Skip to Content
Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading
book

Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading

by Peter Rosenstreich
June 2005
Beginner
304 pages
5h 40m
English
Pearson
Content preview from Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading

12. Trends and the Yuan

Forex typically makes any so-called "trend spotter" appear foolish. While I was writing and editing this chapter, Southeast Asia changed forever. An undersea earthquake caused giant waves to slam into coastlines throughout the region. In just a few horrifying minutes, hundreds of thousands of people were killed. Outside of the human cost, governments and economies were forced to adjust in a matter of days. This is a perfect example of chaos theory and the interconnectivity of today's global markets. No analyst, of course, predicted this "X factor" or Black Swan in his daily reports. But it has dominated the market psyche, and it has forever altered the region.

The larger lesson is that this market is too dynamic to pin ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Read now

Unlock full access

More than 5,000 organizations count on O’Reilly

AirBnbBlueOriginElectronic ArtsHomeDepotNasdaqRakutenTata Consultancy Services

QuotationMarkO’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
QuotationMarkI wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
QuotationMarkI’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
QuotationMarkI'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Mark W.
Embedded Software Engineer

You might also like

FT Guide to Foreign Exchange Trading

FT Guide to Foreign Exchange Trading

Stuart Fieldhouse

Publisher Resources

ISBN: 013148690XPurchase book