The Psychology of the Foreign Exchange Market PDF Download
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Author: Thomas Oberlechner
Publisher: John Wiley & Sons
ISBN: 0470012013
Category : Business & Economics
Languages : en
Pages : 278
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Book Description
This book demystifies the foreign exchange market by focusing on the people who comprise it. Drawing on the expertise of the very professionals whose decisions help shape the market, Thomas Oberlechner describes the highly interdependent relationship between financial decision makers and news providers, showing that the assumption that the foreign exchange market is purely economic and rational has to be replaced by a more complex market psychology.
Author: Thomas Oberlechner
Publisher: John Wiley & Sons
ISBN: 0470012013
Category : Business & Economics
Languages : en
Pages : 278
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Book Description
This book demystifies the foreign exchange market by focusing on the people who comprise it. Drawing on the expertise of the very professionals whose decisions help shape the market, Thomas Oberlechner describes the highly interdependent relationship between financial decision makers and news providers, showing that the assumption that the foreign exchange market is purely economic and rational has to be replaced by a more complex market psychology.
Author: Brent Donnelly
Publisher: John Wiley & Sons
ISBN: 1119583551
Category : Business & Economics
Languages : en
Pages : 420
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Book Description
Now you can master the art of foreign exchange trading While most currency trading and foreign exchange books focus on international finance theory or simplistic chart-based strategies, The Art of Currency Trading is a comprehensive guide that will teach you how to profitably trade currencies in the real world. Author Brent Donnelly has been a successful interbank FX trader for more than 20 years and in this book, he shares the specific strategies and tactics he has used to profit in the forex marketplace. The book helps investors understand and master foreign exchange trading in order to achieve sustainable long-term financial success. The book builds in intensity and depth one topic at a time, starting with the basics and moving on to intermediate then advanced setups and strategies. Whether you are new to currency trading or have years of experience, The Art of Currency Trading provides the information you need to learn to trade like an expert. This much-needed guide provides: an insider’s view of what drives currency price movements; a clear explanation of how to combine macro fundamentals, technical analysis, behavioral finance and diligent risk management to trade successfully; specific techniques and setups you can use to make money trading foreign exchange; and steps you can take to better understand yourself and improve your trading psychology and discipline. Written for currency traders of all skill levels, international stock and bond investors, corporate treasurers, commodity traders, and asset managers, The Art of Currency Trading offers a comprehensive guide to foreign exchange trading written by a noted expert in the field.
Author: Jamie Saettele
Publisher: John Wiley & Sons
ISBN: 0470208236
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
Crowds move markets and at major market turning points, the crowds are almost always wrong. When crowd sentiment is overwhelmingly positive or overwhelmingly negative ? it's a signal that the trend is exhausted and the market is ready to move powerfully in the opposite direction. Sentiment has long been a tool used by equity, futures, and options traders. In Sentiment in the Forex Market, FXCM analyst Jaime Saettele applies sentiment analysis to the currency market, using both traditional and new sentiment indicators, including: Commitment of Traders reports; time cycles; pivot points; oscillators; and Fibonacci time and price ratios. He also explains how to interpret news coverage of the markets to get a sense of when participants have become overly bullish or bearish. Saettele points out that several famous traders such as George Soros and Robert Prechter made huge profits by identifying shifts in crowd sentiment at major market turning points. Many individual traders lose money in the currency market, Saettele asserts, because they are too short-term oriented and trade impulsively. He believes retail traders would be much more successful if they adopted a longer-term, contrarian approach, utilizing sentiment indicators to position themselves at the beginning points of major trends.
Author: Zack Zarr
Publisher:
ISBN: 9781980450726
Category :
Languages : en
Pages : 179
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Book Description
"How to Trade Forex and Currency Markets: A Beginner's Guide to Professional Forex Trading" is a practical and easy-to-follow workbook for people interested in forex (foreign exchange) trading. Geared for newcomers to currency trading, the book takes its readers through the fundamentals of the market and provides easily-understood explanations of basic principles and terminology.One particularly interesting feature that distinguishes Zac Zarr's book from other publications on forex trading is that it provides its readers with a novel way of gaining insight into market developments. As Zarr points out early in the book, forex trading is the playground of two basic types of traders: individuals like Zarr (and presumably his readers), and what he terms the "big players." It's a dramatically uneven playing field, pitting relatively inexperienced amateurs trading alone with their own limited funds against corporate professionals trading with the advice and copious budgets of their employers. The ability of these solitary traders to influence the directions of markets is negligible, while the big players have the money and the volume to place their collective hands on the steering wheel.So, Zarr concluded early in his ten-year trading career, if you can't beat them, join them - not by applying for a job with your corporate competitors, but by getting inside their heads and figuring out how they think. That way, you can not only understand their moves, you can also anticipate them.Unlike some of his counterparts, Zac Zarr is no snake oil salesman. He offers no wild promises of amazing profits for just following a few simple directions. Zarr does, however, establish a warm and empathetic relationship with his readers as he provides straightforward step-by-step explanations with hundreds of examples based on his own real-life forex trading experiences. Although "How to Trade Forex and Currency Markets: A Beginner's Guide to Professional Forex Trading" was written primarily for beginners, it's a book that many veteran traders will also want to read to gain new insights into the workings of currency markets.
Author: Boris Schlossberg
Publisher: John Wiley & Sons
ISBN: 0471973068
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
Proven currency-specific trading strategies from one of today's top currency analysts "If you trade currency, then you need to have this book on your desk. It's the only book you need for technical analysis of the fastest-moving market on the planet." -Rob Booker, Currency Trader, W.R. Booker & Company "In plain English, Schlossberg lays out the basics in using technical analysis to trade foreign currencies, from the fundamentals of how the FX market works to the variety of technical strategies and trade management techniques traders can employ. Along the way, he offers entertaining examples and observations as well as simple, easy-to-read charts and diagrams. Anyone interested in getting started in the hugely popular FX market would do well to begin with this book." -Sarah Rudolph, Executive Editor, SFO Magazine "Boris Schlossberg has done a fabulous job with this book. It's packed with insightful tips and strategies that are sure to save traders a lot of time and money." -Cory Janssen, CoFounder, Investopedia.com "Schlossberg's book is a great resource for traders just starting out in currency markets. His focus on simplicity is critical for a new trader's education on how to make money." -Andrew B. Busch, Global FX Strategist, BMO Financial Group
Author: James Chen
Publisher: John Wiley & Sons
ISBN: 0470464003
Category : Business & Economics
Languages : en
Pages : 202
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Book Description
This currency trading book provides readers with real, practical information on how to trade the foreign exchange market effectively. It begins by covering introductory information on the forex market, including basic trading mechanics and the benefits of forex trading, and then goes on to describe specific currency trading methods and skills in step-by-step detail. This includes highly practical information on technical and fundamental analysis, risk and money management, and powerful forex trading strategies. These strategies have proven extremely effective in helping traders play the forex game to win. JAMES CHEN, CTA, CMT (Montville, NJ) is Chief Technical Strategist at FX Solutions, a leading foreign exchange broker. An expert on forex trading and technical analysis, he is also a registered Commodity Trading Advisor (CTA) and a Chartered Market Technician (CMT). Mr. Chen writes daily currency analysis, leads forex trading seminars, and has authored numerous articles on currency trading strategy and technical analysis for major financial publications. These include Forbes.com, Futures Magazine, Technical Analysis of Stocks and Commodities Magazine, and Stocks, Futures and Options (SFO) Magazine.
Author: Karen Foo
Publisher:
ISBN:
Category :
Languages : en
Pages : 344
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Book Description
Coming from a family of investors and graduating with a finance degree from Singapore, I've read tons of books on trading and also spent over $60,000 just to learn about the financial markets. Applying what I've learned over the years, I've managed to clinch the #1 grand prize at a Singapore nationwide forex trading championship. Since I have a finance background, I want to write a book from a professional trader's perspective rather than a retail trader's perspective. Most retail traders focus too much on technical analysis. However, this is not a sufficient trading tool if one wants to succeed as a trader. A lot of the educational content that you see online is also too focused on technical analysis alone. This is a tool that you'll need as a currency trader, but it is not the most important tool. In fact, bank traders and hedge fund traders don't even use a lot of indicators. Their charts are often very clean since they are using other tools to analyse the markets. To become a successful forex trader, you'll need to have the whole package. That is why in this currency trading book, I'll teach you the various tools you'll need to succeed as a forex trader. You'll learn: Basic terms and principles of currency trading Fundamental analysis (economic indicators, central banks, monetary policies, currency fundamentals) Sentiment analysis (high yield and low yield currencies, fear index) Introduction to Brokers (types, criteria for picking, action plan) Price action strategies (candlestick patterns, support & resistance, trendlines, moving averages, and momentum indicators) Risk management tools and application Trading psychology hacks Trading plan (template included) Trading journal (template included) How to sustain your trading business BONUS: Useful websites for traders So much more...... Add these tools to your trading plan and you'll be able to increase the probability of your trades. Most forex traders trade in a bubble relying too much on indicators alone, that is why they lose. Most retail forex traders also do not bother to look at other markets and use the power of correlations to their advantage. I'll share with you in this currency trading book on how you can conduct intermarket analysis as well. Experienced currency traders can also pick up some new trading hacks or even use this book as a refresher. Non-trading professionals will also be able to learn how the various economic indicators can affect their lives and the overall economy. At the end of this trading book, I'll share with you tips and tricks on how you can sustain your trading account and trading business. This is so that you can last long term as a currency trader since most traders quit just after a few months. At the end of the day, it is your decision whether you wanna buy this book or not. If you don't want to spend money on a forex trading book, then you can always head to my Youtube channel (Karen Foo) for free courses. You decide. Happy learning!
Author: Richard T. Baillie
Publisher: Cambridge University Press
ISBN: 9780521396905
Category : Business & Economics
Languages : en
Pages : 280
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Book Description
The flotation of exchange rates in the early 1970s saw a significant increase in the importance of foreign exchange markets and in the interest shown in them. Apart from the consequent institutional changes, this period also witnessed a revolution in macroeconomic analysis and finance theory based on the concept of rational expectations. This book provides an integrated approach to recent developments in the understanding of foreign exchange markets. It begins by charting the institutional background and looks at the recent history of movements in some of the major exchange rates. The theoretical sections focus on the economic and finance theory of the asset market approach, the macroeconomic models developed from this approach, and on interest rate parity theory. The empirical chapters draw on the authors' own research from a high quality set of exchange rate and interest rate data. The statistical properties of exchange rates are analysed; the relationship between spot and forward rates is examined; and the modelling and impact of new information on the forward and spot relationship is considered. The final chapter is devoted to the estimation and testing of exchange rate models.
Author: Abe Cofnas
Publisher: John Wiley & Sons
ISBN: 1118998677
Category : Business & Economics
Languages : en
Pages : 243
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Book Description
EXPERT, DEPENDABLE FOREX COACHING—UPDATED TO KEEP YOU AHEAD IN AN EVOLVING MARKET The Forex Trading Course is the systematic guide aspiring traders need to enter the market with the confidence and skills necessary to generate wealth. Masterfully written so both basic and complex concepts are readily accessible, this all-inclusive training tool outlines a practical course of action to develop strategies integrating fundamental and technical analysis. It also demonstrates how to identify high-probability patterns and trades, adjust your trading plan for different account sizes, use emotional intelligence to improve trading performance, and much more. This second edition is fully revised to address: • Changes brought about by quantitative easing and central bank intervention—including greater spikes and disruptions in the forex and the influence of global growth and inflation on the market • Using binary options with forex trades to make accurate predictions on direction, targets, and stops • Social media trading and how to navigate herding behavior and swarming patterns • The latest insights and trends in cryptocurrencies such as Bitcoin Complete with practice assignments to reinforce the material and a supplemental website to enhance your knowledge, The Forex Trading Course, Second Edition unlocks your optimal potential for profitable currency trading.
Author: Steven Drummond
Publisher: Tactical Trader Boot Camp
ISBN:
Category : Business & Economics
Languages : en
Pages : 39
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Book Description
The basics of the Forex markets e-book, video tutorials and website content was put together by myself to teach regular people how to trade the markets. I am not a banker, I am not an x-Wall street guy, and I have never traded in large institutions with thousands to spend on their training programmes! I am just like you, I used to be an employee, working as a chef for 17 years, covering 60 – 70 hours a week, split shifts, weekends and all of the holidays! I stumbled across Forex trading and knew that is my way out, It was not easy! It took me over a year before I got any real education on Forex, it looked so easy at the start! But once I had blown 2 accounts by this point, it was time to get educated or quit! I didn’t want to quit because I saw the opportunity Forex trading can offer, so I persevered and never stopped learning to this day, I make it my mission to always educate myself further, every day I will learn something new and it is not just about Forex, I learn about business, real estate investing and sales marketing. You should make that one of your missions to always educate yourself, it is the only way to get on in life! Anyway, it took me a while to realise that the markets are a little bit harder to read than initially perceived, with all of the news events, manipulation and uncertainty. It took many more months of learning and practice to become consistent in my trading, but persevere and you can get there! So if you are like me, like many others out there trying to learn on their own, I have been there, I have struggled on, dealt with all of the emotions of being a retail trader, no boss to give you a hard time if your trading performance does not meet up with the institutions demands. You have to learn to be your own boss, research your trading performance, kick your but if you deviate from the plan and push yourself to the next level! I am self taught and you are going do the same, so why not learn from somebody that has walked down the road you are about to embark on, but I’ll help you shorten your learning curve! We all know what opportunities Forex trading can bring, every benefit is unique to you. It is up to you how these rewards will manifest into your life, you must put in some effort to see any rewards. Success is the pay off in exchange for the amount of time and effort devoted to a task, it is said that you will need to devote 10,000 hours of practice before becoming a master of your endeavor! I remember my first Forex training course, it was $900 and it only covered the basics, it was O.K at the time, but there was so much more I had to learn! I later subscribed with another guy for $650 one off fee and a recurring $90 monthly subscription charge to trade with him twice a week, I did this for one and a half years! That is my two main ones, but I have done a trading psychology course and many many more. Looking back, thinking that the amount of money I have actually paid for fragments of information is kind of sickening. I am a firm believer of that you should pay for your education and pay well when you can, because you have to be cautious about the free information out there, but we want information for a reasonable price, have it all in one place and have life time updates on new trading techniques. So this is what I propose; Learn from somebody that came from the bottom and had nobody to help but his eagerness and drive. If you become one of my loyal members, I will teach you about the basics of the Forex markets, with lifetime updates. This is my website, Forex trading and teaching is my life! In exchange for a small one off fee, for the time and effort devoted to building the tactical trader boot camp website, I will devote to giving you everything you need to know getting started in Forex trading, it will give you the insights into Forex trading. I won’t teach you every single thing, I do not use every single indicator, I will not explain every single indicator, trading patterns, or trading algorithms. I will simply teach you what you need to know and give you the tools you need to become your own success story! I cut out all of the fluff, no B.S, and as long as you can put up with my Scottish accent, I think we will be just fine! So become a member of the boot camp and start learning today!
