September 2008
Beginner
252 pages
5h 53m
English
Content preview from The FX Bootcamp Guide to Strategic and Tactical Forex Trading
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PART ONE
Basic Training
The goal for Part One is to develop a common language that you and I can use. The rest of the book will discuss how the technical indicators highlighted in the first two chapters work together to tell a story of what is happening in the foreign exchange (forex) market.
Currency charts use candles and technical indicators to communicate. It is important for you to have a strong understanding of these building block indicators that form the foundation of the trading methodologies discussed in this book.
To learn this language as you read this book, I highly recommend that you take the time to set up your charting package with these indicators and settings so you can practice the methodology. Members of FX Bootcamp have access to a template that makes this easy. Nonmembers will just have to invest a little more time, but it will be worth the effort. Read the book, study the concepts, practice on your demo account, and develop long-term positive trading skills.
In Part One you will learn:
• The difference between a simple moving average (SMA) and an exponential moving average (EMA).
• How to trade moving average crossovers.
• How to use the moving average convergence divergence (MACD) indicator.
• How to trade MACD divergence.
• How to use Bollinger Bands.
• How to trade volatility.
• How to spot a technical reversal.
• How to identify support and resistance (S&R).
• How to trade a break or bounce of S&R.
• How to trade S&R role reversals.
• How to use ...
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O’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.
I 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.
I’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.
I'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.