Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings
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| Author(s) | |
|---|---|
| Pages |
254 |
| Format |
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| Published Date |
2006 |
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.
Author’s Introduction:
Looking for a good book on currency trading? After having taught seminars across the country on how to trade currencies, I am repeatedly approached by avid traders who are serious about learning the foreign exchange (FX) market and want recommendations for good currency trading books.
Day Trading the Currency Market addresses this need by not only providing technical and fundamental strategies for trading FX, but also by giving traders a more detailed insight into how the currency market works. This book is designed for both the beginner and the advanced trader. There is something for every type of reader.
In this book, I try to accomplish two major goals—to touch on the major FX market basics or currency characteristics that all traders and particularly day traders need to know, as well as to give you actionable strategies on which to actually base some of your trading strategies.
Day Trading the Currency Market goes beyond what every other currency trading book covers and delves into such interesting topics as “What are the most market moving indicators for the U.S. dollar?” and “What are currency correlations and how do traders use them?”
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 pdf
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