Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings
$21.45
Day Trading the Currency Market is a practical and market-tested guide written for traders who want to understand how short-term price movements in the forex market are actually driven. Kathy Lien combines technical analysis with real-world fundamental forces to show how intraday and short-term currency moves emerge from the interaction of price action, macroeconomic data, and market sentiment.
Unlike purely technical day-trading books, this work places strong emphasis on why currencies move during the trading day. Lien explains how interest rates, central bank policies, economic releases, and geopolitical developments directly influence intraday volatility and directional bias. These drivers are then translated into actionable trading frameworks that traders can apply during active market sessions.
From a technical perspective, the book focuses on identifying high-probability trading windows, understanding session behavior (Asian, London, and New York), and aligning entries with momentum, support and resistance, and short-term trend structure. Technical tools are not presented as isolated indicators but as confirmation mechanisms that work best when aligned with the underlying fundamental narrative.
A major strength of this book is its emphasis on timing and preparation. Readers learn how to plan trades around scheduled economic releases, how to avoid low-liquidity traps, and how to manage risk in fast-moving conditions. Position sizing, stop placement, and trade management are treated as core components of professional day trading, not afterthoughts.
Overall, Day Trading the Currency Market provides a balanced and disciplined approach to forex day trading. It equips traders with both the analytical context and execution logic required to navigate currency markets with structure, confidence, and consistency.
✅ What You’ll Learn:
- How fundamental drivers such as interest rates and economic data impact intraday currency movement
- How to combine technical analysis with macro context for higher-quality trade selection
- How to identify optimal trading sessions and volatility windows in the forex market
- Practical strategies for trading around news events and market swings
- Risk management principles tailored specifically for short-term currency trading
💡 Key Benefits:
- Bridges the gap between technical trading and real macroeconomic drivers
- Helps traders understand why price moves, not just how to trade it
- Improves timing, discipline, and trade preparation
- Reduces random trading by introducing context-based decision making
👤 Who This Book Is For:
- Traders interested in day trading or short-term swing trading in forex
- Technical traders who want to add fundamental awareness to their strategy
- Market participants seeking a structured approach to intraday currency moves
- Not suitable for long-term investors or traders with no basic forex knowledge
📚 Table of Contents:
- Foreign Exchange—The Fastest- Growing Market of Our Time
- Historical Events in the FX Market
- What Moves the Currency Market in the Long Term?
- What Moves the Currency Market in the Short Term?
- What Are the Best Times to Trade for Individual Currency Pairs?
- What Are Currency Correlations and How Do Traders Use Them?
- Trade Parameters for Different Market Conditions
- Technical Trading Strategies
- Fundamental Trading Strategies
- Profiles and Unique Characteristics of Major Currency Pairs
Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings By Kathy Lien
| Author(s) | |
|---|---|
| Product Type | Ebook |
| Format | |
| Skill Level | Beginner to Intermediate |
| Pages | 254 |
| Publication Year | 2006 |
| Delivery | Instant Download |
12 reviews for Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings
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Viviana Hansen (verified owner) –
A lot a very important information for beginers and medium traders.
It is very complete from the fundamental view, has a couple a trading thechniques that I guess that works in real trading.
Overall great book!.More than I expected!
To be perfect She must write down more techniques to trade.
Is not nice the advertisement that she perform a long the book, due to the fact that the “Real & Good” information that she mention is not free in fxcm.
Finally read this book definitelly made me a better trader!!!.
Owen Nelson (verified owner) –
great book i used it always when i first entered forex, and still do. lots of knowledge and wisdow. not to mention it teachs you some stratagies.lots of books say they show you stratagies, but few deliver. this is one of them that does. this book was recommended to me as intermediate but i think it is a must have beginners guide, worth 4 of my beginners guide books.
Carson Chandler (verified owner) –
You have to read this if you are serious about currency trading. Cathy does an awesome job describing the market and how to take advantage of it.
Amaris Wood (verified owner) –
I found that this book was great for somebody getting into Forex Trading from day trading with equities. However, I would not suggest this book for beginners. I loved the history of Forex, and the book was great in terms of advice although she does often use terminology with no explanation of what it is e.g. nonfarm payrolls. If you want a book that moves slowly, this is also not a good choice. Do read this book with a good forex dictionary or access to the internet as you will need to look stuff up. Overall I liked this book alot as it was my first Forex book but I have read tons of books on stock and options trading. Best part is, that with the bear market now Forex trading is a much better option.
Everly Payne (verified owner) –
The majority of information an individual or small-time investor needs to begin trading in any market can be found (albeit less conveniently agglomerated) online. What makes great traders is their track record and as a rule each successful trader’s secret is a trade secret. As with many book in the genre of “Trading for Non-Traders”, this book glosses over the economics that apply to any market and those of specific interest to those who trade the FX. Furthermore, its explanations of both technical and fundamental trading strategies is superficial at best. The saving grace of this book is its emphasis on a trading diary wherein the trader explicitly sets the amount of pips the trader is willing to lose or gain on an individual trade. The author’s presentation of this is excellent, complete with a starter template. Especially in day trading, a timescale during which the primary driver is market psychology, money management is by far the most important. Resign yourself to the fact that there is no perfect trading strategy, however unlike true gambling you can tip the odds in your favor. The beginning of that is setting your own odds (your own win/lose ratio in pips) and this book presents that beginning nicely.
Xiomara Andrade (verified owner) –
MINUSES:
1.Useless first two chapters.
Everybody knows that facts.
2.Some big mistakes.
For example, page64 -European session ends 12PM, not AM!
3.Many repeated sentences, facts, ideas.
4.Bad-looking charts.
5.Advertisements for some mystic FXCM risk reversals(How it works, Lien?!).
6.Strategies are ONLY(!) for long term traders. In some strategies she suggests to wait more than one MONTH(!) to get normal profit!(Imagine- how much money you must have to stand all retracements?!)
7.Weak, very basic chapter about “unique characteristics”.
PLUSES:
1.Excellent chapter about “best times to trade”.
2.Good chapter about correlations (but it could be better!).
This book is very weak forex book.
Lea Perez (verified owner) –
This book enlightened me on many fronts of Forex Trading. It gave me ideas for a trading plan and a daily action sheet. It also helped me a lot in the area of fundamental analysis, like what to consider with a list of items and web pages I can use.
I would definitely recommend this book.
Lucia Griffin (verified owner) –
The book provides basic information on currency markets day trading. Enjoyed reading the book and recommend reading it before trading.
Edward Silva (verified owner) –
Kathy Lien is a known name in the Forex trading market. I would say that reading this book makes a perfect sense for any beginner. Not only the concepts are explained in easy way but she has covered a very wide territory and concepts which may look not so important at the first glance but are very important for day today trading. Whether it is the psychology of whole numbers or currency correlation of the importance of various market hours and volatility relationship. I would say that it prepares you to go to the next step i.e. the practice with a demo trading account. May be after a few days practice you may like to read it again to see what concepts you missed during your first demo run.
Ayden Woodward (verified owner) –
This book lays out the template to go by in order to be a successful trader. While the strategies are instructional at best the foundation is solid.
Abdiel Magana (verified owner) –
Great read. Very informative.
Charlie Cortes (verified owner) –
If you or new to currency or forex she full of useful info,interesting facts,trading ,how countries deal with their currency