[eBook Code] 17 Proven Currency Trading Strategies (eBook Code, 1st)

Preface xi

Acknowledgments xix

PART ONE Forex Is a Game 1

CHAPTER 1 How to Play the Game 3

The Forex Game 3

Forex and the Seven Majors 5

Leverage 11

Summary 14

CHAPTER 2 How Money Is Made in the Game 15

Buy Low, Sell High 15

Three Points in Every Trade 17

Bid/Ask Spread 23

What Causes the Price of Currencies

to Fluctuate? 25

Fraction Theory 30

Reading the Charts 31

Market Structure 37

Summary 48

CHAPTER 3 The Six Major Players 51

Central Banks 51

Commercial and Investment Banks 58

Multinational Corporations 62

Institutional Traders 68

Retail Forex Brokers 69

Retail Traders 70

Summary 70

CHAPTER 4 Why You Must Play the Game 73

Top 17 Reasons to Trade Forex 73

Summary 84

CHAPTER 5 Play It Your Way: Understanding

Your Profile 87

The Experiment 88

Five Categories of Forex Traders 92

Your Perfect Strategy 98

Summary 107

PART TWO Strategies to Win the Game 109

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CHAPTER 6 Strategies for Scalpers 111

Strategy 1: Rapid-Fire Strategy 111

Strategy 2: Piranha Strategy 118

CHAPTER 7 Strategies for Day Traders 125

Strategy 3: Fade the Break 126

Strategy 4: Trade the Break 131

Trading the News 138

Strategy 5: Gawk the Talk 143

Strategy 6: Balk the Talk 148

CHAPTER 8 Strategies for Swing Traders 155

Strategy 7: Trend Rider 155

Strategy 8: Trend Bouncer 163

Strategy 9: Fifth Element 169

Strategy 10: Power Ranger 177

Strategy 11: The Pendulum 185

CHAPTER 9 Strategies for Position Traders 191

Strategy 12: Swap and Fly 192

Strategy 13: Commodity Correlation (Part 1) 199

Strategy 13: Commodity Correlation (Part 2) 204

Strategy 14: Siamese Twins 210

CHAPTER 10 Strategies for Mechanical Traders 217

Strategy 15: Guppy Burst 217

Strategy 16: English Breakfast Tea 223

Strategy 17: Good Morning Asia 228

CHAPTER 11 Conclusion 235

Bibliography 239

About the Author 241

About the Website 243

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Index 245