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

Name: FX Trading: A Guide To Trading Foreign Exchange, 2nd Edition
ISBN: 9780730376521

by Alex Douglas, Larry Lovrencic, Peter Pontikis

March 2012

Beginner

288 pages

6h 47m

English

Wrightbooks

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Cover
Table of Contents
Title Page
Preface
Chapter 1: Money management - an overview
Chapter 2: What is foreign exchange?
Market segments: wholesale, clients (of wholesale) and brokersWhy different sources quote different highs and lowsVolume of dataBrief history of the FX marketBringing Europe together and the birth of the euroThe rise of the Chinese yuanThe global financial crisis of 2008 and the currency marketsEuropean stresses and the euroExcellent sources of information on foreign exchange topics
Chapter 3: Show me the money!
Which currencies should you trade?
Chapter 4: Talking the talk
Price maker and price takerLong and shortPipsBig figureHandleBid and askSpreadQuoting conventions - which currency comes first?Direct and indirect quotesCalculating profit or loss for an FX tradeOther influences on profitabilityBulls and bearsInverted chartsLocal media reporting
Chapter 5: Who's who at the FX marketplace
Why does foreign exchange trading exist?Three broad groups of participantsWho else is in the FX 300?
Chapter 6: Trading platforms for retail traders
Choosing an online margin FX providerQuestions to ask when choosing a brokerHow do margin FX brokers make money?The next step

Chapter 7: Factors influencing FX markets
Supply and demandThe balance of paymentsInterest rates and money supply policyInflation and deflationAsset pricesCommodity prices and terms of tradeGovernment budget and fiscal policyCredit ratingsCurrency controlsPolitics and warsIndustrial relations, social unrest and natureMarket sentimentBig tradesData releases, speeches and minutesFundamentally, its only a beginning
Chapter 8: Technical analysis for traders
What is technical analysis?Assumptions made in technical analysisShort-term chart analysisLong-term bar chart analysisChart patternsTrend following indicatorsMomentum oscillator indicatorsThe moving average convergence divergence indicators (MACD)Bollinger BandsCandlestick chartsIchimoku Kinko Hyo chartsCurrencies are often observed moving in unisonTrade the market, not your opinion of the marketUse of tools that require a figure for the daily closeIdentify the current type of market activityStart with the big pictureVolumeKeep it simple
Chapter 9: FX fundamental analysis for traders
How do we determine exchange rates?Theories of exchange rate determinationEconomic indicatorsEconomic reportsEconomic reports scheduleSources of economic information
Chapter 10: FX trading at the big end of town
What is institutional FX?The players Market makers and price discoveryCurrency arbitrageThe 21st century generation of FX broking and tradingInstitutional online portals and the rise and rise of electronic brokersThe big guys are just like us - only bigger
Chapter 11: Introduction to FX trading strategy
Trend followingRange tradingTrading the breakout from a tight range - straddling the marketMean reversionPivot pointsForward rolls, forward points and carry tradesOptionsOption pay-off diagrams
Chapter 12: Money management - the fundamentals
The fixed fractional methodRisk management with open positionsFX risk calculator
Chapter 13: (Your) Wealth on the global stage
Accept you live in a currency volatile worldThe triple bet The mismatch of assets and life's liabilitiesWealth creation, protection and transfer in the international settingFirst step - knowing your needsBenefits of wealth managementWhere to now? The checklistSome final points
Chapter 14: New technology
Trading platformsBack-end technologiesVirtual private server (VPS)Algorithmic tradingSocial trading networksThe future
Conclusion and next steps
Appendix: World currency codes

Content preview from FX Trading: A Guide To Trading Foreign Exchange, 2nd Edition

Appendix: World currency codes

AED United Arab Emirates dirham

AFN Afghanistan afghani

ALL Albania lek

AMD Armenia dram

ANG Netherlands Antilles guilder

AOA Angola kwanza

ARS Argentina peso

AUD Australian dollar

AWG Aruba guilder

AZN Azerbaijan new manat

BAM Bosnia-Herzegovina convertible marka

BBD Barbados dollar

BDT Bangladesh taka

BGN Bularia lev

BHD Bahrain dinar

BIF Burundi franc

BMD Bermuda dollar

BND Brunei Darussalam dollar

BOB Bolivia boliviano

BRL Brazil real

BSD Bahamas dollar

BTN Bhutan ngultrum

BWP Botswana pula

BYR Belarus ruble

BZD Belize dollar

CAD Canada dollar

CDF Congo/Kinshasa franc

CHF Switzerland franc

CLP Chile peso

CNY China yuan renminbi

COP Columbia peso

CRC Costa Rica colon

CUC Cuba convertible peso

CUP Cuba peso ...

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

by Alex Douglas, Larry Lovrencic, Peter Pontikis

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.