Overview

For courses in Investments, International Finance, and International Economics. Forex Revolution offers students and investors a complete, practical, and honest “user’s guide” to Forex trading, including realistic assessments of Forex risks and pitfalls. Long-time trader Peter Rosenstreich explains why today’s global economic conditions make Forex trading attractive and provides all the unbiased, up-to-the-minute information and hands-on techniques to profit immediately.

Full Product Details

Author:   Peter Rosenstreich
Publisher:   Pearson Education (US)
Imprint:   Financial TImes Prentice Hall
Dimensions:   Width: 18.80cm , Height: 1.80cm , Length: 22.90cm
Weight:   0.410kg
ISBN:  

9780132693479

ISBN 10:   013269347
Pages:   304
Publication Date:   28 July 2011
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Out of Print
Availability:   Awaiting stock  

Table of Contents

1. The Truly Modern Market. A Market for the 21st Century Opportunity Is Knocking Everybody’s Talking About It Endnotes 2. The Currency of Trading in Everyday Life. A Fact of Life Keeping Up with the Rates The Sun Never Sets on Forex Noodles in the Morning Laos for Lunch Odessa at Dusk Back in a 9-to-5 Market 3. The History of Forex (and Why You Should Care). The Beautiful Market Lessons of History The Roots of Modern Currency The Clash Between Governments and Markets Trends That Rocked the Forex World The Rise and Fall of the Modern Gold Standard The Rise of the Euro The Internet Trade Revolution: Banks Hated It, Speculators Loved It, and the Market Demanded It Seeing the World Through Forex Endnotes 4. The Basics of Foreign Exchange. Spot Quotes Majors Cross Rates Pips Bid/Ask Lot Mini Lot Basic Tools of Training Positions Market Order Limit Order Stop Order Order Cancels Other Stop-Limit Order Rollovers Interest Rate Differentials, or Rollover Charge Leverage Controlling Leverage Initial Margin Margin Call Commissions Graphic: Calculations for the Spot Market Forex Regulators SFBC IDAC SFC FSA ASIC CFTC and NFA NFA Forex Designations Forex Dealer Members Futures Commission Merchants Introductory Brokers Commodity Trading Advisers Brokers Managed Accounts 5. Forex Trading Vehicles. Forwards and Futures Options Swaps Derivatives and the Forex Market The Interbank Market Endnotes 6. Tools and Strategies to Get Started. Gut Check: What It Takes to Be a Forex Investor What Are My Investment Goals, and Are They Realistic? What Is My Capacity for Risk? Time Investment Before You Trade Doing a Test Run Strategy: Creating an Approach Model 7. Forex from the Inside. 8. Inside a Forex Platform. Searching for the Right Platform Doing Your Homework Retail Platforms Trading Mechanisms Hub and Spoke Trading Request for Quote (RFQ) Click and Deal News Charts Research Things to Look Out For Requotes Network Connection Getting the Best Price Safety My Trading Room Information Sources Important Numbers Forex Retail Platforms Protecting Yourself Avoiding Fraud The Firm Promises a Free Lunch The Trader Uses Terminology You Don’t Fully - Understand The Firm Claims To Trade in the “Interbank Market” The Firm is Using the Hard Sell via the Internet The Firm is Vague and Little Information is Available 9. Trading Inside the 24-Hour Storm. Working Around the Clock Defining Your Trading Strategy Contingency Plans Cut Losers Pigs Get Slaughtered Overleveraging and Overtrading Watch the Markets Don’t Walk Away Review the Market Market Manipulation Just Because You’re Not Paranoid Doesn’t Mean They Aren’t Out to Get You Flatline Your Emotions Trade with Your Personality Filter Information Avoid Bias 10. What Moves the Markets: Basic Fundamental and Technical Trading Strategies. Watch Your Fundamentals Old Versus Fresh News Market Movers Governments Important Currencies The U.S. Dollar The Euro The Yen The British Pound The Swiss Franc Other Currencies The Yuan The Won The Real The Rand The G7 Central Banks The U.S. Federal Reserve The European Central Bank The Bank of England The Bank of Japan The International Monetary Fund Private Financial Institutions Corporations Speculators Monetary Policy and Interest Rates Inflation Gross Domestic Product (Un)Employment The Beige Book Government Spending and Taxes Government Attitude Equilibrium: “Parity” Trade Balance Political and Social Environment Currency Board or Peg Subjectivity Technical Analysis Determing the Trend Support and Resistance Chart Patterns Fibonacci Pattern Elliot Wave Theory Gann Angles Andrews Pitchfork Indicators 101 Moving Average Moving Average Convergence/Divergence (MACD) Relative Strength Index (RSI) Stochastic Oscillator Bollinger Bands (BB) Parabolic Stop and Reversal (SAR) Average Directional Index (ADX) Starter Technical Model Scalping Technical or Fundamental? Endnotes 11. Black Swans and Rogue Traders. The Inherent Instability in the Forex Market The Tequila Crisis The Asian Crisis Breaking the Bank of England Interventions Scams and Rogue Traders Russia Devalues the Ruble 12. Trends and the Yuan. Forex Will Not Just Get Bigger; It Will Get More Respect Globalization and the War on Terror The Chinese Dragon and the Indian Tiger ASEAN The Euro: Can It Hold? The Growth of Free-Trade Blocks The U.S. Dollar Endnotes Appendix. Index.

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Author Information

Peter Rosenstreich is a principle and foreign exchange trader for Rose Stevons & Company, a boutique New York alternative investment firm specializing in providing retail clients with innovative, structured products. Mr. Rosenstreich has extensive experience in the retail Forex sector. He is licensed with a series 3, 7, and 63, and is registered with the NASD and National Futures Association as a Commodity Trading Advisor (CTA). Mr. Rosenstreich holds a BA in History from Clark University and an MBA from the City University of New York, Zicklin School of Business. © Copyright Pearson Education. All rights reserved.

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