McDonell The FX Bootcamp Guide to Strategic and Tactical Forex Trading

1. Auflage 2008
ISBN: 978-0-470-40337-2
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

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

Reihe: Wiley Trading Series

A straightforward guide to trading today's dynamic Forexmarket
Written by Wayne McDonell, the Chief Currency Coach at FXBootcamp, this book shows readers how to successfully trade theForex market on their own. FX Bootcamp's Guide to Strategic andTactical Forex Trading skillfully explains how to combinepopular technical indicators to formulate a comprehensive marketstrategy. Readers will then learn how to focus on using thisinformation to create a tactical trading plan--one that will helpthem pull the trigger to get in and out of a trade. Along the way,McDonell takes the time to discuss the various challenges a Forextrader faces, such as greed, fear, loss, and isolation. As a Forextrader and educator of traders, Wayne McDonell knows what it takesto make it in the competitive world of Forex. And with FXBootcamp's Guide to Strategic and Tactical Forex Trading heshows readers how.

Autoren/Hrsg.

McDonell, Wayne

Inhaltsverzeichnis

Preface.
Introduction.
Which Do You Do?
PART ONE: Basic Training.
CHAPTER 1: Lagging Indicators.
Moving Averages.
Moving Average Convergence Divergence (MACD).
Bollinger Bands.
Standard Deviation.
Summary.
CHAPTER 2: Leading Indicators.
Price Support and Resistance.
Fibonacci Retracements.
Fibonacci Extensions.
Summary.
Part One Summary.
PART TWO: Strategic Analysis.
CHAPTER 3: How to Gather Market Intelligence to Formulate aTrading Strategy.
Spy Plane View.
Inflation Sensation.
Central Banking.
Inflation Targeting.
Cost of Money.
Money Magnets.
Interested in Valuation.
Foreign Exchange.
Demanding Consequences.
House of Cards.
Not Interested.
Summary.
CHAPTER 4: The Carry Trade.
Free House.
Scary Carry.
Power Yen.
Summary.
CHAPTER 5: Forex and the Fed.
Forex Economics.
The Federal Reserve System.
Summary.
CHAPTER 6: Commodity Correlations.
Commodity Correlation: Oil.
Commodity Correlation: Gold.
Commodity Correlation: Equities.
Trading Commodities.
Summary.
CHAPTER 7: Greenback Guru: Why You Should Specialize inTrading U.S. Dollars.
What's Your USD Bias?
Currency Correlation Coefficient.
Trading Currency Correlation.
Trading a Basket of Currencies.
Petrodollars.
Yet another Reason.
Summary.
Part Two Summary.
PART THREE: Rules of Engagement.
What's the Time?
CHAPTER 8: Market Analysis.
Speed of the Market.
Momentum of Price.
Summary.
CHAPTER 9: Fundamental Analysis.
Economic Announcements.
Global Money Flow.
Interest Rates and Currency Values.
Market Bias.
Announcement Calendar.
Summary.
CHAPTER 10: Technical Analysis.
Self-Fulfilling Prophecy.
Range Analysis.
Trend Analysis.
Pivot Analysis.
Summary.
CHAPTER 11: Risk Analysis.
Fear of Loss.
Fear of Profit.
Limits.
FX Bootcamper Credo.
Limits for Loss.
Limits for Profit.
More Tactics for Trade Entry and Exits.
Your Mind's Eye.
Do Nothing.
Do You Have the Guts?
Second Chances in Forex.
Summary.
Part Three: Summary
PART FOUR: Tactical Planning.
CHAPTER 12: Candlestick Patterns.
Reversal Patterns.
Reverse and Continuation Patterns.
Trending Only.
Summary.
CHAPTER 13: Range Trading.
Get in the Ring.
Floors and Ceilings.
Over and Out.
Summary.
CHAPTER 14: Trading the News.
Conservative News Trades.
Summary.
Part Four Summary.
PART FIVE: Psychological Warfare.
CHAPTER 15: How to Cope with Pre- and Post-Trading StressDisorders.
Going Mental.
Common Thread.
Understand Yourself, Understand Your Trades.
Summary.
CHAPTER 16: Trade Journals.
3X the 4X.
Summary.
CHAPTER 17: Target Practice.
Summary.
CHAPTER 18: Three-Year Plan.
FX Business Planner.
Risk Management.
Summary.
Part Five Summary.
CHAPTER 19: Closing Notes.
The Genesis of FX Bootcamp.
Lead by Example.
Additional Support.
Index.

Über Autor(innen)

WAYNE McDONELL is the Chief Currency Coach of FX Bootcamp (www.fxbootcamp.com), a live Forex training organization. He is a professional Forex trader, a member of the National Futures Association, and a registered Commodities Trading Advisor. Respected in the Forex industry as a successful trainer, McDonell is a regular speaker at major investing conferences and expos in Asia, Europe, and America. His videos are syndicated around the world on outlets including Forex Television, FXstreet.com, MoneyShow.com, and MSN. His live trading Webinars have attracted up to 1,000 traders each. McDonell has written "how-to" articles for investing magazines, such as Your Trading Edge and the FOREX Journal magazine. He has also received notoriety in the National Post, TechWeek, Interactive Week, and Inc. magazine to name a few.