Mastering the Currency Market: Forex Strategies for High and Low Volatility Markets
Make Volatility and Risk Work for\ You with Forex Trading!\ “This book should be in every trader/investor’s library.\ As we come out of this\ depressed market . . . this book can be your companion, helping you avoid\ mistakes and enhance your trading/investment program.”\ —Bill M. Williams, author of Trading Chaos\ “Whether you’re just getting started trading the world’s most exciting financial market,\ or you’re looking to add to your trading edge, [the authors] have written an engaging\...
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Make Volatility and Risk Work forYou with Forex Trading!“This book should be in every trader/investor’s library. As we come out of thisdepressed market . . . this book can be your companion, helping you avoidmistakes and enhance your trading/investment program.”—Bill M. Williams, author of Trading Chaos“Whether you’re just getting started trading the world’s most exciting financial market,or you’re looking to add to your trading edge, [the authors] have written an engagingbook packed with powerful techniques that you can use right now.”—Rob Booker, trader, author, educator, and founder and host of TraderRadio.netForex traders perform exceptionally well in highly volatile, risky, and active markets. Andwith the leveling out of international markets and the increase in competition this breeds,dramatic growth is virtually assured—so now is the time to enter this exciting and lucrativemarket.Mastering the Currency Market walks you through all the steps for entering the market withthe confidence and smarts you need. It provides a solid foundation on the basics of foreignexchange, then examines more advanced topics, such as: Hedging against fluctuations in currency values Long-range planning and risk management Techniques applicable to countertrending and low-volatility marketsJay Norris is a senior market strategist andtrading instructor for BrewerFX in Chicago.He worked on the trading floor of the ChicagoBoard of Trade throughout the 1980sand 1990s in various roles before moving tothe customer side of the business in 2001. Hehas published several articles about tradingin Technical Analysis of Stocks & Commoditiesmagazine.Al Gaskill is an independent trader, an instructor,and a principal in Brewer InvestmentGroup.Teresa Bell is an educator for www.Trading-u.com.
Preface viiPart 1 Introduction to Trading Currencies1 Types of Financial Markets 3Part 2 Fundamental Analysis2 The Why of Price Valuation 21Part 3 Technical Analysis3 Charts for Trading 514 Candlestick Charts 635 Support and Resistance 816 Chart Patterns 1257 Technical Indicators 1538 Trading Techniques 1879 Tying the Technical Indicators Together: Trade Signals and Quantifying Trends 205Part 4 Trading Philosophy10 Trading Psychology 24311 Trading the Appropriate Time Frame 251Part 5 Risk Management12 Risk and Money Management 26513 Creating a Trading Plan and Keeping a Trading Journal 275Conclusion: Mastering the Markets 291Index 295
