Investment / Trading

17 Proven Currency Trading Strategies How to Profit in the Forex Market, + Website

By Mario Singh
John Wiley & Sons December 2012

Specifications

ISBN-13
9781118385517
Publisher
John Wiley & Sons
Publication
December 2012
Format
Hardback , 256 pages
Jurisdiction
International ? Countri(es) for reference only

Details

A comprehensive guide to Forex trading for individual investors

Countless money-making opportunities abound in the Foreign Exchange (Forex) market every day, but how does an amateur investor take advantage of these opportunities to earn high returns? This book by CNBC-featured Forex Expert Mario Singh provides a comprehensive solution to this question.

Following the first section that explains in plain English—what is Forex trading, how money is made in the Forex "game," the six major players involved, and the importance of knowing one's Trader Profile—the second section focuses on specific and practical guidance which includes:

  • A "Trader Profile Test" to help the reader get a clear picture of his natural trading style and which of five trading profiles he belongs to (Scalper, Day Trader, Swing Trader, Position Trader or Mechanical Trader)
  • 17 proven trading strategies (between 2 to 5 strategies for each trader profile) for the reader to immediately start cashing in on the Forex market
  • Descriptions of an array of real-world trading scenarios, with tips on how to address them
  • A section that shows the reader how to custom-tailor a trading system designed for his sensibilities and risk tolerance
  • Forex hedging strategies for finance professionals at multinational corporations

Short on theory and long on practical insights and step-by-step guidance, 17 Proven Currency Trading Strategies—How To Profit in the Forex Market will help anyone—from beginners to professionals, and everyone in between—to master the Forex market and be consistently profitable.

Table of Contents

Preface

Acknowledgments

Part One: Forex is a Game

Chapter 1: How to Play the Game

The Forex Game

Forex and the Seven Majors

Leverage

Summary

Chapter 2: How Money is Made in the Game

Buy Low, Sell High

Three Points in Every Trade

Bid/Ask Spread

What Causes the Price of Currencies to Fluctuate?

Fraction Theory

Reading The Chart

Market Structure

Summary

Chapter 3: The Six Major Players

Central Banks

Commercial & Investment Banks

Multi-National Corporations

Institutional Traders

Retail Forex Brokers

Retail Traders

Summary

Chapter 4: Why You Must Play the Game

Top 17 Reasons to Trade Forex

Summary

Chapter 5: Play it your way: Understanding your profile

The Experiment

The Five Categories of Forex Traders

Your Perfect Strategy

Summary

Part Two: Strategies to Win the Game

Chapter 6: Strategies for Scalpers

Strategy #1: Rapid Fire Strategy

Strategy #2: Piranha Strategy

Chapter 7: Strategies for Day Traders

Strategy #3: Fade the Break

Strategy #4: Trade the Break

Trading the News

Strategy #5: Gawk-the-talk

Strategy #6: Balk-the-talk

Chapter 8: Strategies for Swing Traders

Strategy #7: Trend Rider

Strategy #8: Trend Bouncer

Strategy #9: 5th Element

Strategy #10: Power Ranger

Strategy #11: The Pendulum

Chapter 9: Strategies for Position Traders

Strategy #12: Swap and Fly

Strategy #13: Commodity Correlation (Part 1)

Strategy #14: Commodity Correlation (Part 2)

Strategy #14: Siamese Twins

Chapter 10: Strategies for Mechanical Traders

Strategy #15: Guppy Burst

Strategy #16: English Breakfast Tea

Strategy #17: Good Morning Asia

Chapter 11: Conclusion

Bibliography

About the Author

About the Website

Index

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