Cofnas Planet Forex

Currency Trading in the Digital Age
1. Auflage 2018
ISBN: 978-3-319-92913-2
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 107 Seiten

Reihe: Progress in Mathematics

This valuable book provides a much-needed integration of fundamental analysis of global forces and technical analysis to provide highly probable trades in currency markets.Fundamental analysis is often too vague and not quantified. This book provides insights into fundamental analysis and then calibrates it to trading strategies and techniques. Fundamentals are clearly defined as longer-term economic expectations regarding growth, inflation, and labor conditions. Nearer-term understanding of fundamentals deals with market psychology, where markets are manifest risk-on and risk-off emotions.  Currencies are explained as expectations battles generating expectation waves. With real trading examples included to underscore the concepts, Planet Forex gives readers an invaluable primer on trading market sentiment that is unprecedented. This book is a must-read for global forex traders, portfolio managers, and other employees in the forex industry, including exchanges, brokerage firms, and financial planners and advisors. 


Abe Cofnas is a renowned forex and binary options expert, a regular columnist since 2001 at Futures Magazine (now Modern Trader), and the author of five books from Wiley/Bloomberg Press, with translations in Spanish and Chinese. Cofnas is the President and founder of Learn4x, and he has delivered seminars in Australia, China, and Dubai, among other locations. 

Autoren/Hrsg.

Cofnas, Abe

Inhaltsverzeichnis

1;Preface;5
2;Contents;8
3;List of Charts;10
4;List of Tables;12
5;1: What is Fundamental Analysis?;13
5.1;What is a Currency Pair Price? A Fundamental View;14
5.1.1;Flaws in Technical Analysis;15
5.1.2;Resistance and Support Lines;17
6;2: Core Fundamental Forces and How to Monitor Them;24
6.1;The Set of Core Fundamental Forces;25
6.1.1;Forces of Growth;25
6.1.2;Forces of Decline;26
6.1.3;Expectations on Interest Rate Direction;26
6.1.4;Forces of Fear;26
6.1.5;How Market Patterns Emerge;27
6.1.6;Filtering the Signal from the Noise;28
6.2;Measuring Risk-Off and Risk-On Conditions;29
6.3;Summary of Risk-On and Risk-Off Conditions;31
6.3.1;US dollar;31
6.3.2;VIX;33
6.3.3;The Yen Strengthening;34
6.3.4;Bonds: The Market’s Vigilantes;36
6.3.5;Bond Market Shows Inflation Expectations;38
6.3.6;TIPS;38
6.3.7;Flattening and Inverse Yield Curve;40
6.3.8;The Commodity Complex; Crude and Copper;41
7;3: Understanding Central Banks and their Role in Moving Currency Markets;44
7.1;Stimulate or Tighten: The Policy Choices of Central Banks;45
7.1.1;The End of the Era of QE;47
7.1.2;Inflation Targeting;47
7.2;Inflation Projections and Expectations are Key;48
7.3;Brexit and Inflation;49
8;4: How to Decode Central Bank Statements;51
8.1;Word Clouds;53
8.1.1;Word Frequency Count;54
8.1.2;Two Statement Comparison;54
8.2;Bank of England Word Cloud Comparison;54
8.2.1;Central Bank Frequency Analysis;55
8.2.2;Decoding Federal Reserve Statements;55
9;5: What is Sentiment?;60
9.1;Visualizing Sentiment;62
9.2;Reversal of Sentiment;65
9.2.1;Day 3 Line Break Chart;66
9.2.2;Four-Hour 3 Line Break Chart;67
9.3;Renko Bricks;70
9.3.1;Comparison of Candles and Renko;71
9.4;The Fundamental Knowledge Grid;72
10;6: Sentiment Trading Set-Ups;73
10.1;Position Trading Sentiment Set-Ups;73
10.2;Sentiment Alignments for Position Trading;74
10.3;Back Tests;81
10.4;Momentum Sentiment Trading: FX Rodeo;83
11;7: Cryptocurrencies;87
11.1;Steps in Trading Crypto;88
11.2;Selecting the Crypto to Trade;88
11.3;Bitcoin;89
11.4;Candlestick and Bitcoin;89
11.5;Ethereum;91
11.6;Ripple;93
11.7;What is the “Smart Money” Doing?;94
12;8: The Future of Forex Trading: Algorithms, Artificial Intelligence, and Social Forex Trading;98
12.1;Bots;99
12.2;Alerts;99
12.3;Digital Trader Assistance: On-Demand Alerts;100
12.4;Social Trading Alerts;101
12.5;Deep Learning Algorithms;101
13;Conclusion;104
14;Appendix: Resources for Sentiment Trading and Training;105
15;Index;106