroductionFundamental AnalysisFundamental ProblemsFundamental FactorsA Fundamental DiscussionForex NewsKey News ReleasesReality versus ExpectationNews TradingShockwave AnalysisStrategy and Tactics of News TradingSummaryPart 4: Winning is the Name of the GameChapter 14: Trading SpacesIntroductionCharts, Bars and Trading SpacesTrading ProfilesSelecting a Trading ProfileThe Market as a ProcessSummaryChapter 15: Setting Up ShopIntroductionThe Plan ComponentsThe Trading Platform PlanPre-Trade PlanTrading Session PlanPulling the TriggerPost-Trade PlanSummaryChapter 16: A Simple SystemIntroductionGeneral PrinciplesA KIS ToolboxA Simple SystemNot So SimplePairs to TradeSummaryPart 5: The Goodman Method of TradingChapter 17: Goodman Wave TheoryIntroductionThe Basic Market ParadigmGoodman Wave TheoryThe Basic Goodman SetupSummaryChapter 18: The Propagation Trade SetupIntroductionThe PTSSummaryChapter 19: The Dagger, the Waltz and the LineIntroductionThe Belgian DentistEnter the DaggerWaltzing the TradeThe Line! The Line!SummaryChapter 20: The Proactive TraderIntroductionLaydownsBathtub AnalysisThe Propagation LensLooking Inward and OutwardMultiple 3-C CountsStationsGhost TradingSitting on Your HandsSummaryChapter 21: The 30 Trade Campaign ProgramIntroductionCapital AllocationThe Tracks of Your TradesPre-Trade ChecklistDiagnosticsCharacteristics of Successful TradersSummaryChapter 22: GoodmanismsGoodmanismsSummaryPart 6: Over the FOREX RainbowChapter 23: Tools for TradersIntroductionTechniquesTime StudiesFear and Greed, Greed and FearSummaryChapter 24: Options and ExoticsIntroductionOptionsA Primer on OptionsBasic Options TermsOptions: Pros and ConsThe Four Basic Options StrategiesPurchase or Write Options?Advanced Options StrategiesThe GreeksThe Retail FOREX Options LandscapeOptions or Spot FOREX?Risk Management with OptionsExoticsTrading ExoticsSummaryChapter 25: Managed FOREXIntroductionWhy Managed FOREX?Pros and ConsTypes of ManagersTypes of Managed AccountsTrading MethodsPerformance AnalysisTwo Methods of Performance AnalysisThe Due Diligence ProcessCosts and FeesSpotlight on ManagersResearch and ResourcesSummaryChapter 26: Computer TradingIntroductionTechnical AnalysisExpert AdvisorsAutomated Trading, Agents and BOTSGet on My CloudHigh-Frequency and Ultra-High-Frequency TradingInto the Future of FOREXThe Trend MachineGrid and Pac Man ProgramsArbitragePros and Cons of ArbitrageSummaryAppendix A: List of World Currencies and SymbolsAppendix B: Time Zones and Global FX Trading HoursAppendix C: Central Banks and Regulatory AgenciesAppendix D: ResourcesAbout the AuthorIndex
- ISBN: 978-1-118-25165-2
- Editorial: John Wiley & Sons
- Encuadernacion: Rústica
- Páginas: 400
- Fecha Publicación: 30/05/2012
- Nº Volúmenes: 1
- Idioma: Inglés