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FX Trading: A Guide to Trading Foreign Exchange, 2nd Edition

FX Trading: A Guide to Trading Foreign Exchange, 2nd Edition

Alex Douglas, Larry Lovrencic, Peter Pontikis

ISBN: 978-0-730-37652-1

Apr 2012, Wrightbooks

288 pages

In Stock



Your total plain-English guide to trading Forex

Open 24 hours a day, 5½ days per week, and trading nearly $4 trillion (US) per day, Forex is the biggest, fastest growing financial market in the world. Your complete A-to-Z guide, FX Trading gets you up to speed on everything you need to know to make a killing trading Forex. Starting with the basics of money management, analysis, and FX market trading mechanics, it swiftly advances into more advanced territory, discussing trading strategies and wealth management.

From quotations, pips and spreads to the pros and cons of using online brokers and websites to FX risk management, FX Trading is an indispensable tool of the trade for beginners and experienced Forex traders alike.

  • Helps you to see past the media hype, while alerting you to common Forex trading mistakes and pitfalls and how to avoid them
  • Filled with invaluable expert insights and proven strategies, backed by numerous examples, charts and checklists
  • Updated to reflect the enormous growth in Forex trading and the new players involved, as well as the many changes wrought by the global financial crisis and the rapid evolution of electronic trading platforms

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Preface vii

About the authors xi

1 Money management — an overview 1

2 What is foreign exchange? 3

3 Show me the money! 23

4 Talking the talk 31

5 Who’s who at the FX marketplace 51

6 Trading platforms for retail traders 69

7 Factors in uencing FX markets 89

8 Technical analysis for traders 115

9 FX fundamental analysis for traders 159

10 FX trading at the big end of town 181

11 Introduction to FX trading strategy 201

12 Money management — the fundamentals 231

13 (Your) Wealth on the global stage 241

14 New technology 253

Conclusion and next steps 261

Appendix: World currency codes 263

Index 267