Forex Trading Using Intermarket Analysis

$5.57

  • Pages: 127
  • Format: PDF
  • Published Date: 2006

Description

Forex Trading Using Intermarket Analysis explores the application of intermarket analysis to the foreign exchange market, the world’s largest and most widely traded financial market. Intermarket analysis helps traders identify and anticipate changes in trend direction and prices due to influences of other related markets as financial markets have become interconnected and interdependent in today’s global economy.

Introduction:

Forex markets are especially good candidates for intermarket analysis because of the key role of the U. S. dollar in most major currency pairs while other currencies tend to move in concert against the dollar. What influences one currency often influences many other currencies, usually not in lockstep but to a greater or lesser degree, depending on the circumstance.

Knowing what is occurring in various currencies and other related markets can provide traders with both a broader perspective and greater insight into forex market dynamics. It can thereby provide an early warning of impending changes in trend direction in the target market. This allows traders to make more effective and decisive trading decisions than would be possible by relying on traditional single-market technical analysis indicators that too often lag the market.

Forex Trading Using Intermarket Analysis is addressed primarily to traders and investors who use personal computers and the Internet to analyze forex markets and make their own trading decisions. The book also offers insights into how day traders and position traders in both the cash and futures markets can improve their trading performance and achieve a serious competitive advantage in today’s globally interdependent financial markets.

It will interest both experienced traders and newcomers to forex markets who are inclined toward technical analysis and recognize the potential financial benefits of incorporating intermarket analysis into their trading strategies.

Contents:

  • WHAT IS FOREX?
  • THE FOREX MARKETPLACE
  • FUNDAMENTALS AND FOREX
  • APPLYING TECHNICAL ANALYSIS TO FOREX
  • INTERMARKET ANALYSIS OF FOREX MARKETS
  • USING NEURAL NETWORKS TO ANALY ZE FOREX
  • TECHNICAL TACTICS FOR TRADING FOREX
  • WAVE OF THE FUTURE: SYNERGISTIC MARKET ANALYSIS