Lien Day Trading the Currency Market

Technical and Fundamental Strategies To Profit from Market Swings
1. Auflage 2006
ISBN: 978-0-471-77402-0
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 256 Seiten, E-Book

Reihe: Wiley Trading Series

Written by Kathy Lien--chief strategist for the number one online currency broker in the world--Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency market, and provides a detailed look at how this market actually works. It contains actionable information and strategies, which can help you enter this highly competitive arena with confidence and exit with profits.

Autoren/Hrsg.

Lien, Kathy

Inhaltsverzeichnis

Preface.
Acknowledgments.
Chapter 1: Foreign Exchange--The Fastest-Growing Marketof Our Time.
Effects of Currencies on Stocks and Bonds.
Comparing the FX Market with Futures and Equities.
Who Are the Players in the FX Market?
Chapter 2: Historical Events in the FX Market.
Bretton Woods: Anointing the Dollar as the World Currency(1944).
End of Bretton Woods: Free Market Capitalism Is Born (1971).
Plaza Accord--Devaluation of 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 in the LongTerm?
Fundamental Analysis.
Technical Analysis.
Currency Forecasting--What Bookworms and Economists LookAt.
Chapter 4: What Moves the Currency Market in the ShortTerm?
Relative Importance of Data Changes over Time.
Gross Domestic Product--No Longer a Big Deal.
How Can You Use This to Your Benefit?
A Deeper Look into the FX Market.
Chapter 5: What Are the Best Times to Trade for IndividualCurrency Pairs?
Asian Session (Tokyo): 7 P.M.-4 A.M. EST.
U.S. Session (New York): 8 A.M.-5 P.M. EST.
European Session (London): 2 A.M.-12 P.M. EST.
U.S.-European Overlap: 8 A.M.-12 P.M. EST.
European-Asian Overlap: 2 A.M.-4 A.M. EST.
Chapter 6: What Are Currency Correlations and How Do TradersUse Them?
Positive/Negative Correlations: What They Mean and How to UseThem.
Important Fact about Correlations: They Change.
Calculating Correlations Yourself.
Chapter 7: Trade Parameters for Different MarketConditions.
Keeping a Trading Journal.
Have a Toolbox--Use What Works for the Current MarketEnvironment.
Step One--Profile Trading Environment.
Step Two--Determine Trading Time Horizon.
Risk Management.
Psychological Outlook.
Chapter 8 Technical Trading Strategies.
Multiple Time Frame Analysis.
Fading the Double Zeros.
Waiting for the Real Deal.
Inside Day Breakout Play.
The Fader.
Filtering False Breakouts.
Channel Strategy.
Perfect Order.
Chapter 9: Fundamental Trading Strategies.
Picking the Strongest Pairing.
Leveraged Carry Trade.
Fundamental Trading Strategy: Staying on Top of MacroeconomicEvents.
Commodity Prices as a Leading Indicator.
Using Bond Spreads as a Leading Indicator for FX.
Fundamental Trading Strategy: Risk Reversals.
Using Option Volatilities to Time Market Movements.
Fundamental Trading Strategy: Intervention.
Chapter 10: Profiles and Unique Characteristics of MajorCurrency Pairs.
Currency Profile: U.S. Dollar (USD).
Currency Profile: Euro (EUR).
Currency Profile: British Pound (GBP).
Currency Profile: Swiss Franc (CHF).
Currency Profile: Japanese Yen (JPY).
Currency Profile: Australian Dollar (AUD).
Currency Profile: New Zealand Dollar (NZD).
Currency Profile: Canadian Dollar (CAD).
About the Author.
Index.

Über Autor(innen)

Kathy Lien is the Chief Currency Strategist at Forex Capital Markets LLC (FXCM). She is responsible for providing research and analysis for DailyFX, including technical and fundamental research reports, market commentaries, and trading strategies. Prior to joining FXCM, Kathy was an associate at JPMorgan Chase where she worked in cross-markets and foreign exchange trading. She has vast experience within the interbank market using both technical and fundamental analysis to trade FX spot and options. She also has experience trading a number of products outside of FX, including interest rate derivatives, bonds, equities, and futures. Kathy has written for CBS MarketWatch, Active Trader, Futures, and SFO magazines. She has taught currency trading seminars across the country, has appeared on CNBC, and is frequently quoted on Bloomberg and Reuters.