50,99 €
Mehr erfahren.
- Herausgeber: John Wiley & Sons
- Kategorie: Fachliteratur
- Serie: Wiley Trading Series
- Sprache: Englisch
Play the forex markets to win with this invaluable guide to strategy and analysis Day Trading and Swing Trading the Currency Market gives forex traders the strategies and skills they need to approach this highly competitive arena on an equal footing with major institutions. Now in it's third edition, this invaluable guide provides the latest statistics, data, and analysis of recent events, giving you the most up-to-date picture of the state of the fast-moving foreign exchange markets. You'll learn how the interbank currency markets work, and how to borrow strategy from the biggest players to profit from trends. Clear and comprehensive, this book describes the technical and fundamental strategies that allow individual traders to compete with bank traders, and gives you comprehensive explanations of strategies involving intermarket relationships, interest rate differentials, option volatilities, news events, and more. The companion website gives you access to video seminars on how to be a better trader, providing another leg up in this competitive market. The multi-billion-dollar foreign exchange market is the most actively traded market in the world. With online trading platforms now offering retail traders direct access to the interbank foreign exchange market, there's never been a better time for individuals to learn the ropes of this somewhat secretive area. This book is your complete guide to forex trading, equipping you to play with the big guys and win--on your own terms. * Understand how the foreign currency markets work, and the forces that move them * Analyze the market to profit from short-term swings using time-tested strategies * Learn a variety of technical trades for navigating overbought or oversold markets * Examine the unique characteristics of various currency pairs Many of the world's most successful traders have made the bulk of their winnings in the currency market, and now it's your turn. Day Trading and Swing Trading the Currency Market is the must-have guide for all foreign exchange traders.
Sie lesen das E-Book in den Legimi-Apps auf:
Seitenzahl: 394
Veröffentlichungsjahr: 2015
Ähnliche
Table of Contents
Title Page
Copyright
Dedication
Preface
About the Author
Chapter 1: Foreign Exchange— The Fastest Growing Market of Our Time
EURUSD and Corporate Profitability
Nikkei and U.S. Dollar
George Soros
Chinese Yuan Revaluation and Bonds
Comparing the FX Market with Futures and Equities
FX versus Futures
Who Are the Players in the FX Market?
Chapter 2: Historical Events in the FX Markets
Bretton Woods: Anointing the Dollar as the World Currency (1944)
The End of Bretton Woods: Free Market Capitalism Is Born (1971)
Plaza Accord—Devaluation of the U.S. Dollar (1985)
George Soros—The Man Who Broke the Bank of England
Asian Financial Crisis (1997–1998)
Introduction of the Euro (1999)
Chapter 3: What Moves the Currency Market?
Fundamental Analysis
Technical Analysis
Currency Forecasting—What Bookworms and Economists Look At
Chapter 4: A Deeper Look at the FX Market
What Are the Best Times to Trade for Individual Currency Pairs?
Chapter 5: What Are the Most Market Moving Economic Data?
Relative Importance of Data Changes over Time
Resources
Chapter 6: What Are Currency Correlations, and How Can We Use Them?
Positive/Negative Correlations—What They Mean and How to Use Them
Chapter 7: Trade Parameters for Various Market Conditions
Keep a Trading Journal
Step #1: Determine the Trading Environment
Step #2: Determine the Time Frame for Trade
Risk Management
Chapter 8: Technical Trading Strategy: Multiple Time Frame Analysis
Chapter 9: Technical Strategy: Trading with Double Bollinger Bands
Using Double Bollinger Bands to Pick Tops and Bottoms
Chapter 10: Technical Trading Strategy: Fading the Double Zeros
Strategy Rules
Chapter 11: Technical Trading Strategy: Waiting for the Deal
Strategy Rules
Chapter 12: Technical Trading Strategy: Inside Days Breakout Play
Strategy Rules
Chapter 13: Technical Trading Strategy: Fader
Strategy Rules
Chapter 14: Technical Trading Strategy: 20-Day Breakout Trade
Strategy Rules
Chapter 15: Technical Trading Strategy: Channels
Examples
Chapter 16: Technical Trading Strategy: Perfect Order
Examples
Chapter 17: Fundamental Trading Strategy: Pairing Strong with Weak
Chapter 18: Fundamental Trading Strategy: The Leveraged Carry Trade
How Do Carry Trades Work?
Why Do Carry Trades Work?
When Will Carry Trades Work Best?
How Much Risk Are You Willing to Take?
When Will Carry Trades Not Work?
The Importance of Risk Aversion
Chapter 19: Fundamental Trading Strategy: Macro Event Driven Trade
Know When Big Events Occur: Here Is a List of a Few Important Ones
Chapter 20: Quantitative Easing and Its Impact on Forex
U.S. Quantitative Easing
UK Quantitative Easing
Japan Quantitative Easing
Eurozone Quantitative Easing
Chapter 21: Fundamental Trading Strategy: Commodity Prices as a Leading Indicator
Gold
Oil
Iron Ore and Dairy Prices
Trading Opportunity
Chapter 22: Fundamental Strategy: Using Bond Spreads as a Leading Indicator for FX
Calculating Interest Rate Differentials and Following the Currency Pair Trends
Interest Rate Differentials: Leading Indicator, Coincident Indicator, or Lagging Indicator?
Chapter 23: Fundamental Trading Strategy: Risk Reversals
What Does a Risk Reversal Table Look Like?
How Can You Use This Information?
Chapter 24: Fundamental Trading Strategy: Using Option Volatilities to Time Market Movements
How to Use Option Volatilities to Trade Forex
Tracking Volatilities on Your Own
Chapter 25: Fundamental Trading Strategy: Intervention
Japan
Switzerland
Eurozone
Chapter 26: Currency Profiles and Outlook
Currency Profile: U.S. Dollar (USD)
Chapter 27: Currency Profile: Euro (EUR)
Broad Economic Overview
Monetary and Fiscal Policy Makers—The European Central Bank
Important Indicators for the Euro
Chapter 28: Currency Profile: British Pound (GBP)
Broad Economic Overview
Monetary and Fiscal Policy Makers— Bank of England
Important Economic Indicators for the United Kingdom
Chapter 29: Currency Profile: Swiss Franc (CHF)
Broad Economic Overview
Monetary and Fiscal Policy Makers— Swiss National Bank
Important Characteristics of the Swiss Franc
Important Economic Indicators for Switzerland
Chapter 30: Currency Profile: Japanese Yen (JPY)
Economic Overview
Abenomics
Monetary and Fiscal Policy Makers
Important Economic Indicators for Japan
Chapter 31: Currency Profile: Australian Dollar (AUD)
Broad Economic Overview
Monetary and Fiscal Policy
Important Economic Indicators for Australia
Chapter 32: Currency Profile: New Zealand Dollar (NZD)
Broad Economic Overview
Monetary and Fiscal Policy Makers— Reserve Bank of New Zealand
Important Characteristics of the New Zealand Dollar
Important Economic Indicators for New Zealand
Chapter 33: Currency Profile: Canadian Dollar (CAD)
Broad Economic Performance
Monetary and Fiscal Policy
Important Economic Indicators for Canada
Index
End User License Agreement
Pages
ii
iii
iv
1
ix
xi
xii
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
53
54
55
56
57
58
59
61
62
63
64
65
67
68
69
70
71
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
117
118
119
120
123
124
125
126
127
129
130
131
132
133
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
177
178
179
180
181
182
183
184
185
187
188
189
190
191
192
193
195
196
197
198
199
200
201
203
204
205
206
207
208
209
210
211
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
255
256
257
258
259
260
261
263
264
265
266
267
268
269
270
271
272
273
274
275
276
Guide
Cover
Table of Contents
Begin Reading
List of Illustrations
Chapter 1: Foreign Exchange— The Fastest Growing Market of Our Time
Figure 1.1 USDJPY Chart
Figure 1.2 Centralized Market Structure
Figure 1.3 Decentralized Market Structure
Chapter 2: Historical Events in the FX Markets
Figure 2.1 Plaza Accord Price Action
Figure 2.2 GBPDEM after Soros
Figure 2.3 GBPUSD after Soros
Figure 2.4 Asian Crisis Price Action
Figure 2.5 USDJPY Asian Crisis Price Action
Figure 2.6 EURUSD Price Since Launch
Chapter 3: What Moves the Currency Market?
Figure 3.1 Dow and USDEUR
Figure 3.2 Charting Economic Surprises
Figure 3.3 EURUSD Chart
Figure 3.4 USDJPY September 11th Chart
Figure 3.5 Monetary Model
Figure 3.6 Real Interest Rate Model
Figure 3.7 The DAX Index and the EURUSD
Figure 3.8 Currency Substitution Model
Chapter 4: A Deeper Look at the FX Market
Figure 4.1 Currency Pair Ranges
Figure 4.2 Asian Session Volatility
Figure 4.3 U.S. Session Volatility
Figure 4.4 European Session Volatility
Figure 4.5 U.S.–Europe Overlap
Figure 4.6 Europe–Asia Overlap
Chapter 5: What Are the Most Market Moving Economic Data?
Figure 5.1 Range of EURUSD Following Economic Releases
Figure 5.2 EURUSD Daily Chart
Chapter 6: What Are Currency Correlations, and How Can We Use Them?
Figure 6.1 presents a sample of the output results
Chapter 7: Trade Parameters for Various Market Conditions
Figure 7.1 EURUSD Chart
Figure 7.2 Currency Checklist
Figure 7.3 Trend/Range Trading Rules
Figure 7.4 USDJPY Bollinger Band Chart
Figure 7.5 Risk Reversals
Chapter 8: Technical Trading Strategy: Multiple Time Frame Analysis
Figure 8.1 USDJPY Monthly Chart
Figure 8.2 USDJPY 15-Minute Chart
Figure 8.3 USDCAD Weekly Chart
Figure 8.4 USDCAD Hourly Chart
Figure 8.5 CHFJPY Hourly Chart
Figure 8.6 CHFJPY Daily Chart
Figure 8.7 CHFJPY 15-Minute Chart
Chapter 9: Technical Strategy: Trading with Double Bollinger Bands
Figure 9.1 EURUSD Bollinger Band Daily Chart
Figure 9.2 EURUSD Bollinger Band Daily Chart
Figure 9.3 EURUSD Bollinger Band Daily Chart
Figure 9.4 EURUSD Short Trade
Figure 9.5 EURUSD Long Trade
Figure 9.6 GBPUSD Bollinger Band Trend Range Chart
Figure 9.7 USDJPY Long Trade
Figure 9.8 GBPUSD Short Trade
Chapter 10: Technical Trading Strategy: Fading the Double Zeros
Figure 10.1 USDJPY 15-Minute Chart
Figure 10.2 GBPUSD 15-Minute Chart
Figure 10.3 USDCAD 15-Minute Chart
Chapter 11: Technical Trading Strategy: Waiting for the Deal
Figure 11.1 GBPUSD 5-Minute Chart
Figure 11.2 GBPUSD 10-Minute Chart
Figure 11.3 GBPUSD 15-Minute Chart
Chapter 12: Technical Trading Strategy: Inside Days Breakout Play
Figure 12.1 EURGBP Inside Day Chart
Figure 12.2 NZDUSD Inside Day Chart
Figure 12.3 EURCAD Inside Day Chart
Chapter 13: Technical Trading Strategy: Fader
Figure 13.1 USDJPY Daily Chart
Figure 13.2 USDJPY 60-Minute Chart
Figure 13.3 EURUSD Daily Chart
Figure 13.4 EURUSD 60-Minute Chart
Chapter 14: Technical Trading Strategy: 20-Day Breakout Trade
Figure 14.1 GBPUSD Daily Chart
Figure 14.2 EURUSD Daily Chart
Figure 14.3 AUDUSD Daily Chart
Chapter 15: Technical Trading Strategy: Channels
Figure 15.1 USDCAD 15-Minute Chart
Figure 15.2 EURGBP 15-Minute Chart
Figure 15.3 EURUSD 15-Minute Chart
Chapter 16: Technical Trading Strategy: Perfect Order
Figure 16.1 EURUSD Perfect Order Setup
Figure 16.2 USDSGD Perfect Order Setup
Figure 16.3 USDJPY Perfect Order Setup
Chapter 17: Fundamental Trading Strategy: Pairing Strong with Weak
Figure 17.1 EURGBP Daily Chart—Quantitative Easing
Figure 17.2 NZDCAD Daily Chart—Oil
Figure 17.3 EURUSD Daily Chart
Chapter 18: Fundamental Trading Strategy: The Leveraged Carry Trade
Figure 18.1 Leveraged Carry Trade Example
Figure 18.2 AUDCHF Carry Trade Example 1
Figure 18.3 Carry Trade Profitability
Figure 18.4 AUDCHF Carry Trade Example 2
Chapter 19: Fundamental Trading Strategy: Macro Event Driven Trade
Figure 19.1 EURUSD Ukraine Crisis
Figure 19.2 EURUSD Sovereign Debt Crisis
Figure 19.3 USDJPY Global Financial Crisis
Figure 19.4 EURUSD Election Trade
Figure 19.5 EURUSD G7 Meeting
Figure 19.6 USDCHF Iraq War
Chapter 20: Quantitative Easing and Its Impact on Forex
Figure 20.1 EURUSD US Fed QE
Figure 20.2 GBPUSD UK BoE QE
Figure 20.3 USDJPY Japan BoJ QE
Figure 20.4 EURUSD EZ ECB QE
Chapter 21: Fundamental Trading Strategy: Commodity Prices as a Leading Indicator
Figure 21.1 AUDUSD and Gold
Figure 21.2 CADUSD and Oil
Chapter 22: Fundamental Strategy: Using Bond Spreads as a Leading Indicator for FX
Figure 22.1 Yield Spread Table
Figure 22.2 EURUSD and Bond Spread
Figure 22.3 GBPUSD and Bond Spread
Figure 22.4 AUDNZD and Bond Spread
Chapter 23: Fundamental Trading Strategy: Risk Reversals
Figure 23.1 EURUSD Risk Reversal Chart
Figure 23.2 GBPUSD Risk Reversal Chart
Chapter 24: Fundamental Trading Strategy: Using Option Volatilities to Time Market Movements
Figure 24.1 GBPUSD Volatility Chart
Figure 24.2 USDJPY Volatility Chart
Chapter 25: Fundamental Trading Strategy: Intervention
Figure 25.1 USDJPY Chart
Figure 25.2 USDJPY Chart BoJ Intervention
Figure 25.3 USDJPY Chart BoJ Intervention
Figure 25.4 EURCHF 1.20 Peg
Figure 25.5 EURUSD Intervention
Chapter 26: Currency Profiles and Outlook
Figure 26.1 Dollar Index vs. Gold
Chapter 27: Currency Profile: Euro (EUR)
Figure 27.1 EURUSD 10-Year Chart
Chapter 28: Currency Profile: British Pound (GBP)
Figure 28.1 GBPUSD 10-Year Chart
Chapter 29: Currency Profile: Swiss Franc (CHF)
Figure 29.1 EURCHF 10-Year Chart
Chapter 30: Currency Profile: Japanese Yen (JPY)
Figure 30.1 USDJPY 10-Year Chart
Chapter 31: Currency Profile: Australian Dollar (AUD)
Figure 31.1 AUDUSD vs. 10-Year Yield Spread
Figure 31.2 AUDUSD 10-Year Chart
Chapter 32: Currency Profile: New Zealand Dollar (NZD)
Figure 32.1 AUDUSD versus NZDUSD
Figure 32.2 NZDUSD 10-Year Chart
Chapter 33: Currency Profile: Canadian Dollar (CAD)
Figure 33.1 USDCAD 10-Year Chart
DAY TRADING AND SWING TRADING THE CURRENCY MARKET
Technical and FundamentalStrategies to Profit from Market Moves
Third Edition
Kathy Lien
Copyright © 2016 by Kathy Lien. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
The first edition was published as Day Trading the Currency Market by John Wiley & Sons, Inc. in 2005. The second edition was published as Day Trading and Swing Trading the Currency Market by John Wiley & Sons, Inc. in 2008.
Published simultaneously in Canada.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions.
Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.
For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762-2974, outside the United States at (317) 572-3993, or fax (317) 572-4002.
Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com. For more information about Wiley products, visit www.wiley.com.
Library of Congress Cataloging-in-Publication Data:
Names: Lien, Kathy, 1980- | Lien, Kathy, 1980- . Day trading the currency market.
Title: Day trading and swing trading the currency market : technical and fundamental strategies to profit from market moves / Kathy Lien.
Description: Third edition. | Hoboken : Wiley, 2015. | Series: Wiley trading | Revised edition of the author's Day trading and swing trading the currency market, 2009. | Includes index.
Identifiers: LCCN 2015031925 | ISBN 9781119108412 (paperback) | ISBN 9781119220107 (ePDF) | ISBN 9781119220091 (ePub)
Subjects: LCSH: Foreign exchange futures. | Foreign exchange market. | Speculation. | BISAC: BUSINESS & ECONOMICS / Investments & Securities.
Classification: LCC HG3853 .L54 2015 | DDC 332.4/5— dc23 LC record available at http://lccn.loc.gov/2015031925
Cover Design: Wiley
Cover Image: © John Lund/Getty Images
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
